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Data indicates that net domestic borrowing hit Sh854.5 billion, against the original target of Sh263.2 billion, as authorities leaned heavily on local lenders to fill the financing gap.
The property includes a newly built edible oil processing plant on two land parcels measuring 25 acres, alongside machinery and storage facilities. The auction is scheduled for September 9, 2025.
Data from the Kenya National Bureau of Statistics (KNBS) shows imports from China rose to Sh304.65 billion between January and June 2025, up from Sh257.70 billion in the same period last year.
The US had been the largest buyer of Kenyan coffee in the previous 2022/23 season, when it purchased 11,228 tonnes worth Sh7.93 billion and commanded a 23.41 percent share of the country’s exports.
Data from the Central Bank of Kenya (CBK) shows the amount rose by 5.58 percent from Sh86.99 billion in 2023, marking the fifth consecutive year of growth in remittances sent out of the country.
The new rules, set to take effect on November 1, 2025, aim to regulate cross-border deals and prevent anticompetitive practices within the bloc.
The National Assembly’s departmental committee on trade, industry and cooperatives said the deal undervalues the cement maker’s assets, which include investment properties worth Sh21.23 billion, largely comprising 4,626 acres of freehold land.
Net investment income increased 30.2 per cent to Sh17.28 billion from Sh13.27 billion, but this growth fell short of last year’s performance, when investment income had surged 150 per cent, significantly boosting profits.
The increase marked a jump from 4.1 per cent in July and the sharpest rise since June 2024 when inflation hit 6.2 per cent, largely influenced by short-term food crop prices.
The vessel, operated by French shipping giant CMA CGM, berthed at terminal 21 on its maiden call and is expected to offload 3,200 containers before sailing to Dar es Salaam.
The data reveals that in July, 53 per cent of firms funded their operations through banks and private equity, up from 38.7 per cent in May, making it the highest level of reliance in 15 months.
The profit climbed from Sh2.51 billion in the same period last year, supported by a 32.6 percent increase in insurance service revenue to Sh16.68 billion, up from Sh12.58 billion.