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Safaricom lifted Nairobi on Thursday, pushing the NSE All Share Index up 0.5% to 246.82 while the shilling held steady at 129.71 per US dollar. The post Kenya Markets: NSE & the Shilling — October 1, 2026 appeared first on The Rio Times.
Kenya needs to lower the cost of electricity, create a more stable tax environment and undertake other reforms to attract private-sector investment and create jobs, according to the World Bank.
Kenyan inflation accelerated to the highest level in more than two and a half years in September, driven by higher energy and food prices.
A Kenyan High Court has ordered construction to be paused on Aliko Dangote’s $16 billion oil refinery in the East African nation, after a group of locals filed a case opposing the project.
Kenya’s public university lecturers plan to strike from 2 October. Vice-chancellors say the state owes them more than US$770 million and cannot fund a new pay deal without fresh Treasury money. The post Kenya Lecturers Set to Strike as Universities Report US$770 Million Hole appeared first on The Rio Times.
KENYA · RETAIL Key Facts —The country Kenya’s formal retail sector has seen several large chains fail under debt in the past decade. —The model Quickmart funds new stores mainly from internally generated cash, with suppliers carrying stock. —The scale It runs 72 stores across 16 counties, 35 of them open around the clock. —The […] The post Quickmart Kenya Grows on Supplier Credit Rather Than Bank Debt appeared first on The Rio Times.
Kenya · MINING Key Facts —What happened Kenya, on Africa’s east coast, opened a tender in March 2026 for Mrima Hill, a rare earth and niobium deposit. —The numbers The widely cited US$62.4 billion is a 2013 in-ground estimate by former licence holder Cortec, not a deal price. —The catch Kenya’s 2022 mapping found thorium, […] The post Scramble On for Kenya’s Mrima Hill Rare Earths and Niobium appeared first on The Rio Times.
Kenya · BUSINESS Key Facts —What happened Kenyan contractors have asked the High Court to force publication of tax breaks granted to Chinese-built projects since 2008. —The projects The petition cites the Standard Gauge Railway, Nairobi Expressway, Thika Superhighway and Lamu Port, all built by Chinese firms. —The legal claim Petitioners say tax and duty […] The post Kenyan Contractors Sue the State Over Tax Breaks for Chinese Firms appeared first on The Rio Times.
IFAD has approved an additional US$55 million, about Sh7.1 billion, to expand Kenya’s livestock commercialization project in the dryland counties. The post Kenya Livestock Project Gets US$55 Million More From IFAD appeared first on The Rio Times.
A 90-day window opened in September for foreigners running small businesses in Kenya. Here is what has been announced, what the paperwork costs, and what nobody has explained yet. The post Kenya Foreign Business Owners Get 90 Days to Fix Permits, Licences and Status appeared first on The Rio Times.
Kenya · FINANCE Key Facts —What happened Four Kenyan banks made the inaugural Forbes World’s Top Performing Banks 2026 top 500 list. —The numbers KCB Group ranked placed in The Banker 2026 Top 1000 with Tier 1 capital of US$2.455 billion. —Regional power Three Kenyan lenders accounted for three of East Africa’s four banks in […] The post Four Kenyan Banks Make a New Global Top-500 Ranking, in a First for East Africa appeared first on The Rio Times.
Africa China debt stock nears $181bn as Beijing slashes new loans 46% and shifts to small-and-beautiful projects. Here is what investors must watch in 2026. The post China Slashes Africa Lending 46% as Kenya and Angola Race to Refinance Old Debts appeared first on The Rio Times.
Kenya is due to start enforcing measures to restrict foreign nationals from operating small-scale businesses.
The Kenya economy faces a high-risk debt path, a stable shilling near KSh 129.47, and fresh IMF talks after its last programme lapsed. We look at growth, inflation and Nairobi costs. The post Kenya’s IMF Test Comes Due as the Shilling Holds Near KSh 129.47 appeared first on The Rio Times.
Supermarket shelves are emptying, sellers are rationing supplies and prices are rising.