Category: Economy&Finance
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Kenya has secured a significant Ksh8.3 billion loan to redevelop the ageing Gogo Hydro Power Plant in Migori County in a renewed push to strengthen energy security and reduce reliance on expensive thermal generation. The financing agreement was signed with a consortium of international lenders and will go towards upgrading the plant’s installed capacity, modernising…
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The Social Health Authority (SHA) has closed all its regional and sub-county offices nationwide, relocating staff to county headquarters and the national office in Nairobi as part of a sweeping institutional reform. The decision, which affects offices largely inherited from the defunct National Health Insurance Fund (NHIF), is aimed at streamlining operations, cutting administrative costs,…
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KCB Group has opened high level negotiations to acquire a forty percent stake in one of Ethiopia’s domestic banks as part of its aggressive regional expansion strategy targeting fast growing East African economies. The Nairobi based lender is eyeing entry into Ethiopia’s lucrative financial market after the government in Addis Ababa recently allowed foreign ownership…
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The National Treasury is staring at a fresh confrontation with county governments after failing to disburse the constitutionally mandated monthly cash allocations for July, raising fears of a crippling cash crunch at the devolved units. The delayed transfers have sparked alarm among governors who say they are unable to pay workers, meet essential service obligations…
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Kenya’s textile industry faces mounting uncertainty after United States President Donald Trump vowed to introduce a ten percent universal tariff on all imports if elected, a proposal that analysts warn could wipe out key advantages Kenyan apparel exporters enjoy under the African Growth and Opportunity Act. The looming policy shift has sparked concern among major…
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Shares of Nairobi Securities Exchange PLC surged to their highest level since May 2019 in today’s trading session, signalling renewed investor confidence in the bourse operator’s growth prospects and the resilience of Kenya’s capital markets. The stock continued its upward trajectory on sustained buying interest from both local and foreign institutional investors who are positioning…
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How to Use Crypto Sub-Accounts As crypto markets evolve, so do the tools that support professional trading. One such feature — often underutilized by retail users but heavily relied on by institutions and pro traders — is the crypto sub account system. Crypto sub accounts on WhiteBIT, for example, enable users to segment their trading environment,…
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CFAO Mobility Kenya Limited has completed the transfer of assets from DT Dobie & Company Kenya Ltd, consolidating the operations of the two entities under a single brand in a move aimed at improving efficiency and strengthening its market offering. The restructuring, which took effect on April 1, 2023, followed an internal realignment within the…
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How Lifestyle Trends Are Changing Consumer Habits In today’s fast-paced world, lifestyle trends are reshaping how we think about consumption. From sustainable living to digital experiences, our choices reflect a deeper shift in values and priorities. As we navigate this evolving landscape, it’s clear that what we buy and how we buy it tells a…
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Nairobi Securities Exchange (NSE) listed agribusiness firm Kakuzi Plc has posted a Sh295.5 million net profit in its half-year trading results. Within the period under review, Kakuzi’s total revenue grew to Sh1.51 billion, up from Sh1.17 billion realised within the same period last year. Speaking when he confirmed the half-year 2025 trading results, Kakuzi Managing…