Latest from The Standard Business

13h ago

Experts assess tea factories set to produce orthodox tea for Chinese market

A team of Chinese experts is currently assessing two Kenyan tea factories, Mungania and Chebango, to prepare them for producing orthodox tea specifically for the lucrative Chinese market. This initiative stems from an agreement between President William Ruto and Zhang Chaobon, Chairman of Benny Tea Industries, made in May 2025.

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16h ago

State bets on agribusiness to create more jobs for the youth

Youth Affairs, Creative Economy and Sports Cabinet Secretary Salim Mvurya highlighted agribusiness as a prime sector for mass youth employment in Kenya, noting it currently engages over 60 per cent of the workforce. He emphasized the government's commitment to youth empowerment through initiatives like the Agribusiness Hub Programme and NYOTA Programme.

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16h ago

Cloud revolution in Kenya's Sh17tr engine powered by local talent

Kenya is experiencing a significant "cloud revolution," rapidly adopting cloud computing as the invisible engine powering its digital transformation. This shift is reshaping businesses, government services, and individual connectivity, with a strong focus on developing local talent to drive this growth.

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15h ago

Report: Public debt payments starving hospitals and schools

Kenya is now spending more money to service its public debt than on education, health and social protection combined, a new report has shown.

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14h ago

MMFs lose dominance as more investors seek higher returns

The provided article does not contain content related to money market funds or investor behavior. Instead, it seems to be an boilerplate footer for the Standard Group Plc, outlining its media operations and contact information.

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18h ago

Kenyan wins top Africa Prize for engineering

Kenyan innovator Elly Savatia has won the prestigious 2025 Africa Prize for Engineering Innovation. He was awarded £50,000 (Sh7.6 million) for his sign language translation mobile application, Terp 360.

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18h ago

The future of the workplace and how employees can prepare for it

The future of work is rapidly evolving in Kenya, with a growing trend towards remote and officeless business models that challenge traditional workplace structures. Employees, like a procurement officer working from Mombasa, are increasingly operating outside conventional office spaces, signifying a shift in how companies function and manage their workforce.

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18h ago

Bank powers climate agenda

Equity Bank has solidified its commitment to environmental and social responsibility, announcing significant disbursements for climate projects and an expanded social protection program. This move highlights a growing trend among Kenyan lenders to prioritize sustainable financing and community inclusion.

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18h ago

How AI boosts some jobs but prompts attacks on women

A recent report reveals a contradictory relationship with AI in Kenyan newsrooms: while many journalists secretly use AI tools for tasks like research and headline drafting, the technology is openly viewed with suspicion by editors due to concerns about lazy reporting.

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1d ago

As lecturers down tools, students find ways to learn and profit from strike

Lecturers in Kenyan public universities have been on a nationwide strike for over a month, impacting students who are now finding alternative ways to learn and earn. The industrial action, which began on September 19, was initiated by the Universities Academic Staff Union (UASU) and the Kenya Universities Staff Union (KUSU) due to the delayed implementation of a 2021 Labour Court order.

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1d ago

US govt shutdown leaves Unilever demerger on ice

Consumer goods giant Unilever has postponed the demerger of its ice cream business, including the popular Magnum and Ben & Jerry's brands, due to the ongoing US federal government shutdown. The delay prevents the new company, The Magnum Ice Cream Company, from listing its shares on the New York Stock Exchange as planned.

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1d ago

E-mobility firm raises Sh12.8b in Africa's largest-ever investment

Spiro, an e-mobility firm, has secured an unprecedented $100 million (Sh12.8 billion) investment round, marking Africa's largest-ever funding in two-wheel electric mobility. This significant capital injection will fuel the expansion of its battery-swapping infrastructure and technology platform across existing and new markets, aiming to exceed 100,000 deployed vehicles by late 2025.

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1d ago

Why Kenya's manpower is turning to US lottery

A record number of Kenyans are seeking to leave the country via the US Diversity Visa lottery, a trend attributed to Kenya's worsening economic crisis and limited job opportunities for its youth.

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1d ago

New twist in wind power projects fight

A dispute between the Energy Ministry and private power producers concerning wind energy projects in Northern Kenya has escalated, now reaching the National Assembly.

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2d ago

Why Somaliland could be Kenya's next big market

Somaliland is positioning itself as a promising new market for Kenyan businesses, emphasizing stability, openness, and numerous opportunities. The Somaliland Mission in Nairobi is actively promoting economic diplomacy, focusing on key sectors where Kenyan capabilities can meet Somaliland's natural advantages.

