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Business

Sugar workers issue strike notice over Sh10.8 billion unpaid dues
Business

Sugar workers issue strike notice over Sh10.8 billion unpaid dues

In 2025, the government leased the four state-owned mills to private investors as part of efforts to revive the sugar industry and attract fresh capital. The reform plan included a commitment to clear salary arrears and benefits for workers before and during the transition, but unions say these commitments have not been fully honoured.

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Kenya Power technicians at work. PHOTO/Business Today Kenya
Business

Treasury and Epra hold key to lower power bills after Kenya Power IPP talks

Kenya Power has already completed talks with several Independent Power Producers to review Power Purchase Agreements that have long been blamed for driving up electricity prices. The new terms, which aim to cut tariffs and convert contracts from foreign currency to Kenya Shillings, were finalised during the financial year ending June 2025 and submitted to Treasury and Epra for review, according to the Auditor-General.

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Government warns parents over fake calculators flooding the market
Business

Government warns parents over fake calculators flooding the market

The warning comes after ACA officers carried out an enforcement operation in Nairobi’s Central Business District, where they confiscated 2,996 counterfeit scientific calculators valued at about Sh8 million. The authority said the seized items were being sold to parents and students preparing for the new school term.

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Zenith Bank to Paramount Bank after approval
Business

Zenith Bank to Paramount Bank after approval

Kenya’s competition regulator has approved Zenith Bank’s acquisition of Paramount Bank, allowing the Nigerian lender to enter the market while requiring all 78 employees be retained for at least 12 months.

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PIDG commits Sh2.33bn to Kenya’s first industrial REIT
Business

PIDG commits Sh2.33bn to Kenya’s first industrial REIT

Approved by the Capital Markets Authority on 8 December 2025, the ALP REIT holds the distinction of being the first industrial income REIT in East Africa. It introduces a tax-efficient investment structure to Kenya’s industrial real estate sector, opening the market to a broader pool of institutional investors.

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PHOTO/Kenya Culture
Business

Government pensions set to soar to Sh278 billion in 2026

The Treasury expects retirements to accelerate across education, security services, and long-standing ministries, pushing the number of pensioners on the government payroll beyond 370,000 by 2026, up from about 340,000 in 2023. This surge is expected to inflate both monthly pension payouts and lump-sum gratuities.

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Central Bank of Kenya Governor Kamau Thugge.PHOTO/Nairobi Law Monthly
Business

CBK says Safaricom stake sale will not threaten financial stability

CBK Governor Kamau Thugge told the National Assembly’s joint committee on Finance and National Planning and Public Debt and Privatisation that the sale of a 15 percent government stake to South Africa’s Vodacom Group is unlikely to affect M-Pesa, the mobile money service holding more than Sh250 billion in customer funds.

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OpenAI begins global rollout of age prediction system on ChatGPT
Technology

OpenAI begins global rollout of age prediction system on ChatGPT

OpenAI explained that teens who already state they are under 18 during signup are given additional safeguards meant to limit exposure to sensitive or harmful content. The newly introduced system goes further by identifying accounts where age details are missing or may not be accurate.

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