Category: Business
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An aerial view of Nairobi CBD from GTC Tower. /ALICE WAHOME Kenya’s housing market is delivering the highest investment returns in the world, outpacing nine major global property markets, according to a new report by HassConsult. The study compared property prices and rental yields in Kenya, South Africa, the USA, Canada, the UK, France, Switzerland,…
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Less than two months after it was rolled out, the Tukikube ne I&M Bank campaign has already gathered significant momentum, attracting Small Medium Enterprises (SME) owners who have started taking advantage of the bank’s flexible asset financing solutions. One of the key elements of the Tukikube ne I&M Bank asset financing package, is access to…
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Simon Bransfield-Garth, CEO of Akili AI (L) and Snehar Shah, CEO of IXAfrica (R) Kenya’s banking industry is on the brink of a major digital transformation, with generative AI poised to reshape customer service, operations, and competition across the sector. According to new research by Akili AI, the adoption of generative AI in Kenyan banks…
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File image of Kenya Power engineers at work The outages will affect Nairobi, Nakuru, Trans Nzoia, Nyamira, Kisii, Migori, Meru, Kiambu, Kilifi, Kwale, and Mombasa counties. Kenya Power has announced power interruptions in several parts of the country on Thursday, September 11, to facilitate maintenance works. In a statement on Wednesday, September 10, the company…
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File image of the Mukuru Affordable Housing project. Since 2022, the programme has already delivered 3,171 completed units in Mombasa (584 units), Nakuru (605 units), Mukuru (1,080 units) and Homa Bay (110 units) and 792 units for disciplined forces. President William Ruto has hailed Kenyans for taking ownership of the Affordable Housing Programme, which has…
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Fundraising slowed across Africa’s start-up ecosystem in August, but the overall outlook for 2025 remains bullish, with year-to-date totals already outpacing 2024. According to industry trackers Africa: The Big Deal, 33 start-ups secured a combined $93m (KSh 12.1bn) through deals of $100,000 (KSh 13m) and above, excluding exits. While this made August the second quietest…
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Tesla boss Elon Musk has lost his long-held crown as the world’s richest individual. Oracle co-founder Larry Ellison now sits at the top of the global wealth rankings, following a record-breaking surge in Oracle’s share price. According to Bloomberg, Ellison’s net worth climbed to an estimated $393 billion on 10 September, briefly topping $400 billion…
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PHOTO/COURTESY STATE DEPARTMENT FOR FORESTRY KENYA (X) The Mwache Multipurpose Dam Project in Kwale County is taking shape as a flagship initiative to improve water security, restore degraded landscapes, and create green jobs for local communities. On Wednesday, Principal Secretary for Forestry Mr. Gitonga Mugambi joined PS Julius Korir (Water and Sanitation), PS Ephantus Kimotho…
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The Kenya Revenue Authority (KRA) has announced new leadership appointments aimed at strengthening institutional capacity and improving service delivery. In a statement issued Thursday, KRA confirmed the appointment of Nancy Ng’etich as Commissioner for the Shared Services Department. Ng’etich, who has been serving in the role in an acting capacity since February 2023, has spearheaded…
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Last Updated on 1 minute by Agencies for Kenya Online News Nairobi, Kenya, September 10, 2025 — Kenya loses up to 40% of the food it produces each year—around 9 million tons of food worth KES 72 billion (approximately US$578 million)—even as one in four citizens struggles daily to find enough to eat. This is enough to fill approximately…