Author: By Graham Kajilwa

How Equity Bank became region’s most profitable company Published Date: 2026-03-24 09:10:00 Author: By Graham Kajilwa Source: The Standard

Audio By Vocalize Stanbic Bank Kenya Limited CEO Joshua Oigara addressing stakeholders during the Stanbic holdings PLC 2025 full year results announcements and investor briefings in Nairobi on March 11, 2026. [David Gichuru, Standard] The resumption of oil exports in South Sudan boosted the performance of Stanbic Holdings’ subsidiary in the country, which reported a profit after tax of Sh233 million in the bank’s newly released 2025 financial results. While Stanbic Holdings profit after tax remained relatively unchanged at Sh13.7 billion, its South Sudan subsidiary grew by 32 per cent. This is compared to 2024 when the subsidiary recorded a…

Audio By Vocalize The Jomo Kenyatta International Airport (JKIA) expansion plan will be funded through a debt-equity arrangement, as the government yesterday announced its intention to break ground in June this year. The 70-30 formula will see the government utilise the newly established National Infrastructure Fund (NIF) to attract other investors such as pension funds. However, while the developer will cater for the 70 per cent, the government will only take a portion of the 30 per cent, leaving the rest to the private sector. The government remains tight-lipped on the total cost of the project. However, the Adani proposal…

NSE CEO Frank Mwiti is eyeing the now Sh2.8 trillion pension assets under management, which are largely invested in government paper, to boost the bourse’s performance. [File, Standard] A proposal by the Nairobi Securities Exchange (NSE) to have the pension regulator revise the allocation formula of assets under management in favour of equities has been termed impractical by the Retirement Benefits Authority (RBA). The proposal seeks to amend the current allocation formula, which provides the maximum a scheme can invest in a regulated financial instrument, by introducing a floor or a minimum. Bold Reporting Takes Time, Courage and Investment. Stand…

Audio By Vocalize Mwalimu National DT SACCO Chairman Joel Gachari during the official launch of the cheque book. [File, Standard] The amount of loans disbursed by Saccos across the country exceeded Sh900 billion in December 2025, according to the latest quarterly industry statistical analysis update from the societies’ regulator. Data from the regulator shows land and housing still lead in disbursement compared to other sectors. This concentration has been documented across all quarters. In the period under review, according to quarterly statistics published by the Saccos Societies Regulatory Authority (Sasra), the sector received Sh125.7 billion in credit. This is lower…

Audio By Vocalize Last November, the United Arab Emirates (UAE) announced a Sh130 billion ($1 billion) investment initiative to expand artificial intelligence (AI) infrastructure and applications across Africa. The plan is to position AI as a core pillar of development cooperation rather than a future-facing concept. The Standard had a sit down with UAE Assistant Minister of Foreign Affairs for Development and International Organisations, H.E. Sultan Mohammed Al Shamsi who shared how this funding seeks to transform businesses and the landscape of technology in Kenya and beyond. He shares that the UAE’s AI initiative reflects the country’s conviction that artificial…

Audio By Vocalize Female mechanic using digital tablet at work. [Courtesy] Developing economies such as Kenya have been advised by a United Nations body to pivot their services sectors as the catapult for economic growth, owing to stiff competition in the global manufacturing space from India and China.  The report published by UN Trade and Development (UNCTAD) notes that the digital economy has expanded the services sector and removed barriers to entry, especially for micro, small and medium enterprises (MSMEs), which are the dominant businesses in these economies.  The UN report argues that it is an uphill task for economies…

  Real estate or property investment concept. [Getty Images] Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access. Continue Reading 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 / 1000); var days = Math.floor(totalSeconds / (24 * 3600));…

NSE Market watch board during ringing of the bell ceremony at Nairobi Securities Exchange on September 4, 2019. [File, Standard] A few years ago, when the Kenyan market was struggling to access dollars as inflation surged, hitting 9.6 per cent in October 2022, the interest rate regime was the preferred capital mop-up tool for the government that was drowning in debt. Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access. Continue Reading Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted Already…

