President Ruto shares a light moment with Guinea Bissau’s Embalo and Ghana’s John Mahama at the AU’s 38th Assembly in Addis Ababa. [PCS] African leaders have continued to endorse a new initiative to overhaul outdated, selfish, and Western-centred global financial, health and development models that try to recolonise the continent. Through an initiative, dubbed the Accra Reset, a global south–anchored platform that calls for a fundamental re-engineering of international development, global governance, and financing models, the leaders led by Ghanaian President John Dramani Mahama plan to transform the continent’s financial architecture. Unlock the Full Story — Join Thousands of Informed…
Author: By Graham Kajilwa
National Treasury PS Chris Kiptoo before the National Assembly Special Funds Accounts Committee at Bunge Towers, Nairobi, on November 11, 2025. [Elvis Ogina, Standard] The government plans to shift some costly infrastructure projects to the private sector to reduce pressure on the country’s debt obligations. Uncover the stories others won’t tell. Subscribe now for exclusive access Support Bold Journalism Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; }…
National Treasury PS Chris Kiptoo before the National Assembly Special Funds Accounts Committee at Bunge Towers, Nairobi, on November 11, 2025. [Elvis Ogina, Standard] The government plans to shift some costly infrastructure projects to the private sector to reduce pressure on the country’s debt obligations. Uncover the stories others won’t tell. Subscribe now for exclusive access Support Bold Journalism Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; }…
Treasury CS John Mbadi (second left) receives National Student Budget Forum FY 2026/27 from the National Students Budget Chairman Solomon Oketch at the Treasury Building, Nairobi, on December 18, 2025. [Elvis Ogina, Standard] National Treasury Cabinet Secretary John Mbadi has strongly defended the Cabinet’s proposal to form a limited liability company to hold the National Infrastructure Fund, denying claims that public money would be directed to a private entity. Unlock the Full Story — Join Thousands of Informed Kenyans Today Support Bold Journalism Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel…
Insurance firms are warming up to adoption of Artificial Intelligence (AI) in delivery of service as the technology becomes critical in their business. AI and Internet of Things (IoT) are the go-to technologies in this space. Such has seen life policy provider Pioneer launching an AI and IoT transformation program in service delivery to clients. Follow The Standard channel on WhatsApp The move is part of the insurer’s strategic plan for its centennial celebrations as it moves to hit a hundred years since inception. Group Managing Director David Rono said the AI and IoT is one way of making insurance…
Kuscco Housing in Kitengela. [File, Standard] Razor-thin margins on the Kenya Mortgage Refinance Company (KMRC) backed loans have made Savings and Credit Cooperative Societies (Saccos) uninterested in extending credit to their members. Bold Journalism Builds Kenya. Stand With Credible Reporting Support Bold Journalism Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd =…
President William Ruto at Ngarachi Comprehensive School in Laikipia west during the beginning of his tour of the Mt. Kenya region on April 1,2025.[FILE,Standard] The idea of a National Infrastructure Fund (NIF) as the magic wand that will transform Kenya into a first-world economy has been criticised by experts who have also questioned the Cabinet’s plan to create a limited liability company to house the Fund. For a country that is evidently struggling economically, with a debt that is inching closer to Sh13 trillion, governance experts argue that such a Fund equates to mortgaging the nation’s assets and taxpayers at…
President William Ruto at Ngarachi Comprehensive School in Laikipia west during the beginning of his tour of the Mt. Kenya region on April 1,2025.[FILE,Standard] The idea of a National Infrastructure Fund (NIF) as the magic wand that will transform Kenya into a first-world economy has been criticised by experts who have also questioned the Cabinet’s plan to create a limited liability company to house the Fund. For a country that is evidently struggling economically, with a debt that is inching closer to Sh13 trillion, governance experts argue that such a Fund equates to mortgaging the nation’s assets and taxpayers at…
President William Ruto at Ngarachi Comprehensive School in Laikipia west during the beginning of his tour of the Mt. Kenya region on April 1,2025.[FILE,Standard] The idea of a National Infrastructure Fund (NIF) as the magic wand that will transform Kenya into a first world economy has been criticised by experts who have also questioned Cabinet’s plan to create a limited liability company to house the Fund. For a country that is evidently struggling economically, with a debt that is inching closer to Sh13 trillion, governance experts argue that such a Fund equates to mortgaging the nation’s assets and taxpayers at…
Global business logistics import export background and container cargo freight ship transport concept. [File, Standard] Kenya is struggling to fully harness the huge benefits of the preferential trade agreements it has signed with various markets, largely because its export portfolio is narrow and dominated by low-value products. According to the Kenya Association of Manufacturers (KAM), many of the country’s exports lack competitiveness on the global stage, in part due to high domestic manufacturing costs that drive up final prices of these products. Bold Stories Shape Kenya. Support Credible Journalism Stand With Bold Journalism 》 Unlimited access to all premium content…
High Voltage power line in Suswa. [Courtesy] Kenya has signed a Sh40.4 billion ($311 million) power transmission deal that will improve electricity supply largely in the Western region through a public private partnership (PPP) deal. The deal will see the construction of two key transmission lines to evacuate renewable power as the country looks to add 10,000 megawatts (MW) to the national grid. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted…
KAM Chairperson Jane Karuku. [David Gichuru, Standard] An unfavourable domestic policy environment might be suffocating Kenya’s export growth, leaving more than Sh670 billion ($5.2 billion) on the table. A report by the Kenya Association of Manufacturers (KAM) analysing the country’s export competitiveness cites several setbacks among them cost of power, poor trade logistics infrastructure and policy gaps. The Kenya Export Competitiveness Study 2025 notes that while merchandise exports have grown in nominal terms, they still remain small relative to the country’s gross domestic product (GDP). This is as export competitiveness is estimated to have declined by about 40 per cent…
