The fast rising African ecommerce platform Ivotia has settled on Kenya as the ideal ground from which to launch its continental brand. The decision came after months of deliberation on whether to introduce Ivotia into Alkebulan through East Africa or South Africa. Kenya ultimately prevailed, owing to its favourable business environment
Business
Kenya’s Economy Grows 5.3% in Q1 2026, Says KNBS
Kenya's economy experienced an impressive growth of 5.3% in the first quarter of 2026, up from 4.9% during the same period in 2025, as reported by the Kenya National Bureau of Statistics (KNBS) in their latest Quarterly Gross Domestic Product (GDP) Report.This positive data from KNBS indicates a robust economic
Experts Urge Kenya to End Wasteful Budget Allocations to Ministries and Counties
Financial professionals advocate for the government to reconsider allocating billions of shillings to ministries and counties that lack the capacity to effectively utilize these funds. This practice leads to wasteful supplementary budgets, hampers development projects, and diminishes value for taxpayers, experts emphasize.During a post-budget public finance discussion hosted by the
Kenya, EU Launch Strategy to Double Trade and Investment in Five Years
Kenya and the European Union have launched an exciting initiative aimed at doubling trade and investment values between them over the next five years. This ambitious goal builds on the positive momentum created by the Kenya-European Union Economic Partnership Agreement (EPA), which went into effect in July 2024 and has
Kenya Sells 15% Safaricom Stake as Vodafone Takes Majority Control
The Kenyan government’s decision to sell a 15 percent stake in Safaricom has initiated one of the most significant shifts in ownership for East Africa’s leading telecommunications company. While this move has sparked discussions about the state’s diminished shareholding, it also raises an important question for millions of Safaricom customers
Mbadi Announces Six-Month Tax Amnesty for KRA Arrears
Treasury Cabinet Secretary John Mbadi has launched an exciting six-month tax amnesty for taxpayers with outstanding tax arrears. This initiative permits individuals to clear their principal tax without worrying about accumulated penalties and interest.In a recent interview with a local TV station on Wednesday, July 1, 2026, Mbadi elaborated on
Nyeri Farmers Thrive Through Organic Farming and Eco-Friendly Food Production
A year ago, a group of Nyeri residents united with a clear mission: to grow healthy food while caring for the environment. Now known as Nyeri Organic Herbs and Eco-fuel Enterprise (Nohefe), they embraced organic farming after training in agroecology, inspired by the harmful effects of agrochemicals on health
Kenya Tourism Contributed Sh1.6 Trillion to Economy in 2025, Supporting 1.8 Million Jobs
The travel and tourism sector contributed a remarkable Sh1.6 trillion to Kenya's economy last year, highlighting its vital role in economic growth. This marks a significant increase from Sh1.2 trillion the previous year, showcasing a 10% year-on-year growth as Kenya capitalized on a robust global travel trend, even in the
Kenya Raises KSh35.74 Billion as 91-Day Treasury Bills Attract Massive Investor Demand
The government successfully raised Ksh35.74 billion in the recent Treasury bills auction, attracting bids of Ksh48.98 billion against an offer of Ksh24 billion, as reported by the Central Bank of Kenya (CBK) on June 18, 2026.This auction featured 91-day, 182-day, and 364-day Treasury bills dated June 22, 2026, showcasing a
World Bank Warns of Rising Fuel & Living Costs in Kenya
Kenyan households may soon face rising living costs if global oil prices stay high, as the World Bank warns of potential energy disruptions pushing commodity prices up in 2026.According to the latest Global Economic Prospects report, oil prices could reach Ksh12,000 per barrel in 2026 due to geopolitical tensions and