Inside a bank. [Courtesy, Getty Images] For long, banks have built their businesses by being either overprotective or borderline secretive, which has, at most times, limited access. Mean-looking uniformed officers would stand guard at the door, while meaner-looking private security would watch your every move while inside. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Continue Reading 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…

Kengen Managing Director Peter Njenga and Chairman Alfred Agoi during the Extraordinary General Meeting in Nairobi, on February 12, 2026. [Wilberforce Okwiri, Standard] Kenya Electricity Generating Company (KenGen) will be classifying shares in a new governance structure that will see minority shareholders have more power to choose their representative at the board level. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading 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 = “”; }…

One of the biggest concerns one may have about a mortgage is the fear of taking long repayments as opposed to taking an unsecured loan. [iStockphoto] A new report co-authored by the Sacco regulator has revealed existing knowledge gaps among society’s staff on how mortgage products work and further recommended training to all relevant workers. The report by Sacco Societies Regulatory Authority (Sasra) says in some instances, some staff are not familiar with Kenya Mortgage Refinance Company (KMRC) single-digit loans, which limits options for otherwise qualified customers. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading…

Israeli Ambassador Gideon Behar and Prime Cabinet Secretary Musalia Mudavadi. [Courtesy, X] Gideon Behar, the Israeli ambassador to Kenya starts his speech with a brag. “Which of these two securities performed better in 2025 – Tel Aviv or Nasdaq?” he poses. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Continue Reading 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) {…

The Capital Markets Authority (CMA) is set for more reforms with a keen interest in private businesses as the government seeks to make the Nairobi Securities Exchange (NSE) more accessible to a majority of Kenyans. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading 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…

Israeli Ambassador Gideon Behar and Prime Cabinet Secretary Musalia Mudavadi. [Courtesy, X] Gideon Behar, the Israeli ambassador to Kenya starts his speech with a brag. “Which of these two securities performed better in 2025 – Tel Aviv or Nasdaq?” he poses. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading 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)…

The 100 per cent NETA V electric vehicle being showcased by MOJA EV Kenya Limited at Sameer Business Park in Nairobi, on May 31, 2024. [File, Standard] The country’s adoption of electric vehicles might fuel the development of more toll roads as the government agonises over a new source of revenue to replace the guaranteed Road Maintenance Levy Fund (RMLF). Bold Reporting Takes Time, Courage and Investment. Stand With Us. Continue Reading 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 `; }…

KAWU Secretary General Moss Ndiema (centre) and other members when they issued a 7-day strike notice to Kenya Civil Aviation Authority over stalled CBA talks at JKIA in Nairobi, on February 9, 2026. [Kanyiri Wahito, Standard] A potential strike by civil aviation workers threatens to disrupt operations at key airports such as Jomo Kenyatta International Airport (JKIA) next week, a move that could affect airlines and passengers using Kenya’s airports. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Continue Reading Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money…

President William Ruto addresses Malindi residents on February 5, 2026. [PCS] Are empowerment forums such as the ongoing Nyota Yangu, and others like the now nearly forgotten Hustler Fund, genuine initiatives to uplift Kenyans, or are they simply campaign platforms for the 2027 presidential election? Bold Reporting Takes Time, Courage and Investment. Stand With Us. Continue Reading 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…

President William Ruto addresses Malindi residents on February 5, 2026. [PCS] Are empowerment forums such as the ongoing Nyota Yangu, and others like the now nearly forgotten Hustler Fund, genuine initiatives to uplift Kenyans, or are they simply campaign platforms for the 2027 presidential election? .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 auto; padding: 25px; border: 1px solid #e0e0e0; border-radius: 8px; box-shadow: 0 2px 10px rgba(0, 0, 0, 0.1); background-color: #ffffff; } .paywall-header…

President William Ruto addresses Malindi residents on February 5, 2026. [PCS] Are empowerment forums such as the ongoing Nyota Yangu, and others like the now nearly forgotten Hustler Fund, genuine initiatives to uplift Kenyans, or are they simply campaign platforms for the 2027 presidential election? .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 auto; padding: 25px; border: 1px solid #e0e0e0; border-radius: 8px; box-shadow: 0 2px 10px rgba(0, 0, 0, 0.1); background-color: #ffffff; } .paywall-header…

