Local pharmaceutical firms set for contracts boost in State plan

The government announced a new strategy designed to spur domestic pharmaceutical production, aiming to drastically reduce the country’s heavy reliance on imported medicines and medical supplies.

By 5 days ago

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Advent of AI and fear of firms losing human touch

The lack of emotional connection is becoming as apparent as the need to adopt new technologies in businesses.

By 5 days ago

Mrima Hill rare earth project attracts new US-backed consortium

A US-backed consortium has proposed a value chain approach in the extraction and development of rare-earth minerals at Kwale County’s Mrima Hills.

By 6 days ago

Kenya aims for five million visitors in new ambitious tourism push

The government has emphasised the tourism sector’s potential in job creation, with Tourism and Wildlife CS Rebecca Miano, noting the workforce extends beyond the three million documented.

By 6 days ago

Mbadi: Cash raised from Safaricom shares sale to fund infrastructure

The government’s planned sale of a 15 per cent stake of its shareholding in Safaricom to Vodafone Kenya for Sh244.5 billion will help to raise money for critical infrastructure projects.

By 10 days ago

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Developers push for local assembly of escalators, elevators

The race to the skies by developers has now seen engineers lobby for local assembly of escalators and elevators.

By 11 days ago

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Report: Most Kenyans worried about own economic future

Kenyans are pessimistic about their own economic well-being, a new report shows, a situation that mirrors their views of the country’s economy.

By 12 days ago

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Saccos' Sh40b at risk as regulator warns of foreign aid dependence

Close to Sh40 billion worth of members’ deposits held in Saccos affiliated to implementing agents of foreign aid are at risk following geopolitical shifts in external funding.

By 12 days ago

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Boardroom misunderstanding: Why billions spent on cybersecurity have yet to pay off

The Africa Cybersecurity Report 2024/2025 shows that most companies still operate cybersecurity as a sub-department under IT (information technology) rather than a key pillar of the business.

By 13 days ago

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New firm shows interest in Mrima Hills' Sh8.1 trillion mineral deposits

The Sh8.1 trillion (USD 62.1 billion) rare earth deposits at Mrima Hills, Kwale County, have once again attracted the interest of another investor seeking a slice of the project.

By 16 days ago

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"We weren't told": Why most Kenyans don't join budget talks

A majority of Kenyans, six in 10, have never participated in the budget making process in their respective counties or at the national level.

By 17 days ago

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Pension industry seeks to flex its muscle in large State projects

Sector forms consortium to lead investment in capital-intensive ventures. Most of the funds have traditionally been invested in government securities.

By 18 days ago

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125 Kenyans wealthier than 43 million people

Kenya’s tax regime has been criticised in a latest report as regressive, as it disproportionately targets poor individuals contributing to higher levels of inequality in the country.

By 19 days ago

DIB unveils its new identity

Dubai Islamic Bank has launched its new brand identity in Kenya.

By 20 days ago

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Kenya revives oil export dream with approval of Lokichar plans

Government says production could begin by end of 2026 if Parliament ratifies plan.

By 20 days ago

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Housing project: Why number of workers do not add up

In last year’s state of the nation address, President Ruto announced that by then, November 2024, the AHP had offered 164,000 jobs.

By 24 days ago

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Small houses, less income: Where State's affordable houses miss target

The availability of small units in the market, which are unfit for family-oriented individuals and low-income Kenyans, is a major mismatch that ails the affordable housing initiative.

By 25 days ago

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What causes rifts in family wealth transfer

A report by Standard Chartered also lists globalisation of both family members and their assets as another key challenge during succession planning.

By 26 days ago

Statistics agency roots for better usage of data

The KNBS is strongly advocating for improved data utilisation as the country prepares to host the Global Data Festival in June 2026.

By 26 days ago

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Why super-rich are rushing to relocate family offices

Due to the listed reasons, proximity to family is no longer a treasure for the high-net-worth individuals (HNWI).

