private sector Stories

Private sector activities rise to a 27-month high in April on strong customer demand
Alfred Onyango  |  May 07, 2025

Job creation also quickened in the period under review, the strongest observed in nearly one year, as firms looked to ease pressure on workloads.

Nairobi Archdiocese: Cardinal Njue was invited to papal conclave but won’t attend due to health
Lucy Mumbi  |  May 06, 2025

The clarification comes amid earlier reports suggesting that Cardinal Njue had not received an invitation to participate in the conclave.

I wasn't invited to elect Pope Francis' successor - Cardinal Njue
Bashir Mbuthia  |  May 06, 2025

He stressed that his absence was not due to health issues but admitted that he was unsure why he had been left out.

Taxpayers to fund Sh2.3 billion State House, lodges facelift despite austerity measures
Lucy Mumbi  |  May 06, 2025

The National Treasury has indicated that the bulk of the Sh2.3 billion will go into rehabilitation and refurbishment works at State House, Nairobi and...

2025 Finance Bill changes may worsen cash crunch for Kenyan exporters
Alfred Onyango  |  May 03, 2025

The proposed changes, if passed into law, would increase the period for refund ascertainment from the current 90 to 120 days, along with an extension...

Ruto’s housing plan hit as Treasury moves to end tax exemptions on building materials
Maureen Kinyanjui  |  May 02, 2025

The proposed tax changes, if approved, could raise the cost of building affordable homes and slow down the delivery of housing units.

Finance Bill 2025 proposes 16% VAT on internet radio and TV
Lucy Mumbi  |  May 01, 2025

If passed, the amendment means consumers of online radio and television will face higher subscription costs as service providers adjust prices to refl...

Why innovation investment falters despite businesses’ thirst - study
Alfred Onyango  |  Apr 29, 2025

Developing countries encourage far less innovation as firms and governments appear to be leaving billions of dollars on the table in forgone productiv...

Key facts about the Vatican conclave to elect next pope to succeed Francis
Reuters  |  Apr 28, 2025

There were 135 cardinals aged under 80 when Francis died and are thereby eligible to take part in the conclave, but it is not known if all of them wil...

Vatican announces May 7 conclave to elect new pope after Francis’ death
Maureen Kinyanjui  |  Apr 28, 2025

The cardinals will engage in a series of votes, held in secret, until one of them receives the required majority to become the next leader of the Cath...

Rome and the world bid farewell to Pope Francis with massive funeral, humble burial
Reuters  |  Apr 26, 2025

Cardinals will pick Francis' successor at a conclave next month, deciding if the new pope should continue with the late pontiff's push for a more open...

Pope Francis to be buried outside Vatican, breaking centuries-old tradition
Amina Wako  |  Apr 26, 2025

Pope Francis will be the first pontiff in more than a century to be buried outside the Vatican, a move not seen since the burial of Pope Leo XIII in 1...

Speculation swirls on an African successor to Pope Francis
Reuters  |  Apr 23, 2025

A continent where religion permeates most aspects of private and public life, Africa is where the Roman Catholic Church is growing fastest, according...

Pope Francis: Why his papacy mattered for Africa and for the world's poor and margnalised
The Conversation  |  Apr 23, 2025

The reforms of Pope Francis could be termed a movement – from a church of a few where priests and bishops, and the pope call the shots, to a church of...

Earth Day marked as global risks report warns of escalating environmental threats
Alfred Onyango  |  Apr 22, 2025

This year’s Earth Day theme, ‘Our Power, Our Planet’, draws attention to the shared responsibility to protect the planet and the immense influence ind...

Pope Francis's funeral to be held on Saturday, many world leaders expected
Reuters  |  Apr 22, 2025

The Vatican on Tuesday released photographs of Francis dressed in his vestments and lying in a wooden coffin in the chapel of the Santa Marta residenc...

Pope Francis: An unconventional pontiff who sought to modernise Catholicism
The Conversation  |  Apr 22, 2025

He took the name Francis in honour of Saint Francis of Assisi, becoming the first uniquely named pope in over 1,000 years (the last being Pope Lando i...

Tourism booms as Nairobi parks become most visited, attracting 886,000 visitors in 2024
Maureen Kinyanjui  |  Apr 22, 2025

The Nairobi Mini Orphanage ranked first nationally, outshining other major destinations and reflecting a shift in tourist interest towards conservatio...

Vatican unveils Pope Francis' final wishes in his spiritual testament
Maureen Kinyanjui  |  Apr 22, 2025

He also asked that the tomb be simple and set into the ground, bearing only a single inscription: Franciscus.

The 'Fisherman's Ring' and breaking the lead seal - What happens when a pope dies
Reuters  |  Apr 21, 2025

The pope's camerlengo (chamberlain), Cardinal Kevin Farrell, officially confirms the death. He then seals the pope's private apartment and prepares th...

Pope Francis obituary: a pontiff who shook up the Catholic Church
Reuters  |  Apr 21, 2025

Francis brought the Catholic Church's dialogue with Islam to new heights in 2019 by becoming the first pope to visit the Arabian Peninsula, but conser...

Pope Francis is dead, Vatican says in video statement
Reuters  |  Apr 21, 2025

He was 88, and had recently survived a serious bout of double pneumonia.

Questions arise over unused billions in Road Annuity Fund
Maureen Kinyanjui  |  Apr 18, 2025

Roads Principal Secretary Joseph Mbugua told the committee that the law gives the National Treasury Cabinet Secretary powers to declare a surplus and...

Power, water, and irrigation top list of state’s new private sector partnerships
Maureen Kinyanjui  |  Apr 16, 2025

Among the most prominent is a series of power transmission lines and substations backed by Africa 50 and set to be implemented by the Kenya Electricit...

Court blocks state from proceeding with sale of 11 parastatals, including KICC
Lucy Mumbi  |  Apr 15, 2025

The court dismissed the application, stating that the government failed to demonstrate how its pending appeal would be undermined without the suspensi...

Treasury moves to protect investors from repaying Sh6bn VAT exemptions
Lucy Mumbi  |  Apr 13, 2025

The legislation, which came into effect on December 27, 2024, lacked a transitional clause to shield businesses that had already been granted the exem...

North eastern youth urged to embrace digital access for innovation, development
Issa Hussein  |  Apr 11, 2025

Assistant County Commissioner Duncan Rono said efforts are being made to raise awareness among young people about ongoing government digitisation prog...

New climate innovation lab launched in Wajir to empower marginalised youth, women
Issa Hussein  |  Apr 06, 2025

The Regional Inclusion Climate Innovation Lab, which is currently in its pilot phase, is expected to expand to Turkana, the Coast region, and Lower Ea...

Kenyan palaeontologist Fredrick Manthi elected to US National Academy of Sciences
Farhiya Hussein  |  Apr 06, 2025

Over the years, he has led fossil excavations across the Turkana Basin, uncovering critical evidence dating back over 4 million years, contributing to...

Private sector activity rises to 10-month high in March
Alfred Onyango  |  Apr 04, 2025

The Stanbic Bank Kenya Purchasing Managers' Index (PMI), which gauges the level of private sector activities, rose to 51.7 from 50.6 in February.

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