Economy - News Light Kenya

Somalia Calls for Global Cooperation on Housing Solutions for Displaced Communities

Somalia’s Ambassador to Kenya Jabril Abdulle(Right) together with other stakeholders during a session at the Africa Urban Forum in Nairobi. Somalia has called for stronger global cooperation to address housing challenges affecting displaced communities, saying Africa must strengthen its voice in international discussions on urban development and social inclusion. Speaking during the Africa Urban Forum…

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Ps Hinga Link Kenya’s Housing Shortage to Low Wages and Rapid Urbanisation

Principal Secretary for Housing and Urban Development, Charles Hinga speaking during the African Urban Forum on April 09, 2026 in Nairobi Housing and Urban Development Principal Secretary Charles Hinga has attributed Kenya’s housing crisis to decades of policy shifts, rising land prices and low household incomes that have locked millions of urban residents out of…

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Kenya’s manufacturing sector has called for urgent action to address logistics bottlenecks that continue to undermine competitiveness and limit the country’s ability to fully benefit from the African Continental Free Trade Area (AfCFTA). This was during the launch of the Logistics Study Report by Kenya Association of Manufacturers (KAM). Findings from the report reveal that logistics costs across key trade corridors remain high…

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Kenya Targets $700 Million in Waste Sector Investments

– Currently, Kenya has more than 120 circular economy businesses operating across the value chain Nairobi, Kenya, March 30, 2026 – Invest Kenya has launched Waste Management and Circular Economy: Investment Pathways and Opportunities in Kenya, a new investment prospectus aimed at unlocking investment in Kenya’s waste management and circular economy sectors and highlighting the…

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NBK Records 178% Growth in Pre- Tax Profit as Turnaround Gains Momentum in FY 2025

National Bank of Kenya (NBK), a wholly owned subsidiary of Access Bank PLC, has reported a strong financial performance for the year ended 31 December 2025, posting significant growth in profitability, strengthened capital position, and improved asset quality following its integration into the Access Group. Profit before Tax rose sharply to KShs 2.91 billion, up…

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Lamu Port Sees Rising Vessel Calls as Cargo Volumes Signal Trade Uptick

The Port of Lamu is positioning itself for increased shipping activity in the coming weeks, signalling renewed momentum in cargo handling and strengthening its case as a regional transshipment hub. According to William Ruto, early indicators show a steady rise in cargo volumes, underpinned by growing confidence from global shipping lines in the port’s operational…

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Private Sector Protests New KEBS Levy, Warns of Rising Cost of Doing Business

Kenya’s leading business associations have called for the suspension of the new standards levy introduced by the Kenya Bureau of Standards (KEBS), warning that the measure will significantly raise the cost of doing business and undermine the competitiveness of local manufacturers. The government gazetted the Standards (Standards Levy) Order, 2025 under Legal Notice No. 136…

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KPC Announces 105.7% Subscription as KPC IPO Raises Sh106.7 Billion

CS John Mbadi speaking during the KPC  IPO results announcement in Nairobi on Wednesday March 04, 2026 The Kenya Pipeline Company (KPC) Initial Public Offer (IPO) was oversubscribed at 105.7 per cent, raising Sh106.7 billion in what has been described as a milestone for Kenya’s capital markets and privatization agenda. Speaking during the official release…

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Kenya Seed Warns on Fake Seeds, Assures Farmers of Adequate Supply Ahead of Long Rains

The Managing Director of Kenya Seed Company has warned traders against distributing counterfeit seeds, saying authorities are on high alert to shield farmers from losses ahead of the long rains planting season. Speaking during the Kenya Seed Classic Golf Tournament at Eldoret Golf Club, Sammy Chepsiror said the government is working closely with regulators to…

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Africa Needs Bold Aviation Reforms to Unlock Growth

Samuel Bajomo, Senior Special Adviser on Foreign Direct Investment and Capital Improvement Programmes to Nigeria’s Minister of Aviation and Aerospace Development, speaking during the Integrated Aviation Transformation Programme (IATP) forum in Nairobi on February 26,  2026 Africa’s aviation sector is struggling to reach its full potential, weighed down by ageing infrastructure, limited connectivity and policies…

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