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.…
Author: By Graham Kajilwa
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…
Kenya Mortgage Refinance Company CEO Johnstone Oltetia during a past interview. [File, Standard] The Director, Credit and Operations at Shelter Afrique Development Bank, Chris Chege, tabled an interesting proposal at the just concluded Kenya Mortgage Refinance Company (KMRC) Affordable Housing Conference 2025. That, maybe, it is time Kenya develops a policy on the issuance of temporary titles. Such titles could be issued by developers, or the initial owners of the project – and will be legal so that financial institutions can accept. The reasoning behind this proposal is the agony developers go through to sell their units after completion. Follow The…
China Square store at the Unicity mall near Kenyatta University. [File, Standard] When China Square opened its first store in 2023 at Unicity Mall, along Thika Road in Kiambu County, the whole of Kamkunji, Nyamakima, and Gikomba trading community was up in arms. The then Investments, Trade and Industry Cabinet Secretary Moses Kuria and former Deputy President Rigathi Gachagua vowed to fight for the Kenyan traders whose livelihoods were at risk. Then months later, Shiquo HiiStyle emerged, rattling the status quo even more. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock the…
Cabinet Secretary for National Treasury and Economic Planning John Mbadi before The Standing Committee on Devolution and Intergovernmental Relations to deliberate on the commercial bank accounts operated by county governments contrary to the law at Bunge Towers, Parliament, Nairobi. July 17th,2025. [Elvis Ogina, Standard] Public Investments and Assets Management Principal Secretary Cyrell Odede has confirmed that all ministries, state departments and independent commissions have registration on the e-government procurement system. The entities, he said, in a circular dated September 1, 2025, have also uploaded their budgets on the e-GP system. This is even as disquiet intensifies among other government offices, particularly counties, on the…
Hosea Kili, Managing Director/CEO CPF group, during the launch of Salih Shariah Compliant Retirement Fund. [Wilberforce Okwiri, Standard] In his comical self, CPF Group managing director and chief executive Hosea Kili narrated how his wife was uninterested in an offer to invest their ‘chama’ money in the financial company he manages. “She calculated the returns we are giving and compared it to what they charge each other, and she said, ‘You cannot compete,” said Kili. Amid the chuckles from wealth management experts in the room, who were attending the Taifa Pension Fund financial release, one of the products under the…
Treasury CS John Mbadi appears before the National Assembly Education Committee at County Hall, Nairobi, on July 24, 2025. [Elvis Ogina, Standard] There was a time when it was normal for Cliff Odera to make gross sales of Sh200,000 in a month. Those days are now gone. “Now making even Sh100,000 is difficult,” he says. /* 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 auto; padding: 25px; border: 1px solid #e0e0e0;…
President William Ruto and his Ugandan counterpart Yoweri Museveni at State House, Nairobi. [PHOTO HIRAM OMONDI/PCS. 30/7/2025] Movement of goods between Kenya and Uganda will now be treated as transfers as the two governments move to eliminate all tariffs associated with trade at all border points. Additionally, Kenya and Uganda have prioritised completion of key infrastructure projects, among them border posts, roads and bridges to aid the movement of goods and people across the region. A joint communique from the respective countries’ ministers of trade detailed the expected changes, noting directives from President William Ruto and his Ugandan counterpart Yoweri…
Times Tower and CBK Pension Towers Hrambee Avenue Nairobi.[Wilberforce Okwiri,Standard] The latest data from the pensions regulator shows a drop in the number of schemes to 951 as the value of assets under management grew by 21.18 per cent, the highest over the last decade. The Retirement Benefits Authority (RBA), in its Statistical Digest 2024, shows the number of schemes stood at 951 last year, down from 967 in 2023, a contraction of two per cent. However, this drop, as explained by the RBA, is associated with smaller schemes joining umbrella schemes, a push that has gained momentum from industry players in the recent past.…
