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Hits and misses in Kenya Pipeline IPO as State eyes more listing deals

The government’s IPO of Kenya Pipeline Company has breathed some life into Kenya’s equity market, with the share sale setting the stage for a new wave of State-backed listings at the NSE.

By 6 days ago

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Kenya's oil sector on edge amid escalating US-Israeli war on Iran

Kenya’s oil sector faces potential disruption and rising fuel prices as the US–Israel war on Iran threatens global supply chains.

By 8 days ago

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State: Gulf firms to keep fuel flowing into Kenya despite Middle East crisis

Kenya is banking on the controversial G-to-G oil deal it signed with Gulf oil firms to ensure an uninterrupted supply of petroleum products despite the Middle East crisis.

By 10 days ago

Private sector activity registers sluggish growth in February

Kenya’s private sector grew at a slower pace in February due to weaker agriculture and manufacturing performance, although firms continued to boost hiring at the fastest rate in a year.

By 11 days ago

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Importers fight state plan to use railway levy for loans

Importers are opposing the government’s proposal to use up to 90% of Railway Development Levy funds as collateral for loans, citing concerns over the impact on logistics and trade.

By 12 days ago

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Sale of strategic assets, infrastructure fund offer new fodder for Ruto critics

The sale of government assets and the proposed establishment of Infrastructure Fund appear to give ammunition to critics of President William Ruto to poke holes into his economic policies. 

By 13 days ago

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State ups domestic borrowing to avert global lenders' scrutiny

Kenya is increasing domestic borrowing to finance its budget deficit, a move seen as avoiding the stringent conditions tied to external loans from multilateral lenders.

By 15 days ago

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Inside NTSA's Sh42b e-driving licenses, instant fines system

Project will be implemented in a public-private partnership by a consortium of KCB Group and Pesa Print. Ruto-linked consortium will operate the system for 21 years, charging drivers Sh3,000.

By 15 days ago

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Why Parliamentary Budget Office has issues with counties' Sh4.67 trillion spending

PBO has called out county governments for years of spending in what has amounted to trillions of shillings that has however not translated into better living conditions for Kenyans. 

By 18 days ago

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'Eurobondage': How Kenya dug itself into a cycle of borrowing

Since issuing its first Eurobond in 2014, Kenya has faced mounting concerns that repeated bond borrowing has locked the country into a growing debt cycle.

By 22 days ago

Gulf Energy secures oil rig ahead of Lokichar project kick-off

Gulf Energy, the firm that last year took over the Turkana oil project, says it has leased an oil rig from a Middle Eastern firm that will be used to drill oil wells in Lokichar.

By 23 days ago

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How governors spend billions on development with little to show

Since 2013, the five counties of Mandera, Wajir, Garissa, Isiolo and Marsabit have spent Sh443 billion on their recurrent and development budgets.

By 24 days ago

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From SGR operations to dollar deals: Inside Kenya Railways audit queries

The dealings between Kenya Railways and Afristar, which operates the SGR, are again under scrutiny as an internal audit points to breaches in the public finance management laws.

By 27 days ago

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KQ eyes fleet recovery after planes grounding turbulence

After months of operational turbulence, Kenya Airways has revealed that all grounded aircraft will be back in the skies by June 2026, marking a major recovery push after months of disruption.

By 1 month ago

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January inflation hits 6-month low despite rise in food prices

The measure of the living cost dropped to 4.4 per cent during the month after oscillating between 4.5 per cent and 4.6 per cent between August and December 2025.

By 1 month ago

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Why NSSF payouts have fallen

NSSF says benefits paid to retirees dropped by nearly Sh1 billion on account of reduced applications. 

By 1 month ago

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Why Kenyans are shying away from bank loans

Industry players cite shrinking disposable incomes due to tax hikes and rising education and health bills.

By 1 month ago

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NSSF payouts to retirees drop 10 despite surge in contributions

NSSF said in its annual report that the benefits paid to retirees dropped by 10 per cent to Sh8.74 billion in the year to June 2026

By 1 month ago

State dangles incentives to woo private investors in geothermal

The proposals are aimed at de-risking investment in a sector the government says can no longer rely solely on public financing to meet future power needs.