By 27 days ago

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Why business leaders are jittery over AI models

The argument is that, the data sets used to train the AI systems in the market are not familiar with the context of the continent.

By 29 days ago

State to create new agency on cybersecurity

The government wants a specific body on cybersecurity owing to the rapid growth of the country's digital landscape and the consequent threats. 

By 1 month ago

How quality of land is slowing down development of housing units units

Whenever affordable housing is discussed, the cost of land is always blamed for the skyrocketing prices of units.

By 1 month ago

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How startups can unlock domestic capital for businesses

Africans give a lot to churches and mosques, and this money can be channeled to fund businesses that would have a positive impact in their societies.

By 1 month ago

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Kenya-UAE trade deal heads to parliament for final approval

The ratification of the partnership agreement signals stronger Gulf ties and new opportunities in various frontiers.

By 1 month ago

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CEOs alarmed by high poverty index among key consumers

The confidence of CEOs as documented in the report stems from the structural resilience and a niche in the business they are running.

By 1 month ago

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Safaricom injects Sh26b into its Ethiopia unit as profit hits Sh43b

Safaricom Kenya recorded a net income of Sh58.2 billion compared to Sh47.5 billion in the same period last year.

By 1 month ago

Safaricom posts Sh58.2 billion net income as M-PESA drives growth

Safaricom Kenya has reported a 22.6 per cent year-on-year rise in net income to Sh58.2 billion in the first half of the 2025/2026 financial year.

By 1 month ago

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Survival or strategy? More CEOs set eyes on mergers, acquisitions

The report shows number of business leaders seeking joint ventures has increased in 2025.

By 1 month ago

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New taxes add to trade barriers within EAC, Comesa blocs

Introduction of taxes has been cited by businesses as discriminatory ploys by some countries in the economic blocs to protect their markets.

By 1 month ago

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From Konyagi to onions: How Tanzania unrest puts Sh4.3b Kenya imports at risk

 Tanzania’s imports to Kenya, according to 2022 figures, average Sh4.3 billion a month while the country’s exports to Kenya is approximated at Sh2.7 billion.

By 1 month ago

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From rot to revenue: How farmers are redefining waste into wealth

When most people think about livestock, the first thing that comes to mind is meat. Yet, beyond the steak and stew is some value chain rich with untapped potential.

By 1 month ago

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Saccos target low-end home buyers with new products

KMRC offers loans to financial institutions at single-digit rates, which are then extended to customers seeking to own homes.

By 1 month ago

State housing board hires advisor to help monetise property agreements

The housing board seeks to change its model of selling units, adopting the offtake method common in the Kenyan market among private developers.

By 1 month ago

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Green buildings: Here are the real costs, rules of sustainability

As the climate change discourse rages on, in the real estate spaces, a major concern has been the cost of putting up a green development.

By 1 month ago

Mi Vida Homes management buys out the developer's owners

A statement from Mi Vida Homes indicated that the developer has reached a share purchase agreement for a management-led buyout of the business from Actis, a private equity fund.

By 1 month ago

KEBS ramps up partnerships to boost quality and safety

KEBS is doubling on strategic partnerships to enhance product quality and safety across the market.

By 2 months ago

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Inside government's Sh4 trillion infrastructure overhaul plan

The government is set to table a Bill in Parliament to establish the National Infrastructure Fund, a key initiative by President Ruto aimed at mobilising Sh4 trillion for development projects.

By 2 months ago

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Manufacturers borrow Sh17b more on low interest market

A relaxed monetary policy saw manufacturers borrow Sh17.2 billion more in the second quarter of this year, even as growth in the sector slowed down compared to the same period in 2024.

By 2 months ago

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Ruto: Unite Africa through a common digital market

President William Ruto is advocating for the adoption of a single digital market within the Comesa, aimed at boosting the region’s global competitiveness.

By 2 months ago