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Kenya Approves Sh895.5 bn South Lokichar Oil Plan, First Oil Set for 2026
The government of Kenya approved the South Lokichar Basin Field Development Plan (FDP), the first petroleum project in the country to advance from exploration to full development and commercial production. President William Ruto, who signed instruments for the plan’s submission to Parliament for ratification, termed the approval a historic moment that signals Kenya’s shift toward…
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Kenya’s Sh12 Trillion Debt Puts Economy at Risk, World Bank Report Shows
Kenya’s fiscal space is tightening rapidly as high public debt and weak revenue collection push the country toward a critical economic turning point, the World Bank warns in its latest assessment. The findings are published in the Bank’s Country Focus Report, released Monday in Nairobi as part of the 32nd Kenya Economic Update. According to…
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Meet the Founder Driving Prime Brick Developers Growth
When Nordin Mohamed Ibrahim was still in university, he got a chance to work at a real estate company. One day, he met a group of friends in the same industry over a casual coffee. What began as a simple conversation turned into the foundation of one of Nairobi’s fastest growing real estate companies. “Each…
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Kenya Power Launches Automated Meter Reading in Major Digital Shift
Kenya Power has started nationwide deployment of an automated meter-reading system, marking one of its most significant steps yet in digitising customer billing and reducing persistent complaints over inaccurate invoices. The technology, based on Optical Character Recognition (OCR), allows field teams to scan meter displays using handheld devices instead of typing readings manually. The utility…
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CA Denies Ordering Biometric Data Collection in New SIM Registration Rules
The Communications Authority of Kenya (CA) has dismissed public concerns that new SIM card registration regulations require the collection of biometric data, insisting that no such directive has been issued to mobile operators. In a press statement, the regulator said recent commentary suggesting mandatory biometric capture was unfounded,adding that the revised rules published in May…
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Men Dominate Mobile Money as Women Lag
Kenyan men continue to control most mobile money transactions, exposing a stubborn gender gap despite rising financial inclusion, according to the latest Central Bank of Kenya (CBK) report. In 2024, men accounted for 61 percent of all mobile money transactions across leading platforms including M-Pesa, Airtel Money and T-Kash, leaving women with just 39 percent…
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Kenyans May Give DNA, Biometrics for New SIM Cards
Kenyans registering new SIM cards may soon face unprecedented data collection requirements under the Communications Authority of Kenya’s (CA) proposed 2025 regulations. The new rules would compel subscribers to provide highly sensitive personal information, including DNA, blood type, and detailed biometric markers. Mobile operators would also be required to maintain comprehensive subscriber databases and submit…
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Relief for Land Owners as Cabinet Waives Interest on Settlement Loans
Thousands of landowners across Kenya can finally breathe easier after the Cabinet approved a plan to waive interest and penalties on long-standing land settlement loans. The decision, made during a Cabinet meeting chaired by President William Ruto at State House, targets borrowers under the Land Settlement Fund Board of Trustees who have struggled for years…
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Apple Partners with Issey Miyake for Innovative iPhone Pocket Accessory
Apple Inc. has unveiled a new collaboration with Japanese fashion house Issey Miyake, marking the tech giant’s first partnership with a fashion brand since the 2015 launch of the Apple Watch Hermès. The new product dubbed the iPhone Pocket combines cutting-edge technology and minimalist design to create a stylish yet functional accessory for the modern…
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Kalahari Cement Secures CMA Approval for East African Portland Cement Stake Acquisition
The Capital Markets Authority (CMA) has granted Kalahari Cement Limited an exemption from making a mandatory takeover offer in its planned acquisition of a significant stake in East African Portland Cement Plc (EAPC). Kalahari Cement, which was incorporated in Kenya on May 27, 2025, intends to acquire a combined 26,324,884 ordinary shares in EAPC from…
