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Gulf Energy Pledges Sh780bn for Turkana Oil Project
Kenyan oil exploration and production firm Gulf Energy E&P BV has reaffirmed its commitment to invest nearly Sh780 billion in the development of the Turkana oil project, as it targets first oil by December 1, 2026. Appearing before a Joint Parliamentary Committee on Energy, the company’s Chairman, Francis Njogu, described the venture as the most…
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Kenya Ramps Up Reforms to Exit FATF Grey List
Kenya has stepped up efforts to overhaul its anti-money laundering and counter-terrorism financing (AML/CFT) regime in a bid to exit the Financial Action Task Force (FATF) grey list, Treasury Principal Secretary Dr Chris Kiptoo has announced. The accelerated reforms come amid intensifying domestic and international pressure over long-standing compliance gaps that have clouded investor confidence…
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Imfuyo Donates 35 Goat Feed Bags in Kirinyaga
The Imfuyo Foundation has donated 35 bags of dairy goat concentrate to members of the Muthegi Agricultural Development Forum in Kagio, Kirinyaga County, in a bid to strengthen dairy goat milk production as farmers transition from subsistence farming to commercial supply. The initiative, carried out on February 11, 2026, was informed by the need to…
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MPesa Foundation Unveils Sh272.9 Million Education Project in Garissa
The MPesa Foundation has broken ground on a Sh272.9 million Tuition Complex at Garissa University in a move set to benefit more than 5,000 learners. The project, funded under the Citizens of the Future Programme, will see the construction and equipping of modern lecture halls, science and ICT laboratories, faculty offices, examination and conference facilities.…
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KAM Welcomes 16-Month AGOA Extension, Calls for Kenya-US Trade Deal
The Kenya Association of Manufacturers (KAM) has welcomed a 16 month retrospective extension of the African Growth and Opportunity Act (AGOA), saying the renewal will sustain Kenyan exports to the United States and support business continuity for both countries. In a statement issued Wednesday, KAM said the extension preserves preferential access for Kenyan goods to…
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Can NYOTA Turn the Tide on Kenya’s Youth Unemployment?
Kenya’s youth unemployment challenge remains one of the country’s most pressing socio-economic concerns. While the national unemployment rate is estimated at about 5–6 per cent, unemployment among young people aged 15–24 stands at around 15 per cent, with millions more underemployed or discouraged from seeking work altogether. It is against this backdrop that the National…
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Inside NYS Project Reshaping Uasin Gishu Roads
The National Youth Service and the County Government of Uasin Gishu have launched one of the most expansive rural road infrastructure programmes in the county’s history, targeting improved connectivity and economic activity across all wards. Under the initiative, more than 700 kilometres of roads will be graded and gravelled across all 30 wards. The programme,…
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CBK Warns Against Defacing Banknotes in Cash Gifts
The Central Bank of Kenya (CBK) has warned Kenyans against the growing misuse of currency notes for decorative and celebratory purposes, saying the trend undermines the integrity of the Kenya Shilling and violates the law. In a public notice issued on February 2, 2026, the Bank said it noted a growing trend in the use…
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DTB to Apply Risk-Based Pricing on Existing Loans in 2026
Diamond Trust Bank Kenya Limited (DTB) has announced it will implement a revised Risk-Based Credit Pricing Model (RBCPM) on existing local-currency variable-rate loans beginning next year, in line with Central Bank of Kenya (CBK) guidelines. In a public notice, the lender said the revised model will apply to facilities issued on or before November 30,…
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How Vibo Eats Is Turning Food Aid Into Income for Nairobi’s Vulnerable Families
At least 200 vulnerable households in Nairobi’s Dagoretti South have benefited from Zero to One, a food distribution and livelihoods programme spearheaded by Vibo Eats. The initiative, which has been rolled out across several parts of Nairobi County, is designed to cushion low-income families against food insecurity while reducing food waste and creating income-earning opportunities.…
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Kabarak Named Best Institution for Technology and Research as VC Kiplangat Wins CEO of the Year
