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Inside William Ruto's challenge to global financial status quo

Ruto urges fair global financing for Africa, calling for investment-based partnerships at the Africa Forward Summit.

By Patrick Alushula 7 days ago

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Why State is in rush to push job creation in cotton value chain

AFA Chairman Cornelly Serem challenged Kenyans to support locally manufactured fabrics by purchasing clothes made within the country instead of relying on imports.

By Patrick Alushula 7 days ago

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Kenya's trade deficit widens to Sh1.6tr on raised maize imports

New data shows the value of imports in 2025 rose to Sh2.8 trillion, up from Sh2.7 trillion in 2024.

By Patrick Alushula 7 days ago

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Mbadi's mixed signals on PAYE proposals as he defends Finance Bill, 2026

Cabinet Secretary John Mbadi sents mixed signals on the expected reforms to PAYE structure that could favour the low-income earners, and defends the tax proposals in the Finance Bill, 2026.

By Patrick Alushula 8 days ago

How AI is transforming financial services and business in Kenya

As Kenya forges ahead on its digital transformation journey, there has been an uptick in the use of Artificial Intelligence in government and private sector institutions.

By Patrick Alushula 8 days ago

Taiwan firm to unveil AI computers at tech conference

Kenya’s aggressive digital market has caught the attention of the Taiwanese electronic consumer product company ASUS, which will be unveiling its portfolio of AI-enabled personal computers. 

By Patrick Alushula 8 days ago

From aid to enterprise: Refugee businesses expand East Africa's economy

A quiet economic shift is taking place inside refugee camps and host communities that is changing how governments, investors and development organisations view displaced populations.

By Patrick Alushula 8 days ago

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Kenya to spend nearly half of budget on debt servicing

Nearly half of the 2026/27 budget will be allocated to debt servicing, with taxpayers expected to cover Sh2.3 trillion in interest payments and debt redemption.

By Patrick Alushula 12 days ago

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Mpesa drives growth as Safaricom hits record Sh99.7b profit

M-Pesa remained the key driver of revenue performance in the period, contributing 59.2 per cent of total revenue growth, expanding its revenue mix to 45.6 per cent. 

By Patrick Alushula 12 days ago

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State targets 192,259 new housing units despite unmet promises

Government cites land, legal, and funding issues slowing uptake of affordable housing units despite ambitious construction targets.

By Patrick Alushula 13 days ago

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Roads dominate development budget in Treasury estimates

William Ruto’s 2026/27 budget plans heavily prioritise roads, which will take 21% of development spending as he moves to deliver infrastructure pledges ahead of the 2027 elections.

By Patrick Alushula 15 days ago

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Microfinance lenders seek law review on capital requirements

They say the 20 per cent cash or near-cash liquidity ratio threshold under the Microfinance Act and reporting standards has affected their cash flows.

By Patrick Alushula 18 days ago

Unfavourable rains slow down agriculture output to 3.1 per cent

Growth in the agricultural sector slumped last year due to unfavourable weather patterns characterised by below-average rainfall, which affected key crops.

By Patrick Alushula 19 days ago

Agro-based firms decline weighs on industrial growth

The slow growth recorded in agriculture in 2025 crept into the manufacturing sector, whose gross value added grew by two per cent in the period compared to three per cent in 2024. 

By Patrick Alushula 19 days ago

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State moves to harmonise economic policies amid concerns

This review is driven by concerns that, despite the many policy documents intended to guide enterprises across the economy, most remain unused and ineffective.

By Patrick Alushula 21 days ago

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NSE eyes IPO pipeline to unlock private capital firms' exit plans

With billions flowing into deals but exits proving elusive, the exchanger is positioning IPOs as a solution to unlock investor returns and recycle capital.

By Patrick Alushula 22 days ago

APA Apollo Group reports 14 per cent growth in insurance revenue

The APA Apollo Group reports a strong set of financial results for the year ended 31 December 2025

By Patrick Alushula 22 days ago

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Kenya, Uganda to build oil refinery in Tanzania

Kenya and Uganda are in discussions to build a refinery in Tanzania that will serve oil-producing countries in the East African Community (EAC)

By Patrick Alushula 26 days ago

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Of demand and supply: Why affordable housing uptake has slowed down

The lack of a pool of potential homebuyers from which the market can draw whenever units are ready is the biggest setback derailing affordable housing delivery in the country. 

By Patrick Alushula 27 days ago

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Middle East crisis: How MSMEs can beat rising fuel prices

the transport and logistics sector is heavily dependent on fuel and any disruptions will significantly increase costs to both consumer products and commuters. 