Higher Education Loans Board (Helb) Chief Executive Geoffrey Monari. [File, Standard] Higher Education Loans Board (Helb) Chief Executive Geoffrey Monari has been recognised for achieving an unqualified audit opinion from the Auditor General’s office during his time as the CEO of the Universities Fund. The award from the Office of the President and Head of Public Service was in relation to the Auditor General’s opinion for the 2023-24 financial year. Follow The Standard channel on WhatsApp Monari was the founding CEO of the Universities Fund and left the institution in March 2025 to join Helb. The award was presented…
Pension Fund. [Courtesy/GettyImages] For a sector whose assets under management will soon be hitting Sh3 trillion, one intriguing question emerges – where has the pension industry failed in aiding Kenyans to own homes? By June this year, assets under management in the pension industry as regulated by the Retirement Benefits Authority (RBA) stood at Sh2.5 trillion. This figure stood at Sh2.25 trillion in December 2024. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards…
Abubakar Hassan, PS for Investment Promotion, speaks at the Africa Investment Conference 2025. [Wilberforce Okwiri, Standard] The need to unlock locally driven funding models has been emphasised in the Africa Investment Conference (Afic) 2025 where top financial experts and policy leaders called for acceleration of cross-border investment frameworks and strengthening of market cooperation. The intention is to fuel long-term economic growth in the continent. Principal Secretary, State Department for Investment Promotion Abubakar Hassan Abubakar spoke of the need to strengthen Africa’s financial systems. “Africa is at a turning point and for us to compete globally, we must unlock capital within…
In today’s age of chatboxes, ChatGPT and agentic artificial intelligence (AI), there is a major looming fear among business leaders and the workforce alike – of the dying human touch. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd…
Cabinet Secretary for Trade Lee Kinyanjui speaking at the event on Dec 9, 2025. [Graham Kajilwa, Standard] The government announced a new strategy designed to spur domestic pharmaceutical production, aiming to drastically reduce the country’s heavy reliance on imported medicines and medical supplies. This initiative, spearheaded by the Ministry of Investments, Trade, and Industry in collaboration with the Ministry of Health and the Kenya Development Corporation (KDC), addresses long-standing economic vulnerabilities and supply chain fragility. Central to this new push are plans to offer robust incentives, including guaranteed advance contracts for local manufacturers and innovative financial solutions engineered to resolve…
Mrima Hills in Kwale County are believed to contain rare-earth minerals. [File, Standard] A US-backed consortium has proposed a value chain approach in the extraction and development of rare-earth minerals at Kwale County’s Mrima Hills. The consortium, Mrima Earth Ltd, has already engaged the National Mining Corporation (Namico) in its prospect with the aim of offering a different approach in the sector. The consortium, majority-owned by US shareholders and supported by a substantial Kenyan base, is financially backed by leading North American institutional investors as well as a major US strategic partner. Follow The Standard channel on WhatsApp “Breaking from…
Tourism and Wildlife CS Rebecca Miano (third right), Laikipia artist Lentir Maso and Susan Nookisho during Lkereti album launch in Laikipia County, on December 7, 2025. [Wilberforce Okwiri, Standard] The government has emphasised the tourism sector’s potential in job creation, with Tourism and Wildlife Cabinet Secretary Rebecca Miano, noting the workforce extends beyond the three million documented. Speaking at the launch of a week-long tourism exhibition at the Kenyatta International Convention Centre (KICC) on Monday, the CS highlighted the sector’s critical role in growing the country’s Gross Domestic Product (GDP), stating its importance “cannot be understated.” “Tourism adds significantly to…
Treasury CS John Mbadi and Vodacom Group CEO Shameel Joosub after signing a long-term partnership to sale 15 per cent stake in Safaricom shares to Vodacom in Nairobi, on December 4, 2025. [Edward Kiplimo, Standard] The government’s planned sale of a 15 per cent stake of its shareholding in Safaricom to Vodafone Kenya for Sh244.5 billion will help to raise money for critical infrastructure projects. The proceeds of this transaction are expected to be invested in projects around energy, roads, water and airports, which are the key infrastructure outlined in President William Ruto’s plan of turning Kenya into a first-world…
3d illustration of atrium in a shopping mall.[Getty Images] The race to the skies by developers has now seen engineers lobby for local assembly of escalators and elevators. The push has also been informed by the thousands of units under the affordable housing programme (AHP) being constructed by the government across the country, which will also require this critical infrastructure. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber?…
People protest against the administration of US President Donald Trump’s decision to virtually shut down the United States Agency for International Development (USAID) at the US Capitol in Washington, DC, on February 5, 2025.[AFP] Close to Sh40 billion worth of members’ deposits held in Saccos affiliated to implementing agents of foreign aid are at risk following geopolitical shifts in external funding to needy nations such as Kenya. Saccos affiliated to organisations that depend on this stream of funds are said to have been left exposed as countries such as the United States cut back on foreign aid. Uncover the stories…
Kenyans are pessimistic about their own economic well-being, a new report shows, a situation that mirrors their views of the country’s economy. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd – now; var totalSeconds…
During the launch of the 2025 KPMG Africa CEO Outlook report, Diamond Trust Bank (DTB) Kenya Chief Executive Murali Natarajan gave an insight into how corner office executives approach cybersecurity issues in their business. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display…
