Category: Business
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Controller Of Budget Margaret Nyakango has flagged irregular Ksh 51 Billion spending by Government on vehicles, state house renovation, and little spent on development NAIROBI, Kenya, Thursday, September 18, 2025 — Counties reduced their outstanding pending bills by three percent to Sh176.8 billion in the 2024/2025 financial year, down from Sh181.98 billion the previous year,…
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Kenya is still stuck in the colonial activity of exporting raw materials. This is soon changing as President William Ruto declared during the closing ceremony of the Kenya Industrialization Forum 2025. He said it is time for Kenya to flip and start adding value to what is available, manufacture products, and later on export the…
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Kenya has 39 licensed banks. Of these, 17 are classified as foreign-owned with 50% or more shareholding held by foreign interests. All the top commercial banks are listed on the Nairobi Stock Exchange. Three are majority government-owned while the rest are privately owned. Kenya’s banking sector is known for its dynamism. This is reflected in…
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Kisumu City has once again reaffirmed it’s position as the fastest growing business hub in the region, attracting investors and exuding confidence among the business community with keen interest in the Western circuit and by extension, East Africa, after the world’s leading off-grid solar energy company, Sun King, opened it’s second customer experience centre in…
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Prism Life Sciences has a knack for shooting itself in the foot, but it’s not a one-off legal error; but a pattern. Using court documents, we’ll reconstruct how the company’s bungled matters led to a bitter legal dispute with Galaxy Pharmaceuticals. Let us start at the beginning. On August 20, 2003, Prism Life Sciences, an…
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More than 5,000 youths from Bungoma, Busia, Kakamega, and Vihiga counties are currently undergoing a Business Development Skills training, equipping them with the necessary skills to start and run their own enterprises. This is part of the National Youth Opportunities Towards Advancement (NYOTA) – a five-year Government of Kenya project with the overall goal of…
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Standard Chartered Bank Kenya has long been considered a pillar of stability within the Nairobi Securities Exchange. For years, it has maintained a reputation for strong governance, steady dividends, and relative calm in an otherwise turbulent market. Yet the recent profit warning projects a more fragile reality. The bank’s announcement that FY 2025 profits after…
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Carrefour Kenya has strengthened its customer convenience by rolling out 24/7 Express Delivery services across major neighborhoods in Nairobi, Mombasa, and Diani. The service guarantees that shoppers receive their orders within 90 minutes, making it one of the fastest and most reliable delivery offerings in the country. In Nairobi, the service covers key estates and…
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LG Electronics (LG), in partnership with its main distribution partner in Kenya, Opalnet Ltd, has opened its sixth Brandshop in Kenya at the Selelo Mall in Kitengela, cementing its position as a trusted provider of premium electronics and home appliances in one of the country’s most dynamic urban growth centres. The new store arrives at…
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Kenya’s banking sector is celebrated in glossy reports as one of the most profitable on the continent, flaunting a return on equity that ranges between 25% and 30%. Global averages hover at 9–15%, meaning our banks outperform Wall Street, London, and Mumbai. Yet while shareholders smile, Kenyan SMEs—the engine of 80% of employment—are left suffocating…