Times Tower and CBK Pension Towers Hrambee Avenue Nairobi.[Wilberforce Okwiri,Standard] The latest data from the pensions regulator shows a drop in the number of schemes to 951 as the value of assets under management grew by 21.18 per cent, the highest over the last decade. The Retirement Benefits Authority (RBA), in its Statistical Digest 2024, shows the number of schemes stood at 951 last year, down from 967 in 2023, a contraction of two per cent. However, this drop, as explained by the RBA, is associated with smaller schemes joining umbrella schemes, a push that has gained momentum from industry players in the recent past.…
Mergers and acquisitions (M&As) in the communication and non-essential consumer goods sectors are more likely to derive shareholder value, a new report shows. The report by business advisory firm KPMG also shows that the shorter the period between announcing an M&A and sealing the deal, the more likely it is that shareholder value will not hold long. The report published yesterday shows that deals in the healthcare and energy sectors are challenging to derive value post-merger or acquisition. “This may be attributed to the inherent complexities and uncertainties within these sectors, such as regulatory changes in healthcare and the cyclic…
View of building new concrete houses. [File, Iakov Filimonov] Director of Zima Homes Etta Madete has a guiding mantra on real estate development: When you build, the buyers will come, but they will come slowly. It is the belief that fuels her patience in the business. 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 and Cards accepted Already a subscriber? Log in to pay 5 for this article Follow The…
Data Commissioner Immaculate Kassait during a stakeholders meeting with players in the digital finance space on compliance and regulations. [Wilberforce Okwiri, Standard] The Office of the Data Protection Commissioner is mulling a sandbox where digital credit providers (DCPs) can host new technologies. This comes amid the rollout of new guidelines on how artificial intelligence (AI) can be applied for lenders. Data Commissioner Immaculate Kassait said her office has already benchmarked with the Capital Markets Authority (CMA) on how the sandbox will operate. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock the Truth…
HF Group CEO Robert Kibaara, HF Bancassurance Intermediary Principal Officer Maureen Stephyne and HFC Managing Director Peter Mugeni during the investors briefing. The Group reported a profit after tax of Ksh 525 million for the full year 2024.[Courtesy] HF Group nearly doubled interest income on government paper in the six months to June 2025, raising its profit before tax by 148 per cent to Sh702.9 million. The listed financial solutions provider’s interest income from government securities closed the six-month period at Sh1.3 billion compared to Sh676.0 million in the same period in 2024. Interest from loans and advances increased marginally in the period from Sh2.321 billion…
National Treasury Cabinet Secretary John Mbadi addresses participants during 2025/2026 Deloitte Kenya National Budget Analysis, on June 13, 2025.[ Wilberforce Okwiri, Standard] National Treasury Cabinet Secretary John Mbadi has defended President William Ruto’s administration, outlining how government economic policies have eased the cost of living in the country. 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…
Banks have taken a hit on their financials with reduced income charged on loans following the low interest regime that the Central Bank of Kenya (CBK) started in August 2024. year. Half year financials published by several banks show how their total interest income and, in some cases, net interest income dropped, as the institutions were forced to adjust their lending rates downwards. Particularly, income from loans and advances to customers dropped in the period compared to the previous year. Follow The Standard channel on WhatsApp The financial results from Family Bank, Standard Chartered, Equity Bank, Absa Bank Kenya and,…
National Treasury Cabinet Secretary John Mbadi says no allocations will be made to state agencies if projects against which the cash has been requested can be funded through public-private partnerships. [Elvis Ogina, Standard] State agencies are under strict instructions to prioritise private funding in their 2026-2027 budget requests. The National Treasury insists that allocations for the year to the entities will be based on the robustness of their public participation engagement in the budgeting process. The strict guidelines will also affect ministries and departments as the government seeks to reduce their overreliance on the Exchequer amid shrinking fiscal wiggle room.…