Mrima Hills in Kwale County. The hills is said to contain rich minerals. [FILE/Standard] The Sh8.1 trillion (USD 62.1 billion) rare earth deposits at Mrima Hills, Kwale County, have once again attracted the interest of another investor seeking a slice of the project. Mrima Hills Consortium, a London-based private company known for the development of rare earth assets, says it has Sh130 billion (USD 1 billion) ready to inject into the project. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa,…
National Taxpayers Association(NTA),unveil taxpayers perception survey report and service charter and Monitoring framework.[Edward Kiplimo,Standard] A majority of Kenyans, six in 10, have never participated in the budget making process in their respective counties or at the national level. This disinterest documented in a new report has been linked to the low levels of tax compliance in the country. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in…
Pension administrators have formed a consortium that will grant them a slice of capital-intensive projects with the aim of providing better returns for their members’ savings. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd…
President William Ruto and his Deputy Kithure Kindiki during the 22nd National Prayer Breakfast at Safari Park Hotel, Nairobi. May 28th,2025. [Elvis Ogina, Standard] Kenya’s tax regime has been criticised in a recent report as regressive, as it disproportionately targets poor individuals, contributing to higher levels of inequality in the country. The report, which reveals that the richest 125 individuals in the country hold more wealth than 43 million people, also found that nearly half of the population live in extreme poverty, below Sh130 per day. .fade-out-overlay { position: absolute; top: -80px; left: 0; width: 100%; height: 60px; z-index: 1;…
DIB Bank Kenya Head of Treasury and Representing the CEO’s Office Ms Mary Kanuku (Center), DIB Bank Kenya Banda Street Branch Manager Mohamud Maalim Adan (Left) and Corporate Customer Ahmed Abdikadir (Right) during the customer engagement session held at the DIB Bank Kenya Banda Street. [File, Standard] Dubai Islamic Bank (DIB) has launched its new brand identity in Kenya, reflecting the bank’s continued evolution and its commitment to bring its renewed vision and values to the international markets it serves. The new brand identity which was first introduced in the United Arab Emirates (UAE) during DIB’s Golden Jubilee, is now being unveiled in Kenya as part of the bank’s continued international…
Energy and Petroleum CS Opiyo Wandayi during a media briefing to announce the Government’s approval of the South Lokichar Field Development Plan (FDP). [Benard Orwongo, Standard] Kenya’s hope to be an oil export country has been renewed by the government’s approval of the South Lokichar Basin Field Development Plan. Viability of the Sh793 billion ($6.1 billion) project was confirmed by Energy and Petroleum Cabinet Secretary Opiyo Wandayi who exuded confidence that by end of 2026, drilling of the oil would have started. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all…
Gichugu Affordable Housing Programme, in Kirinyaga County which civil works were completed in May but Kenya Power expected to connect it with electricity to allow occupation. [Boniface Gikandi/Standard] The availability of small units in the market, which are unfit for family-oriented individuals and low-income Kenyans, is a major mismatch that ails the affordable housing initiative. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else…
The Kenya National Bureau of Statistics (KNBS) is strongly advocating for improved data utilisation as the country prepares to host the Global Data Festival in June 2026. Speaking on Tuesday, KNBS Director General Macdonald Obudho noted that despite vast amounts of data being generated, the consumption and application of this information remain insufficient. “A lot of statistics are being produced, but the concern is how well we utilise them,” Obudho emphasised. Follow The Standard channel on WhatsApp “We need to promote the use of statistics.” Obudho was speaking in Nairobi during the inauguration of the National Planning Committee for the Global Data Festival to be held next June. The launch coincided with the National Statistics Conference to…
Differences in perspectives across generations are among the key causes of conflicts in families when it comes to passing down family wealth in the modern business world. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd – now; var totalSeconds = Math.floor(diffToEnd…
A rich businessman holding a wad of money. [Courtesy/GettyImages] Wealthy individuals are considering relocating their family offices to new jurisdictions to protect their wealth from being eroded by inflation. A report by Standard Chartered Global Private Bank also lists cyber security and geopolitical tensions as the other reasons behind the planned relocation, as these individuals deploy strategies to safeguard generational wealth. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a…
This photo illustration shows the DeepSeek app on a mobile phone on January 27, 2025. [AFP] Concerns about bias in artificial intelligence (AI) systems have become a major priority for chief executives, who view ethical issues as the biggest obstacle to adopting new technologies in their businesses. According to the 2025 KPMG Africa CEOs Outlook report, ranking at 63 per cent, ethical challenges top the list of worries for business leaders in the continent, compared to 58 per cent for CEOs globally. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access…
Cybersecurity concept. [Courtesy/GettyImages] The government is considering the creation of a new State agency on cybersecurity that will play a pivotal role in the country’s digital economy. Away from the Office of the Data Protection Commissioner (ODPC), which is tasked with ensuring just handling of data, the government wants a specific body on cybersecurity owing to the rapid growth of the country’s digital landscape and the consequent threats. Principal Secretary in the State Department for ICT and Digital Economy John Tanui says the new agency will also be responsible for the creation of new jobs. He stated that the cybersecurity…
Whenever affordable housing is discussed, the cost of land is always blamed for the skyrocketing prices of units. Several attempts have been made by both the private sector and the government to ease this pain point. Yet here in, maybe an opportunity, at least according to Kenya Mortgage Refinance Company (KMRC) Chief Executive Johnstone Oltetia. As the government pushes to deliver the much-needed two million units it promised to develop, the quality of land available for construction stands out as a major obstacle to the developers, particularly in the private sector. The situation is not being made any easier by…
