Category: Economy&Finance
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Kenyan Team in High-Level Trade Talks in US Ahead of Ruto’s Visit Kenya has initiated high-level trade negotiations with the United States in Washington, D.C., as preparations intensify for President William Ruto’s upcoming state visit. A senior delegation from Kenya’s Ministry of Investments, Trade, and Industry is currently in the U.S. capital for a three-day…
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Kenyan Man Claims to Be Elon Musk’s Son, Demands DNA Test A wild claim made by a Kenyan man Nyakundi Kibiru alleging to be the eldest son of billionaire Elon Musk took social media by storm this week. What began as a bizarre but headline-grabbing claim quickly fell apart under scrutiny, after the 40-year-old mental…
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Kenya Power has released a notice informing customers in several regions across the country of scheduled power interruptions on Tuesday, August 19, 2025, to allow for essential maintenance works. The outages will run between 7:00 a.m. and 5:00 p.m., depending on the area. Part of Loresho: Lower Kabete Road up to Hillview Estate, Loresho Ridge,…
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Kenya Power has announced several areas across the country that will experience planned electricity interruptions on Wednesday, August 20, 2025, to allow for routine maintenance works. The affected regions are as follows: Kiamumbi Time: 9:00 a.m. – 5:00 p.m. Affected: Whole of Kiamumbi and adjacent customers. Muthaiga & Part of Parklands Time: 7:00 a.m. –…
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Jennifer Nagut from Maero village in Uganda displays the bananas at her stall in Busia, Kenya. She is among several Ugandan women who cross the border every day to sell nutritious foodstuffs to Kenya | Photo by Faith Matete It is dawn, and the flickers of the weak morning sun are illuminating the skies of…
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An AI-generated image showing a customer being attended to at a bank Kenyan banking giant, KCB Group, has formally initiated discussions to explore its entry into Ethiopia’s recently liberalised banking sector. This move positions KCB as a potential first-mover in one of the continent’s largest and previously untapped markets. The talks, which commenced in 2025,…
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The Nairobi Metropolitan Area (NMA) residential market has experienced varied trends in rental prices in 2024/25, with some areas showing notable declines, while others remained resilient despite ongoing economic pressures. According to the latest Nairobi Metropolitan Area Residential Report 2025 by Cytonn Investments, rent prices have generally decreased in several key areas, particularly in high-end…
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Launch of Proto Energy’s 2025 Sustainability Report Proto Energy Limited’s sustainability efforts have resulted in a saving of 7,085.76 tonnes of CO2 in the first half of 2025, the company has revealed in its latest Sustainability Report. This reduction is equivalent to the environmental benefit of growing 4,723.84 hectares of eucalyptus trees for a year.…
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Agriculture remains the backbone of Kenya’s economy, consistently contributing over 20% to the country’s Gross Domestic Product (GDP) from 2019 through Q1 2025. In contrast, the real estate and construction sectors show more modest contributions. In 2024, real estate and construction accounted for 6.79% and 6.72% of the GDP, respectively. While agriculture’s dominance is evident,…
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Chief of Staff and Head of Public Service Felix Koskei/FILE The government has revised the payroll processing and closure date for all public service entities, extending the deadline to the 18th of every month. Previously, government entities were required to finalise payrolls by the 15th. In a circular issued by Chief of Staff and Head…