Category: Economy&Finance
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A tea plantation in Kericho Kenya and Iran have formed a joint committee to address trade obstacles and lift the ban on Kenyan tea exports to Iran within 60 days. Kenya and Iran have formed a joint committee tasked with addressing trade obstacles within 60 days, paving the way for lifting the ban on Kenyan…
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File image of President William Ruto President William Ruto has announced plans to establish a financial institution dedicated to supporting young entrepreneurs. President William Ruto has announced plans to establish a financial institution dedicated to supporting young entrepreneurs. Speaking during the International Youth Day at Masinde Muliro University, he said the bank will provide financing…
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File image of Kenya Power technicians Kenya Power has announced planned power interruptions across six counties on Wednesday. Kenya Power has announced planned power interruptions across six counties on Wednesday, August 13. In a statement on Tuesday, August 12, the company said the interruptions are meant to facilitate routine maintenance. In the Nairobi Region, parts…
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Kenya Power has announced planned electricity interruptions for Monday, August 11, 2025, affecting various parts of the Central Rift, North Rift, and Mt. Kenya regions. The utility says the scheduled outages are part of ongoing network maintenance and system upgrades aimed at improving service reliability. Central Rift Region – Bomet CountyIn Bomet, the Kapkoros area…
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Kenya Power has issued a notice of scheduled electricity interruptions for Tuesday, August 12, 2025, affecting multiple counties across the Nairobi, Mt. Kenya, and Coast regions. The utility says the outages are part of planned maintenance works aimed at improving service reliability and network stability. Mt. Kenya Region Nyeri County (Mukuweini, Ichamara) – From 8:00…
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A past photo of Kitui County Governor Dr. Julius Malombe. (Photo – Courtesy) Kitui County has unveiled a KSh 14.2 billion budget for the 2025/2026 financial year, outlining key spending priorities aimed at accelerating development and improving service delivery across the county. Approved by the County Assembly in late June, the budget balances a significant…
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A past photo of Makueni Governor Mutula Kilonzo Junior. (Photo – Courtesy) Makueni County has unveiled a Kshs 11.54 billion budget for the 2025/2026 financial year, with a strong focus on infrastructure, healthcare, youth empowerment, and agricultural value addition. The resource envelope will be financed through Kshs 8.866 billion from the National Government, Kshs 1.5…
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Kenya has dropped plans for a Sh468 billion expressway between Nairobi and Mombasa, opting instead to expand the existing A8 highway. The Public Private Partnership committee of the National Treasury reached the decision at a meeting on 2 July. The expressway was to be developed under a Public Private Partnership by US-based Everstrong Capital Kenya…
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Kenya’s shilling has remained largely unchanged at around 129 units to the US dollar for the past year, presenting a mixed bag of outcomes for traders, commercial banks, and import-driven businesses. After a sharp depreciation in early 2023 that pushed the local currency to record lows of over 160 per dollar, the Central Bank of…
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The Democratic Republic of Congo’s Senate has stepped in to delay a looming 30 percent forced divestment of Equity Group’s stake in its DRC subsidiary, Equity Banque Commerciale du Congo (Equity BCDC), after Equity launched a high-level campaign to block the mandated share sale. The bank has described the proposed sell-off as detrimental to investor confidence…