Latest from The Standard Business

1d ago

Pwani Oil unveils lotion range as it eyes personal care

Pwani Oil Products, a leading Kenyan manufacturer, has launched its new line of Sawa Lotions, marking a significant entry into the personal care market. This diversification follows a strategic investment of USD 4.5 million (Sh583 million) and aims to capture a share of the rapidly growing Sh8 billion lotion category.

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1d ago

State moves to rein in wayward telcos with new competition rules

Kenya has introduced new stringent competition rules, the Kenya Information and Communications (Fair Competition and Equal Treatment) Regulations, 2025, to reform its telecommunications sector. These regulations, backed by ICT Cabinet Secretary William Kabogo, aim to curb anti-competitive practices by dominant players and foster a fairer market for consumers and smaller operators.

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1d ago

KRA recovers Sh123 million in rice tax fraud probe

The Kenya Revenue Authority (KRA) has successfully recovered Sh123 million in taxes after uncovering irregular clearance of 161 containers of rice at a Mombasa freight station. This fraud was detected during routine audit checks conducted between August 1 and August 23.

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1d ago

Accountability is imperative at the Africa Climate Summit

The upcoming second Africa Climate Summit in Addis Ababa, Ethiopia, following the inaugural 2023 summit in Nairobi, must prioritize accountability over grand declarations to ensure pledges translate into tangible impact on the ground.

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1d ago

Why electric vehicles are key for Kenya's industrial and energy landscape transformation

Every electric vehicle on the road consumes locally generated power for its entire lifetime, displacing imported fossil fuels that drain our foreign reserves.

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1d ago

Dairy processor ramps up sustainability drive

Brookside Dairy is expanding its sustainability efforts within Kenya's dairy value chain, working with farmers to adopt regenerative agriculture practices. This initiative aims to boost milk production, conserve resources, and mitigate climate change impacts.

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1d ago

Outgoing Afreximbank boss roots for Africa's economic independence

Outgoing President of Afreximbank, Benedict Oramah, advocated for Africa's economic independence through increased intra-African trade and self-financing at the fourth Intra-African Trade Fair (IATF) in Algiers.

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1d ago

Kenya urges Africa to tap private funding for infrastructure

Kenya, represented by Deputy President Kithure Kindiki, urged African nations at the 4th Intra-African Trade Fair (IATF 2025) in Algiers to prioritize private sector funding for infrastructure. This strategic shift towards Public-Private Partnerships (PPPs) aims to circumvent dwindling traditional debt options and bolster the African Continental Free Trade Area (AfCFTA).

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1d ago

Business mogul Prateek Suri turns focus to charity

Global business leader Prateek Suri, CEO and founder of Maser Group, has shifted his focus to philanthropy, distributing essential aid in conflict-affected regions of Africa and advocating for peace and good governance.

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1d ago

Blow to KRA as court suspends new prices for small cars

The High Court in Mombasa has temporarily halted the implementation of new car prices by the Kenya Revenue Authority (KRA), which would have increased taxes on small imported cars. This suspension follows a legal challenge by the Car Importers Association (CIA).

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1d ago

Kenya urges African Nations to embrace private funding for infrastructure amid debt squeeze

Kenya has urged African nations to aggressively pursue private sector funding for critical infrastructure, shifting from traditional debt to Public-Private Partnerships (PPPs) to boost continental trade and economic resilience. This call was made by Deputy President Kithure Kindiki at the 4th Intra-African Trade Fair (IATF) in Algiers.

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2d ago

IFAD takes financial inclusion to Kenya's rural homes

The International Fund for Agricultural Development (IFAD) has concluded a two-year initiative in Kenya, significantly enhancing financial inclusion for rural households. The project, "Affordable Remittances and Enhanced Financial Inclusion for Rural Families in Kenya Project," aimed to reduce remittance costs and strengthen financial access through rural Saccos.

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2d ago

Road agencies and varsities top entities with high pending bills

Road agencies and universities are among the entities with the highest outstanding debts to businesses. As of June of this year, parastatals from just four ministries were responsible for over 83 percent of the money owed by state corporations to various firms.

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2d ago

Kenya can't succeed with public budgets alone- CS Mbadi

In a significant shift, Kenya's National Treasury Cabinet Secretary John Mbadi declared that public budgets alone can no longer finance the nation's economic transformation, emphasizing the urgent need for private market capital. He highlighted that traditional financing methods are shrinking and unable to meet the country's financial demands.

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2d ago

Galana Energies pledges social investment as it marks 25-year milestone

Galana Energies, a Kenyan fuel retailer, announced an expansion of its social investment through the Galana Foundation as it celebrates 25 years of operation. The company pledges to deepen its commitment to education and community development, focusing on scholarships and mentorship.

