Category: Economy&Finance
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The Intergovernmental Authority on Development (IGAD) in collaboration with GIZ and Statistics Sweden, is set to launch the second edition of the IGAD Population and Migration Statistics Report an important step toward strengthening evidence-based migration and displacement governance in the region. The report to be launched on September 4th, 2025 in Mombasa, Kenya, presents summary…
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A new dawn awaits cotton farmers in the Coast region as two state-of-the-art ginneries in Kwale and Lamu promise to revive the cash crop and unlock fresh economic opportunities. Cotton farming in the coastal counties of Kwale, Kilifi, Lamu, and Taita Taveta is bouncing back after years of decline, thanks to two new ginneries,…
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The Kenya Electricity Transmission Company (KETRACO) says it on course to complete 29 power transmission lines across the country by 2028. The power company says the projects in the pipeline will ensure reliable and stable electricity in order to support agro-industrial zones, irrigation schemes and post-harvest storage. As of May this year, KETRACO says it…
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Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has urged countries and investors to seize the opportunity of packaging tea in Kenya, saying the move will cut costs and unlock greater value for both producers and buyers. Speaking at the North America Tea Conference in South Carolina,…
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President William Ruto at a past event The report, published on Tuesday, September 2, 2025, indicates that the funds were used to produce certificates, invitation cards, parking permits, and other office materials. On average, this translated to about Ksh 68 million per month, or Ksh 2.2 million every day. Nyakang’o noted in her findings that…
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Li Hua, who is Futu’s chairman and CEO, derives his wealth from a stake in the Nasdaq listed company. Image by Leaf Li on LinkedIn Li Hua, the founder of Chinese online brokerage Futu Holdings, has more than tripled his net worth to an estimated $9.6 billion, a testament to the company’s successful pivot following a…
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The prices of white wheat flour and onion bulbs rose by 0.9%. Kenya’s monthly inflation rate rose steeply to 4.5% in August compared to 4.1% in July, edged up by a rise in the price of food and transport, the biggest items in the average household’s consumer basket. According to data from the Kenya National…
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Outside Central Bank of Kenya (CBK) headquarters in Nairobi. The banking industry has welcomed the Central Bank of Kenya’s (CBK) move to introduce a new loan pricing formula for variable-interest loans, saying the changes will boost access to credit and strengthen transparency in the sector. The revised framework, announced by CBK on August 26, 2025,…
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KNNCI and KPDA officials during the MoU signing Kenya’s affordable housing drive is taking a new turn as property developers call for stronger estate management to safeguard investments and improve the lives of residents. The Kenya Property Developers Association (KPDA) says the success of the government-backed programme will depend not only on building houses but…
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The all share index was introduced in 2008. The Nairobi Securities Exchange All Share Index (NASI), which measures the market’s overall capitalization, rose 2.83 points at the close of trading on Wednesday, climbing to a new all-time high of 178.04, an annual gain of 44.2%. This is a market cap weighted index consisting of all…