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2d ago

Michuki firm, Nairobi County clash over ownership of prime land parcels

A firm owned by the family of the late former Cabinet Minister John Michuki has accused the Nairobi County Government of illegally taking over two prime land parcels near Windsor Golf and Country Club. The Michuki family's firm, Fairview Investments Ltd, claims to have owned the land since 2011 and is disputing the county's claim of public surrender.

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2d ago

Wind power projects' fight takes new twist as it spills into Parliament

A dispute between the Energy Ministry and private power producers concerning wind energy development in Northern Kenya has escalated, now reaching the National Assembly.

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2d ago

Second-hand clothes dealers call for transparency in new UN rules

Kenya's Mitumba Consortium Association of Kenya (MCAK) and other African clothing industry lobbies have urged the United Nations Environment Programme (Unep) to increase transparency in its research on used clothing. They specifically called for more openness regarding new global guidelines for used textiles.

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3d ago

Tourism sector lauded for accelerating global aviation links

Kenya's tourism sector is celebrating an expansion in global aviation links with the launch of a new Flydubai route to Nairobi, marking the fifth airline to enter the Kenyan market this year. This development is expected to boost accessibility and the country's competitiveness as a global destination.

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3d ago

Why Kenyans should brace for higher electricity bills this month

Kenyans should anticipate higher electricity bills for the second consecutive month in October due to an increased reliance on thermal power plants and imports from neighboring countries to prevent power rationing.

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3d ago

Tourism sector lauds State efforts to boost arrivals at airports

Kenya's tourism sector is praising government efforts to increase international flights, significantly boosting accessibility for visitors. This commendation comes as Flydubai inaugurates its Nairobi route, marking the fifth new airline to enter the Kenyan market recently.

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4d ago

Railanomics: The people's economist who never ruled

Raila Odinga, a prominent Kenyan politician, began his pursuit of the presidency in 1997, advocating for a just society and an economic revolution for Kenyans. His platform envisioned "a fair day's pay for a fair day's work," highlighting his focus on economic justice.

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5d ago

KQ increases flights to Kisumu ahead of Raila's burial

Kenya Airways (KQ) has increased its flight frequency to Kisumu and upgraded several flights to larger Boeing 737 aircraft following the death of former Prime Minister Raila Odinga, whose burial preparations are underway in Siaya County.

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5d ago

KRA miss revenue target by Sh50b in Q1 of 202526 FY

The Kenya Revenue Authority (KRA) missed its revenue target by Sh49.86 billion for the first quarter of the 2025/26 financial year, collecting Sh657.170 billion against a target of Sh707.025 billion. Despite this shortfall, KRA Chairperson Ndiritu Muriithi noted reasonable growth, with customs revenue performing well but domestic tax falling short. The authority aims to collect Sh2.75 trillion by June 30, 2026, and is digitizing processes and investing in technology to improve compliance.

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5d ago

Christmas business lifeline hopes dashed by tight budgets

Kenyan businesses face significant challenges this Christmas season due to weak consumer spending and persistent cash flow issues, despite initial hopes for a holiday sales surge. A recent Central Bank of Kenya (CBK) survey reveals that most firms are grappling with muted demand and a liquidity crunch exacerbated by government pending bills.

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6d ago

Carrefour in bid to reduce food waste

Carrefour Kenya, through its parent company, Majid Al Futtaim Retail, has partnered with Food Banking Kenya (FBK) to redistribute surplus, safe, and edible food to vulnerable communities across Kenya.

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6d ago

Kenya, Australia to strengthen trade ties

Kenya and Australia are committed to strengthening their 60-year relationship, focusing on increased trade and investment. During a visit to Kenya, Australia’s Assistant Minister for Immigration, Foreign Affairs and Trade, Matt Thistlethwaite, and Kenya’s Principal Secretary for Foreign Affairs, Korir Sing’oei, highlighted opportunities for collaboration.

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6d ago

Mi Vida Homes management buys out the developer's owners

The management of Mi Vida Homes Ltd has acquired the company from its owners, Actis, a private equity fund, seven years after its inception. This management-led buyout is a significant milestone, though the financial details remain undisclosed and are subject to regulatory approval.

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6d ago

State housing board hires advisor to help monetise property agreements

The Affordable Housing Board (AHB) has hired a transactional advisor to help monetize tenant purchase scheme (TPS) agreements through capital markets, aiming to boost revenue beyond the current Sh6.2 billion monthly from the affordable housing levy. This move seeks to facilitate faster reinvestment of funds to address Kenya's housing deficit.

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6d ago

Coffee auction earns farmers Sh644m

The latest Nairobi Coffee Exchange (NCE) auction generated Sh644.6 million from the sale of 10,770 bags of coffee, though this was a decrease from the previous week's earnings. New KPCU and Alliance Berries Ltd marketed the highest-priced produce.

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