Category: Business
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Goods at the Port of Mombasa. PHOTO/COURTESY Kenya’s busiest harbour, the Port of Mombasa, has lost ground in the 2024 Container Port Performance Index, settling at 375th worldwide and 35th in Africa. The report, prepared by the World Bank together with S&P Global Market Intelligence, placed the facility behind several regional rivals, underlining the difficulties…
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Mutahi Kagwe tasting tea. PHOTO/COURTESY Nearly 92,000 kilogrammes of speciality orthodox tea were put under the hammer in Mombasa as Kenya staged its first-ever auction dedicated to the premium variety. The inaugural sale, involving 2,925 packages, has been presented as the beginning of a new chapter for one of the country’s most valuable exports. Agriculture…
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Times Tower, KRA Headquarters. PHOTO/COURTESY From October 1, 2025, importers bringing goods into Kenya will be required to present a Certificate of Origin (COO) with every consignment, the Kenya Revenue Authority (KRA) has confirmed. The Authority explained that the law has already taken effect but will be strictly enforced after the September transition period. “All…
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Wycliffe Oparanya. PHOTO/COURTESY The government has announced that all public service vehicle (PSV) SACCOs that are not engaged in genuine savings and credit business will be reclassified as Transport Cooperatives or Transcoops. The Ministry of Cooperatives said the policy change is intended to safeguard the credibility of the SACCO industry and streamline operations within the…
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Insurance Regulatory Authority boss Godfrey Kiptum. PHOTO/COURTESY Kenya’s insurance industry expanded its premium base to Sh240.3 billion in the second quarter of 2025, reflecting stronger uptake across long-term and general business segments, even as consumer complaints and fraud cases rose, according to the Insurance Regulatory Authority (IRA). Figures from the regulator show that general insurance…
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Panelists at the Kenya-US Investment Forum. PHOTO/COURTESY Kenya’s private sector has taken centre stage at the 80th United Nations General Assembly in New York, urging the renewal of the African Growth and Opportunity Act (AGOA). The Kenya Private Sector Alliance (KEPSA) warned that the future of Sh60.7 billion in apparel exports and hundreds of thousands…
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Mutahi Kagwe tasting tea. PHOTO/COURTESY Nearly 92,000 kilogrammes of speciality orthodox tea were put under the hammer in Mombasa as Kenya staged its first-ever auction dedicated to the premium variety. The inaugural sale, involving 2,925 packages, has been presented as the beginning of a new chapter for one of the country’s most valuable exports. Agriculture…
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Madhan Srinivasan. Tullow Oil has officially exited Kenya after completing the sale of its entire working interest in the country to Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd. The deal, first announced in July 2025, saw Tullow sell 100 per cent of its shares in Tullow Kenya BV for a minimum of…
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An AI-generated image of staff at a boardroom Walk into Nairobi’s Lavington, Kilimani, Westlands, or Karen today and you’ll find buzzing coworking spaces filled with developers, marketers, and operations managers. The rise of these spaces is not fuelled by government offices or big corporations, but tech start-ups. Kenya secured $638 million in start-up funding in…
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Gokhan Kavak, Ahmed Satti and Emir Yildirim Saturday September 27, 2025 Turkish conglomerate Albayrak is driving the modernization and daily operation of Mogadishu Port, Somalia’s main entry point for goods and its link to global trade. Ahmet Sami Isler, chair of the Somalia Business Council at Türkiye’s Foreign Economic Relations Board (DEIK), told Anadolu…