Category: Economy&Finance
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Kenya Electricity Transmission Company (Ketraco) Managing Director John Mativo at Kawi complex, Nairobi on September 16, 2024. The construction of the planned Sh12.26 billion national electricity dispatch centre will start mid-next month as the Kenya Electricity Transmission Company (Ketraco) moves to restore reliable supply on the national grid. John Mativo, the Managing Director of Ketraco…
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Workers assemble a car at French automaker Peugeot SA in partnership with local franchise holder Urysia at the Thika-based Kenya Vehicle Manufacturers. As Kenya embarks on its journey toward green industrialisation, the electric vehicle (EV) sector presents a generational opportunity to achieve three national priorities simultaneously: creating good jobs, improving public health, and strengthening our…
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Agriculture Cabinet Secretary Mutahi Kagwe has announced the removal of taxes on packaging materials for agricultural products a move aimed at encouraging more investors into the country. Speaking during the North America Tea Conference in South Carolina on Saturday, September 6, Kagwe explained that the new policy shift will particularly benefit the tea industry by making packaging in…
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Kenya’s banking sector recorded strong profits in 2024, underlining the resilience of the industry even as households and businesses grappled with high costs of living and global financial uncertainty. The Central Bank of Kenya’s latest Financial Sector Stability Report shows that banks maintained solid capital buffers while improving asset quality, a trend that helped deliver…
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When Tuskys Supermarket first opened in the late 1980s, shoppers buzzed with excitement. What began as a small mattress and discount grocery shop in Rongai soon captured the hearts of Nairobians and became a retail staple. At its peak, it stood tall among East Africa’s retail elite. Tuskys began in the early 1980s as “Tusker…
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Uchumi Supermarket was once a Kenyan retail giant—a symbol of national pride and economic promise. Founded in 1975 as a government-backed retailer, it aimed to serve Kenyans with fair pricing and quality products. For decades, it thrived, pioneering innovations in retail and expanding across East Africa. Yet, mismanagement, weak controls, internal fraud, and reckless expansion…
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When Kenyans discuss the intersection of politics, business, and wealth, one name that often surfaces is Evans Kidero, the former Nairobi Governor and long-serving corporate executive. His career has spanned the boardroom and public office, but what seems to spark the most heated debate is Evans Kidero’s net worth. Different sources report wildly different numbers. Anti-graft agencies…
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William Kabogo, Kenya’s former Kiambu Governor and current ICT Cabinet Secretary nominee, has long been recognized as one of the country’s wealthiest politicians. During his vetting in January 2025, Kabogo publicly declared his net worth at KES 3.01 billion, drawing attention to his vast portfolio of properties, shares, and investments. This guide breaks down William Kabogo’s…