Eveready East Africa plant in Nakuru. [File, Standard] Eveready East Africa is transforming its business model from a traditional battery manufacturer to a key player in the green energy space with a new funding product for electric vehicles (EVs). Through a partnership with EV Jumla, the transformation is in addition to other major moves as the firm integrates a clean energy platform that delivers solar power, energy storage, clean cooking solutions, and carbon market initiatives into its business model. The move marks Eveready’s evolution from a traditional battery manufacturer into a key player in Kenya’s fast-growing green energy and e-mobility ecosystem, aligned…

President William Ruto addresses Malindi residents on February 5, 2026. [PCS] Are empowerment forums such as the ongoing Nyota Yangu, and others like the now nearly forgotten Hustler Fund, genuine initiatives to uplift Kenyans, or are they simply campaign platforms for the 2027 presidential election? Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access. Continue Reading 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…

Ahadi Kenya CEO Stanley Kamau watches as Mofarm Fresh Fruits Exporters Director Elijah Njoroge explains how to package avocado for export. [File, Standard] Africa Mega Agricultural Corp, formally Kenya Orchards Ltd has finalised an agreement at Gulfood Dubai to onboard more than 1,500 international buyers onto its digital commodities exchange platform. This move will boost global market access for agricultural exporters in Kenya and East Africa. The agreement supports the company’s goal of establishing the city as a primary hub for international buyer aggregation, transaction settlement, and re-export of African agricultural commodities. Follow The Standard channel on WhatsApp The platform’s operational rollout and…

Generative AI holds transformative potential. [iStockphoto] While the expected listing of Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange (NSE) next month is happening at an opportune time, according to experts, to this day, there has been no conclusive explanation why the country’s capital markets have been thriving of late. Sometime last year, during the launch of the KPMG Africa CEOs Outlook report, the genesis of this phenomenon could not be explained explicitly either. However, the chief executives present agreed that this wave should not go unutilised. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading Unlimited access to all premium content…

FKE Executive Director Jacqueline Mugo and Vice President of Global Service Delivery at Samasource Annepeace Alwala during the launch of the AI Xcelerate project in Nairobi on February 5, 2026. [Collins Oduor, Standard] The government has expressed fears of job losses among low-skilled workers as businesses adopt artificial intelligence (AI) in their operations. While this new age of technology is also expected to create more job opportunities, the government is pushing for responsible and ethical adoption of AI asking businesses to be cognisant of the economic implications. Dr Wanjiru Kariuki, Secretary for Skills Development at the State Department of Labour and…

One of the biggest concerns you may have about a mortgage is the fear of taking long repayments as opposed to taking an unsecured loan. [iStockphoto] Increased statutory deductions on the working class have eroded the majority of Kenyans’ ability to own homes. This is according to a report by AIS Capital Advisors, which details how mortgage amounts for salaried workers have reduced.  Bold Reporting Takes Time, Courage and Investment. Stand With Us. Continue Reading 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…

Kakuzi Plc Managing Director Chris Flowers. [File, Standard]  Listed agribusiness firm Kakuzi has added loose-leaf tea packets to its list of domestic product line to mitigate export-associated risks. The tea, branded as Kakuzi Pure Black Tea, is part of the firm’s efforts in product-and-markets diversification strategy to boost its earnings. The brand will be available in 250 g and 500 g packs. Kakuzi Plc Managing Director Chris Flowers said the ongoing diversification strategy prioritises the development of quality consumer products for local consumption. He said the firm is enjoying steady growth as domestic sales of products begins to contribute positively…

 Transport CS Davis Chirchir during the official launch of National Electric Mobility Policy,2026 at KICC, Nairobi on February 3, 2026. [Elvis Ogina, Standard] The government is deliberating whether to introduce a comprehensive omnibus bill for the electric mobility sector or amend the existing laws to better guide players in the industry. After the launch of the National Electric Mobility Policy yesterday, which has now paved way for development of laws, plans are also underway to come up with a national strategy, which will be anchored on the policy, will provide a clearer pathway on how the government intends to grow…

