The United States has implemented a 10% import tariff on goods from Kenya, among 185 other countries, through a new executive order. This policy, signed by the US President, aims to bolster domestic manufacturing and enforce fair trade practices. US President, Donald Trump, has announced sweeping reciprocal tariffs including the 10.0% baseline tariff applying to economies such as Kenya. To make sense of what this means for Kenya, we need to understand what are Donald Trump’s demands regarding Kenya from a tariff… pic.twitter.com/pDojOm6rHe — Julians Amboko (@AmbokoJH) April 3, 2025 Kenya’s Foreign Affairs Principal Secretary, Korir Sing’oei, noted that the…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
GardaWorld Security has rebranded its Kenyan subsidiary, KK Security Ltd., to GardaWorld Security–Africa, aligning local operations with its global brand and signaling an expanded commitment to the East African private security sector. This rebranding follows GardaWorld’s January acquisition of Doctor No Parent Limited, KK Security’s parent company, for an undisclosed sum. GardaWorld has invested in technology-driven security solutions, including an upgraded National Security Operations Centre (NSOC) in Nairobi, featuring AI-powered remote monitoring, real-time tracking, and a comprehensive mobile response network. “Our brand evolution reflects our expanded service offering, combining local knowledge with global strength,” said Rishi Ahluwalia, GardaWorld’s country director…
Bupa Global, a leading international private medical insurance (IPMI) provider, has established its first African office in Nairobi, Kenya, following licensing approval from the Insurance Regulatory Authority (IRA). Kenya, East Africa’s largest economy, is identified as a strategic growth market for Bupa Global’s IPMI operations. The country’s sustained GDP growth and Vision 2030 goal of achieving middle-income status by 2030 align with the projected growth of Kenya’s health insurance market, estimated to increase from $1.42 billion in 2022 to $2.77 billion. The Nairobi office will employ a local team and non-executive directors, ensuring market responsiveness. Uditha Jayaratne has been appointed…
KCB Group has acquired a 75% stake in fintech firm Riverbank Solutions Limited, aiming to strengthen its regional distribution network. The transaction’s completion is contingent upon customary conditions, including regulatory approvals from the Central Bank of Kenya. This acquisition will enhance KCB’s digital capabilities by integrating Riverbank’s established presence in banking agency, social payments, and business solutions across Kenya, Uganda, and Rwanda. KCB will leverage Riverbank’s expertise in payment ecosystems and non-banking services, encompassing capability building, network expansion, and marketplace solutions. Riverbank’s technology platform, “Zed 360,” will enable KCB to provide SME and MSME customers with essential business management tools,…
Kenya Airways reported a record Ksh 5.4 billion profit after tax for the full-year period ending December 31, 2024. The airline says its net profit, which has risen by 124pc from a loss of Ksh 22.7 billion reported last year, is attributed to higher passenger numbers and an increase in operating profit during the period. “This achievement marks a major turnaround of the performance of the airline, which emphasizes on customer obsession, operational excellence, financial discipline, culture transformation innovation and sustainability,” said Michael Joseph, KQ Chairman. The flag carrier also recorded a 58pc surge in operating profit which increased by…
Ecobank Kenya has received a capital injection of KSh 3.5 billion (approximately USD 27 million), increasing its total capital to KSh 8.5 billion (approximately USD 65 million). This positions the bank closer to meeting the regulatory capital requirement of KSh 10 billion mandated by 2029. This capital infusion will bolster Ecobank Kenya’s capacity to support business expansion, facilitate regional trade, and enhance financial inclusion. The bank will focus on providing financial services to key economic sectors, including regional businesses, SMEs, FinTechs, and women-led enterprises. Specifically, it aims to strengthen its presence in high-impact areas such as agriculture, manufacturing, ICT and…