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Business
Kenya business news: markets, SMEs, banking, trade and the economy. Practical context for workers, founders and investors.
MPs: Housing Levy's Sh63bn stream sits outside Controller of Budget oversight
A CIOC report says the Housing Levy is classed as a levy not a budgeted fund, blocking CoB Margaret Nyakang'o from independent oversight of an estimated Sh63bn a year; Hinga cites Sh5–6bn monthly collections.
Sakaja plans 1,200-vehicle modern garage as historic Grogon repair hub is remade
Nairobi Governor Johnson Sakaja unveiled plans for a modern facility holding up to 1,200 vehicles as Grogon mechanics face relocation under the Nairobi River Regeneration Programme.
SGR freight tops 50 million tonnes since Mombasa-Nairobi line opened
Afristar said cumulative freight on the Mombasa-Nairobi SGR reached 50.015 million tonnes by 26 July, with 18.606 million passengers since 31 May 2017 and more than 3,300 safe operating days on the 472km line.
TSC to advertise 34,000 promotions next week as 20,000 JSS tutors head to permanent terms
At St. George’s Girls’ 40th anniversary, TSC chair Jamleck Muturi said over 34,000 promotion slots will be advertised next week and funds are set to put 20,000 JSS teachers on permanent terms — against a Sh784.5bn education budget and prior tallies of 100,000 hires and 270,000 promotions.
Kenya condemns Red Sea attacks, leans on G-to-G fuel deals with Saudi producers
The Foreign Affairs / PCS office condemned Houthi attacks on Red Sea shipping, warned of higher freight, insurance and inflation, and said Kenya will keep using government-to-government fuel import arrangements with major producers, notably Saudi Arabia.
Illicit alcohol is 60% of Kenya’s consumption, industry lobby says
The Alcoholic Beverages Association of Kenya says about 60 per cent of alcohol consumed in the country is illicit, warning that illegal trade undercuts formal industry, tax and public health — a figure that should force a rethink of enforcement and licensing, not only raids for cameras.
Mudavadi warns Red Sea crisis could lift fuel prices and stoke inflation
Prime Cabinet Secretary Musalia Mudavadi has warned that Red Sea shipping attacks and threats around Bab al-Mandab could push up fuel prices and inflation in Kenya — a logistics shock that households would feel at the pump and the kitchen before the communiqués finish.
County pension arrears hit Sh50bn as governors demand arrests
County governments and other quasi-government agencies face tens of billions in unremitted pension contributions — with county arrears alone cited around Sh50 billion — as governors demand arrests over a crisis that steals workers’ retirement in slow motion.
Fresh court battle over forensic audit of Sh9.6tn Uhuru–Ruto public debt
Petitioners are pushing a fresh legal battle for a forensic audit of Kenya’s public debt stock associated with the Uhuru and Ruto eras — about Sh9.6 trillion in the framing of the case — and want officials held personally liable for alleged unlawful borrowing.