Two and a half years into his presidency, President William Ruto’s administration has made significant strides in fulfilling the promises laid out in the Bottom-Up Economic Transformation Agenda (BETA) 2022-2027. …
Business
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BusinessNews
Saccos, Betting Firms, and Charities Face New Scrutiny in Anti-Money Lundering Drive
by Editorby EditorKenya is tightening its grip on illicit financial activities with the proposed Anti-Money Laundering and Combating Terrorism Financing Laws (Amendment) Bill, 2025. This move aims to strengthen oversight and improve …
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BusinessNews
How the Central Bank of Kenya Raised Sh35.2 Billion Through a 25-Year Bond Auction
by Editorby EditorThe Central Bank of Kenya (CBK) has successfully raised Sh35.2 billion from a reopened 25-year bond, surpassing its target of Sh25 billion, highlighting strong investor demand for long-term securities amid …
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Business
CS Lee Kinyanjui: Overreliance on imports undermining Kenya’s food security
by Editorby EditorKenya’s dependence on food imports continues to strain the country’s food security and contribute to economic deficits, according to Investments, Trade, and Industry Cabinet Secretary Lee Kinyanjui. Speaking on Spice …
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The Competition Authority of Kenya (CAK) has cautioned mobile phone retailers against misrepresenting refurbished devices as brand new, stressing that the practice is illegal and violates consumer protection laws. Mugambi …
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In a bold move to strengthen its retail banking presence, I&M Bank Kenya has announced plans to open at least nine new branches across the country within the current quarter. …
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BusinessNews
Nairobi County Assembly Proposes Number Plates for Wheelbarrows and Carts to Curb Congestion in CBD
by Editorby EditorIn a bid to streamline traffic flow and enhance safety, the Nairobi County Assembly is considering a bold new measure: the introduction of number plates for non-motorised transport. This plan, …
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BusinessNews
How Government Targets Tripling Coffee Production to 150,000 Metric Tons by 2028
by Editorby EditorThe Kenyan government has unveiled an ambitious plan to scale up the country’s coffee production from the current 50,000 metric tons to 150,000 metric tons by 2028. Cooperatives, Micro, Small, …
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BusinessNews
Sh9.46 Billion Investment to Boost Livestock Production and Rural Incomes in Kenya
by Editorby EditorThe Kenyan government, in collaboration with international partners, has launched a Sh9.46 billion initiative to support 110,000 small-scale farming households across 10 counties. The six-year Kenya Livestock Commercialization Project (KeLCoP), …
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Unga Group, a leading animal and human food processor, has reported a net profit of Ksh 82.17 million for the six months ending December 2024, marking its first profit in …