Immaculate Kassait, Data Commissioner Kevin Mutiso, Chair Digital Financial Services Association of Kenya during a stakeholders meeting with players in the digital finance space on compliance and regulations.[Wilberforce Okwiri,Standard] Digital lenders in Kenya, under the Digital Financial Services Association of Kenya (DFSAK), have accused the Central Bank of Kenya (CBK) of overstepping its authority by regulating their customer data management. They argue that overlapping mandates from CBK, the Competition Authority of Kenya (CAK), and the Office of the Data Protection Commissioner (ODPC) create operational challenges, forcing lenders to allocate significant resources to comply with conflicting regulatory requirements. The lack of…
The Central Bank of Kenya. [File, Standard] The Central Bank of Kenya (CBK) is one of the regulators singled out by digital lenders for overreaching its mandate on the data aspect of their businesses. Through their lobby, the Digital Financial Services Association of Kenya (DFSAK), the lenders have raised concern over the multiplicity of regulatory mandates by supervisory bodies, sometimes on the same complaint. This forces them to deploy resources to apply the recommendations as specified by the regulators. This challenge has also been exacerbated by the majority of consumers who are not well-versed on which regulator handles what sort of complaint. Follow The Standard channel on WhatsApp Apart from CBK, the Competition Authority and the Office of the Data…
Shoppers are seen walking in and out of Sarit Centre Mall Westlands shopping for Christmas.[FILE/Standard} The growing trend of supermarkets opening outlets in residential areas has been linked to the reduced footfall in major malls, which are now carving a niche in the expos and international exhibitions space. It is a strategy noted in the latest Knight Frank release, which points out how some malls, such as Sarit Centre, are utilising their strategic locations as they weather the changes in consumer behaviour. For newer malls, however, these businesses are focusing on convenience as their selling point, an area that is…
A wide angle view of UNEP conference room during the UN Kenya person of the yea Awards at the UNEP headquaters in Gigiri , Nairobi on October 24, 2022.[FILE/Standard] The planned set-up of three new United Nations (UN) global offices in Nairobi is expected to revive interest in high-end properties in the city, with real estate consultant Knight Frank projecting increased prices. 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…
Activities at Malaba border on July 1, 2015. [Benjamin Sakwa/Standard] In the next one year, a mobile phone will be cheaper in Uganda than in Kenya, if the latest review of the Common External Tariff (CET) by countries in the region is anything to go by. The review applicable for the financial year 2025/2026, shows that countries continues with the trend of stays of application in a bid to protect their nascent industries, Kenya included. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock the Truth Now 》 Unlimited access to all premium…
Kenya Airways at JKIA, Nairobi. [File, Standard] The government is reconsidering its policy that guides approval of frequency applications by airlines to fly to Nairobi, a move that will have the national carrier Kenya Airways (KQ) face stiff competition even as the country seeks to grow trade. Amid several trade deals the government has struck with other economic blocs, exporters of agricultural produce have had issues with the capacity of freighters and the cost. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock the Truth Now 》 Unlimited access to all premium content…
From left: I&M Bank Group CFO David Ngata, Regional CEO Kihara Maina, I&M Bank Kenya CEO Gul Khan and Gauri Gupta during the release of the FY2024 results in Nairobi, on March 26, 2025. [File, Standard] I&M Group is banking on organic growth as it seeks to cement its footprint in the region. The group, which has operations in Mauritius, Uganda, Rwanda, Tanzania and Kenya, targets to have other subsidiaries outside of Kenya contribute 50 per cent to its balance sheet. In the latest financial results for the first half of the year, these businesses contributed 24 per cent to…
Live Live Live Live Live Live Live Live Live Live Published Date: 2025-08-15 00:00:00 Author: By Graham Kajilwa Source: The Standard
