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Business

Stockbrokers back Safaricom divestiture while proposing a larger public offering
News

Stockbrokers back Safaricom divestiture while proposing a larger public offering

KASIB proposed adjustments to the transaction structure to increase public participation and deepen market activity, recommending that the government increase the divestiture to 20 percent, with an additional five percent offered to the Kenyan public through the Nairobi Securities Exchange (NSE).

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Sh1 billion allocated to Nyota consumed by office costs, consultancy fees
Business

Sh1 billion allocated to Nyota consumed by office costs, consultancy fees

The authority’s annual report for the 2024/25 financial year shows that the money was used to purchase computers, laptops, and cover office operations, with no start-up loans or business training disbursed. MSEA confirmed that all the funds received were consumed by operational and consultancy activities.

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Global joblessness to hit nearly 186 million in 2026 as youth, women struggle for work
Business

Global joblessness to hit nearly 186 million in 2026 as youth, women struggle for work

The Employment and Social Trends 2026 report highlights that 300 million workers are still living in extreme poverty, earning less than $3 (Sh387) a day. Even those in employment are often trapped in low-paying, insecure jobs, showing that having a job does not always protect against poverty.

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Energy and Petroleum Cabinet Secretary Opiyo Wandayi, appears before the joint committee of the Senate and National Assembly on Energy on Monday, 12 January 2026. Photo/David Bogonko Nyokang’i.
News

Wandayi defends State's South Lokichar oil development plan before MPs

The Energy CS defended the South Lokichar oil development plan before MPs, backing higher cost recovery limits while legislators pressed for debt transparency, cost controls and environmental safeguards.

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