Isuzu East Africa Limited MD Rita Kavashe, Trade CS Lee Kinyanjui, PS Juma Mukhwana and Japan Ambassador to Kenya Hiroshi Matsuura during the launch of the locally assembled Isuzu Mu-X Luxury SUV in Nairobi on February 2, 2026. [Kanyiri Wahito, Standard] The government is sieving through public participation feedback on the National Automotive Bill, 2025, with the document expected to come into effect by June this year. The Bill, whose purpose is to encourage purchase of locally manufactured vehicles, will in part put restrictions on importation of second-hand automobiles and provide modalities on the end of life cycle of a…

Nakumatt City branch at Mega City in Kisumu on April 9, 2018. [File, Standard] A decade ago, when Nakumatt Holdings was going under after choking in huge debts, the retailer had Sh4.8 billion in its books held in commercial paper. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading 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 &&…

Isuzu East Africa Limited MD Rita Kavashe, Trade CS Lee Kinyanjui, PS Juma Mukhwana and Japan Ambassador to Kenya Hiroshi Matsuura during the launch of the locally assembled Isuzu Mu-X Luxury SUV in Nairobi on February 2, 2026. [Kanyiri Wahito, Standard] The government is sieving through public participation feedback on the National Automotive Bill, 2025, with the document expected to come into effect by June this year. The Bill, whose purpose is to encourage purchase of locally manufactured vehicles, will in part put restrictions on importation of second-hand automobiles and provide modalities on the end of life cycle of a…

HassConsult Co-Chief Executive Sakina Hassanali. [File, Standard] Buying a piece of land in Juja or Ruiru in Kiambu County could be the most profitable real estate venture for an investor, going by the double-digit price appreciation as recorded in the latest HassConsult index. Compared to other areas, the Hass Property Index for both land and houses show these satellite areas gave a double-digit return of between 10 and 14 per cent. Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access. Continue Reading Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading…

Mark Napier, CEO of FSD Africa. [Courtesy] Pension funds’ preference for government paper has been linked to the complexities that come with alternative asset classes, which are less straightforward. The absence of appropriate tools and frameworks that can promote the allocation of private capital, primarily pension funds, into these alternative assets has also been noted by experts in the field of investing. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Continue Reading 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…

Kenya Plant Health Inspectorate Service (Kephis) inspectors check a consignment of horticultural products for export at the Jomo Kenyatta International Airport exit point. [Muriithi Mugo, Standard] Although Kenya has used the single-window system to highlight how simple it is to conduct business there, manufacturers do not share this sentiment. They claim that there is still fragmentation in the policy environment. This has been observed in their export enterprises, where a single window is crucial. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience…

Energy and Petroleum CS Opiyo Wandayi tours the Kenya Pipeline Company oil jetty at the shore of Lake Victoria. [File, Standard] Questions have arisen on why the sale of the Kenya Pipeline Company (KPC) is being hurried, at least according to some quarters. Kenyans have also questioned why KPC is for sale, and not any other State agency? Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access. Continue Reading 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…

Kenya Pipeline Company storage facilities in Nairobi. [File, Standard] Allocation of shares in the Kenya Pipeline Company (KPC) Initial Public Offering (IPO) will be on a pro rata basis, meaning that late bidders will still have a chance to receive shares. This allays fears that late comers into the bidding will miss out. Dr Kenne Belgrade of Faida Investment Bank, the lead transactional adviser for the KPC deal, says the one-month period given for the IPO is meant to allow purchasers to arrange for financing. Uncover the stories others won’t tell. Subscribe now for exclusive access Continue Reading Unlimited access to all…

President William Ruto and UK Prime Minister Keir Starmer after signing the Kenya-UK Strategic Partnership pact at the 10 Downing Street in London. [PCS] Kenya this week initiated discussions with the United Kingdom regarding a digital trade agreement as the country aims to double its business with the UK to Sh680 billion by 2030. In addition to the impending digital trade agreement, the government plans to liberalise foreign ownership of insurance companies for the benefit of the UK by amending the Business Laws Act (2024) through the Business (Amendment) Laws Bill, 2026. Bold Reporting Takes Time, Courage and Investment. Stand…