Live Live Live Live Live Live Live Live Live Live Published Date: 2025-08-15 00:00:00 Author: By Graham Kajilwa Source: The Standard
Fuel prices drop marginally in latest Epra review. [File, Standard] The Energy and Petroleum Regulatory Authority (Epra) has cut fuel prices marginally by Sh1 in its latest review cycle. The reduction affects kerosene and super petrol. Diesel prices remain unchanged for the period. As such, the maximum allowable price of a litre of petrol will be Sh182.03 in Mombasa, Sh185.31 in Nairobi, Sh185.35 in Nakuru, Sh185.16 in Kisumu, and Sh185.17 in Eldoret Follow The Standard channel on WhatsApp “In the period under review, the maximum allowed pump prices for super petrol and kerosene decrease by Sh1.00/litre respectively while the price…
Commercial banks have six months to revise their lending rates to reflect the risk-based credit pricing model spearheaded by the Central Bank of Kenya (CBK). The regulator said on Wednesday unlike when the model was first introduced, this time round the timelines for implementation have been specified. CBK Governor Kamau Thugge said he has scheduled a meeting with commercial bank chiefs next week to iron out remaining issues. Follow The Standard channel on WhatsApp Dr Thugge said there is largely a convergence between CBK and commercial banks on the Risk Based Credit Pricing Model (RBCPM). “We have a meeting with the banks…
An open dinning place and a sitting room at the MI VIDA homes at the Garden City in Nairobi. [Wilberforce Okwiri,Standard] Behind the aggressive push fueling the construction boom under the affordable housing programme is a sustained narrative that Kenya has a shortage of two million units. This insinuates available demand. Director of Zima Homes Etta Madete however, questions the quality of this demand? “There is this two-million deficit, the demand is there, but it is not qualified demand,” she says. “And if you don’t facilitate end user finance, it does not matter how big, fast or beautiful you build.”…
A section of the Nairobi-Mombasa highway with the Standard Gauge Railway in the background. The road will now be expanded to accommodate more traffic. [David Gichuru, Standard] The government has abandoned the ambitious plan for the $3.6 billion (Sh468 billion) expressway to Mombasa, opting to instead expand the existing Nairobi-Mombasa Highway. The Kenya National Highway Authority (KeNHA), in a notice, said the proposal for the expressway does not meet the criteria, hence the decision to abandon it. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock Now Unlimited access to all premium content…
President William Ruto at the commissioning of Nex Gen packaging Kenya EPZ Ltd in April 2024. Ruto says Kenya’s relations with the US is robust. [File, Standard] Jeff Gable, Head of Financial Intelligence Centre Absa Group, is quick to dismiss the effect of United States’ 10 per cent tariff on Kenyan exports. “Whereas it is uncomfortable, it is probably not enough that people are going to move their textile machines to Alabama,” he says, referencing Kenya’s major export to the US, textiles and apparel. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock…
New findings show how the giant society’s board siphoned huge cash from the entity through monthly allowance and numerous meetings, forcing the regulator to step in to protect members’ contributions. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock 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 Follow The Standard channel on WhatsApp Follow The Standard channel on WhatsApp Published Date: 2025-08-13 00:00:00 Author: By Graham Kajilwa Source: The Standard
A section of the Nairobi-Mombasa highway with the Standard Gauge Railway in the background. The road will now be expanded to accommodate more traffic. [David Gichuru, Standard] The government has abandoned the ambitious plan for the $3.6 billion (Sh468 billion) expressway to Mombasa, opting to instead expand the existing Nairobi-Mombasa Highway. The Kenya National Highway Authority (KeNHA), in a notice, said the proposal for the expressway does not meet the criteria, hence the decision to abandon it. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock Now Unlimited access to all premium content…
The latest data published by the Central Bank of Kenya shows the lending rate, as at June 2025, stood at 15.28 per cent. [Courtesy] When Kenya Bankers Association (KBA) Chief Finance Officer Kennedy Mutisya presented the innovative idea on how the government could pay VAT refunds using bonds to President William Ruto recently, he did not anticipate what would come next. While President Ruto welcomed the idea, which has been used to handle pending bills in the roads sector, he shifted the spotlight to Mutisya, tasking him to explain why banks are sluggish to bring down interest rates. Unlock the Full…
