Economy - News Light Kenya

Murkomen Commends Ruto’s Economic and Security Achievements.

  Interior Cabinet Secretary Kipchumba Murkomen has commended President William Ruto’s leadership, noting that the government’s progress in economic growth, infrastructure development, and security is positively transforming lives across the country. Speaking in Uasin Gishu County, Murkomen observed that although President Ruto hails from the region, his development agenda is benefiting all Kenyans, regardless of…

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Africa Must Equip Youth With Future Skills to Unlock Jobs, PS Mwadime Says

Labour and Skills Development Principal Secretary Shadrack Mwadime addresses delegates during the opening of the PROSPECTS Africa Forum on Decent Work and Forced Displacement, organised by the International Labour Organization (ILO) under the PROSPECTS Partnership, at the Mövenpick Hotel in Nairobi on July 21, 2026. Labour and Skills Development Principal Secretary Shadrack Mwadime has challenged…

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Britam Introduces Tailored Insurance Solutions for ICPAK Members

Britam General Insurance has deepened its push into Kenya’s professional services market through a partnership with the Institute of Certified Public Accountants of Kenya (ICPAK) that will provide more than 40,000 accountants with tailored insurance products. The agreement gives ICPAK members access to medical insurance, professional indemnity cover, motor insurance and home insurance, as the…

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Britam Hosts SME Forum to Unlock Growth Amid Profit Pressures

  Insurance firm Britam on Thursday brought together business leaders, entrepreneurs and industry experts in Eldoret for the second edition of its Biashara Network Connect forum, aimed at equipping small and medium-sized enterprises (SMEs) with strategies to drive growth in an increasingly challenging business environment. Held at the Grand Empire Hotel under the theme “Unlocking…

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Low marine insurance uptake exposes firms to mounting trade risks

Kenyan businesses are leaving billions of shillings worth of cargo exposed to losses despite increasing risks in global trade, highlighting a significant opportunity for growth in the marine insurance sector. Industry data shows Kenya’s marine cargo insurance segment generated Sh2.94 billion in insurance service revenue in 2025, supported by 32 underwriting firms. However, the uptake…

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Kenya Pushes Productivity Reforms

  Kenya is intensifying efforts to improve productivity in the public service, with leaders pushing for a stronger link between government spending and measurable service delivery outcomes. The discussions are taking place during the National Productivity and Performance Conference 2026, held in Nairobi and bringing together officials from the National Treasury, county governments, and the…

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From Abroad to the Village: How Remittances Are Transforming Lives in Rural Kenya

Professor Benjamin Muchiri, Kenya National Bureau of Statistics Director of microeconomic Statistics speaking during  the launch of the 2025 Remittances Household Survey on June 16, 2026 in Nairobi  Money sent home by Kenyans living abroad is increasingly becoming a vital source of support for families, helping pay for education, healthcare, food and investments while contributing…

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Africa Pushes for Home-Grown Financing to Reduce Dependence on Foreign Debt

Principal Secretary for Economic Planning Boniface Makokha speaking during the launch of Africa Capital Week in Nairobi on Monday June 15, 2026. Photo courtesy/Winnie Atieno  African leaders, policymakers and financial experts are increasingly calling for the continent to finance its own development by mobilizing local capital and reducing reliance on costly foreign borrowing. The discussion…

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Wandayi Unveils Energy Relief Measures as Manufacturers Push Back on Rising Cost

CS Opiyo Wandayi at a previous event. Photo/File Energy and Petroleum Cabinet Secretary Opiyo Wandayi has announced a raft of measures aimed at lowering the cost of doing business, including reduced electricity charges and a planned cut in diesel prices, following concerns from manufacturers over rising production costs and declining competitiveness. The interventions emerged after…

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Mombasa Cement Ltd, Athi River Plant crowned overall winner at the 2026 Energy Management Awards

Kenyan manufacturers and businesses demonstrating excellence in sustainability, energy efficiency and green industrialization were celebrated at the 2026 Energy Management Awards (EMA), with Mombasa Cement Ltd Athi River Plant emerging as the Overall Winner in a competition that highlighted the growing shift by industry toward cleaner and more efficient production systems. The awards, organized by…

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