Latest from The Standard Business

4h ago

Apple's Tim Cook to step down as CEO after 15-year run

Apple CEO Tim Cook will step down after a 15-year tenure, handing the leadership of the tech giant to John Ternus, a senior vice president of hardware engineering, later this year.

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3h ago

How easy access to financial inclusion is driving business growth in Kiambu

Financial inclusion initiatives in Kiambu County are significantly fueling business growth for micro, small, and medium enterprises (MSMEs), which form the backbone of Kenya's economy.

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1h ago

Clean cooking drive gets Sh97m shot in the arm

The Modern Energy Cooking Services (MECS) programme has injected Sh97 million ($750,000) into three Kenyan clean cooking ventures: Ecobora, PowerUp, and Sun-Power Box.

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7h ago

African chefs shine at continental culinary competition

The Ladha Za Afrika Culinary Competition celebrated exceptional talent from Kenya, Uganda, Nigeria, and Botswana, showcasing the continent's burgeoning culinary innovation.

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7h ago

New branches, AI adoption as Mhasibu targets 100,000 membership

Mhasibu Sacco aims to significantly grow its membership to 100,000 and its asset base to over Sh30 billion by 2030 through strategic expansion and technological adoption.

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6h ago

Governor demands accountability from Browns Plantation over Sh1b Fund

Kericho Governor Erick Mutai has demanded Browns Plantation account for a Sh1 billion fund and 15 per cent shareholding designated for local communities following the company's acquisition of a tea estate.

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11h ago

Are family businesses wasting their natural advantages?

Kenyan family businesses are being scrutinized for potentially sacrificing modern competitiveness due to a strong adherence to tradition and legacy.

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10h ago

National Oil goes missing in action amid another crippling fuel crisis

National Oil Corporation of Kenya (NOCK) is facing scrutiny amid the country's persistent fuel crisis for its perceived lack of action in stabilizing supply.

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10h ago

Bolt fights back against Kenya's crackdown on ride-hailing apps

Ride-hailing company Bolt is challenging the Kenyan government's crackdown on digital taxi services, asserting its role as a platform provider rather than a transport operator.

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18h ago

CEOs urge State relief package as Iran war drives up firms' costs

Kenyan CEOs are appealing to the Kenyan government for a relief package, including subsidies and reduced employee taxes, to mitigate the impact of rising costs stemming from the conflict in Iran.

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1d ago

Kenyans turn to advance loans as salary delays bite

A significant portion of Kenyan salaried workers are turning to advance loans to cope with delayed wages and economic hardship. This trend highlights the financial strain many households are experiencing.

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1d ago

Reliance on rain-fed agriculture is increasingly untenable.

Kenya's dairy sector faces significant challenges due to over-reliance on rain-fed agriculture and inconsistent feed costs, hindering potential despite high production capacity.

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1d ago

Coffee market nets Sh24 billion in six months

Kenya's coffee market has generated a significant revenue of Sh24.7 billion in the first six months of the 2025/2026 coffee year. This impressive figure was achieved through the sale of 540,843 bags of coffee at the Nairobi Coffee Exchange (NCE).

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1d ago

Second classroom for NYOTA project beneficiaries rolled out

The Kenyan government has launched the second mandatory classroom training for the NYOTA Project, a nationwide initiative aimed at empowering young entrepreneurs.

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1d ago

Inside KPA's push for Mombasa, Lamu as key cruise tourism hubs

The Kenya Ports Authority (KPA) is actively working to establish both Mombasa and Lamu Port as prominent cruise tourism hubs. This initiative aims to capitalize on the growing cruise industry.

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1d ago

Oil prices bounce back on Iran war escalation

Oil prices have surged due to a re-escalation of hostilities in the Middle East, with Iran closing the Strait of Hormuz after citing the United States' blockade of its ports.

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1d ago

Kepsa flags double-digit inflation risk from Middle East conflict

The Kenya Private Sector Alliance (Kepsa) is warning of a significant risk to Kenyans from the escalating conflict in the Middle East, predicting a surge in inflation.

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1d ago

KPA pushes Mombasa, Lamu as key cruise tourism hubs

The Kenya Ports Authority (KPA) is actively working to bolster Kenya's presence in the cruise tourism sector by designating both Mombasa and Lamu Port as key cruise destinations.

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2d ago

207 youth get training on e-waste handling

207 youth in Nakuru County have graduated from the PowerUp programme with crucial skills in electronic waste (e-waste) management and business development. This initiative aims to transform environmental challenges into economic opportunities.

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2d ago

Listed firms' CEOs now face fines, jail time for sustainability lies

Starting next year, Kenya's listed companies and their CEOs will face penalties, including fines and jail time, for making false environmental claims, a practice known as greenwashing.

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3d ago

Co-op Bank takes networking gala to Coast

Co-operative Bank of Kenya hosted its inaugural Captains’ Club Network Gala Dinner, Coast Edition, in Mombasa, bringing together over 100 Executive Plus clients.

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3d ago

Pressure mounts on World Bank over factory farming funds in Africa

Over 30 civil society organisations are demanding the World Bank Group halt billions in funding for industrial livestock production, arguing it harms Africa's environment and food systems.

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3d ago

While Rwanda charts a clear path forward, Kenya is getting it all wrong

A comparison of Kigali and Nairobi reveals stark differences in urban order and cleanliness, with Rwanda's capital city demonstrating a clear adherence to rules and a well-maintained environment, a contrast to many areas in Kenya.

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3d ago

Experts slam 'temporary fixes' to Kenya's Sh12.6tr debt

Experts are criticizing the Kenyan government's strategies of issuing longer-term bonds and entering public-private partnerships (PPPs) as merely temporary solutions for the nation's escalating debt.

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3d ago

1,100 face job losses as Meta severs ties with Kenyan content moderator

Meta has terminated its contract with outsourcing firm Samasource Impact Sourcing (Sama), leading to the layoff of over 1,100 content moderators in Nairobi.

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4d ago

Lawyer: Move to reduce VAT to 8 per cent by Treasury unconstitutional though a relief to Kenyans

A Kenyan constitutional lawyer has declared the Treasury's move to reduce Value Added Tax (VAT) on fuel from 16% to 8% without parliamentary approval as unconstitutional.

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4d ago

State's appetite for domestic debt to grow with fuel VAT cut

The Kenyan government is expected to increase its borrowing from the domestic market following a decision to reduce the Value Added Tax (VAT) on fuel. This move is projected to lead to a tightening of credit availability for households and businesses.

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5d ago

Three Kenyan startups picked for Africa eye health accelerator

Three Kenyan startups, Dot Glasses, Zuri Health, and Mamy Eyewear, have been selected for the inaugural Africa Eye Health Accelerator, an initiative aimed at boosting eye care innovation across the continent.

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4d ago

Stocks rise as optimism over Mideast war takes hold

Global stock markets surged on Thursday, driven by renewed optimism surrounding a potential Middle East ceasefire and the expected resumption of vital shipping routes.

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5d ago

New 2030 plan targets billions in financing for farmers and MSMEs

The Micro Enterprises Support Programme Trust (MESPT) has launched its 2026–30 Strategic Plan to address the critical financing and resilience challenges faced by Kenya's micro, small, and medium enterprises (MSMEs), especially in the agriculture sector.

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