Sasra Chief Executive Peter Njuguna seeks to streamline Afya Sacco Society Ltd. [File, Standard] The regulator has moved to recover part of more than Sh500 million, said to have been misappropriated by the management of Afya Sacco Society Ltd. The money was siphoned through excess allowances associated with Sacco activities, either through cash or cheques, with some of the transactions not featuring in its records. The Sacco Societies Regulatory Authority (Sasra), in a damning letter, shows Sh90 million was withdrawn from the Sacco’s back office (Bosa) but remained unaccounted for in the transactions register. Follow The Standard channel on WhatsApp…
The latest data published by the Central Bank of Kenya shows the lending rate, as at June 2025, stood at 15.28 per cent. [Courtesy] When Kenya Bankers Association (KBA) Chief Finance Officer Kennedy Mutisya presented the innovative idea on how the government could pay VAT refunds using bonds to President William Ruto recently, he did not anticipate what would come next. While President Ruto welcomed the idea, which has been used to handle pending bills in the roads sector, he shifted the spotlight to Mutisya, tasking him to explain why banks are sluggish to bring down interest rates. Uncover the stories…
From left: Equity Life Assurance (Kenya) Limited MD Angela Okinda, Equity Group CEO, Dr James Mwangi, Equity Group Foundation Operations Director Joanne Korir and Equity Bank Kenya MD Moses Nyabanda, during the Half Year 2025 Investor briefing in Nairobi, on August 11, 2025. [Wilberforce Okwiri, Standard] Equity Group Holdings has revealed plans to reduce its exposure to government securities by over 80 per cent as it reallocates its balance sheet to reflect the changing economic climate. A sustained drop in the Central Bank Rate (CBR), now at 9.75 per cent, has partly informed this decision, as the financial services company…
President William Ruto arrives for the presidential round table with Kenya Private Sector Alliance at Emara Ole Sereni, Nairobi, on August 6, 2025. [PCS] The government is considering buying a 20 per cent stake in capital-intensive industries initiated by the private sector in a bid to derisk the entities. A budget of Sh20 billion to the Kenya Development Corporation (KDC) has been suggested by President William Ruto to facilitate this plan as his administration seeks to boost industrial growth in the country. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock Now Unlimited…
Treasury CS John Mbadi during the 2025 Budget reading on June 12th,2025 at Parliament [Elvis Ogina,Standard] When it comes to timely disbursement of funds to county governments, accusations never cease to flare up. What the law envisioned to be a simple click of the button becomes a web of finger pointing. Counties accuse the national government of sabotage; Controller of Budget points finger at counties; governors blame Controller of Budget; national government blame Controller of Budget—and the National Treasury says it is the economy. Unlock the Full Story — Join Thousands of Informed Kenyans Today Subscribe Today & Save! Unlock…
Published Date: 2025-08-08 08:00:00 Author: By Graham Kajilwa Source: The Standard
President William Ruto during the presidential roundtable with the Kenya Private Sector at Ole Sereni Hotel in Nairobi, on August 6, 2025. [PSC] Businesses will soon be able to use the tax credits they are owed by the taxman as Value Added Tax (VAT) refunds to offset other tax obligations if a proposal presented to President William Ruto is approved. The President’s office is also reconsidering the three-month provision in the Finance Act, 2025, regarding the verification and payment of VAT refunds, to revert it to 90 days. The provision before, as contained in the Tax Procedures Act, indicated that…
President William Ruto and 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.[PCS] Beneath the push to meet the country’s housing deficit of two million units, is an industry that is quite conflicted between the existing demand and what is affordable. Notwithstanding the confusion behind what exactly is affordable, the argument by experts is that Kenya, predominantly Nairobi, is a rental market. Uncover the stories others won’t tell. Subscribe now for exclusive access Subscribe Today & Save! Unlock Now Unlimited…