Africans give a lot to churches and mosques, and this money can be channeled to fund businesses that would have a positive impact in their societies. [iStockphoto] The Chief Executive of Africa Venture Philanthropy Alliance (AVPA), Dr Frank Aswani, holds a wild thought on domestic capital mobilisation for entrepreneurs: If churches can build hospitals, schools and run them profitably, why can’t they also invest in startups? According to his observation, this is one of the funding avenues that economies like Kenya can pursue, instead of relying on foreign inflows. This money, while always available, is not suitable for economies on the continent,…
Group Managing Director and EABL CEO Jane Karuku. [Boniface Okendo, Standard] Behind the confidence that East African Breweries Plc (EABL) will not face challenges in raising Sh20 billion through the corporate bond it has floated, Group Chief Executive Jane Karuku harbours concern about how the market is performing. Even the positive aspects of it, evident by the performance of the Nairobi Securities Exchange (NSE), stable inflation figures and dropping interest rate, she says, do not tell the actual picture of why the market is the way it is – an ugly hourglass – where those at the top are doing…
Trade PS Ms Regina Ombam speaking during high level UAE – Kenya Trade & Investment Forum. [Wilberforce Okwiri, Standard] The Kenya-UAE Comprehensive Economic Partnership Agreement (CEPA) will be submitted to Parliament this week as the government fast-tracks its implementation. Trade Principal Secretary Regina Ombam, said the United Arab Emirates (UAE) has been pushing for the ratification of the trade deal that was signed in the beginning of the year. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters…
Safaricom PLC CEO Peter Ndegwa (centre), Chief Finance Officer Dilip Pal (left) and Safaricom Ethiopia CEO Wim Vanhelleputte, during half-year results 2025/2026 in Nairobi. [ Wilberforce Okwiri, Standard] Safaricom has cut its losses in the Ethiopia business by 20.1 per cent to Sh15.5 billion in the six months to September as the telco targets to break even by 2027 amid price correction and currency reforms in the market. During the period, Safaricom injected a further Sh26.4 billion into the business while keeping an eye on costs, keen to cushion the unit from currency depreciation. Uncover the stories others won’t tell.…
Safaricom PLC CEO Peter Ndegwa (centre), Chief Finance Officer Dilip Pal (left) and Safaricom Ethiopia CEO Wim Vanhelleputte, during half-year results 2025/2026 in Nairobi. [ Wilberforce Okwiri, Standard] Safaricom Kenya has reported a 22.6 per cent year-on-year rise in net income to Sh58.2 billion in the first half of the 2025/2026 financial year. The growth was driven by strong performance in M-PESA, the mobile money service, while Safaricom Group, which includes Safaricom Kenya and Safaricom Ethiopia, posted Sh42.8 billion in net income, a 52.1 per cent increase Service revenue, which includes M-PESA, grew 11.1 per cent to Sh199.9 billion for…
Gerald Kasimu, Head of Advisory at KPMG Africa. [Courtesy] The number of chief executives eyeing mergers and acquisitions has increased in the latest KPMG Africa CEO Outlook report, which raises questions of whether it is just a strategy or the lone survival option for businesses in the current economic conditions. The report by the audit and tax advisory firm shows that this year alone, 86 per cent of African CEOs have lined up plans for acquisition within the next three years. This is up from 77 per cent in 2024. Perhaps, this view, could also be explained by the muted…
President William Ruto during the 24th COMESA Summit of Heads of State and Government, Nairobi. [PCS] The introduction of domestic taxes such as excise duty in countries under the Common Market for Eastern and Southern Africa (Comesa) has raised concerns of uncompetitive practices in the region amid a push for a unified trade bloc. These taxes have also been highlighted by the East African Community (EAC), where all member States except Tanzania are also signatories to the Comesa treaty. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium…
Supporters of ACT-Wazalendo Party march past a Tanzanian Police vehicle (behind) during a protest in Kigoma on October 30, 2025 a day after Tanzania’s presidential and legislative elections. [Photo/AFP] If your favourite recreational drink is Konyagi, you may encounter a shortage at your favourite spot as Kenya battles with trade disruption due to political unrest in Tanzania. Konyagi, a popular spirit in the Kenyan market, is one of the products the country imports from Tanzania. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience…
Women from Manga cooperative group in Nyamira county doing value addition from Banana waste. [Graham Kajilwa] As the world grapples with the realities of resource depletion, pollution and climate change, a new way of thinking about production and consumption is taking root; the circular economy. Unlike the traditional “take–make–dispose” approach that drains natural resources and leaves behind mountains of waste, the circular model focuses on keeping materials in use for as long as possible. It’s about designing waste out of the system, finding value in by-products, and regenerating rather than depleting what the planet provides. Unlock the Full Story —…
From rot to revenue: How farmers are redefining waste into wealth Published Date: 2025-10-31 17:23:36 Author: By Graham Kajilwa Source: The Standard
When Tai Sacco unveiled Makao in 2021, a mortgage product, the demand was exponential. In about three months of disbursing Sh100 million each, John Mwangi, the Sacco’s chief executive, says there were already liquidity challenges. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now…
The Affordable Housing Board (AHB) has on-boarded a transactional advisor to oversee the process of monetising the tenant purchase scheme (TPS) agreements through the capital markets. The plan, according to the board, is to help raise its revenue, which is currently made up of the Affordable Housing Levy and sales of units either through cash buyers or TPS agreements. Additionally, the board seeks to change its model of selling units, adopting the offtake method common in the Kenyan market among private developers. Follow The Standard channel on WhatsApp Such will ensure the board recoups a larger amount of its cash…
