Category: Economy&Finance
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Renowned Kenyan businessman Kibira Muchai has passed away. Muchai died on Tuesday while undergoing treatment at Nakuru Level Five Hospital where he had been admitted. He was the founder of Mololine, a pioneer matatu Sacco that revolutionized public service transport in Kenya. Deputy President William Ruto eulogized Muchai as “a shrewd and philanthropic businessman who…
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Agriculture Cabinet Secretary Mutahi Kagwe speaking at the North America Tea Conference in South Carolina. (Ministry of Agriculture) Kenya is moving to boost its tea exports by removing taxes on packaging materials, a step Agriculture Cabinet Secretary Mutahi Kagwe says will keep the tea fresher, improve traceability, and raise farmers’ incomes. Speaking at the North…
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Marikiti Market in Nairobi. Intra-African agri-food trade has more than doubled since 2003, driven by growing demand, better trade facilitation, and regional integration efforts like the African Continental Free Trade Area. (Photo: Abdirahman Khalif) Intra-African agri-food trade has more than doubled since 2003, driven by growing demand, better trade facilitation, and regional integration efforts like…
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Head of Public Service Felix Koskei. (Photo: X/Felix Koskei) All government state departments and agencies have until September 19, 2025, to complete and upload their annual procurement plans to the electronic government procurement (e-GP) system, according to Chief of Staff and Head of Public Service Felix Koskei. In a circular dated September 5, 2025, Koskei…
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Controller of Budget Margaret Nyakang’o. (Photo: Handout) Controller of Budget Margaret Nyakang’o has criticised the National Treasury for mishandling the rollout of the electronic government procurement system (e-GPS), warning that poor change management may be fuelling resistance among procuring entities. While the CoB backed the shift to electronic procurement, she said the rollout was chaotic…
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A past photo of Kitui County Governor Dr. Julius Malombe. (Photo – Courtesy) Kitui County has unveiled a KSh 14.2 billion budget for the 2025/2026 financial year, outlining key spending priorities aimed at accelerating development and improving service delivery across the county. Approved by the County Assembly in late June, the budget balances a significant…
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A past photo of Makueni Governor Mutula Kilonzo Junior. (Photo – Courtesy) Makueni County has unveiled a Kshs 11.54 billion budget for the 2025/2026 financial year, with a strong focus on infrastructure, healthcare, youth empowerment, and agricultural value addition. The resource envelope will be financed through Kshs 8.866 billion from the National Government, Kshs 1.5…
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Kenya is no stranger to tax evasion scandals, yet the persistence of impunity continues to frustrate both citizens and genuine businesses. In the shadows of repeated public outcry, one name stands out: Mr. Jatin Aswani, an Indian national, whose financial dealings have exposed glaring loopholes in the enforcement of our tax and immigration laws. For…
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“I don’t make enough to save” is the most dangerous fairy tale Nairobians tell themselves before diving headfirst into another weekend of nyama choma, beer, and Fuliza. It’s the excuse that keeps many chained to poverty while inflation, landlords, and debt collectors laugh all the way to the bank. The truth is uncomfortable: the problem…
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On September 5, 2025, the Supreme Court of Kenya delivered a final blow to Standard Chartered Bank Kenya in a bruising pension battle that had dragged on for years. The court dismissed the bank’s last attempt to overturn earlier rulings, sealing a decision that could cost the lender more than KSh 7 billion. At the…