Latest from The Standard Business

5h ago

Why travel insurance is now a modern travel necessity, not an option

This article introduces the concept of travel insurance as an essential modern travel necessity by presenting a scenario of a family planning a dream holiday to Malaysia for December 2025.

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4h ago

Why Kenya's catalytic funds are not effective in poverty alleviation

Kenya's government initiatives, such as the Sh30 billion National Youth Opportunities Towards Advancement (Nyota) project, are being criticized for their ineffectiveness in alleviating poverty despite significant funding. These programs, often presented as opportunities, are primarily serving as temporary relief measures rather than long-term solutions.

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4h ago

KRA seeks private funder for new multibillion revenue collection system

The Kenya Revenue Authority (KRA) is seeking a private firm to fund and develop a new multibillion-shilling revenue collection system. This marks a significant shift towards privatizing the funding of KRA's core operations, utilizing advanced technologies to combat tax evasion.

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4h ago

A call to account: The Sh100b question every county must answer

The start of 2026 has ignited a debate concerning education access and quality in Kenya, leading to scrutiny over how counties, particularly from Northern Kenya, have utilized 12½ years of equitable share taxes.

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4h ago

KPC set to shake up NSE top 10 as it seeks Sh106 billion in IPO

The upcoming listing of the Kenya Pipeline Company (KPC) on the Nairobi Securities Exchange (NSE) in March is projected to significantly alter the market, potentially displacing I&M Group from the top 10 companies by market capitalization. KPC is expected to debut as the fifth-largest listed firm with a valuation of Sh106 billion.

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10h ago

Kenya banks on partnerships to get sea-time opportunities for cadets

Kenya is increasingly relying on international partnerships to secure crucial sea-time training opportunities for its maritime cadets, addressing the challenge posed by the lack of a national training vessel. This strategy aims to qualify cadets for lucrative global seafaring jobs and position Kenya as a key source of maritime labor.

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17h ago

State rolls out AI Incubator for local innovators

Kenya has launched an AI Incubator program to mentor local innovators, transforming creative concepts into practical solutions for national development and job creation. This initiative, driven by the National Intelligence and Research University, aims to leverage artificial intelligence to bolster the economy and security.

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1d ago

Mpeketoni cotton ginnery nears completion as youth return to farming in Lamu

A new cotton ginnery in Mpeketoni, Lamu County, is 95 per cent complete, signaling a revival in cotton production and drawing youth back to farming in the region. This development is a joint initiative involving the national government, Thika Cloth Mills (TCM), and the Lamu County government.

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22h ago

Lamu pipeline ties KPC's growth to complex oil export plan

The Kenya Pipeline Company (KPC) might need to invest billions to convert its Mombasa storage tanks for crude oil from the Lokichar oil fields. This conversion is crucial for exporting oil once commercial production begins later this year, linking KPC's growth directly to Kenya's complex oil export ambitions.

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22h ago

IMF lifts 2026 global growth forecast but flags AI, trade risks

The International Monetary Fund (IMF) has increased its global growth forecast for 2026, driven by strong tech investments, but warns of potential disruptions from a reappraisal of AI productivity gains and renewed trade tensions. Global economic growth is predicted to remain steady at 3.3 percent this year.

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19h ago

New bid to tackle food losses for supermarkets, restaurants

A new app called Msossi is launching in Kenya this month with the aim of combating food waste by connecting supermarkets, hotels, and restaurants with consumers to sell surplus and near-expiry food at discounted prices.

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22h ago

Investment group commits Sh2b for new industrial real estate investment trust

The Private Infrastructure Development Group (PIDG) has committed to invest up to $15 million (Sh1.95 billion) to anchor the upcoming ALP Industrial Real Estate Investment Trust (ALP Reit), sponsored by Africa Logistics Properties Holdings Ltd (ALPH). This move is set to significantly boost Kenya's institutional-grade industrial real estate sector.

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1d ago

NCA Bill sparks fresh debate over oversight in construction sector

A proposed amendment to Kenya's National Construction Authority (NCA) law has caused significant concern among architects and built environment professionals. They warn the National Construction Authority (Amendment) Bill, 2025, could lead to regulatory conflicts and undermine established mandates by giving the NCA overreaching powers.

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1d ago

How Kenya outwitted US, China to clinch dual trade deals

Kenya skillfully navigated economic diplomacy last week, securing significant trade concessions from both the United States and China within a 48-hour period. This strategic move aimed to safeguard Kenya's primary exports and open access to new markets.

