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Kenya Launches First Premium Green Coffee Export To Italy
Business

Kenya Launches First Premium Green Coffee Export To Italy

Kenya launched its first fresh premium coffee exports after officially flagging off the first 20 containers of green coffee beans to Trieste Port, Italy. The shipment, led by Sumseron Coffee and Tea Limited, signals Kenya’s effort to diversify its export destinations while increasing earnings for co...

about 18 hours ago1 min read
CBK Urges Kenyans to Report Illegal Loan Apps After Licensing 25 New DCPs
Business

CBK Urges Kenyans to Report Illegal Loan Apps After Licensing 25 New DCPs

The Central Bank of Kenya (CBK) has approved licences for 25 Digital Credit Providers (DCPs), bringing the total number of verified DCPs in the country to 256 as of July 2026. In a statement issued on Tuesday, the CBK said it has received more than 800 applications since March 2022. It added that it...

about 18 hours ago1 min read
Safaricom stake sale to lift Kenya’s forex cover to seven months
Business

Safaricom stake sale to lift Kenya’s forex cover to seven months

NAIROBI, Kenya, July 15 – The Central Bank of Kenya (CBK) expects the country’s foreign exchange reserves to rise to about Sh2.1 trillion (nearly $16 billion) once proceeds from the government’s sale of its Safaricom stake are received, boosting import cover to about seven months. ...

about 18 hours ago1 min read
Kenya eyes Sh646bn investments through planned carbon exchange
Business

Kenya eyes Sh646bn investments through planned carbon exchange

NAIROBI, Kenya, July 15 – Kenya plans to attract about $5 billion (Sh646 billion) in investments by 2028 through a planned carbon exchange and stronger rules for carbon trading. The Nairobi International Financial Centre (NIFC) said the exchange would provide a regulated market where investors...

about 18 hours ago1 min read
Govt to earn Sh22.5mn monthly from Mombasa LPG terminal land lease
Business

Govt to earn Sh22.5mn monthly from Mombasa LPG terminal land lease

NAIROBI, Kenya, July 15 – The Government is set to earn Sh22.5 million every month after leasing land owned by Kenya Petroleum Refineries Limited (KPRL) to Asharami Synergy Limited for the construction of a liquefied petroleum gas (LPG) storage facility in Mombasa. The 23.19-acre parcel will b...

about 18 hours ago1 min read
Tax uncertainty threatens NIFC’s $5bn investment target
Business

Tax uncertainty threatens NIFC’s $5bn investment target

NAIROBI, Kenya, July 15 – Concerns over Kenya’s unpredictable tax policies could undermine the country’s ambition to attract $5 billion (Sh646 billion) in investments through the Nairobi International Financial Centre (NIFC) by 2030, as investors continue to demand greater policy certain...

about 18 hours ago1 min read
CBK assures stable shilling amid Dollar inflows
Business

CBK assures stable shilling amid Dollar inflows

NAIROBI, Kenya, July 15 – The Central Bank of Kenya (CBK) has assured Kenyans that the shilling will remain stable as the country receives fresh inflows of US dollars from recent government asset sales. CBK Governor Kamau Thugge said the foreign exchange reserves are expected to remain strong,...

about 18 hours ago1 min read
CBK licenses 25 new digital lenders, pushes approved firms to 252
Business

CBK licenses 25 new digital lenders, pushes approved firms to 252

NAIROBI, Kenya, July 14 – The Central Bank of Kenya (CBK) has licensed 25 additional Digital Credit Providers (DCPs), bringing the total number of approved digital lenders in the country to 252. The latest approvals are part of an ongoing licensing exercise that began in March 2022 after Parli...

1 day ago1 min read
Dollar-millionaires in Kenya grow 20pc, Knight Frank report
Business

Dollar-millionaires in Kenya grow 20pc, Knight Frank report

NAIROBI, Kenya, July 14 – The number of high-net-worth individuals (HNWIs) in Kenya increased by up to 20 percent in 2026, up from growth of up to 10 percent recorded last year. The latest Knight Frank Wealth & Investment Trends report indicates that 44 percent of wealth managers experienc...

1 day ago1 min read
Form imejipa na County rewards its first Sh1mn winner
Business

Form imejipa na County rewards its first Sh1mn winner

NAIROBI, Kenya July 14 – Kenya Wine Agencies Limited (KWAL) has announced the first winner Sh1 million Winner in highly popular “Form Imejipa Na County” consumer promotion that will see prizes worth over Sh35 million shillings awarded to consumers who participate in the campaign. J...

1 day ago1 min read
Kenya’s ultra-rich favour local investments over UK, South Africa
Business

Kenya’s ultra-rich favour local investments over UK, South Africa

NAIROBI, Kenya, July 14 – Kenyan high-net-worth individuals (HNWIs) continue to favour investing locally over the United Kingdom and South Africa, with market familiarity remaining a key driver alongside growing opportunities across residential, commercial, industrial and alternative real esta...

1 day ago1 min read
Silver vs Gold: Which Metal Makes More Sense to Trade Right Now?
Business

Silver vs Gold: Which Metal Makes More Sense to Trade Right Now?

Gold and silver CFDs are commonly used in the trading market, but at times it can be difficult to choose between the two, especially when at various phases of the market cycle one metal provides a better indication. In this article, we analyze the main features of gold vs silver, the importance of t...

3 days ago0 min read
Court orders fresh review of KenGen carbon credits tender
Business

Court orders fresh review of KenGen carbon credits tender

NAIROBI, Kenya, July 13 – The Court of Appeal has ordered a fresh review of a disputed Kenya Electricity Generating Company (KenGen) carbon credits tender, ruling that procurement entities cannot introduce new evaluation criteria during the due diligence stage of a tender process. In a judgmen...

3 days ago1 min read
Sinyalu MP faces bankruptcy petition over unpaid debt
Business

Sinyalu MP faces bankruptcy petition over unpaid debt

NAIROBI, Kenya, July 13 – Sinyalu Member of Parliament Fred Ikana is facing bankruptcy proceedings at the High Court after a creditor moved to have him declared bankrupt over an alleged unpaid debt. Court documents show that a bankruptcy petition has been filed at the High Court’s Commer...

3 days ago1 min read
OPEC lowers oil demand forecasts for 2026
Business

OPEC lowers oil demand forecasts for 2026

VIENNA, July 13 (Xinhua) — Global oil demand is forecast to grow by 800,000 barrels per day (bpd) in 2026 year-on-year, down from last month’s assessment, said a report released on Monday by the Organization of the Petroleum Exporting Countries (OPEC). OPEC made the forecast in its lates...

3 days ago1 min read
Poverty has greater impact on brain ageing than cancer, study
Business

Poverty has greater impact on brain ageing than cancer, study

NAIROBI, Kenya, July 13 – Poverty may have a greater influence on healthy brain ageing than a cancer diagnosis, according to a new study by the Aga Khan University Brain and Mind Institute (AKU-BMI), highlighting the role of socioeconomic conditions in shaping long-term cognitive health. The three-y...

3 days ago1 min read
Govt begins ICT rollout in 10,000 junior schools
Business

Govt begins ICT rollout in 10,000 junior schools

NAIROBI, Kenya, July 13 – The Government has launched the ICT Integration in 10,000 Junior Schools Project, a nationwide initiative aimed at integrating technology into learning and transforming classroom experiences for learners under the Competency-Based Education (CBE) curriculum. Deputy Pr...

3 days ago1 min read