Maize Production Dips, Pushing Flour Prices Up
The production of millet, potatoes and maize fell short of 2023 levels last year, creating the prospect of price increases before the harvest season expected this month in some parts [...]
Sanlam Kenya’s Stock Falls 43% as Shareholders Face 77% Dilution
When Sanlam Kenya Plc announced plans for a KSh 2.5 billion rights issue on April 3, 2025, its stock price surged to a post-announcement high of KSh 10.35 — an [...]
Safaricom's Balance Sheet Takes KSh 111Bn Hit as FX Losses Bite
Safaricom PLC has posted a net profit of KSh 69.8 billion and maintained a KSh 48.08B dividend, but its total equity fell by KSh 111.7B (–33.3%), from KSh 335.7B in [...]Dangote-Backed Travel Firm Acquires Kenya's Oldest Tour Company
Africa Travel Investments, a tourism investment firm backed by Africa’s richest man — Aliko Dangote — has acquired Kenya's oldest tour company Pollman’s Tours and Safaris. “With regard to the [...]Wage Growth Outpaces Inflation as Kenya's Labour Market Adds 782,000
Kenya’s labour market expanded in 2024 with the creation of 782,300 new jobs, mainly in the informal sector, according to provisional data from the Economic Survey 2025 by the Kenya [...]Government Rakes in KSh 154 Bn from Mining Licences
The issuance of mining licenses accounted for the largest share of income to the mining sector, contributing KSh 154 Billion ofKSh 223.6 billionthe sectorgeneratedin 2024. According to KNBS' Economic Survey [...]Court Affirms Brew Bistro's Ownership of Fortis Towers Rooftop
A court ruling has ruled that Brew Bistro's parent company, Five Breweries Ltd., is the lawful owner of the rooftop space of Fortis Towers in Westlands— adding that the popular [...]Slow Down in Private Sector Activity Costs KRA Revenue Target
The Kenya Revenue Authority (KRA) narrowly missed its revenue target of KSh 2.189 Trillion after collecting KSh 2.112 Trillion as of 30th April, 2025. Kenya's GDP grew at a slower [...]Nairobi County Assembly Faces Scrutiny Over Millions in Unverified Legal Fees
The Nairobi County Assembly finds itself under the gimlet eyes of the Auditor-General after it was discovered that it had frittered away more than KSh 67 million in legal payments [...]Banks Hold 77% of KSh 4.3Bn Unclaimed Assets
Majority of unclaimed assets rest with Kenya’s banking sector at KSh 3.3 billion in 2024, a slight decrease from KSh 3.4 billion held by the institutions a year earlier, the [...]Kisumu Governor Opposes Privatisation of Sugar Mills
The Kisumu County Government led by Governor Anyang’ Nyong’o is pushing back against the national government's move to lease Chemelil and Muhoroni sugar mills, citing legal violations and the threat [...]Kenya’s GDP Growth Slows to Weakest Pace Since 2013
Kenya’s GDP expanded by 4.7% in 2024, a slowdown from 5.7% in 2023, as global headwinds, tight financial conditions, and easing post-pandemic momentum shaped economic activity. Nominal GDP reached KSh [...]
