BUSINESS NEWS
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Kenya's export sector, particularly textiles and agriculture, is bracing for significant challenges following the imposition of a 10% tariff on Kenyan goods by the United States, effective last Wednesday. The move threatens an industry employing approximately 180,000 Kenyans, both directly and…
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Kenya's National Assembly is considering a groundbreaking initiative to incorporate social media discussions into the public participation process for budget formulation. This move comes as the country grapples with potential new tax measures to support the ambitious Sh4.26 trillion budget for…
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The Nairobi Securities Exchange (NSE) is embarking on an ambitious strategic plan for 2025-2029, seeking to inject new vitality into Kenya's capital markets. The exchange aims to attract nine million local retail investors and facilitate the listing of 40 companies over the next five years,…
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The United States has escalated its trade dispute with Kenya by implementing a 10 percent reciprocal tariff on Kenyan exportsPresident Donald Trump has initiated the move in response to alleged trade barriers. The decision, effective immediately, follows a report by US Trade Representative Jamieson…
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President Donald Trump's administration has implemented a 10% reciprocal tariff on all goods imported from Kenya. Announced from the White House Rose Garden and dubbed "Liberation Day," the tariff is part of a broader strategy aimed at addressing perceived unfair trade practices, particularly…
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Rabbit farming is rapidly gaining traction as a viable and sustainable livelihood option in Mombasa County, Kenya, the nation's smallest county by landmass.
Approximately 10,000 farmers are now engaged in cuniculture, drawn to its cost-effectiveness and potential for economic empowerment. Justin…
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In Kibera, Kenya, the fintech platform Afribit is pioneering a novel approach to waste management and financial inclusion by utilizing Bitcoin as a payment system.
The initiative addresses both the severe waste disposal challenges within the slum and the financial exclusion faced by many residents…
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Kenya aims to generate one million jobs within two years through a new initiative establishing Digital Media Factories (DMFs) across the country.
Senior Advisor in the Council of Economic Advisors, Moses Kuria, launched the first DMF at Posta House in Nairobi, outlining a strategy designed to boost…
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As Kenya grapples with sluggish growth in its manufacturing sector and explores ways to diversify its economic drivers, tourism has emerged as a promising alternative, garnering support from economic experts and industry leaders.
The discussion, gaining momentum in recent forums, suggests a…
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Kenya’s avocado industry is experiencing rapid growth, transforming the economic landscape for smallholder farmers as global demand for the fruit surges.
In 2024, avocado exports generated $159 million in revenue, an 11% increase from the previous year, reflecting the escalating value of this…