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KTDA leadership feud sparks farmer livelihood fears

KTDA's decisions affect the livelihoods of several hundred thousand farming households and, indirectly, millions of dependents in Kenya's tea-growing regions.

By Brian Ngugi 5 days ago

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KRA races to raise Sh282b a month to hit target by June next year

KRA must collect Sh282.25 billion monthly from November to June to meet its Sh3.268 trillion revenue target.

By Brian Ngugi 7 days ago

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Rising costs hit Kenyan companies, consumer wallets

Kenyan businesses are experiencing renewed demand, but rising fuel, transport and input costs are squeezing profits and consumers' purchasing power.

By Brian Ngugi 8 days ago

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How KRA revenue misses may force more borrowing in Ruto's final budget

That shortfall comes at a time the government already spends nearly half of its ordinary revenue servicing debt and pensions

By Brian Ngugi 9 days ago

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Treasury: 2027 election uncertainty may spook investors, slow credit growth

Treasury warns that uncertainty surrounding the 2027 General Election could undermine investor confidence, slow private sector lending and weigh on Kenya’s economic growth.

By Brian Ngugi 10 days ago

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Booming digital credit triggers fresh push for fraud control

Digital lenders are strengthening identity verification and fraud detection systems as mobile credit usage in Kenya rises to 91 per cent.

By Brian Ngugi 10 days ago

Co-op Bank hands over Sh102m refurbished orthopaedic wards to KNH

Co-operative Bank of Kenya has completed the reconstruction and equipping of three orthopaedic wards at Kenyatta National Hospital in Nairobi at Sh102 million.

By Brian Ngugi 10 days ago

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IMF asks Kenya to broaden tax base ahead of December talks

The IMF has urged Kenya to widen its tax base, reduce exemptions and improve compliance instead of raising tax rates amid mounting debt and cost-of-living pressures.

By Brian Ngugi 11 days ago

Kingdom Bank completes core banking rollout with 30th branch

Kingdom Bank has opened a new branch on Wabera Street in Nairobi's central business district.

By Brian Ngugi 11 days ago

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Cost of living crisis deepens as inflation hits 7.3pc ahead of polls

Kenya’s cost of living crisis deepened in October, with annual inflation accelerating to 7.3 per cent from 6.8 per cent in September, official data showed on Friday.

By Brian Ngugi 13 days ago

US firm edges closer to coveted Mrima Hill mineral deposits

Mrima Hill is not just a mining prospect. It is also a protected national forest and a sacred site for the Mijikenda and Digo communities, who have vowed to defend its shrines.

By Brian Ngugi 13 days ago

Afreximbank backs buyout of Oryx Energies

Afreximbank has disbursed a Sh126 billion ($975 million) financing facility to part-fund the management buyout of Oryx Energies SA, the holding company of Addax Energy SA.

By Brian Ngugi 14 days ago

Co-op Bank dominates TikTok race as Gen Zs abandon traditional branches

Co-operative Bank of Kenya (Co-op Bank) has cemented its position as the country’s most visible lender on social media, according to new industry data.

By Brian Ngugi 16 days ago

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How President Ruto has piled up debt in race to complete legacy projects

Ruto’s mega infrastructure projects face scrutiny over rising costs, opaque financing and mounting public debt.

By Brian Ngugi 17 days ago

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Public debt hits 13.48 trillion a few months to 2027 polls

Kenya’s public debt hit Sh13.475 trillion in August 2026, intensifying concerns over debt repayments and borrowing ahead of the 2027 elections.

By Brian Ngugi 17 days ago

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The fatal legal blind spot that cost Kakuzi prime Makuyu golf land

For over two decades, Murang'a-based agricultural giant Kakuzi Plc and community golf club Makuyu Club have faced off in a contest worthy of a Masters final round.

By Brian Ngugi 19 days ago

China's envoy in Kenya says Taiwan reunification 'will surely' happen

China's ambassador to Kenya, Guo Haiyan, said on Friday that Taiwan's reunification with the Chinese mainland is inevitable.

By Brian Ngugi 21 days ago

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Slash cost of doing business, CEOs urge government

CEOs called for expanded access to affordable credit through lower lending rates, simpler loan requirements and flexible repayment terms, particularly for small and medium-sized enterprises.

By Brian Ngugi 22 days ago

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Dangote buys 25pc of Kenya Pipeline for Sh42.5b

Dangote, founder and chief executive of Dangote Industries Ltd, disclosed the deal at an event in London on Wednesday, according to Bloomberg.

By Brian Ngugi 22 days ago

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Inside Treasury's calculation on Ruto's stamp duty waiver

President William Ruto’s plan to scrap stamp duty on land transactions valued at Sh1 million or less could save ordinary buyers up to Sh40,000 per deal.