Suresh Bhudiya from Parklane construction limited receives a certificate from Mi Vida Homes Chief Executive Officer Samuel Kariuki to commence the construction of KEZA homes in Riruta. [File, Standard] Mi Vida Homes Ltd management has bought out the developer’s owners at an undisclosed amount, seven years after the company was incorporated. A statement from Mi Vida Homes indicated that the developer has reached a share purchase agreement for a management-led buyout of the business from Actis, a private equity fund. The buyout is, however, subject to regulatory approval. The amount involved in the transaction has also not been disclosed. Actis, in partnership with Shapoorji Pallonji incorporated…
As the climate change discourse rages on, in the real estate spaces, a major concern has been the cost of putting up a green development. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd…
The Kenya Bureau of Standards (KEBS) is doubling on strategic partnerships to enhance product quality and safety across the market. Managing Director Esther Ngari said the agency has integrated collaboration into its core operations to effectively deliver on its mandate of setting and enforcing standards. Speaking during the World Standards Day on Tuesday, themed “Partnership for Goals”, Ngari cited public health, food security, and energy as some of the areas Kebs is seeking to collaborate with the relevant agencies. Follow The Standard channel on WhatsApp She said, so far, Kebs’ partnership with the Ministry of Health on the national fortification…
President William Ruto during the launch of Phase I of Konza Technopolis City in Makueni County, on October 13, 2025. [PCS] The government is set to table a Bill in Parliament to establish the National Infrastructure Fund (NIF), a key initiative by President William Ruto aimed at mobilising Sh4 trillion for major development projects across the country. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in…
A manufacturing plant. KAM report shows that majority of manufacturers expressed a negative outlook on the economy. [File, Standard] A relaxed monetary policy saw manufacturers borrow Sh17.2 billion more in the second quarter of this year, even as growth in the sector slowed down compared to the same period in 2024. Data from the Kenya National Bureau of Statistics (KNBS) shows that in the three months ended June 2025, the sector’s real gross domestic product (GDP) expanded by one per cent compared to 3.2 per cent in the same period last year. However, loans to the sector increased to Sh598.3…
President William Ruto and Burundi’s Evariste Ndayishimiye during the 24th Comesa Summit of Heads of State and Government at KICC in Nairobi, on October 9, 2025. [PCS] President William Ruto is advocating for the adoption of a single digital market within the Common Market for Eastern and Southern Africa (Comesa), aimed at boosting the region’s global competitiveness. As part of this vision, he is pushing for the integration of cross-border digital payment platforms, one of the key pillars he believes will revolutionise trade across member states. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth…
As climate change reshapes global priorities, the term ‘green buildings’ is gaining momentum in Kenya’s real estate circles. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd – now; var totalSeconds = Math.floor(diffToEnd /…
Times Tower and CBK Pension Towers Hrambee Avenue Nairobi.[Wilberforce Okwiri,Standard] A new initiative is spearheading a push for a transformative universal social security policy in Kenya, advocating for a system that provides retirement benefits to all citizens, including the vast informal sector. The Pension Club International (PCI), championed by Dr Hosea Kili, managing director of CPF Financial Services Group, proposes funding the scheme, at least in part, through taxes. Dr Kili argues the current pension model is flawed due to its heavy reliance on the formally employed. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now…
As climate change reshapes global priorities, the term ‘green buildings’ is gaining momentum in Kenya’s real estate circles. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd – now; var totalSeconds = Math.floor(diffToEnd /…
Acting CEO SASRA David Sandagi, Cooperatives PS Patrick Kilemi and CS Wycliffe Oparanya during the annual statutory report on the operations and performance of the regulated SACCOs in Kenya. [Wilbrforce Okwiri,Standard] The Sacco Societies Regulatory Authority (Sasra) has launched an investigation into the consistent increase in the number of dormant members over the years, as the figure now inches closer to two million. While the number of active members and total membership is also increasing, the rate at which dormant members are accumulating is higher, informing Sasra’s intention to investigate the cause. In the latest report by the sacco regulator, the number of dormant…
Ronny Kibet and Faith Jerono packaging harvested Cotton in sacks in Koitilial village ,Arror ward,Elgeyo Marakwet County on February 2,2022.Farmers grow cotton in small scale despite the harsh weather conditions and lack of enough water. [Christopher Kipsang,Standard] Even though farmers have continued to expand the area devoted to cottonseed cultivation, yields per hectare have remained uncertain, raising concerns about productivity and profitability. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login…
More land, less yield: Cotton sector struggles with low output amid expansion Published Date: 2025-10-08 00:00:00 Author: By Graham Kajilwa Source: The Standard
New push for pension funds in the region to pool resources Published Date: 2025-10-07 19:32:10 Author: By Graham Kajilwa Source: The Standard
A task force from pension funds in Kenya, Uganda and Tanzania is expected to provide pathways for how domestic resources can be mobilised across borders for development purposes. The task force which has roped in Kenya’s National Social Security Fund (NSSF) and the Public Service Superannuation Scheme (PSSF), would work by lobbying funds to be invested in ideal infrastructure projects in the region. Other pension funds in the taskforce are NSSF Uganda, NSSF Tanzania, PSSF Tanzania and Workers Compensation Fund (Tanzania). “We already have a taskforce together that, can we as pension fund begin to think about not NSSF Uganda…
Workers at Maridadi flower farm in Naivasha pick roses for export. [File, Standard] Kenya is pushing for a review of the European Union’s tough regulations on its horticultural exports, which officials say are hurting trade and prompting the country to explore alternative markets. The EU’s stricter limits on pesticide residues in crops have made it harder for Kenyan produce to access the bloc, driving the country to seek alternative destination markets such as Kazakhstan, China, and Middle Eastern. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content…
