Category: Economy&Finance
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Kenya’s problems are not mysterious; they are structural choices that can be reversed with consistent policy, political will, and public engagement. What follows is a comprehensive, practical, and evidence-informed argument for how Kenya can be moved toward first-world outcomes — rapid job creation, reliable services, and accountable governance-if leaders implement focused reforms. Start by reframing…
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This week, Nairobi will host one of the most anticipated literary highlights of the year: the African Book Fair, and among the notable mentions will be Making It Big: Lessons from a Life in Business, the memoir of Nigerian billionaire, entrepreneur, and philanthropist Femi Otedola, set to be launched on August 18, 2025. A rare…
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Equity Group’s Pan-African growth strategy is paying off in a big way, with regional subsidiaries now contributing an impressive 46% of Group profits and 48% of assets, a strong testament to the bank’s continental ambitions. The Democratic Republic of Congo (DRC), Uganda, and Tanzania have emerged as growth engines, while Kenya continues to anchor the…
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Equity Group Holdings Plc has defied a turbulent economic climate to post its strongest quarterly profit in four years, underscoring the bank’s operational excellence, prudent cost management, and diversified income strategy. For the second quarter alone, the Group recorded a Profit Before Tax (PBT) of KES 8.1 billion, contributing to a robust half-year performance that…
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Each year, the Kenya Revenue Authority (KRA) is assessed against a singular yardstick: did it meet its collection target? This focus on revenue performance, while important, often oversimplifies the web of underlying factors that shape outcomes. With the KRA having closed the 2024/2025 fiscal year with a revenue collection of Ksh. 2.571 trillion against a…
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Kenya’s leather industry is poised for a major revival following the government’s move to activate operations at the long-stalled Kenanie Leather Industrial Park in Machakos County. After more than a decade of delays, a new lease agreement has finally cleared the way for the facility to begin full-scale operations – unlocking a wave of opportunities…
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The Lamu Port has cemented its role in the maritime trade within the region by welcoming the MV Nagoya Express, the largest vessel ever to dock at the waters of East Africa. The 335-metre-long ship, owned by German shipping giant Hapag-Lloyd, is the biggest ever in Kenya’s maritime history. Its arrival is a significant milestone…
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The government has urged Parliament to approve a fresh proposal that seeks to introduce a national tolling policy to fund road development through a “user pay charges” strategy. The authorities argue that the move is needed to address budget deficits and offer a long-term means of funding the infrastructure. Transport Cabinet Secretary Davis Chirchir told…
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Kenya Railways Corporation is still reeling from the effects of Sh50 billion loss, the highest among state corporations even as oversight authorities poke holes into the mystery surrounding daily collections made from Commuter Rail train services. The Corporation is coming under tough scrutiny ahead of the multi-billion Railway City project that will be funded by…
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It has been three months since some residents moved to Affordable houses in Mukuru slums, Nairobi. During the launch by President Ruto, several home owners were ushered into the new life from the nearby slums marking a new chapter in their lives. However, some argue that it is not all rose in the new homes…