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Business

Africa Moves Toward One Currency: Kindiki Calls for Unified Payment System

Kenya’s Deputy President Kithure Kindiki urged African countries to bolster the Pan-African Payment and Settlement System, allowing businesses to trade across borders in local currencies.

SOStreamline Official

Sep 6, 2025

Business

Afreximbank Chief Urges African Nations to Pursue ‘Economic Independence’

Afreximbank President Benedict Oramah, speaking at a trade fair in Algiers, implored African countries to achieve full economic independence by boosting trade among themselves and funding their own development.

SOStreamline Official

Sep 6, 2025

Business

Trump Administration’s Aid Cuts to WTO and ILO Spark Worries for Kenya’s Trade and Jobs

The Trump administration has dropped the WTO and ILO from its foreign aid budget, sparking concern in Kenya. Experts say the funding cuts could disrupt WTO trade support and labor programs that benefit Kenya’s economy, raising fears about impacts on exports, jobs, and aid-dependent sectors.

SOStreamline Official

Sep 5, 2025

Business

KRA Exceeds Housing Levy Collection Target, Raises Ksh73 Billion Amid Implementation Hurdles

The surplus signals growing compliance with the controversial scheme, as the government invests unused funds in Treasury bills and pledges visible progress on affordable housing projects to justify the deductions.

SOStreamline Official

Sep 5, 2025

Business

Kenya Pushes for Direct Access to U.S. Market for Agricultural Exports

Kenya is lobbying for easier direct entry of its farm goods into the U.S. market, aiming to remove middlemen and trade barriers so that products like fruits, tea and coffee can be exported straight to American buyers for better farmer profits.

SOStreamline Official

Sep 4, 2025

Business

Kenya Dispatches High-Level Delegation to African Trade Fair as Leaders Eye Expanded Markets

Kenya’s Deputy President Kithure Kindiki and Speaker Moses Wetang’ula led a delegation to Algiers for a major intra-African trade fair aimed at boosting continental commerce. Kenya plans to leverage the forum to expand its export markets under the African Continental Free Trade Area.

SOStreamline Official

Sep 3, 2025

Business

Kenya to Auction 10 Oil Blocks in First Licensing Round in Six Years

Kenya is inviting international investors to bid on 10 oil exploration blocks in its first petroleum licensing round since 2019. The blocks in northern and coastal basins come with new incentives and updated laws as Kenya revives efforts to develop its long-stalled oil resources.

SOStreamline Official

Sep 2, 2025

Business

Ruto Challenges Critics to Embrace Digital Reforms and Unveils Projects in Siaya

At a church service in Siaya, President Ruto challenged officials resisting his digital procurement reforms to resign and defended the Social Health Authority against fraud claims while unveiling infrastructure projects for the county.

SOStreamline Official

Aug 31, 2025

Business

National Land Commission Begins Compensation Talks for Muhuru Pier in Migori County

The National Land Commission has begun compensation consultations for residents of Migori County whose land is needed for the new Muhuru Pier, directing affected owners to submit claims while emphasising similar efforts for a road project in Kiambu.

SOStreamline Official

Aug 31, 2025

Business

Kenya Opens Special Window for Raw Sugar Imports to Rescue Idle Factories

To avert a severe shortage, Kenya has authorised a special import window for raw sugar, allowing industrial processors to procure supplies while officials work to boost local cane production.

SOStreamline Official

Aug 29, 2025

Business

Treasury CS Mbadi Says He Hasn’t Approved Nairobi–Nakuru Highway Expansion

Treasury CS John Mbadi says he has not approved the proposed public–private partnership to expand the Nairobi–Nakuru highway, noting that the project is still under procurement and will undergo thorough review before moving forward.

SOStreamline Official

Aug 29, 2025

Business

Reduced Fleet Capacity Drives Kenya Airways to KSh 12.1 Billion Half-Year Loss, CEO Says

Kenya Airways CEO Allan Kilavuka said the carrier’s KSh 12.1 billion half-year loss stemmed from grounding several aircraft, which cut capacity by about 20 percent and slashed revenue.

SOStreamline Official

Aug 28, 2025

News

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Trump Administration’s Aid Cuts to WTO and ILO Spark Worries for Kenya’s Trade and Jobs

KRA Exceeds Housing Levy Collection Target, Raises Ksh73 Billion Amid Implementation Hurdles

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Kenya Dispatches High-Level Delegation to African Trade Fair as Leaders Eye Expanded Markets

Kenya to Auction 10 Oil Blocks in First Licensing Round in Six Years

Ruto Challenges Critics to Embrace Digital Reforms and Unveils Projects in Siaya

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Reduced Fleet Capacity Drives Kenya Airways to KSh 12.1 Billion Half-Year Loss, CEO Says