The East Africa Portland Cement in this undated photo. [Courtesy] Following a commitment from its parent company, Kalahari Cement, to invest $200 million (Sh26 billion) to triple its capacity, East African Portland Cement (EAPC) is scheduled to undergo a significant renovation of its production facilities. Just one year has passed since Amsons Group, the parent company of Kalahari Cement, announced a Sh52 billion investment in Bamburi Cement, another of its subsidiaries in Kenya. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Unlock Full Access Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly…

President William Ruto during the launch of Nyota Project at the Eldoret Sports Club in Uasin Gishu County on December 08, 2026. [Peter Ochieng, Standard] Behind the much-publicised Sh30 billion National Youth Opportunities Towards Advancement (Nyota) project and its allure of “free” money lies a harsh reality: the government is using the programme mainly as a relief measure. Despite the number of catalytic funds set up by the government by different administrations and billions disbursed through them, for some reason – sometimes obvious – these allocations do not seem to solve the overall challenge of poverty alleviation, which is the…

Kenya Pipeline Company (KPC) petroleum storage facilities in Nairobi on August 21, 2024. [Kanyiri Wahito, Standard] The planned listing of Kenya Pipeline Company (KPC) in March is expected to push I&M Group out of the Nairobi Securities Exchange’s top 10 companies by market capitalisation. According to the lead transaction adviser, KPC will debut as the fifth-largest listed firm by value once it hits the bourse. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock Full Access Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and Cards accepted…

ALP Reit has invested in ALP North Park in Tatu City. [File, Standard] The Private Infrastructure Development Group (PIDG) has approved an investment to anchor the upcoming ALP Industrial Real Estate Investment Trust (ALP Reit), sponsored by Africa Logistics Properties Holdings Ltd (ALPH), marking a significant milestone in the development of Kenya’s institutional-grade industrial real estate sector.   Through its project development solution, InfraCo, PIDG has committed to invest up to $15 million (Sh1.95 billion) as an anchor investor in the ALP Reit, subject to regulatory conditions and the successful completion of the ongoing capital raise. Approved by the Capital…

Treasury CS John Mbadi before the Departmental Committee on Finance and National Planning at Glee Hotel, Kiambu Road, on January 13, 2026. [Elvis Ogina, Standard] For less than Sh1,000, you can now own a piece of Kenya Pipeline Company (KPC) whose Initial Public Offering (IPO) was unveiled on Monday by the National Treasury Cabinet Secretary John Mbadi. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock Full Access 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…

Treasury CS John Mbadi before the Departmental Committee on Finance and National Planning at Glee Hotel, Kiambu Road, on January 13, 2026. [Elvis Ogina, Standard] For less than Sh1,000, you can now own a piece of Kenya Pipeline Company (KPC) whose Initial Public Offering (IPO) was unveiled on Monday by the National Treasury Cabinet Secretary John Mbadi. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Unlock Full Access 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 {…

Central Bank of Kenya in Nairobi. Chief economists expect global economic conditions to weaken [File, Standard] Economists in Sub-Saharan Africa are anticipating slow growth as geopolitical uncertainty and trade and investment tensions persist. The Chief Economists’ Outlook published by the World Economic Forum shows that as the number of economists anticipating moderate growth in the year dropped, those expecting weak growth increased almost by the same value. The January 2026 publication notes that the outlook for Sub-Saharan Africa slightly deteriorated compared to the previous edition. Follow The Standard channel on WhatsApp “While the share of respondents anticipating moderate growth in…

Kenya Bureau of Standards impounds tonnes of cement syphoned by cartels in Athi River. [David Gichuru, Standard] The consistent increase in the price of cement over the years has been a major contributor to the rising cost of construction in the country, which now stands at Sh54,730 per square metre for a simple bungalow. In 2024, this figure stood at Sh48,750, an increase of 12.27 per cent. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock Full Access Unlimited access to all premium content Uninterrupted ad-free browsing experience Mobile-optimized reading experience Weekly Newsletters MPesa, Airtel Money and…