During the International Housing Solutions (IHS) Affordable Housing Conference, Superior Homes chief executive Shiv Arora, did not have pleasant words to say about resident associations. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in `; } else { teaserEl.innerHTML = “”; } activeEl.innerHTML = “”; paywallEl.style.display = “block”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display = “none”; var diffToEnd = saleEnd…
The market share of loans borrowed by Sacco members for land and housing purposes is shrinking, even as the sector still holds the highest proportion of credit advances. The Sacco Societies Regulatory Authority (Sasra) 2024 industry report shows that the loans disbursed under the land and housing sector stood at Sh137.1 billion in 2024 compared to Sh126.1 billion in 2023. The report shows that last year’s figures made up 25.26 per cent of the total credit and advances issued by regulated Saccos. This is a drop from 27.39 per cent in 2023. Sasra, while noting that the highest proportion of loans…
Eastrise CEO Gosia Brzeziska and Country Director Moses Sitati. [Courtesy/Eastrise] Eastrise Group, a strategy and insights firm, has launched an advisory board to strengthen business ties between Europe and Africa, aiming to unlock investment opportunities in emerging markets. The eight-member board, unveiled on September 30, 2025, includes experts in artificial intelligence, sustainability, impact investment, development finance, communications, and policy reform. The board features prominent figures such as Noah Black, Chief Executive and Co-Founder of Threshold; Sylvia Dalecka, Founder of Polish Business Hub Davos; Shikoh Gitau, Chief Executive of Qhala; Matthew Hodgkinson, Co-Founder and Portfolio Manager at Confluence Impact Fund; and Tom Lytton-Dickie, Founder and Chief Executive…
Family Bank Limited has called for an Extraordinary General Meeting (EGM) to be held at the end of the month where shareholders are expected to ratify the decision to go public. A notice by the bank published on Tuesday notified shareholders of the meeting slated for October 27, which will be held virtually. “Notice is hereby given to the shareholders that in accordance with the Company’s Articles of Association, an Extraordinary General Meeting (EGM) of Family Bank Limited will be held via electronic communication on Monday, October 27,” the notice reads. Follow The Standard channel on WhatsApp The notice by…
In most organisations, employees form Saccos with the help of the employer as a savings platform. [Courtesy] Saccos are seeking ways to bypass employers in the remittance of members’ deductions, with the latest industry report by the regulator showing they are now owed a whopping Sh3.4 billion. By acquiring licences to offer front office services (Fosa), large Saccos believe it will give them the capacity to deduct members’ contributions and loan repayments directly. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized…
Saccos have been cautioned to expect stiff competition from banks in the wake of the falling interest regime by the Central Bank of Kenya (CBK), which is aimed at pushing credit to the private sector. The Sacco Societies Regulatory Authority (Sasra), in the Sacco Supervision Annual Report 2024, notes this competition, adding that for the first time in three years, Saccos paid dividends to members below the Central Bank Rate (CBR). The regulator has proposed solutions, such as common bonds, to improve the liquidity of the institutions in order to provide more credit. Follow The Standard channel on WhatsApp However,…
A woman preparing ugali. [Courtesy/GettyImages] Ugali, Kenya’s long-cherished staple dish, is losing ground on the nation’s dinner tables. New data from Kenya’s Agriculture and Food Authority (AFA) reveals a dramatic shift in eating habits, with maize consumption plunging by over 600,000 metric tonnes — a sign that rice and chapatis are quickly becoming the new favourites in the majority of Kenyan homes. AFA details that while maize consumption dropped by 625,820 metric tonnes in 2024, rice consumption increased by 118,252 metric tonnes, wheat by 54,542 metric tonnes and sorghum by 7,986 metric tonnes in the same period. Unlock the Full…
GPE Director Abid Ganatra displays some of the mid-sized Royal Enfield MotorBikes. [Courtesy] Kenya’s mid-size motorcycle market has caught the attention of Indian manufacturer Royal Enfield, which is setting up shop in the country, eyeing the growing bikers’ community. Royal Enfield, the global leader in the mid-sized motorcycle sector, has announced the appointment of Ganatra Plant & Equipment (GPE) as the official distribution partner for Kenya in its quest to expand its market. The retail business will start this October. While still nascent, unlike the bustling boda boda sector, there is scattered data on the market segment. Follow The Standard channel…
Co-operatives CS Wycliffe Oparanya (right), Principal Secretary Patrick Kilemi and Sasra acting CEO David Sandagi (left), during the launch of the Sacco Supervision Annual Report, 2024, in Nairobi, on September 25, 2025. [Wilbrforce Okwiri, Standard] Small-sized Saccos with deposits of below Sh100 million will be required to merge with larger ones as the government tightens its grip on the sector whose weakness in governance structures has been a challenge in recent times. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading…
National Tax Payers Association (NTA) CEO Patrick Nyagweso when sharing the Wealth Tax Study Report while seeking the adoption of its recommendation at a Nairobi Hotel on September 24, 2025. [Kanyiri Wahito, Standard] The National Taxpayers Association (NTA) is lobbying for the introduction of a ‘net worth tax’ on the superrich with the aim of netting in excess of Sh100 billion from the individuals. The proposal contained in a report by NTA, The Potential and Justification for Taxing Wealth in Kenya, argues that this move would be a considerable way of mobilising resources domestically, compared to leaning on debts. Unlock…
National Tax Payers Association (NTA) CEO Patrick Nyagweso when sharing the Wealth Tax Study Report while seeking the adoption of its recommendation at a Nairobi Hotel on September 24, 2025. [Kanyiri Wahito, Standard] The National Taxpayers Association (NTA) is lobbying for the introduction of a ‘net worth tax’ on the superrich with the aim of netting in excess of Sh100 billion from the individuals. The proposal contained in a report by NTA, The Potential and Justification for Taxing Wealth in Kenya, argues that this move would be a considerable way of mobilising resources domestically, compared to leaning on debts. Unlock…
