Category
Business
Simba Corp Invests KSh 1 Billion in Mombasa EV Assembly Plant
Simba Corp pumps KSh 1B into a dedicated EV assembly line at AVA's Mombasa plant, fully self-funded with 60 certified technicians targeting Dongfeng, MG, BasiGo and Rideence.
KSh 22.1 Billion Japan Deal to Drive Kenya Vehicle Assembly Sector
President Ruto signs a KSh 22.1B facility with Japan's NEXI at State House targeting 200,000 jobs, local vehicle assembly and Kenya's first Samurai bond market access.
Kenya Economy to Grow 5.0% in 2026 After Subdued 2025 Performance
Kenya's GDP grew 4.6% in 2025 as agriculture and manufacturing faltered, with the Finance Ministry projecting a recovery to 5.0% growth in 2026 and 5.2% in 2027.
Kenya PMI Returns to Neutral in June, Ending Three-Month Contraction
Kenya's private sector stabilised in June 2026 with the Stanbic Bank PMI rising to the neutral mark of 50.0 from 46.6 in May, ending three consecutive months of decline.
Parliament Passes Finance Bill 2026, Ruto Signs KSh 4.8 Trillion Budget
Kenya's National Assembly passed the Finance Bill 2026 on June 18 with 122 votes in favour, clearing the way for the government's KSh 4.8 trillion budget for the 2026/27 fiscal year.
Nakuru Industrial Zone Attracts 14 New Manufacturers, Creating 3,200 Jobs
Nakuru's newly designated Special Economic Zone has attracted 14 manufacturers in its first operational year, generating 3,200 direct jobs and signalling a decentralisation of Kenya's industrial base.
Equity Group Crosses KSh 2 Trillion in Assets as Banks Surge in Q1
Equity Group Holdings posted a 24% profit surge to KSh 19.1 billion in Q1 2026 and crossed the KSh 2 trillion total-assets milestone as Kenya's banking sector rallied strongly.
Safaricom Posts Record KSh 95.6bn Profit, Pays Biggest Dividend Ever
Safaricom posted a record KSh 95.6 billion attributable profit for FY2026 and declared the largest corporate dividend in Kenya's history at KSh 80.1 billion.
Kenya Bags USD 2.9 Billion at KIICO 2026, Creating 63,000 New Jobs
Kenya's KIICO 2026 conference surpassed its USD 2 billion target, securing over USD 2.9 billion in investment deals projected to create more than 63,000 direct jobs.