Business & Economy
Featured News Stories
Kenya to Issue Sh175bn Roads Bond and Plans Six Mega Dams
The Kenyan government is set to issue a Sh175 billion securitised roads bond in February to clear outstanding debts to contractors and repay commercial bank loans. This move is intended to resume stalled road works across the country. Separately, the government plans to construct six mega dams starting in 2026. This project aims to expand irrigation to two million acres of farmland, boosting food security in arid and semi-arid lands (ASALs). In terms of existing fund distribution, the National Treasury reported that Nairobi, Turkana, and Nakuru counties have been the largest beneficiaries of the Sh4.04 trillion equitable revenue share since devolution began in FY 2013/14.
Flamingo Horticulture and Viv's In-Houz Spa Expand Operations
Flamingo Horticulture Kenya is reinvesting VAT refunds into its Naivasha operations to expand export capacity and create 2,000 new jobs. The move aims to increase production of Fairtrade-accredited bouquets for export to the UK and European markets. In Nairobi, what started as Vivian Nyaga's mobile massage business in 2019 has expanded into Viv's In-Houz Spa, a permanent wellness center in Kitisuru. This expansion into a physical location was driven by client demand. The spa, founded by Vivian Nyaga, now offers a full range of beauty and wellness services, including specialized treatments for clients with health challenges.