Equity Bank CEO James Mwangi says that the reduction in physical footprint in banks is the reason why they have a technology subsidiary. [File, Standard] For an economy where more than 90 per cent of bank transactions are digital, maintaining a physical branch is a dilemma. Equity Group Holdings Chief Executive James Mwangi has repeatedly voiced this concern. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log…
Watu Credit’s East Africa GM Andrii Volokha demonstrates an electric bike battery swap with owner James Matatiro and Arc Rides Sales Manager James Waweru on Jan 17, 2023. [Jonah Onyango, Standard] Despite a persistent push for electric motorcycle adoption, the idea, especially in public transport, seems to be still novel. While a drive around Nairobi, particularly in the central business district, shows more riders are embracing the “silent” two-wheelers, the allure of profit margins, a major selling point for this technology, is still not convincing enough to a majority of operators. What then could be the issue, especially with recent…
Workers offload fertiliser from a cargo ship at Mombasa Port. [File, Standard] Sometime in July, the Kenya Revenue Authority (KRA) introduced a new requirement that all imports into the country be accompanied by a certificate of origin (CoO). Such a certificate, said KRA in the July 9, 2025 notice, should be issued by a competent authority from the country of export. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already…
SBC Kenya Country Manager John K’Otieno during the launch of Sting Energy, a premium high-energy drink, in Nairobi, on September 22, 2025. [Wilberforce Okwiri, Standard] Pepsi Kenya (SBC Kenya) has officially launched Sting Energy, a premium high-energy drink designed to fuel Kenya’s go-getters. The drink comes in two dynamic variants: Red Rush (“Ignite Your Power”) and Gold Rush (“Elevate Your Energy”), available in 330ml bottles at a retail price of Sh50. The drink can be accessed in major supermarkets, convenience stores, and neighbourhood kiosks nationwide, a statement from Pepsi Kenya says. Follow The Standard channel on WhatsApp The launch mirrors…
Kenya loses Sh243.2 billion, equivalent to 1.5 per cent of the country’s economy, through illicit financial flows (IFFs), a new report shows. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in Follow The Standard channel on WhatsApp Follow The Standard channel on WhatsApp Published Date: 2025-09-19 08:50:00 Author: By Graham Kajilwa Source: The Standard
Kenya loses Sh243.2 billion, equivalent to 1.5 per cent of the country’s economy, through illicit financial flows (IFFs), a new report shows. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in Follow The Standard channel on WhatsApp Follow The Standard channel on WhatsApp Published Date: 2025-09-19 06:00:00 Author: By Graham Kajilwa Source: The Standard
President William Ruto and Deputy President Prof Kithure Kindiki inspect the ongoing construction of the 4,566-unit Shauri Moyo B Affordable Housing Project in Kamukunji Constituency, Nairobi, earlier this year. [PCS] Upon returning to the country from Ethiopia recently, President William Ruto, for the umpteenth time, defended the Affordable Housing Programme (AHP). This time, he cited South Korea, Singapore, and Malaysia as examples of how a country can catapult its economy through housing. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading…
President William Ruto and Deputy President Prof Kithure Kindiki inspect the ongoing construction of the 4,566-unit Shauri Moyo B Affordable Housing Project in Kamukunji Constituency, Nairobi, earlier this year. [PCS] Upon returning to the country from Ethiopia recently, President William Ruto, for the umpteenth time, defended the Affordable Housing Programme (AHP). This time, he cited South Korea, Singapore, and Malaysia as examples of how a country can catapult its economy through housing. /* Container styling */ .fade-out-overlay { position: absolute; top: -80px; left: 0; width: 100%; height: 60px; z-index: 1; background: linear-gradient(to bottom, rgba(255, 255, 255, 0), rgba(255, 255, 255,…
Unremitted contributions to pension schemes increased from Sh61.8 billion in 2023 to Sh69.4 billion in 2024. [Courtesy] Unremitted contributions to pension schemes more than doubled to Sh14 billion as businesses struggled with the second phase of enhanced deductions to the National Social Security Fund (NSSF) that kicked in February 2024. Data from the Retirement Benefit Authority (RBA) also shows that this is the period post-retirement medical fund dropped drastically to Sh249.1 million. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading…
President William Ruto and Deputy President Prof Kithure Kindiki inspect the ongoing construction of the 4,566-unit Shauri Moyo B Affordable Housing Project in Kamukunji Constituency, Nairobi, earlier this year. [PCS] Upon returning to the country from Ethiopia recently, President William Ruto, for the umpteenth time, defended the Affordable Housing Programme (AHP). This time, he cited South Korea, Singapore, and Malaysia as examples of how a country can catapult its economy through housing. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading…
There is a certain saying among Nairobi residents that if you have never sold GNLD products, then you haven’t seen the hard part of this city. Unlock the Full Story — Join Thousands of Informed Kenyans Today Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Login Already a subscriber? Log in Follow The Standard channel on WhatsApp Follow The Standard channel on WhatsApp Published Date: 2025-09-17 08:00:00 Author: By Graham Kajilwa Source: The Standard
Ndindi Nyoro chats with James Muraguri, CEO Institute of Public Finance (IPF), during the launch of the 2025 mid-year economic report. [Wilbrforce Okwiri,Standard] The government has been criticised for being ‘the biggest beneficiary’ of the low-interest rate regime owing to the growing domestic public debt. Experts in the financial sector who spoke during the launch of a report on the country’s economic performance for the first half of the year, argue that businesses are less likely to benefit from the reduced rate as the government is mopping up money from the market. Unlock the Full Story — Join Thousands of…
