Business & Economy
Featured News Stories
Kakuzi Challenges Court Order to Surrender 3,200 Acres to Squatters
Kakuzi PLC is challenging a court order directing the company to surrender 3,200 acres of land to squatters and an additional 50 acres to the Murang'a county government. This legal battle comes amid broader land governance issues, as the Ministry of Lands was ordered by the Milimani High Court to release crucial land registry information for Marsabit County to Gitson Energy Limited within seven days. Separately, the Court of Appeal voided its own May 29, 2026 ruling concerning the NSSF Act, 2013 dispute, citing an "error apparent on the face of the record."
Kenya Secures Sh97bn World Bank Loan to Support Reforms, Jobs
Kenya has secured a Sh97 billion financial package from the World Bank to bolster its reform agenda and stimulate economic growth, aiming to improve governance, public finances, and social protection initiatives. At the same time, Kenya's inflation rate decreased to 6.4% in June 2026, down from 6.7% in May, primarily due to falling fuel and electricity costs. Nairobi County's wage bill has surged by Sh1.3 billion over a nine-month period, with staff compensation now consuming over half of its collected revenue, highlighting fiscal pressures facing county governments.
Vodacom Takes Control of Safaricom After Sealing Additional Stake Deal
Vodacom has successfully acquired an additional 20 percent stake in Safaricom, now holding 55 percent control of the Nairobi Securities Exchange-listed operator. Kenyan businesses and individuals are being urged to secure their capital against emerging risks, including cybercrime, political violence, and extreme weather, by obtaining appropriate insurance coverage. Meanwhile, the Kenya Revenue Authority has refused to extend the tax filing deadline of June 30, 2026, despite widespread technical issues with its online iTax platform.
State Launches Sh1tn Plan to Transform Agriculture Sector
The Kenyan government has launched a groundbreaking Sh1 trillion Kenya National Agri-Food Systems Investment Plan (NASIP) 2026-2030 to revolutionize the agricultural sector over the next five years. Kenyan company Impact Botanics-Africa is tapping into the growing natural products market by processing indigenous crops into value-added nutrition and personal care items. Separately, the article "Cash for Trash" explores the growing economic potential of urban waste management in Kenya, highlighting innovative solutions that transform discarded materials into valuable resources.
NTSA to License 70 Private Vehicle Inspection Centres
The National Transport and Safety Authority (NTSA) is set to license 70 private vehicle inspection centres across Kenya to enhance road safety and environmental standards. Kenya and Rwanda have signed a landmark deal to import refined petroleum products through the Northern Corridor, establishing a government-to-government framework. Separately, the Kenyan government has officially declared Talanta Sports City a protected area, restricting public access to the facility, meaning individuals can no longer enter the stadium without obtaining prior permission.
