Category: Economy&Finance
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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…
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The Energy and Petroleum Regulatory Authority (EPRA) has issued its latest monthly review of fuel prices, bringing slight relief to Kenyan motorists and households with a reduction in the cost of super petrol and kerosene. The new prices, announced on Thursday, August 14, will take effect from midnight, August 15, 2025, and remain in force…
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Safaricom Business, the enterprise arm of Safaricom PLC, is steadily cementing its position as a key driver of Kenya’s digital transformation. Tasked with designing and delivering innovative products and services for organisations ranging from small startups and mid-sized firms to large corporates and government institutions, the division is evolving into a full-scale business technology partner.…
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Old Mutual has partnered with the Kenya Bodaboda Association (KBA), Rescue.Co, Incourage Insurance, and Rafiki Microfinance Bank, to set up the Boda Riders Super Cover, a new solution that offers hospitalisation and last expense support to boda boda riders. The cover is designed to provide boda boda riders and owners with financial support during hospitalisation…
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The National Youth Opportunities Towards Advancement (NYOTA) Project, a KES 20 billion World Bank-backed program, is set to roll out soon, bringing skills, capital, and financial inclusion to the country’s most vulnerable youth. President William Ruto officially announced the project during his 2025 Madaraka Day address, positioning NYOTA as a flagship under the Bottom-Up Economic…
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From August 15 to November 15, Kenyans can take part in the Funua Flava Under the Crown promotion for a chance to win daily and weekly cash prizes, including a grand weekly prize of Ksh 1,000,000. The nationwide promotion, run by Coca-Cola Beverages Africa (CCBA) in Kenya, will reward consumers with cash, airtime, and data…
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Absa Bank Kenya PLC has announced an enhancement of its Shariah-compliant banking offering through the launch of La Riba Sultanah – Kenya’s first Shariah-compliant account designed to empower women entrepreneurs with financial independence and business growth. This marks a significant milestone in Absa’s strategic commitment, aligning with its sustainability pillar that seeks to deepen financial…