Stephen Muhoma a Jua Kali trader at Bama Market in Nakuru on June 13, 2019. [File, Standard] Kenya’s weak performance in the manufacturing and agricultural segments of the economy has been termed the genesis of slowed job creation in the wholesale and retail trade sector. A report by the Kenya Institute for Public Policy Research and Analysis (Kippra) notes that employment in the wholesale and retail trade sector has been declining post Covid period. This phenomenon has raised concerns on the sector’s contribution to the overall economy. Follow The Standard channel on WhatsApp The Kenya Economic Report 2025 explains that…

Base Titanium plant in Kwale County which has since ceased operations. [File, Standard] A few days ago, Kwale County Deputy Governor Chirema Kombo walked out of a consultative meeting chaired by the Mining Cabinet Secretary Ali Hassan Joho to discuss the prospects of the Mrima Hills project. The project located in the county has attracted several bidders, a majority of them international conglomerates eyeing deposits of niobium and other highly sought after brare earth minerals whose value is over Sh8.1 trillion. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Unlock Full Access Unlimited access to all premium content…

New Wide Garments Kenya EPZ Limited in Athi River, Machakos County, on May 20, 2022. [File, Standard] Kenya’s competitiveness as an investment destination in the region is being edged out by other economies as latest data shows foreign direct investment (FDI) to the country stagnated at Sh195 billion ($1.5 billion) as at the end of 2024. Bold Reporting Takes Time, Courage and Investment. Stand With Us. 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…

Construction of Kenol – Sagana – Marwa highway. [File, Standard] Growth in the construction sector more than tripled in the third quarter of 2025, largely attributed to the resumption of road projects. According to the latest report by the Kenya National Bureau of Statistics (KNBS), the construction sector grew by 6.7 per cent in the third quarter of last year, from a negative growth of 2.6 per cent recorded in the same period in 2024. 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…

Construction sector growth triples as road projects restart Published Date: 2026-01-10 00:00:00 Author: By Graham Kajilwa Source: The Standard

Tourism Cabinet Secretary Rebecca Miano. [File, Standard] The establishment of a Tourism Crisis Management Unit is among the initiatives the government seeks to deploy to ensure the safety and security of visitors to the country. The government, in an effort to further build confidence among tourists, will list service providers on the National Tourism Service Portal. This is in addition to strengthening the presence of the Tourism Police Unit. The 2026 Budget Policy Statement by the National Treasury positioned tourism as a key pillar in advancing the country’s socio-economic well-being, hence the listed action plan. “Its multiplier effects extend across…

A report by the Architectural Association of Kenya shows that absorption of professional services in the construction industry is at 20 per cent. [Courtesy] Amid an aggressive plan by the government to build houses, behind the curtain, job seekers in the built environment are getting a cold reception from the sector that is outwardly thriving. They are unable to secure jobs despite completing their studies. A report by the Architectural Association of Kenya (AAK) claims that absorption of professional services in the construction industry is at 20 per cent. Additionally, the survey by the institution shows that nine in every 10…

Joint loan accounts offer a better pathway in home ownership. [Courtesy] When an estranged couple opts to air their dirty linen on the scales of justice, the fate of their matrimonial home forms a major part of their anticipated separation. The judge, in their Solomonic wisdom, has to decide who walks away with the keys – or if the unit can be divided. While such cases are a possibility for a couple, excerpts of a joint report from the Sacco Societies Regulatory Authority (Sasra), Financial Sector Deepening (FSD) Kenya and the Kenya Mortgage Refinance Company (KMRC) show that joint loan…

Kisumu National Polytechnic student taking Technical and Vocational Education and Training (TVET) programmes at the institution. [File, Standard] One thing Kenya’s economy always serves in plenty is deception. From the hawker who screams endlessly on the streets ‘mia-mia-soo’ which strangely means Sh300 to the butcher in your local market whose kienyeji chicken has nothing improved in them as claimed: the schemes are in plenty. A major one, however, is the illusion that advanced education increases one’s employability. It is a strategy that is likely to backfire, as a report by the State’s think tank, Kenya Institute for Public Policy Research and…

