Economy
The busiest chicken outlet served more than 100 meals a day. The top spender on the app spent Ksh. 1.8 million in Uber Eats orders.
6 days ago
Gov't backs insurance sector growth as Sanlam Kenya rebrands
Sanlam Kenya Plc, listed on the Nairobi Securities Exchange as SLAM, has formally rebranded to Sanlam Allianz Holdings Kenya PLC.The transition follows the recent joint venture between Sanlam and Allianz, creating SanlamAllianz, now Africa’s largest non-banking financial services provider, backed by...
World Bank revises Kenya’s growth outlook upwards to 4.9%
The latest Kenya Economic Update Report by the World Bank reveals that the country’s economy is performing better than previously expected.The country’s growth outlook for 2025 now stands at 4.9 percent, an upward revision of the Bank’s own projection in May of 4.5 pe...
New digital tool launched to track Kenya’s real-time public debt
IEA says the tool is designed to give the public clearer insight into the country’s finances at a time when transparency is increasingly in question.According to the platform, Kenya’s total debt has surpassed Ksh.12 trillion, split between Ksh.6.58 trillion in domestic borrowing and Ksh.5.5 trillion...
Safaricom launches record Ksh.40 billion corporate bond
Analysts say the move reflects a broader shift, with more companies turning to bonds as they seek stable and predictable financing for growth.
CMA fines audit firm EY Ksh.10M over misrepresentation of 2014 Uchumi financials
The issue dates back to 2014, when Uchumi Supermarkets carried out a rights issue using financial statements prepared with EY as the reporting accountants.A year later, in 2015, the CMA launched an inquiry and found major misrepresentations in those statements.
Ruto faults imbalance in tax payments from MSMEs as KRA targets more remittances
President Ruto noted that MSMEs contribute 33% of Kenya’s GDP and employ close to 15 million people, translating to 86% of the national workforce, yet they account for just 1% of tax revenue.
Kenya to target a budget deficit of 4.9% of GDP in 2026/27
Kenya has been struggling with heavy debt repayments in recent years after it ramped up borrowing in the period since 2013 to fund infrastructure projects, forcing the government to try to maintain a fiscal consolidation path.
Kenya Power says Ksh.3.5 billion contracts awarded to youth, women and PWDs
Youth, Women and PWDs are identified as special bidder categories under the Access to Government Procurement Opportunities (AGPO) framework.