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Business

Government Shelves Sh468 Billion Nairobi–Mombasa Expressway, Plans A8 Highway Upgrade

Kenya has cancelled a Sh468 billion Nairobi–Mombasa expressway proposal, opting instead to expand and dual the existing A8 highway after an evaluation found the expressway would not provide sufficient value

SOStreamline Official

Aug 12, 2025

Business

Everstrong Capital Says Nairobi Mombasa Expressway Still on Track Despite Restructuring

Everstrong Capital insisted its Sh468 billion Nairobi Mombasa Expressway has not been scrapped but is being restructured, with plans to recruit new contractors and revise the project to meet affordability concerns while integrating wildlife corridors.

SOStreamline Official

Aug 15, 2025

Business

Parliament Report Reveals KETRACO Lost Billions in Botched Powerline Deal

A report presented to Parliament has laid bare a staggering financial setback for taxpayers—Ksh 4.5 billion is poised to be paid to a Spanish firm after a botched energy transmission deal that never delivered electricity.

SOStreamline Official

Aug 15, 2025

Business

Explainer: Smart Ways to Invest in Kenya Mortgage Market

A guide to mortgage investing highlights options such as mortgage backed securities, SACCO funds, private partnerships, seller financing and REITs, and advises investors to work with regulated institutions and diversify to manage risks.

SOStreamline Official

Aug 14, 2025

Business

Fuel Prices Dip as EPRA Cuts Petrol and Kerosene by One Shilling

The Energy and Petroleum Regulatory Authority (EPRA) has announced a marginal reduction in fuel prices, lowering the cost of super petrol and kerosene by Ksh 1 per litre while keeping diesel prices unchanged.

SOStreamline Official

Aug 14, 2025

Business

Sanlam Tops Money Market Fund Rankings as CMA Releases New Report

The Capital Markets Authority\u2019s quarterly report put Sanlam Unit Trust at the top of Kenya money market funds with a 19.1\u00a0percent market share, followed by CIC and Standard Investment, while money market funds collectively manage over Ksh\u00a0596\u00a0billion.

SOStreamline Official

Aug 14, 2025

Business

Agriculture CS Warns of Looming Rice Shortage After Court Blocks Imports

Agriculture Cabinet Secretary Mutahi Kagwe has cautioned of a severe rice shortage after the High Court temporarily halted the government’s plan to import 500,000 metric tonnes of duty-free rice.

SOStreamline Official

Aug 14, 2025

Business

National Assembly Approves Major Changes to Affordable Housing Scheme

Parliament approved new affordable housing regulations that cut deposits to 5\u00a0percent, set clear eligibility criteria, allow rural housing loans and provide a savings platform, signalling expanded access to government\u2011built homes.

SOStreamline Official

Aug 14, 2025

Business

Kenya Launches $2 Billion JKIA Expansion to Transform East African Aviation Hub

Kenya announced a US$2 billion plan to expand Jomo Kenyatta International Airport with a second runway and new terminal, seeking funding from international development banks and aiming to make Nairobi East Africa’s leading aviation hub.

SOStreamline Official

Aug 13, 2025

Business

Central Bank Slashes Lending Rate to 9.50%, Easing Credit and Supporting Growth

Kenya’s central bank cut its policy rate to 9.50 percent, citing inflation within the 2.5–7.5 percent target and the need to stimulate lending and support economic growth.

SOStreamline Official

Aug 12, 2025

Business

Kenyan Highways Authority Rejects US Firm’s Nairobi–Mombasa Expressway Plan, Calls for Revised Proposal

KeNHA rejected US firm Everstrong Capital’s proposal for a 440-km Nairobi–Mombasa toll expressway, saying it failed to meet PPP Act criteria and directing the company to submit a revised plan focused on expanding the existing highway.

SOStreamline Official

Aug 12, 2025

Business

Nairobi Stock Exchange’s Single-Share Rule Opens Market to Retail Investors and Lifts Ten Stocks to 52-Week Highs

The Nairobi Securities Exchange has scrapped its 100-share minimum lot, enabling single-share trades and sparking a rally that sent ten counters to 52-week highs, a move intended to broaden retail participation and boost market liquidity.

SOStreamline Official

Aug 11, 2025

News

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Government Shelves Sh468 Billion Nairobi–Mombasa Expressway, Plans A8 Highway Upgrade

Everstrong Capital Says Nairobi Mombasa Expressway Still on Track Despite Restructuring

Parliament Report Reveals KETRACO Lost Billions in Botched Powerline Deal

Explainer: Smart Ways to Invest in Kenya Mortgage Market

Fuel Prices Dip as EPRA Cuts Petrol and Kerosene by One Shilling

Sanlam Tops Money Market Fund Rankings as CMA Releases New Report

Agriculture CS Warns of Looming Rice Shortage After Court Blocks Imports

National Assembly Approves Major Changes to Affordable Housing Scheme

Kenya Launches $2 Billion JKIA Expansion to Transform East African Aviation Hub

Central Bank Slashes Lending Rate to 9.50%, Easing Credit and Supporting Growth

Kenyan Highways Authority Rejects US Firm’s Nairobi–Mombasa Expressway Plan, Calls for Revised Proposal

Nairobi Stock Exchange’s Single-Share Rule Opens Market to Retail Investors and Lifts Ten Stocks to 52-Week Highs

Government Shelves Sh468 Billion Nairobi–Mombasa Expressway, Plans A8 Highway Upgrade

Everstrong Capital Says Nairobi Mombasa Expressway Still on Track Despite Restructuring

Parliament Report Reveals KETRACO Lost Billions in Botched Powerline Deal

Explainer: Smart Ways to Invest in Kenya Mortgage Market

Fuel Prices Dip as EPRA Cuts Petrol and Kerosene by One Shilling

Sanlam Tops Money Market Fund Rankings as CMA Releases New Report

Agriculture CS Warns of Looming Rice Shortage After Court Blocks Imports

National Assembly Approves Major Changes to Affordable Housing Scheme

Kenya Launches $2 Billion JKIA Expansion to Transform East African Aviation Hub

Central Bank Slashes Lending Rate to 9.50%, Easing Credit and Supporting Growth

Kenyan Highways Authority Rejects US Firm’s Nairobi–Mombasa Expressway Plan, Calls for Revised Proposal

Nairobi Stock Exchange’s Single-Share Rule Opens Market to Retail Investors and Lifts Ten Stocks to 52-Week Highs