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Kenafric Global Marketing, Nairobi (2026)

24/06/2026

✈️ JKIA EXPANSION: KENYA SIGNS KSH 154 BILLION DEAL

Nairobi Airport Set for Major Upgrade

Kenya has signed a $1.2 billion (approximately KSh 154 billion) agreement with a Chinese contractor to expand and modernize (JKIA). The project is expected to transform Kenya's main gateway into one of Africa's leading aviation hubs.

The expansion aims to increase the airport's annual passenger capacity from approximately 7.5 million to 22 million passengers, helping meet growing demand for air travel, tourism, and cargo services.

🚧 What the Project Includes

New Passenger Terminal

A modern terminal designed to handle millions of additional passengers annually.

Expanded Runways and Facilities

Improved airport infrastructure to accommodate increased air traffic and larger aircraft.

Enhanced Cargo Operations

Additional cargo handling capacity to support exports, imports, and regional trade.

Modern Technology

Advanced airport systems to improve security, passenger experience, and operational efficiency.

📈 Economic Impact

Job Creation

Thousands of jobs are expected during both the construction and operational phases.

Tourism Growth

A larger airport could attract more international airlines and visitors to Kenya.

Increased Trade

Improved cargo facilities will strengthen Kenya's position as East Africa's logistics hub.

Foreign Investment

Better infrastructure often attracts multinational companies and investors.

🇰🇪 Why It Matters for Kenya

JKIA serves as East Africa's busiest aviation gateway and is critical to:

✅ Tourism

✅ International trade

✅ Cargo transportation

✅ Business travel

✅ Regional connectivity

The expansion is expected to strengthen Nairobi's role as a major commercial and transport center for Africa.

📊 Quick Facts

💰 Project Value: KSh 154 Billion

✈️ Passenger Capacity Target: 22 Million Annually

🌍 Strategic Goal: Position Nairobi as a leading African aviation hub

👷 Expected Benefits: Jobs, tourism growth, trade expansion, and in

23/06/2026

🌍 EAST AFRICA'S ECONOMY SHOWS RESILIENCE AMID GLOBAL UNCERTAINTY

Regional Growth Driven by Infrastructure, Technology and Trade

East Africa continues to be one of Africa's fastest-growing economic regions despite global challenges such as inflation, debt pressures, and geopolitical tensions. Countries including Kenya, Tanzania, Uganda, Rwanda, and Ethiopia are investing heavily in infrastructure, digital transformation, manufacturing, and regional trade to sustain economic growth.

Economic analysts project continued expansion across the region as governments focus on improving business environments, attracting foreign investment, and strengthening trade links within the East African Community (EAC).

Key Growth Drivers

🚧 Infrastructure Development

Major investments in roads, railways, ports, airports, and energy projects are improving connectivity and supporting business growth.

📱 Digital Transformation

Mobile money, fintech, e-commerce, and internet connectivity continue to revolutionize how businesses operate and serve customers.

🌾 Agriculture

Agriculture remains a key economic pillar, supporting millions of jobs while contributing significantly to exports and food security.

🤝 Regional Trade

The East African Community is promoting cross-border trade, making it easier for businesses to access larger markets.

Opportunities for Businesses

✅ Manufacturing and value addition

✅ Agribusiness and food processing

✅ Renewable energy

✅ Technology and innovation

✅ Logistics and transport

✅ Tourism and hospitality

Challenges Facing the Region

⚠️ Rising public debt

⚠️ Climate change and drought risks

⚠️ High energy costs

⚠️ Currency fluctuations

⚠️ Global commodity price volatility

22/06/2026

🏪 Kenyan SMEs Remain Optimistic Despite Economic Challenges

Small Businesses Expect Growth in 2026

Small and Medium Enterprises (SMEs), which form the backbone of Kenya's economy, are showing strong confidence in the future. Recent surveys indicate that 66% of SMEs are optimistic about business growth, while 70% expect their revenues to increase over the next 12 months.

The positive outlook comes despite challenges such as high operating costs, access to financing, and changing market conditions.

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What's Driving SME Growth?

📱 Digital Payments

Mobile money platforms such as M-PESA continue to support businesses, with most SMEs now accepting digital payments.

🌐 Technology Adoption

Businesses are increasingly using social media, e-commerce platforms, and digital marketing to reach more customers.

👥 Growing Consumer Demand

As the economy stabilizes, many SMEs are reporting improved customer spending and business activity.

💡 Innovation

Entrepreneurs are finding new ways to offer products and services while reducing costs and increasing efficiency.

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Key Challenges Facing SMEs

⚠️ High cost of doing business

⚠️ Limited access to affordable financing

⚠️ Rising utility and transport costs

⚠️ Competition from larger businesses

⚠️ Tax and regulatory compliance requirements

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Why SMEs Matter

SMEs contribute significantly to Kenya's economy by:

✅ Creating jobs

✅ Driving innovation

✅ Supporting local communities

✅ Expanding financial inclusion

✅ Contributing to tax revenue

19/06/2026

📱 Safaricom Hits KSh 100 Billion Profit Milestone

Kenya's Largest Telecom Continues Strong Growth

Safaricom has cemented its position as East Africa's most profitable company after reporting a net profit of approximately KSh 100 billion and service revenue of over KSh 414 billion. The strong performance was driven by growth in mobile money services, data usage, enterprise solutions, and expansion in Ethiopia.