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1d ago

Kenya Re to lock out politicians in new board shake-up rules

Kenya Reinsurance Corporation (Kenya Re) is proposing significant changes to its governance structure to prevent political interference in its board. These amendments will also empower the board with full authority over the hiring and firing of the managing director.

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1d ago

State eyes Sh106b in Kenya Pipeline IPO

The Kenyan government is seeking to raise Sh106 billion through the Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC), which was launched on Monday by National Treasury Cabinet Secretary John Mbadi. Individuals can now own a piece of KPC for less than Sh1,000.

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1d ago

Rise of autogas brings new opportunities and dangers

The rise of autogas in Kenya presents both new opportunities and potential dangers, as highlighted by a recent launch event in Nairobi.

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1d ago

How underdog Kenya outwitted US, China to clinch dual trade deals

Kenya skillfully navigated a diplomatic tightrope last week, securing significant trade deals with both the United States and China within a 48-hour period. This strategic move aims to safeguard its primary exports and facilitate entry into new international markets.

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1d ago

How effective is your board in these changing times?

Annual board evaluations often focus on compliance rather than genuine effectiveness. A recent article emphasizes that in today's uncertain climate, effective boards must prioritize sharp judgment under pressure and function as cohesive, critical thinking units, rather than simply monitoring performance.

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1d ago

Kenya Pipeline IPO launches as State eyes Sh106b

The Kenya Pipeline Company (KPC) has launched its Initial Public Offering (IPO), with the National Treasury aiming to raise Sh106 billion. Individuals can now own a stake in KPC for less than Sh1,000.

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1d ago

Remittances slide under Trump policies

Remittance inflows to Kenya fell for the second consecutive month in December 2025, according to data from the Central Bank of Kenya (CBK), raising concerns that US President Donald Trump's immigration and tax policies are impacting diaspora funds.

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1d ago

Safaricom shareholding change won't alter governance - Ndegwa

Safaricom CEO Peter Ndegwa has reassured stakeholders that potential government divestiture will not alter the company's governance, ensuring it remains a Kenyan-run entity. This statement addresses concerns about the impact of partial government shareholding changes on the telecommunication giant's structure.

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1d ago

Conference tourism drives growth as Bomas centre nears completion

Conference tourism is set to boost Kenya's economy as the Bomas International Convention Centre (BICC) nears completion, aiming to establish Nairobi as a prominent hub for Meetings, Incentives, Conferences and Exhibitions (MICE) and cultural tourism.

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2d ago

Kenyan firm expands services to Gulf region

A Kenyan digital services firm, More Classifieds Agency, is expanding its operations to the Gulf Cooperation Council (GCC) market, with a focus on Saudi Arabia. This move is part of a growing trend among Kenyan tech companies seeking international growth beyond increasingly crowded regional markets.

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2d ago

Economists foresee slow growth ahead for Sub-Saharan Africa

Economists are forecasting slow economic growth for Sub-Saharan Africa due to persistent geopolitical uncertainties and trade tensions, with a significant increase in predictions for weak growth. This outlook, published by the World Economic Forum, indicates a slight deterioration compared to previous assessments.

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2d ago

Mbadi: Swift action and luck saved Kenya from sovereign debt default

Treasury Cabinet Secretary John Mbadi revealed that Kenya narrowly escaped a sovereign debt default due to swift government action and unexpected favorable international market conditions. He stated that a rare opening in the global financial markets allowed the nation to refinance maturing Eurobond obligations, averting severe economic consequences.

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2d ago

Old buildings give way to used-car showrooms

Mombasa is experiencing a rapid increase in second-hand car showrooms, transforming parts of the city as old buildings are demolished to make way for new dealerships. This trend reflects Mombasa's growing status as a major entry point for imported vehicles into the East African market.

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2d ago

Joho faces big test in executing State's mining agenda in Coast

Mining Cabinet Secretary Hassan Ali Joho is encountering significant opposition in advancing the government's mining agenda in the Coast region of Kenya, despite his assertive political approach. He is employing diverse strategies to navigate the complex dynamics of the extractive industry, a challenge that has eluded many of his predecessors.

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2d ago

How African volunteers are helping shape AI through Wikipedia

Volunteers across Africa are significantly contributing to the training of global Artificial Intelligence (AI) systems through their efforts on Wikipedia, ensuring AI tools and search engines have access to accurate information.

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3d ago

KTDA appoints Francis Miano acting CEO

The Kenya Tea Development Agency (KTDA) has appointed Francis Miano as its new acting group Chief Executive Officer, effective January 16, 2026. He replaces Wilson Muthaura, who has proceeded on terminal leave.

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