Sh310mn Kagio ESP Market nears completion
NAIROBI, Kenya, Jan 7 - The Government, through the State Department of Housing and Urban Development, is constructing a Sh310 million Economic Stimulus Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kagio Economic Stimulus Package (ESP) Market in Kirinyaga County, Kenya, a Sh310 million project, is nearing completion at 60 percent. The market, expected to finish by June this year, will accommodate over 1,000 traders and include an ICT hub.
- The project, launched by President William Ruto in April 2025, aims to support Micro, Small and Medium Enterprises (MSMEs) through modern trading infrastructure.
- According to site clerk of works Justus Chomba, it has created employment for approximately 20 skilled workers and over 30 unskilled labourers, with all materials sourced locally.
- One trader, Janice Michael, expressed challenges since relocation but anticipates improved conditions and increased business opportunities upon the market’s completion.
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Kenya's Q3 Exports Hit Sh289.4bn while Imports Widen Deficit to Sh135.3bn - January 2026
According to new data from the Kenya National Bureau of Statistics (KNBS), Kenya's exports reached Sh289.4 billion in the third quarter (Q3) of 2025. This was primarily driven by a 2.5 percent growth in trade with African markets. However, in the same quarter, Kenya's current account deficit significantly widened to Sh135.3 billion. The widening deficit was attributed to a surge in imports relative to exports. Separately, the Kagio Economic Stimulus Package (ESP) Market in Kirinyaga County, a Sh310 million project, is nearing completion at 60 percent. The market is expected to finish by June and will accommodate over 1,000 traders.