Boma Yangu, new Mukuru housing estate. [Wilberforce Okwiri, Standard] If you followed Oprah Winfrey, the popular American television show host, then you remember her marketing and endearing strategy of dishing out goodies, an act that left her audience squealing with excitement, like mice in a cheese factory. It is an art President William Ruto seems to have adopted of late, and perfected – at least where affordable housing is concerned – that anyone who attends his functions gets a house, or a promise of one. /* Container styling */ .fade-out-overlay { position: absolute; top: -80px; left: 0; width: 100%;…
Boma Yangu, new Mukuru housing estate. [Wilberforce Okwiri, Standard] If you followed Oprah Winfrey, the popular American television show host, then you remember her marketing and endearing strategy of dishing out goodies, an act that left her audience squealing with excitement, like mice in a cheese factory. It is an art President William Ruto seems to have adopted of late, and perfected – at least where affordable housing is concerned – that anyone who attends his functions gets a house, or a promise of one. /* Container styling */ .fade-out-overlay { position: absolute; top: -80px; left: 0; width: 100%;…
Aerial view of Hurlingham which is a mixed use of office blocks and apartments. [Wilberforce Okwiri,Standard] Despite one-bedroom apartments renting so well, Unity Homes Executive Director Jason Horsey struggles to understand why these units are not selling as fast. For the projects his firm has done, he says two and three-bedroom homes happen to be the sweet spot. A one-bedroom unit goes for Sh6 million, two-bedroom units and three-bedroom units between Sh10 million to Sh12 million. A London townhouse whose asking price is Sh36 million. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save!…
UN CFP Principal Programme Manager Jack Howard displays an artistic impression of the proposed new UN office complex in Nairobi, August 28, 2025. [Standard, Kanyiri Wahito] The United Nations Office in Nairobi (UNON) will spend $340 million (Sh43 billion) on the construction and renovation of conference facilities and office blocks. UNON Director General Mrs Zainab Bangura said the move is meant to build capacity for the complex to be able to host more UN agency offices, events and activities in the future. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock the Truth…
Gichugu Affordable Housing Programme, in Kirinyaga County which civil works were completed in May but Kenya Power expected to connect it with electricity to allow occupation. [Boniface Gikandi/Standard] Kenya’s property market is safe from a possible housing bubble due to the cash-based nature of transactions in the real estate sector, where just two per cent of units are bought through mortgage. A housing bubble is a run-up in home prices fueled by demand, speculation, and exuberance that bursts when demand falls as supply increases. A new study by real estate developer HassConsult says, unlike other markets where mortgages dominate a majority of transactions,…
National Treasury CS John Mbadi at Parliament Buildings, Nairobi, on June 12, 2025. [File, Standard] Kenya is staring at a double-digit budget deficit as the government plans to include pending bills and other liabilities in the budgeting process in line with the accrual accounting system. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in to pay 5 for this article Follow The Standard…
Controller of Budget Margaret Nyakang’o’s report shows that usage of overdraft facility increased by 44 per cent in the financial year that ended in June 2025. [File, Standard] The sustained low interest regime by the Central Bank of Kenya (CBK) gave room for the government to borrow more through overdraft in the financial year that ended in June 2025, but still paid less in interest charges. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly…
National Treasury CS John Mbadi at Parliament Buildings, Nairobi, on June 12, 2025. [File, Standard] Kenya is staring at a double-digit budget deficit as the government plans to include pending bills and other liabilities in the budgeting process in line with the accrual accounting system. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already a subscriber? Log in to pay 5 for this article Follow The Standard…
Controller of Budget, Margaret Nyakango when she appeared before the parliamentary Committee on Budget and Appropriation at English Point Marina in Mombasa, on Sept.ember 3, 2025. [Omondi Onyango, Standard] Kenya’s growing debt that has crossed the Sh12 trillion mark under President William Ruto’s administration has raised eyebrows among his critics, with economists noting the lack of tangible projects to back the increased borrowing. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money…
Live Live Live Live Live Live Live Live Live Live Published Date: 2025-09-08 06:00:00 Author: By Graham Kajilwa Source: The Standard
Controller of Budget, Margaret Nyakango when she appeared before the parliamentary Committee on Budget and Appropriation at English Point Marina in Mombasa, on Sept.ember 3, 2025. [Omondi Onyango, Standard] Kenya’s growing debt that has crossed the Sh12 trillion mark under President William Ruto’s administration has raised eyebrows among his critics, with economists noting the lack of tangible projects to back the increased borrowing. /* Container styling */ .fade-out-overlay { position: absolute; top: -80px; left: 0; width: 100%; height: 60px; z-index: 1; background: linear-gradient(to bottom, rgba(255, 255, 255, 0), rgba(255, 255, 255, 1)); } .paywall-container { position: relative; max-width: 100%; margin: 0…
Controller of Budget, Margaret Nyakango when she appeared before the parliamentary Committee on Budget and Appropriation at English Point Marina in Mombasa, on Sept.ember 3, 2025. [Omondi Onyango, Standard] Kenya’s growing debt that has crossed the Sh12 trillion mark under President William Ruto’s administration has raised eyebrows among his critics, with economists noting the lack of tangible projects to back the increased borrowing. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock the Truth Now 》 Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money…
Insurance companies will be required to frequently audit their high-risk customers in line with new guidelines issued by the regulator. The move aims at strengthening their internal anti-money laundering (AML) measures. Also to be audited are products, distribution channels and customer identification programmes. A guidance note provided by the Insurance Regulatory Authority (IRA) says insurers should conduct frequent audits of higher-risk areas of their operations prone to money laundering. Follow The Standard channel on WhatsApp The guidance note on independent review of the anti-money laundering (AML) compliance also stipulates who can carry out these audits. IRA says the audit can…