Business & Economy
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Kenyan Businesses Expand Operations, Targeting Niche Markets and Exports
Vivian Nyaga's mobile massage business, which began in 2019, has expanded into Viv's In-Houz Spa, a permanent wellness center in Kitisuru, Nairobi. This expansion was driven by client demand for a physical location, and the spa now offers specialized treatments for clients with health challenges. Also in Nairobi, start-up Ofelos Limited, established in 2021, is producing sugar-free cookies and other diabetic-friendly treats for the health-conscious market. In the horticulture sector, Flamingo Horticulture Kenya is reinvesting VAT refunds into its Naivasha operations. This investment is set to create 2,000 new jobs and expand export capacity for Fairtrade-accredited bouquets destined for UK and European markets.
Kenya Plans Sh175Bn Roads Bond and Six Mega Dams for Irrigation
The Kenyan government plans to construct six mega dams starting in 2026 to expand irrigation to two million acres of farmland, aiming to boost food security in arid and semi-arid lands. To address financial issues in another sector, the state is set to issue a Sh175 billion securitised roads bond in February. This bond aims to clear outstanding debts to contractors and repay commercial bank loans, allowing stalled road works to resume. These initiatives are happening alongside continued revenue distribution to counties. According to the National Treasury, Nairobi, Turkana, and Nakuru counties have been the largest beneficiaries, having received significant allocations from the Sh4.04 trillion total equitable revenue share distributed since devolution began in FY 2013/14.