By 1 month ago

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KPRL: The trump card for Kenya Pipeline in post-stake sale era

The Changamwe-based refinery holds much potential due to its existing oil and gas infrastructure. Oil storage tankers at the KPRL, Changamwe in Mombasa County. [File, Standard]

By 1 month ago

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NCBA to ride on Nedbank's muscle in regional expansion

NCBA MD John Gachora said Nedbank’s strong balance sheet and technical expertise would help the bank scale up in its current markets and also explore new growth opportunities in the region. 

By 1 month ago

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Why NTSA, KEBS and Roads Ministry have been sued over re-sale of written-off vehicles

The lawyer said he was shocked to find that the same vehicle on the road, having been repaired, re-registered and sold to a new owner.

By 1 month ago

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Rise of autogas brings new opportunities and dangers

Over 20,000 Kenyan motorists, mostly in Nairobi, have ditched the petrol pump for the LPG nozzle, lured by a 50 per cent saving on fuel costs.

By 1 month ago

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Lamu pipeline ties KPC's growth to complex oil export plan

The Kenya Pipeline Company could be compelled to pump billions of shillings towards converting its storage tanks in Mombasa to handle crude oil from the Lokichar oil fields for export.

By 1 month ago

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Kenya Re to lock out politicians in new board shake-up rules

Kenya Re has proposed the restructuring of its governance framework in a move to lock out political appointees from its board, even as the board gets full powers to fire and hire the MD.

By 1 month ago

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Motorists miss bigger cut in fuel costs despite drop in pump prices

The Energy and Petroleum Regulatory Authority (Epra) has denied users of super petrol a bigger reduction in retail prices, holding back the full benefit of the falling cost of petroleum products.

By 2 months ago

Oil marketers join forces to drive up autogas adoption

Oil marketing firm Ola Energy and LPG firm Proto Energy have unveiled a joint initiative to roll out autogas refilling points across Ola’s retail network across the country.

By 2 months ago

Agricultural sector records lowest growth

The agriculture sector grew at a sluggish 3.2 per cent over the third quarter of last year, the slowest growth rate for the largest sector of Kenya’s economy in nearly three years. 

By 2 months ago

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Kenyans face pain at the pump as Trump targets Venezuela oil

US President Donald Trump has seized two oil tankers linked to Venezuela, including a Russian flagged vessel that was also being escorted by a Russian submarine.

By 2 months ago

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Firms in Kenya Pipeline IPO to pocket over Sh200m

The sale of a 65 per cent stake in Kenya Pipeline Company by the government is expected to raise Sh100 billion, which will plug budget holes over the current financial year.

By 2 months ago

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Big ask for KRA as Treasury sets Sh3tr revenue target

KRA is expected to face significant pressure to meet the Sh2.9 trillion revenue collection target set by the National Treasury for the 2026-27 financial year. 

By 2 months ago

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Growing economy fails to fill pockets and plates

Despite the impressive indicators at the national level, the average Kenyan is grappling with high cost of living, increased tax burden and stagnant or reducing income

By 2 months ago

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Turkana oil deal sparks concerns over skewed revenue sharing deal

Concerns are emerging over whether Kenya may have short-changed itself in negotiating a deal with Gulf Energy, the firm now expected to move the Lokichar oil fields in Turkana County.

By 2 months ago

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Why petrol stations are resisting new tax invoice system

Kenya’s petroleum sector is headed for a showdown with the taxman as a majority of petrol stations remain non-compliant with the new tax reporting directive, just a day to the December 31 deadline. 

By 2 months ago

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Blackout Wednesday: Why you experience weekly power outages

In 2025, Kenyans were most likely to experience an outage on Wednesday evenings, according to data from electricity sector agencies. 

By 2 months ago

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Questions as Chinese firm that built expressway cashes in on road repairs

The move came a week after President William Ruto announced plans to rebuild the roads.

By 2 months ago

Insurers urged to rethink PSV's high-risk model

The insurance industry is being challenged to innovate coverage for the Public Service Vehicle sector which remains largely shunned as 'high-risk' despite its critical economic role.

By 2 months ago

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Why banks are pushing for lower PAYE

The Association made the proposals against the National Treasury’s invitation for comments from Kenyans on tax policies to inform the Finance Bill 2026.

By 2 months ago

Regional business lobby urges EAC countries to address emerging non-tariff barriers

EAC urged to address emerging non-tariff business barriers

By 2 months ago

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Bamburi to set up Sh32b clinker plant after Amsons takeover

Plant in Kwale County is expected to start clinker production by 2028, which will double Bamburi’s cement output.

By 2 months ago