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HomeDaily NewsMonday, October 27, 2025Kenya Lifts Logging Ban, Proposes Wealth Fund, and Reinstates Mombasa Flights - October 2025
Business & Economy3 stories from 1 sources

Kenya Lifts Logging Ban, Proposes Wealth Fund, and Reinstates Mombasa Flights - October 2025

President William Ruto has conditionally lifted the ban on logging in Kenya, allowing for the harvesting of only mature trees in forests to be used for commercial purposes. Following an announcement by President Ruto, Kenya's National Treasury has also released the Sovereign Wealth Fund Bill, 2025. The bill aims to expand funding sources and create a flexible investment framework for natural resource revenues and public investments. In a separate development boosting Kenya's coastal tourism and trade sectors, Turkish Airlines has reinstated direct flights between Istanbul and Mombasa. The service, which had been on a five-year hiatus, resumed on October 26 and will operate three times a week.

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Monday 8:01 PMCapital Business

Govt lifts ban on logging for mature trees

Govt lifts ban on logging for mature trees

President William Ruto has conditionally lifted the ban on logging in Kenya, allowing for the harvesting of only mature trees in forests nationwide. This move aims to utilize mature timber for commercial purposes and the local manufacture of furniture.

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Key Highlights

President William Ruto has conditionally lifted the ban on logging in Kenya, allowing for the harvesting of only mature trees in forests nationwide. This move aims to utilize mature timber for commercial purposes and the local manufacture of furniture.

  • President Ruto stated the government will begin selling mature trees to local sawmillers in the coming weeks.
  • The ban was lifted at a public engagement at the Molo Technical and Vocational College in Elburgon, Molo Constituency, Nakuru County, on Monday.
  • The timber harvested will be used to make furniture for the affordable houses under construction, ensuring local youth create the furniture.
Monday 1:00 PMCapital BusinessFirst

Turkish Airlines resumes direct Istanbul–Mombasa flights

Turkish Airlines resumes direct Istanbul–Mombasa flights

Turkish Airlines has reinstated direct flights between Istanbul and Mombasa after a five-year hiatus, significantly boosting Kenya's coastal tourism and trade sectors. The service, which resumed on October 26, will operate three times a week.

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Key Highlights

Turkish Airlines has reinstated direct flights between Istanbul and Mombasa after a five-year hiatus, significantly boosting Kenya's coastal tourism and trade sectors. The service, which resumed on October 26, will operate three times a week.

  • The inaugural flight landed at Moi International Airport, Mombasa, receiving a water cannon salute.
  • Turkish Airlines had suspended Mombasa operations in 2020 due to the COVID-19 pandemic and later withdrew the route in 2023 due to regulatory hurdles.
  • The airline cited renewed demand from European and Middle Eastern travelers for its return, connecting Mombasa to over 320 global destinations.
Monday 3:35 PMCapital Business

New Sovereign Wealth Fund Bill expands funding, eases rules

New Sovereign Wealth Fund Bill expands funding, eases rules

Kenya's National Treasury has released the Sovereign Wealth Fund Bill, 2025, aiming to expand funding sources and create a more flexible investment framework for the nation’s natural resource revenues and public investments. This initiative follows President William Ruto's recent announcement to establish both a Sovereign Wealth Fund and an Infrastructure Fund.

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Key Highlights

Kenya's National Treasury has released the Sovereign Wealth Fund Bill, 2025, aiming to expand funding sources and create a more flexible investment framework for the nation’s natural resource revenues and public investments. This initiative follows President William Ruto's recent announcement to establish both a Sovereign Wealth Fund and an Infrastructure Fund.

  • A key amendment expands revenue streams to include "proceeds from divestment of government petroleum and mining interests."
  • The Cabinet Secretary for the National Treasury will now have the discretion to determine annual allocations across the fund’s three components, replacing fixed allocation floors.
  • Only 50 percent of investment income from the Stabilisation Component will be reinvested, with the remaining half directed to the Future Generation Fund for long-term savings.
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