President William Ruto harvests sugar cane during the launch of the issuance of bonuses for sugarcane farmers in Mumias, Kakamega County, on January 20, 2025. [File, Standard] Kenya has formally exited the Common Market for Eastern and Southern Africa (Comesa) sugar safeguard regime, which the government has used for over two decades to protect the country’s sugar industry. 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 `; }…

The 100 per cent NETA V electric vehicle showcased by MOJA EV Kenya Limited to convince digital taxi drivers to go green at Sameer Business Park in Nairobi, on May 31, 2024. [File, Standard] A recent spat between a disgruntled customer and Spiro Kenya, an electric motorbike company, that spilled to social media, may be a foreshadowing of the challenges that lie ahead for the sector. 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…

Treasury CS John Mbadi during the 2025 Budget reading on June 12, 2025 at Parliament. [Elvis Ogina, Standard] The plan to include the private sector in the distribution of subsidised fertiliser is one of the strategies the government is seeking to deploy to safeguard the country’s food security, having allocated Sh97 billion to the agriculture sector for the next financial year. Detailed in the Sh4.7 trillion 2026/27 draft budget, the government also targets strategic resource allocation to facilitate soil testing in order to ensure farmers get the right fertiliser for their crops and soil type. Uncover the stories others won’t…

How high power tariffs keep manufacturers uncompetitive Published Date: 2025-12-28 12:30:00 Author: By Graham Kajilwa Source: The Standard

Affordable electricity is still elusive for manufacturers, with the latest Kenya Economic Report showing that Kenyan industries pay twice as much per kilowatt-hour (kWh) of electricity compared to larger exporting economies such as China. 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”; } else if (now >= saleStart && now <= saleEnd) { paywallEl.style.display…

President William Ruto.[PCS] You might assume that, as Head of State with access to billions even beyond the allocated budget, President William Ruto’s life is almost a fairy tale. Yet, the past weeks have been tumultuous for him as he seized every opportunity to advocate for his vision of transforming Kenya’s development focus from a hustler-centred approach to a “Singapore” model. 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 Money and Cards accepted Already a subscriber? Log in…

President William Ruto and the late former Prime Minister Raila Odinga at ⁠Kirembe Grounds in Kisumu break ground for the construction of the LV Marina Housing Project. President Ruto said that the affordable housing project turns low-income earners like Mama Mboga into home-owners.[FILE,Standard] Amid an aggressive plan by the government to build houses, behind the curtain, job seekers in the built environment are getting a cold reception from a sector that is outwardly thriving. They are unable to secure jobs despite completing their studies. Uncover the stories others won’t tell. Subscribe now for exclusive access Support Bold Journalism Unlimited access to all premium content Uninterrupted…

A section of Dongo Kundu by pass. [File, Standard] If there is one topic that Kenyans still struggle to understand about the country’s finances is securitisation.  It is a song that has been sang and chorused whenever President William Ruto steps on a podium to speak about the country’s economic future. 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…

Cyber criminal locking files. [GettyImages] Kenya’s gaming sector, including online betting and poker platforms are more susceptible to digital fraud attempts in the latest report by TransUnion, a global intelligence firm.  The report lists the gaming platform at the top at 10.4 per cent as the most affected industry according to data from the first half of the year. Logistics comes second with 7.8 per cent, followed by government 7.5 per cent. “Government services (7.5 per cent) and logistics (7.8 per cent) also experienced elevated suspected fraud rates, illustrating a broad set of digital entry points vulnerable to fraudulent account…

Passion fruits at a farm in Molo, Nakuru County. [File, Standard] Like the United States President Donald Trump’s overreaching campaign slogan ‘make America great again’, there is a subtle narrative that the same can be applied to Kenya’s agriculture sector, at least to make it attractive to the youth.  The belief is that the younger generation is not attracted to the country’s economic backbone due to the old-school farming methods that are not synonymous with what the agrarian revolution was envisioned to be.  Uncover the stories others won’t tell. Subscribe now for exclusive access Support Bold Journalism Unlimited access to all…

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…

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…