- The estimated cost to rebuild Ukraine's economy after Russia's invasion has risen to $524 billion (Ksh.67.8 trillion), nearly three times its expected 2024 economic output, the World Bank, United Nations, European Commission and the Ukrainian government found.
- Digital credit provider Jijenge Credit is set to increase its loan sizes and expand into new markets, including Thika and Kitengela, to meet the growing demand for small business funding.
- The Kenya Transmission Company (KETRACO) says it is in the advanced stages of negotiating a public-private partnership with pan-African infrastructure investor Africa50.
- Motorists may have to dig deeper into their pockets to use major roads in the country from May this year if the government's plan to introduce toll charges on highways moves forward.
- Kenya is positioning itself as a key player in Africa’s air cargo and logistics sector, with industry leaders emphasizing infrastructure development, digital innovation, and strategic partnerships.
- Kenya Airways (KQ) has strengthened its fleet with the acquisition of a Boeing 737- 800 with a capacity of 170, bringing its total number of planes to 35.
- The Kenyan tourism sector in 2024 recorded a whopping 2.4 million foreign visitors, marking the highest number of international arrivals for the country.
- CIC Asset Management (CICAM), a subsidiary of CIC Group has launched an upgraded CIC Invest App, setting a new benchmark in Kenya’s digital investment landscape.
- Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry.
- The Unclaimed Financial Assets Authority (UFAA) is calling on owners of unclaimed financial assets like money and shares to come forward and claim their monies.
- The Air Cargo and Transport Logistics Africa 2025 conference, set for February 19 to 21 in Nairobi is expected to attract more than 2,000 industry professionals and 60 exhibitors from across the globe.
- From sizing advice via selfies to robot stock-takers, online shopping behemoths have increasingly turned to artificial intelligence in a bid to stem the flow of bad-for-business clothes returns.
- Global communications group Havas has launched Havas Play, its platform for connecting brands to fans, in Africa to drive business growth for brands on the continent.
- In what appears to be a move to disrupt the mobile money scene, telco service provider Airtel has unveiled a raft of measures aimed at enticing customers.
- Qatar Airways Cargo has transported 1,600 tonnes of flowers, equivalent to 25 million fresh-cut Kenyan red roses, on its Nairobi-Doha and Liège routes in time for Valentine’s Day.
- The Kenya Chamber of Commerce and Industry (KNCCI) has welcomed the government’s decision to settle outstanding verified pending bills owed to contractors and service providers.
- Nine women-led small and medium-sized enterprises (SMEs) are among 50 companies from Africa and Asia on a trade mission in Manchester, United Kingdom, to network and widen Kenyan products’ overseas market.
- The Central Bank of Kenya (CBK) was awarded for the new banknotes released in August 2024 at the High Security Printing – Europe, Middle East and Africa (HSP-EMEA) Conference for 2025 in Basel, Switzerland.
- Climate change drove weeks of crop-withering temperatures last year in the West African countries that underpin the world's chocolate supply, hitting harvests and likely further stoking record prices, researchers said Wednesday.
- Kenyan motorists should brace for higher fuel prices after the Energy and Petroleum Regulatory Authority (EPRA) signalled an impending hike in pump prices come February 14, 2025.
- 78 per cent of Kenyans have reported lower incomes in 2024 than a year ago, highlighting the dire economic situation facing the workforce across the country.
- This initiative aims to connect Kenyan businesses with their European counterparts, fostering valuable business relationships and potential collaborations.
- Samsung Electronics East Africa, in collaboration with Rudra Mobile, has announced the launch of a new Samsung Experience Store (SES) at Rupa Mall in Eldoret, Uasin Gishu County.
- The Kenya Revenue Authority's Customs and Border Control has recorded a historic monthly collection of Ksh.82.55 billion in January 2025, marking a milestone in the history of customs tax revenues.
- Commercial banks that fail to comply with the Central Bank of Kenya (CBK) lending guidelines now risk penalties of up to three times their profits. This comes as CBK moves to accelerate the reduction of lending rates, following its continued monetary easing measures.
- CPF Capital & Advisory Ltd., a subsidiary of CPF Group, has signed an agreement with US infrastructure investments manager Everstrong Capital to lead the fundraising efforts for the Usahihi Expressway Project, targeting USD 1 billion (Ksh.128 billion) through the PACK Hunters Club (PHC).
- The government is considering the option of listing the Kenya Pipeline Company (KPC) on the Nairobi Stock Exchange (NSE) through an Initial Public Offering (IPO), Treasury Cabinet Secretary John Mbadi revealed.
- Absa Bank Kenya has been certified as Africa’s top employer by the prestigious Top Employer Institute for the fourth consecutive year, cementing its position as a home of talent in the financial services sector.
- 60% of Kenyan businesses do not expect to grow their workforce in 2025, reflecting a more pessimistic outlook for the year, raising concerns about unemployment levels, as slow job creation could further strain an already struggling labor market.
- The Kenya Revenue Authority (KRA) received over 800 anonymous tips related to tax evasion in 2024, leading to the recovery of over Ksh.4.3 billion, according to KRA Board Chairperson Nderitu Muriithi.
- Vivo Energy has responded to a viral video by content creator Tanuki Garage, who tested fuel quality at various petrol stations in Nairobi, raising concerns about Shell V-Power.
- The European bottling unit of Coca-Cola said Monday that it had ordered a major recall of Coke, Sprite and other beverages after detecting high levels of chlorate, which poses potential health risks.
- Insurance provider First Assurance has partnered with the Institute of Certified Public Accountants of Kenya (ICPAK) to boost penetration among the professional body’s members.
- Analysis of land and property prices in and around Nairobi done by real estate firm HassConsult in the fourth quarter of 2024 found that the tough economic environment has impacted the real estate sector.
- The Kenya Investment Authority (KenInvest) and the Kenya Private Sector Alliance (KEPSA) have announced a strategic partnership to enhance Kenya's business environment.
- Convinced that this was a good deal, Shah proceeded to deliver Ksh.102,437,500 in the hope that his friends Nic and Boytorun would be getting the US dollar equivalent at a good rate, better than what the official channels would offer.
- Research on Gen Z food choices has forced Weetabix East Africa to reposition its flagship biscuit as an ‘anytime’ food that can be consumed as a meal, snack, or dessert, a ready-to-eat cereal at any time of day, including for lunch or dinner.
- Kenya's statistics office will begin publishing core inflation data to help monetary authorities to better predict the impact of their interest rate decisions on the economy, officials said on Tuesday.
