Africa’s richest industrialist, Aliko Dangote, is preparing his three daughters to take on greater responsibilities across his business empire as his fortune edges towards a potential $58 billion, or approximately Ksh7.56 trillion. The succession strategy comes as he pursues an ambitious expansion plan that could transform his family conglomerate into one of the world’s most…
President William Ruto has unveiled plans to reduce the cost of buying land in Kenya through a proposed stamp duty exemption for transactions valued at Ksh1 million and below. The proposal is aimed at easing the financial burden on Kenyans seeking to acquire land, particularly low-income earners who face additional costs when purchasing or transferring…
President William Ruto has defended his administration’s economic record, citing a doubling of Kenya’s stock market value to Ksh4.2 trillion, increased foreign direct investment and expanded access to credit as key achievements during his Mashujaa Day address in Eldoret. Speaking on Tuesday, October 20, 2026, during the Mashujaa Day celebration in Eldoret, Ruto said his…
The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) has retained the Central Bank Rate (CBR) at 8.75 per cent, citing a stable inflation outlook, a resilient shilling, and sustained economic growth. The decision was announced during the MPC meeting held on October 7, 2026. The committee noted that Kenya’s overall inflation remained within…
Kenya’s dairy sector is producing more milk and earning more from exports, but consumers are still facing shortages and higher prices, exposing a supply-chain gap between farm output and milk reaching formal markets. Deputy President Kithure Kindiki said on Wednesday that milk production had increased from 4.6 billion litres to 5.2 billion litres, while dairy…
Kenyan investors can now seek exposure to the Dangote Petroleum Refinery & Petrochemicals IPO through a Global Depository Receipt (GDR) structure after the Capital Markets Authority (CMA) approved a prospectus, paving the way for participation through the Nairobi Securities Exchange (NSE). The CMA said on October 5, 2026, that it had approved the Short Form…
The Kenya Revenue Authority (KRA) has announced a scheduled maintenance exercise that will temporarily affect access to its Electronic Tax Invoice Management System (eTIMS) on Friday, October 2, 2026. According to the notice issued by the tax authority, eTIMS services will be unavailable to all users for two hours, from 8:00 p.m. to 10:00 p.m….
A public petition to the National Assembly is seeking an investigation into Safaricom‘s SIM card deactivation and reallocation practices, raising questions about access to customer funds, deceased subscribers’ estates, personal data and consumer protection. The petition, submitted by Thomson Kerongo, argues that SIM cards are increasingly connected to critical services including communication, mobile banking, identification…
Kenya’s household shopping basket moved in sharply different directions in September, with the price of milk, cabbage, wheat flour and potatoes rising while tomatoes, sugar, maize flour, electricity and cooking gas became cheaper, according to new Kenya National Bureau of Statistics (KNBS) data. The clearest increase was recorded in 500ml UHT long-life milk, whose average…
Nigerian billionaire Aliko Dangote has explained why his group settled on Lamu instead of Mombasa or Tanzania’s Tanga for a planned Ksh2 trillion oil refinery, citing the coastal town’s deep waters, available land and suitability for a major petroleum-processing facility. Dangote said the idea for the refinery emerged during discussions with President William Ruto in…