Kabarak University has been awarded as the best higher education institution of technology and research following its continued focus on innovation and market-driven teaching techniques by Africa Champions International Awards. Speaking during the award ceremony held at Argyle Grand Hotel Nairobi, Kabarak University Vice Chancellor Prof Henry Kiplangat said the award came as a result…
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Kenya’s Economy Set for Moderate Recovery in 2026
Kenya’s economy is poised for a gradual recovery in 2026 as macroeconomic stability improves and activity in key sectors strengthens, according to recent forecasts from global lenders and data from the World Bank’s latest Kenya Economic Update 2025. The multilateral lender projects that real gross domestic product (GDP) will expand by about 4.9 percent in…
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The Aga Khan University Hospital Achieves Fifth Successive International Quality Accreditation
The Aga Khan University Hospital, Nairobi (AKUH, N) has been accredited by the Joint Commission International (JCI), marking its fifth successive accreditation and reaffirming its position as a regional leader in quality and patient safety. AKUH, N was the first hospital in East Africa to achieve the prestigious JCI quality standard in 2013 and has…
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Shelter Afrique Appoints New Board Leadership to Drive Growth
Shelter Afrique Development Bank (ShafDB) has named Lionel Zinsou as Chairman of the Board and Said Athman Mtwana as Vice Chairman. The appointments were made during the Bank’s 149th Board meeting on 11 December. Zinsou, former Prime Minister of Benin and a seasoned economist, brings decades of experience in global finance, investment banking, and public…
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Kenya Power Shifts to Digital-Only Systems for New Connection
Kenya Power has officially stopped accepting manual electricity connection applications as it transitions fully to a digital system designed to accelerate service delivery, boost transparency, and enhance customer experience. Under the new directive, all individuals and businesses seeking new electricity connections must apply exclusively through the company’s online portal at https://selfservice.kplc.co.ke/public/, accessible via both computers…
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Inside Kenya Gulf Energy’s Revised T7 Oil Contract Shift
The Government of Kenya has signed a major addendum to the Production Sharing Contract (PSC) governing oil exploration and production in Block T7 formerly Block 13T marking one of the most significant updates to the country’s petroleum framework in recent years. The addendum, signed in November 2025, brings Gulf Energy E&P B.V. onboard as the…
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Ruto Launches Debt-Free A8 Highway in Sh170bn PPP Boost
President William Samoei Ruto on November 28, 2025, launched the Nairobi–Nakuru–Mau Summit Road (A8) and the Nairobi–Mai Mahiu–Naivasha Project, hailing the initiative as the “dawn of a new era” for Kenya. The project, valued at over Sh170 billion, is being celebrated as debt-free and is set to become one of the country’s largest modern infrastructure…
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Sanlam Kenya Rebrands to SanlamAllianz, Targets Top Three Rank
Sanlam Kenya has officially rebranded to SanlamAllianz Kenya as the listed financial services firm positions itself for accelerated growth and a top-three ranking in Kenya’s insurance industry. The name change to Sanlam Allianz Holdings (Kenya) PLC, now trading as SanlamAllianz Kenya, follows the recent joint venture between South Africa’s Sanlam and global insurer Allianz creating…
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KRA Gives Fuel Stations December 31 Deadline to Comply with eTIMS or Face Penalties
The Kenya Revenue Authority (KRA) has issued a fresh reminder to all petroleum product retailers to fully implement the Electronic Tax Invoice Management System (eTIMS) for fuel stations ahead of the December 31, 2025 enforcement deadline. In a public notice dated November 25, 2025, the tax agency emphasized that all fuel outlets were required to…
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Paramount Bank Hits Regulatory Milestone as Capital Rises to Sh3.1bn
Paramount Bank has crossed the Central Bank of Kenya’s (CBK) minimum core capital requirement of Sh3 billion, achieving a major regulatory milestone more than a month before the December 2025 deadline. The lender disclosed that its core capital reached Sh3.118 billion as of September 2025, a significant boost driven by a successful rights issue that…
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