By Patrick Alushula 28 days ago

Britam Holdings unveils lifetime cover

Unlike term insurance, which ends once the period lapses, this new product looks into the whole life of an individual and their prospects. 

By Patrick Alushula 29 days ago

New branches, AI adoption as Mhasibu targets 100,000 membership

The government has cited dividend payment as the biggest challenge threatening the stability of Saccos even as it insists that it has no interest in controlling the management of the entities. 

By Patrick Alushula 29 days ago

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Kepsa flags double-digit inflation risk from Middle East conflict

Kepsa warns that the US–Iran conflict could push Kenya’s inflation into double digits, driving up costs and putting nearly two million people at risk of falling into poverty.

By Patrick Alushula 1 month ago

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Experts slam 'temporary fixes' to Kenya's Sh12.6tr debt

EY says Kenya Kwanza's strategy only postponing the country's broader problem, which could lead to a default.

By Patrick Alushula 1 month ago

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State's appetite for domestic debt to grow with fuel VAT cut

The government is expected to borrow heavily from the local market to cover the revenue gap created by fuel VAT cuts, a move that is expected to squeeze out the public in the credit market.

By Patrick Alushula 1 month ago

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State issues draft regulations for issuance of stablecoins

The Kenyan government has proposed draft regulations requiring stablecoins to be fully backed by cash and low-risk assets.

By Patrick Alushula 1 month ago

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Key sectors that could lift Kenya out of 'hustle economy'

A new report says Kenya can reduce its “hustle economy” by channelling investment into key sectors like housing, agriculture, logistics, manufacturing, and the digital economy.

By Patrick Alushula 1 month ago

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Mortgages fall short in solving Kenya's housing crisis

Mortgage model of home ownership is increasingly being viewed as unsuitable for Kenya’s economic structure.

By Patrick Alushula 1 month ago

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Anxiety as Kenyans brace for new fuel prices

Kenyans are bracing for new fuel prices amid shortages, rising pump costs, and growing pressure for accountability over a disputed fuel importation saga.

By Patrick Alushula 1 month ago

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Kenya tightens grip on crypto with Sh500m capital rule

Kenya plans to tighten the regulation of cryptocurrencies by requiring virtual asset service providers to meet high capital and licensing thresholds under the new VASP framework.

By Patrick Alushula 1 month ago

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How green certification is driving regional demand for warehouses

Demand for warehouses is now being driven by purpose-built industrial facilities and green building certification as tenants shy away from older facilities.

By Patrick Alushula 1 month ago

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Why Kenyan enterprises are stuck in the hustle stage

A new report finds most Kenyan enterprises remain stuck in a “hustle economy” due to fragmented markets, weak aggregation, and limited access to growth capital.

By Patrick Alushula 1 month ago

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Why Africa's growth depends on bankable projects, not capital

Experts, including Gillian Rogers, argue that Africa’s growth challenge lies in a shortage of bankable projects rather than capital, as existing funds remain underutilised.

By Patrick Alushula 1 month ago

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Will Kenya's G-to-G scheme keep fuel prices down?

Kenyans await the next fuel price cycle as global oil prices surge above Sh14,300 per barrel amid tensions with Iran.

By Patrick Alushula 1 month ago

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Oketch steps in as acting Epra boss after Kiptoo exit

Joseph Oketch has been appointed acting Epra Director General following Daniel Kiptoo’s resignation linked to the fuel importation scandal.

By Patrick Alushula 1 month ago

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Kenya's push to maximise Sh95 billion circular economy

Kenya is exploring digital product passports to boost transparency and unlock its Sh95 billion circular economy potential under Extended Producer Responsibility rules.

By Patrick Alushula 1 month ago

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Interest income, foreign exchange trade: Where banks cut earnings in 2025

As cheaper credit reshaped the market in 2025, banks had to navigate thinner margins and shifting income streams.

By Patrick Alushula 1 month ago

Britam profit jumps 10pc to Sh5.5b despite rise in claims

Britam Holdings grew its net profit for the year that ended December 2025 by 10 per cent to Sh5.5 billion from Sh5.0 billion in the previous period.

By Patrick Alushula 1 month ago

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KRA targets 5 million tax filers with WhatsApp option

Kenyans will now be able to file their taxes through WhatsApp in a new innovation by the taxman that targets five million fillings this year

By Patrick Alushula 1 month ago

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Kenya advances crypto regulation through VASP roundtable

Kenya is moving closer to full crypto regulation as regulators and industry players refine rules under the VASP framework following the 2025 law.

By Patrick Alushula 1 month ago