In a significant boost to homeownership among low-income and informal sector workers, Kenya has secured Sh559.60 million (€4.0 million) from the World Bank Group to establish a credit guarantee scheme …
Business
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The government has postponed the launch of 4,888 housing units under the Affordable Housing Programme (AHP) to May, after failing to meet the initial deadline of opening them for low-income …
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Business
Kenya’s E-Mobility Sector Expands Amid Global Surge in Electric Vehicle Sales
by Editorby EditorThe transition to electric mobility is gaining momentum globally, fueled by climate action commitments and a growing demand for sustainable transport solutions. A recent report highlights a sharp rise in …
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BusinessNews
Savers with Multiple Bank Accounts Set for Full Compensation Under New Law
by Editorby EditorSavers with multiple accounts in collapsed banks could soon receive full compensation for each account they hold, should proposed amendments to the Kenya Deposit Insurance Corporation (KDIC) Act be enacted. …
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The Sudanese Embassy in Nairobi has rejected President William Ruto’s assertion that Kenya continues to export products, including tea, to Sudan despite the trade suspension. In a statement issued on …
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Business
Equity Bank Deploys AI to Curb Fraud, CEO Mwangi Declares ‘One Fraud is Too Many’
by Editorby EditorEquity Group has embraced artificial intelligence (AI) as part of its strategy to combat fraud, complementing its collaborations with the Communications Authority and the Directorate of Criminal Investigations (DCI). The …
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Business
Kenya Power Triples Electricity Sales to Tanzania as Cross-Border Trade Expands
by Editorby EditorKenya Power significantly increased its electricity exports to Tanzania in January 2025, just a month after cross-border electricity trade between the two nations commenced. According to data from the Kenya …
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BusinessNewsTechWorld
Kenya Commissions Eco-Friendly Steam Timber Treatment Plant in Dandora
by Editorby EditorIn a major step toward sustainable industrialization, Kenya has commissioned a state-of-the-art steam timber treatment plant in Dandora. The initiative, spearheaded by the Kenya Development Corporation (KDC), marks a significant …
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Farmers across the country have been assured of adequate fertilizer supply despite concerns that stocked fertilizers at national cereal boards may not fully meet the high demand. National Fertilizer Technical …
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Business
Nairobi Construction approvals drop to Two-Year low amid Zoning Uncertainty
by Editorby EditorThe value of approved building projects in Nairobi fell sharply to Ksh8.6 billion in January 2025, marking the lowest level in nearly two years, according to data from the Kenya …