By Brian Ngugi 22 days ago

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From broken promises to high cost of living and failed reforms: The making of Ruto's scorecard

A year after Ruto’s Mashujaa Day pledges, Kenya faces worsening hunger, rising living costs and persistent gaps in infrastructure, education and healthcare.

By Brian Ngugi 24 days ago

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Broke at 60: Why most workers beg in retirement

Only 29 per cent of Kenyan workers feel prepared for retirement, with family expenses, debt and irregular incomes undermining savings.

By Brian Ngugi 24 days ago

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Treasury seeks disposal of old cars, furniture in hunt for cash

The Treasury has ordered public entities to auction obsolete vehicles, furniture and equipment as the government seeks cash amid rising public debt.

By Brian Ngugi 24 days ago

Kenyatta, Ndegwa dynasties cash out as Nedbank completes Sh109.6 billion NCBA takeover

Nedbank Group has completed its Sh109.6 billion takeover of Kenya's NCBA Group, marking the end of an era for one of most prominent banking institutions.

By Brian Ngugi 24 days ago

Co-op Bank wins Water Finance Award as funding gap endures

The recognition comes even as the water sector in the country grapples with losses of nearly half its treated supply and a financing shortfall of roughly Sh466 billion.

By Brian Ngugi 26 days ago

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Broken promise: Double-digit pump price hikes push Kenya's inflation to the brink

President William Ruto's pledge to shield Kenyans from the global oil shock has collapsed after the energy regulator imposed double-digit fuel price increases.

By Brian Ngugi 27 days ago

Tourism Ministry, Centum bank on Sh130m drive to transform Mt Kenya into global adventure destination

The partnership follows a series of engagements with the Magical Kenya rebranding task force, exploring ways to strengthen Kenya's international tourism positioning.

By Brian Ngugi 27 days ago

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SBM Bank posts Sh591m profit on 33pc income growth

SBM Bank Kenya’s net profit rose to Sh591 million in the first nine months of 2026, supported by higher income, improved loan quality and cost controls.

By Brian Ngugi 28 days ago

Kenya's Sh5.2bn drug plant takes centre stage at Nigeria investment summit

A planned Sh5.2 billion Kenyan medicine factory in Kisumu County is one of the flagship projects seeking funding at a major African investment conference in Calabar, Nigeria.

By Brian Ngugi 29 days ago

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Japan's Sh2 billion bet on Kenya's hygiene market

Japanese firms Unicharm and Toyota Tsusho, alongside CFAO Kenya, have launched a Sh2 billion venture to manufacture and sell sanitary pads and disposable diapers in Kenya.

By Brian Ngugi 29 days ago

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Sh45b shareholder loan: Inside Kenya Airways advanced investor talks

Kenya Airways is courting investors after a Sh45 billion bailout, but critics warn its turnaround plan lacks a clear growth strategy.

By Brian Ngugi 30 days ago

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Kenya Airways to spend Sh45b bailout on grounded jet repairs

Kenya Airways’ Sh45 billion bailout will fund aircraft repairs rather than fleet expansion.

By Brian Ngugi 1 month ago

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Of VAT and fuel; Inside William Ruto's gamble to keep pump prices low

President William Ruto’s embattled government has introduced legislation to extend the temporary relief on petroleum products by another three months.

By Brian Ngugi 1 month ago

Afreximbank says Dangote refinery key to conserving Kenya's foreign reserves

The refinery demonstrates Africa's capacity to conceive, finance and build major industrial assets that respond directly to the needs of our economies.

By Brian Ngugi 1 month ago

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CBK defies inflation concerns to hold key lending rate at 8.75 per cent

The CBK has kept its benchmark rate at 8.75 per cent as it balances rising inflation and global risks against the need to support economic growth and affordable credit.

By Brian Ngugi 1 month ago

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IFC backs Quickmart IPO with Sh1.9bn investor commitment

The International Finance Corporation has moved early to lock in a cornerstone stake in Quickmart, committing approximately Sh1.94 billion to the IPO as the share sale opened on Monday.

By Brian Ngugi 1 month ago

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Kenyans can now buy into Dangote's Sh207 billion IPO after CMA nod

The move marks the first transaction of its kind since Kenya issued its Policy Guidance Note on Global Depositary Receipts and Global Depositary Notes

By Brian Ngugi 1 month ago

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World Bank tips Kenya on jobs to reverse flagging economic fortunes

Roughly one million Kenyans enter the labour market each year, but only about 100,000 are absorbed into formal jobs.

By Brian Ngugi 1 month ago

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New US envoy set to land in Nairobi, finds packed in-tray as 2027 campaigns heat up

Henry Wooster lands at a delicate moment as political campaigns heat up ahead of Kenya's August 2027 general election.

By Brian Ngugi 1 month ago

Afreximbank chief calls for reform of global financial architecture

Afreximbank President George Elombi has called for reforms to the global financial system, arguing that credit-rating rules unfairly disadvantage African-owned institutions.

By Brian Ngugi 1 month ago