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 [...]
Kenyan Banks Lead East Africa in Sustainable Banking- WWF Report
Kenyan banks scored an average of 43.7% in the WWF’s inaugural 2024 Sustainable Banking Assessment (SUSBA), second only to South Africa’s 50.1% among 25 banks surveyed across eight African countries. [...]Stanbic Bank Kenya Posts 16.6% Dip in Profits in Q1
Stanbic Bank Kenya, which once again maintained its tradition as the first bank to release earnings, reported a 16.6% drop in net profit for Q1 2025 to KSh 3.33 billion, [...]DRC Boosts Export Market as Kenya-Africa Trade Dips 2.2%
The Democratic Republic of Congo (DRC) was Kenya's fastest growing export market in the region in 2024, in a year when Kenya’s trade relations with Africa underwent notable shifts. The [...]Credit to Manufacturing Sector Drops to KSh 563Bn
In 2024, total approved credit to the manufacturing sector dropped to KSh 563.0 billion, according to the latest Economic Survey by the Kenya National Bureau of Statistics (KNBS). Manufacturing now accounts [...]SGR Revenue Up Despite Dip in Passenger Numbers
Passenger revenue from the Standard Gauge Railway (SGR) increased by 39.4% to KSh 4.1 billion despite fewer people opting for the means of transport last year. The decrease in MGR [...]Live Garden Ant Traffickers Sentenced to 1 Year Jail Term or KSh 1.2mn Fine
Two Belgian nationals, Lornoy David and Seppe Lodewijckx, Vietnamese citizen Duh Hung, and Kenyan national Dennis Ng’ang’a have been convicted and sentenced at the JKIA Law Courts for violating the [...]