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2d ago

CBK licenses 27 more digital credit providers

The Central Bank of Kenya (CBK) has licensed 27 additional Digital Credit Providers (DCPs), bringing the total number of approved firms to 153. This initiative aims to curb unethical lending and enhance consumer protection.

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3d ago

Developers eye new financing models to boost affordable housing uptake

The Kenya Property Developers Association (KPDA) and the Kenya National Chamber of Commerce and Industry (KNCCI) have partnered to address affordable housing and sustainable urban development by exploring new financing models.

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3d ago

Can temporary titles be the magic wand for Kenya's developers?

At the recent Kenya Mortgage Refinance Company (KMRC) Affordable Housing Conference 2025, a proposal was tabled to introduce temporary land titles in Kenya to ease the burden on developers. This aims to address the significant time developers spend offloading completed units due to lengthy titling processes, which impacts profitability.

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3d ago

Why new construction model has gained huge traction, trust among Kenyans

Dr. Muthoni Kagiri, a Kenyan living in Australia, embarked on building her dream home in Mweiga, Nyeri County, experiencing both excitement and apprehension. A new construction model is gaining significant traction and trust among Kenyans.

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3d ago

New pact to unlock Sh4.5b tied up in cargo levies

A new container guarantee scheme introduced by Viatrans and its Kenyan subsidiary Viaservice Kenya is set to free up an estimated Sh4.5 billion tied up in cargo levies, aiming to boost business growth, especially for small-scale operators. This initiative allows for letters of guarantee as an alternative to the traditional cash deposits required for containers.

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3d ago

Kenya urged to unlock bankable projects to close Africa's Sh9b infrastructure gap

Kenya has been challenged to step up preparation of bankable projects if it is to fully benefit from the billions of dollars available for Africa’s infrastructure transformation.

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3d ago

Cape Town ranked most expensive real estate market

Cape Town has been named Africa's most expensive prime real estate market, with average prices reaching $5,800 (Sh748,00) per sq. meter for apartments. This finding comes from the recent Africa Wealth Report 2025 by Henley & Partners and New World Wealth, highlighting expanding private wealth markets across the continent.

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3d ago

New construction model gains huge traction, trust among Kenyans

A new construction model is gaining significant traction and trust among Kenyans, exemplified by Dr. Muthoni Kagiri's decision to build her dream home in Mweiga, Nyeri County, despite initial apprehension.

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3d ago

Why Eastlands' estates continue to lose value

Estates in Nairobi's Eastlands are rapidly losing value, primarily due to poor infrastructure, including inadequate drainage systems and shoddy construction work. This decline is causing significant challenges for residents, especially during heavy rains when drainage and sewer pipes frequently burst.

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3d ago

State's debt to suppliers hits crippling Sh525b despite promises

The Kenyan government's debt to suppliers has soared to a record Sh524.84 billion, a 39 percent increase over the past year, despite the Kenya Kwanza administration's pledges to settle arrears. This surge is detailed in a new report by the Office of the Controller of Budget, highlighting significant failures in public financial management and severely impacting small businesses.

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3d ago

Kenyan firm sues Tanzania at regional court in tax row

Kenyan firm Match Masters has sued Tanzania at the East Africa Court of Justice over provisions in Tanzania’s Finance Act, 2025, arguing they are discriminatory and breach the East African Community Charter.

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3d ago

State moves to revive local car assembly with new Bill

Kenya is drafting a new Bill to revive its local car assembly industry by linking tax breaks to the sourcing of local parts and promoting the shift to electric mobility. This legislation aims to increase local content in manufacturing and enforce the "Buy Kenya, Build Kenya" directive.

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4d ago

Youth Innovations at the centre stage as Africa grapples with rising food security

As Africa faces a severe hunger crisis with over 307 million people affected, the upcoming Africa Food Systems Forum (AFSF) in Dakar will spotlight youth-led innovations as a key solution. The forum, themed “Africa’s Youth: Leading Collaboration, Innovation and Implementation of Agri-Food Systems Transformation,” recognizes the crucial role of young Africans in transforming food and nutrition security.

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3d ago

ChatGPT to get parental controls after teen's death

Following a lawsuit by an American couple alleging that ChatGPT encouraged their teenaged son to commit suicide, OpenAI announced it would implement parental controls. The new features, expected within the next month, will allow parents to link accounts and control ChatGPT's responses.

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3d ago

EIB upskills Africa's next investment and fund managers

The European Investment Bank (EIB) Global is upskilling African investment and fund managers through its Africa Venture Finance Programme, currently hosted at Oxford University’s Saïd Business School in England. This initiative aims to strengthen Africa's investment ecosystem, support technology, and tech-enabled enterprises.

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