Business & Economy
Featured News Stories
Kibo Africa Targets 10,000 Electric Motorcycles in Kenya Within a Year
Kibo Africa, an electric mobility company, plans to deploy 10,000 electric motorcycles in Kenya within the next 12 months to expand its presence in the country's boda boda sector. Simultaneously, Kenya Power is actively identifying and migrating all Electric Vehicle charging customers to its specialized e-mobility tariff to improve revenue tracking and sector planning, as e-mobility tariff revenues surge. At the same time, Kenya Vehicle Manufacturers has launched a new Toyota Hiace assembly line at its Thika plant, supported by significant investment to boost local automotive production.
Kenya Halts Electricity Tariff Increase Amid Inflation Fears
Kenya has halted a planned increase in electricity tariffs, initially set for July 1, to protect consumers from rising costs amidst surging inflation and public outcry over fuel prices. This comes as Kenya's private sector experienced further contraction in May, reaching its lowest point since July 2024, as rising costs and weakening demand significantly impacted business conditions. Separately, Britam paid out Sh97.3 million in insurance claims in 2025 to protect over 402,681 farmers and pastoralists impacted by climate shocks across East Africa.
NCBA, Diplomats Map Trade-Linked Sector Entry Strategies Across East Africa
NCBA Group convened with diplomats and investors from over 20 countries to strategize sector-specific entry into East Africa's expanding trade economy, with discussions centered on key investment areas and navigating regional integration. Meanwhile, Nairobi is hosting Africa's first Global Data Festival alongside the Kenya Space Expo and Conference, underscoring the nation's commitment to leveraging data and space technology for economic growth and attracting investment. Additionally, the International Workplace Group has opened three new flexible workspaces in Nairobi, responding to growing demand for hybrid working models.