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Gulf Energy to Begin Oil Production in Kenya by 2026 After Regulatory Approval
Gulf Energy Ltd, a Nairobi-based oil and gas trader that acquired Tullow Oil Plc’s crude discoveries in Kenya, plans to commence production next year, according to a top official. Tullow agreed to sell the assets to the local firm in April for Sh15.6 billion after more than a decade of unsuccessful attempts to develop the…
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KRA to Begin Validating Income and Expense Declaration from January 2026
The Kenya Revenue Authority (KRA) has announced that starting January 1, 2026, it will commence the validation of income and expenses declared in both individual and non-individual income tax returns against specific verified data sources. According to a public notice issued by the authority, the validation process will apply upon submission of the 2025 year…
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Kenya Reinstates Managing Director After Two-Month Internal Review
Kenya Reinsurance Corporation PLC (Kneya Re) has reinstated its Managing Director, Dr. Hillary M. Wachinga, following the conclusion of a two-month internal review that began in early September. The company’s board confirmed that Dr. Wachinga resumed his duties on November 6, 2025, marking the end of the process that had temporarily sidelined the reinsurer’s top…
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Kenya Airways, Aga Khan University Hospital Partner To Boost Medical Travel Across Africa
Aga Khan University Hospital (AKUH) has entered into a partnership with Kenya Airways (KQ), through its healthcare division KQ Health, to enhance medical travel for patients across Africa. The collaboration combines Kenya Airways’ extensive regional flight network with AKUH’s advanced medical expertise to create a coordinated system for patients seeking specialized treatment in Kenya. The…
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Kenya Unveils First World Geothermal-Powered Green Fertilizer Plant
Kenya has unveiled the world’s first geothermal-powered green fertilizer plant in a partnership between the Kenya Electricity Generating Company PLC (KenGen) and China’s Kaishan Group Co. Ltd, marking an advancement in clean energy innovation and agricultural transformation in Africa. Speaking during the groundbreaking ceremony at Olkaria in Naivasha, President William Ruto hailed the project as…
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KEBS Orders Manufacturers To Pay Annual Standard Levy By November 20
The Kenya Bureau of Standards (KEBS) has directed all manufacturers in the country to remit the annual Standards Levy for the 2025/2026 financial year in line with the Standards Act, Cap 496 Laws of Kenya. According to Legal Notice No. 136 issued on 6th August 2025, all manufacturers are required to pay a levy equivalent…
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Kenya Issues Ksh175 Billion Securitised Bond To Fund Road Projects
Kenya will this month issue a KSh175 billion securitised bond to finance the construction of key road infrastructure, Treasury Cabinet Secretary(CS) John Mbadi announced on Tuesday. The long-awaited bond will be backed by a road maintenance levy component embedded in the retail price of fuel. The government has already secured a KSh12 billion syndicated loan…
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Kisumu Safari Train to Return This December
Kenya Railways has announced that the Kisumu Safari Train will be back in service by December 2025, just in time for the Christmas holidays. The move comes as the state corporation completes major repairs on the Uplands–Kijabe–Longonot Meter Gauge Railway (MGR), a key transport corridor connecting Nairobi to Kisumu. The line, which was severely damaged…
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NSE Admits Additional Shares of Williamson Tea and Kapchorua Tea To Boost Market Liquidity
The Nairobi Securities Exchange (NSE) has announced the admission of additional ordinary shares of Williamson Tea Kenya Plc and Kapchorua Tea Kenya Plc to its official list, following approval by the Capital Markets Authority (CMA). According to the NSE, the move is expected to enhance market liquidity and widen access for investors, supporting greater participation…
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KRA Seeks Public Input On New Draft Income Tax Regulations
The Kenya Revenue Authority (KRA) has invited public participation in the development of two key tax regulations aimed at enhancing compliance and aligning Kenya’s income tax framework with international standards. In a public notice issued , the Commissioner General announced that the Authority, on behalf of the Cabinet Secretary for the National Treasury and Economic…
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