Category: Business
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A section of the Mombasa business community and people living with disability during a press conference in Mombasa. CHARLES MGHENYI Mombasa Port stakeholders have lauded the national government’s decision to inject Sh41 billion into the expansion of the Port of Mombasa. They said the move will boost efficiency, competitiveness, and create more jobs. Two weeks…
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![Kenya: GDP growth vs inflation [2019-2025]](https://city-digest.us/wp-content/uploads/2025/09/19a8b1a72dfd5410070c89acc564582fwidth450height336qualityhqcategoryKE_Othersformatwebp.jpg)
Kenya’s economic performance between 2019 and 2025 reflects a delicate balance between growth and rising prices. GDP, the measure of the monetary value of final goods and services produced, expanded steadily as the country navigated global and local shocks, including the pandemic and regional disruptions. However, inflation—the rate at which prices of goods and services…
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Chinese Ambassador to Kenya Guo Haiyan./HANDOUT The current international and regional situation is turbulent, with the hegemonic and bullying behaviour of certain countries disrupting the global trade order and the industrial and supply chains. The world economy is staggering forward amid multiple challenges. As the world’s second-largest economy, China’s growth is not only crucial to…
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Listed miller Unga Group Plc has posted a profit for the year ended June 30, 2025, reversing two years of heavy losses. Revenue rose 10% to KSh 26.13 billion from KSh 23.70 billion. Operating profit was KSh 704.1 million, compared with a KSh 275.6 million loss a year earlier. Finance costs eased to KSh 394.6…
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Kenya’s regulated savings and credit cooperatives (SACCOs) are facing renewed financial strain as non-remitted funds owed by employers jumped to KSh 3.49 billion in 2024, up from KSh 2.59 billion a year earlier, according to the Sacco Societies Regulatory Authority (SASRA). “It is an oxymoron that employees of defaulting county governments and assemblies are paid,…
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KCB Group is vying to deepen its support to businesses and investors focused on the East Africa & US Markets, riding on its scale across the region. Speaking at the inaugural Bullish Kenya event by Wall Street Africa/The Kenyan Wall Street in New York on Thursday last week, KCB Group CEO, Paul Russo said: “We…
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In the latest in this series where The Kenyan Wall Street’s Fred Obura sits with senior executives at Superior Homes, Judy Maroko, Site Operations Manager, speaks about how robust project management is more than just about delivering the specific project, but also about building long-term relationships. 1. How do you ensure projects are delivered on time, within budget, and…
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Kenya’s electricity distributors and retailers will soon be required to meet strict customer service standards, including publishing service charters, reconnection timelines, and complaint-handling procedures, under new draft regulations published by the Ministry of Energy. Every three years, distributors and retail suppliers will be required to submit a Customer Service Charter and Supply Contract to the…
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Thirty-five savings and credit cooperatives (SACCOs) are staring at possible sanctions after failing to register with the Financial Reporting Centre (FRC) as required under new anti-money laundering regulations. SASRA noted: “A total of 320 Regulated SACCOs had fully been registered with FRC as reporting institutions in 2024, which is an increase from just 212 Regulated SACCOs…
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The Kenya Revenue Authority (KRA) is seeking new powers to collect revenue from foreign technology companies, including the ability to order local banks, payment processors and even customers to withhold and remit taxes on behalf of non-compliant firms. The regulations broaden the scope of taxable services far beyond streaming and app downloads, pulling in cloud…