Every financial year has seen Kenyans ready to expect the obvious: the budget going up. And just as expected, this year is already shaping up to be no different. According to the Cabinet, for the 2026/27 financial year, the government is projecting total revenues of Sh3.53 trillion against expenditures of Sh4.7 trillion. This is set to leave a substantial financing gap that will test the government’s borrowing strategy and highlight the urgency of revenue mobilization efforts. With the revenue target quite formidable, KRA will be required to collect hundreds of billions more than it ever has, and it remains unclear…
Author: Antony mutunga
An uptake in electric vehicles (EVs) is steadily replacing the roar of internal combustion engines, and nowhere is this revolution more evident than in the country’s surging electricity demand. In 2025, Kenya Power recorded a staggering 188% increase in electricity consumption attributed to the e-mobility sector, with over 8.43 million units (kilowatt-hours) fed into charging electric vehicles across the nation. This is a leap from the 2.92 million units consumed just a year earlier, showcasing a profound shift in how Kenyans are choosing to move and power their transport. Revenue from EV charging increased to Sh190.8 million in 2025, up…
Everyday East Africa PLC, one of Kenya’s oldest corporate entities established in the early years of independence, has unveiled a sweeping transformation. Moving beyond its iconic “Shika Paka Pawa” brand, the company is repositioning itself as an integrated clean energy platform aimed at becoming a key player in green energy. The company plans to evolve from a traditional battery seller into a multifaceted provider of solar power, energy storage, clean cooking solutions, carbon market initiatives, and electric vehicle financing. At the center of this new direction is Eveready’s Integrated Clean Energy Platform (ICEP), designed to deliver comprehensive, end-to-end energy solutions.…
The Independent Electoral and Boundaries Commission (IEBC) has appointed Moses Ledama Sunkuli as its Acting Chief Executive Officer (CEO) and Commission Secretary following the sudden exit of Marjan Hussein, who had been at the helm since 2022. In a statement issued on Thursday, February 5, IEBC Chairperson Erastus Ethekon said Sunkuli, who currently serves as Director of Electoral Operations, has been appointed to the position for six months or until a substantive holder is recruited. “We thank Mr. Marjan for his dedication and professional service to the IEBC and wish him well in his future endeavours,” said Ethekon. He added…
The Kenya Banker’s Association (KBA) has proposed significant tax relief for the entire workforce. The banking industry is advocating for a uniform 5% reduction in PAYE rates across all bands to restore purchasing power and stimulate economic growth. This measure is designed to provide immediate relief to workers while strategically boosting the economy. This proposal comes at a critical time, as many households and businesses continue to grapple with the rising cost of living. According to the KBA, the government’s plan to zero-rate PAYE for incomes up to Sh30,000 monthly is a welcome step in addressing these pressures. However, additional…
The Kenya Association of Manufacturers (KAM) has welcomed the recent 16-month extension of the African Growth and Opportunity Act (AGOA), which comes after President Donald Trump signed a law extending the preferential trade program for Africa through December 31, 2026 effective retroactively from September 30, 2025. This extension ensures that Kenyan exports continue to receive preferential access to the vast U.S. market, providing a critical lifeline for local businesses and safeguarding jobs. In fact, the renewal reaffirms a longstanding partnership that has fostered mutual economic growth between Kenya and the United States for over two decades. Since its inception in…
The port of Mombasa handled a record 45.45 million metric tons of cargo in 2025, marking a landmark year for Kenya’s trade sector, according to data from the Kenya Ports Authority (KPA). This marks a 10.9% increase from the previous year, translating to an additional 4.46 million tons of goods moving across its quays. With the pulse of global trade often measured in containers, the Port of Mombasa outdid itself in this sector. According to Captain William Ruto, Managing Director of the Kenya Ports Authority, container traffic increased to 2.11 million twenty-foot equivalent units (TEUs). This 5.5% increase cements its…
KCB Group Plc has received regulatory approval to acquire a majority stake in Riverbank Solutions Limited, marking another notable move in Kenya’s growing mergers and acquisitions activity. Through this transaction, KCB, a titan in corporate and retail banking, will acquire a 75% stake in Riverbank, a specialised provider of financial technology platforms and hardware components, issued share capital. The agreement is valued at about Sh1.93 billion ($15 million). Once finalized, the move is set to deepen the bank’s service delivery, particularly to micro, small, and medium enterprises (MSMEs), and to scale its financial technology offerings by integrating Riverbank’s innovative solutions.…
The National Transport and Safety Authority (NTSA) has taken action against six public transport operators following a series of deadly accidents during the recent festive season. This crackdown, which includes suspensions and strict compliance orders, indicates a growing intolerance for negligence and regulatory failure within the industry. The authority cites a trifecta of grievous failures, including fatal accidents, disregard for the critical KS 2295:2023 standards, and blatant non-compliance with the foundational National Transport and Safety Authority (Operation of PSV Regulations, 2014). The most severe sanctions have been levied against Monna Comfort Sacco, Greenline Company Ltd, Naekana Route 134 Sacco Ltd,…
Since 2014 when the Arton Capital Passport Index was launched, national conversations about mobility, diplomacy, and the perceived strength of a nation on the global stage have always followed suit. For Kenya, the January 2026 index has painted the nation as a strong regional player, although when it comes to the global stage, there is a lot more ground to cover. The index, which focuses on a passport’s power rank, a measure of how much global travel freedom a passport offers, clearly indicates the work cut out for President William Ruto and his administration to elevate the nation to the…
