Category: Business
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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…
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Governor Ken Lusaka Governor Kenneth Lusaka has called on residents, particularly the youth, to embrace agribusiness and value addition as key pillars for economic empowerment and sustainable livelihoods. Speaking during the Farmers Field Day at the Mabanga Agricultural Training Centre (ATC), Lusaka reaffirmed his administration’s commitment to revolutionizing the agricultural sector, which he termed the…
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After more than fifteen years of waiting, a sense of relief has finally reached the former employees of the Panpaper factory. The national government has allocated 230 million shillings to pay their long-overdue dues, a decision that comes as a major relief to those who have endured significant hardship since the factory’s closure. Principal Secretary…
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Equity Bank Uganda has reaffirmed its commitment to driving small and medium enterprise (SME) growth with the 3rd regional edition of its “Tupange Business Ne Equity” engagement series, held in Fort Portal. The event brought together entrepreneurs, traders, and community leaders to network, share insights, and chart a stronger future for regional business. Building on…
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Absa Bank Uganda, through its flagship Business Club, has launched a series of Regional SME Forums, starting with Masaka, Mbarara, and Fort Portal. The initiative, delivered in partnership with Uganda Airlines, DHL, Grant Thornton, and Enterprise Uganda, is designed to equip entrepreneurs with practical skills, networks, and opportunities to strengthen their businesses and position them…