Key Highlights

💰 Net Profit: KSh 100 Billion

📈 Service Revenue: KSh 414 Billion+

📱 Continued growth in mobile data services

💳 M-PESA remains a major revenue driver

🌍 Expansion into Ethiopia showing progress

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What Is Driving Safaricom's Growth?

1. M-PESA Expansion

M-PESA continues to dominate Kenya's mobile money market, processing billions of shillings daily through payments, transfers, savings, and lending services.

2. Increased Data Usage

Growing internet pe*******on and smartphone adoption have boosted demand for data bundles and digital services.

3. Enterprise Solutions

Businesses increasingly rely on Safaricom for cloud services, cybersecurity, connectivity, and digital transformation solutions.

4. Ethiopia Market

Safaricom Ethiopia is steadily growing its customer base, opening a significant long-term growth opportunity.

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Impact on Kenya's Economy

✅ Increased tax revenues

✅ Job creation

✅ Growth of digital payments

✅ Financial inclusion

✅ Support for SMEs and entrepreneurs

✅ Attraction of foreign investment

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Why Investors Are Watching

Safaricom remains one of the most valuable companies on the Nairobi Securities Exchange and continues to be viewed as a key indicator of Kenya's economic performance.

Business Insight

The success of Safaricom demonstrates how technology, digital finance, and innovation continue to shape the future of business in Kenya and across Africa.

18/06/2026

🏛️ Counties to Receive KSh 428 Billion in New Revenue Allocation

Kenya's 47 county governments are set to receive KSh 428 billion after President William Ruto signed the Division of Revenue Bill 2026 into law. The allocation represents an increase of KSh 13 billion from the previous financial year and is expected to strengthen service delivery and accelerate development projects across the country.

What the Allocation Means

The additional funding is expected to support:

✅ Healthcare services and medical facilities

✅ Road construction and infrastructure projects

✅ Water and sanitation programs

✅ Agricultural development

✅ Education and vocational training

✅ Youth and women empowerment initiatives

County governments will now have more resources to implement development projects while improving essential services closer to the people.

Why It Matters for Businesses

The increased allocation could stimulate economic activity through:

📈 More government contracts and tenders

📈 Improved local infrastructure

📈 Increased employment opportunities

📈 Better business environments in counties

📈 Growth in local investments and trade

Business owners, contractors, suppliers, and SMEs are expected to benefit as counties begin implementing projects funded under the new budget.

17/06/2026

🟡 Gold Prices Rise as Investors Seek Safety

Gold prices have climbed for a third consecutive session, reaching above $4,300 per ounce, as investors move funds into safe-haven assets amid uncertainty surrounding global interest rates, inflation, and geopolitical developments. Recent tensions in the Middle East and expectations about future central bank decisions have increased demand for gold worldwide.

Why Gold Prices Are Rising

1. Safe-Haven Demand

When investors become uncertain about the economy or global conflicts, they often buy gold because it is viewed as a store of value.

2. Central Bank Purchases

Many central banks continue to increase their gold reserves as part of efforts to diversify away from traditional reserve currencies.

3. Inflation Concerns

Gold is often used as a hedge against inflation, making it attractive when prices of goods and services remain elevated.

Impact on Africa and Kenya

🌍 Higher gold prices benefit major African gold producers such as Ghana, South Africa, Tanzania, and Mali.

🇰🇪 For Kenya, rising gold prices can:

Increase earnings for gold exporters.

Encourage investment in mining activities.

Create opportunities for artisanal miners.

Attract foreign investors into the mining sector.

Business Insight

Although gold prices are near record highs, analysts warn that future movements will depend on:

U.S. interest rate decisions

Global inflation trends

Geopolitical developments

Strength of the U.S. dollar

Magazine Headline Idea

"Gold Shines Again: Investors Rush to Safe Haven as Global Uncertainty Persists"

Quote of the Day

"When uncertainty rises, gold often becomes the world's preferred insurance policy."

16/06/2026

📈 GLOBAL STOCK MARKETS RALLY AS OIL PRICES FALL

Global stock markets are experiencing a strong rally as oil prices continue to decline following easing tensions in the Middle East. Investors across the world have welcomed signs of stability, pushing major stock indices higher in the United States, Europe, and Asia.

Lower oil prices are good news for businesses because they reduce transportation, manufacturing, and energy costs. As companies spend less on fuel, profitability improves and investors become more confident about future economic growth.

For Kenya, the decline in global oil prices could bring significant benefits. Lower fuel import costs may help ease inflation, reduce business operating expenses, and support economic growth. Sectors such as transport, logistics, manufacturing, retail, and agriculture stand to benefit the most.

Analysts believe that if geopolitical stability continues and oil prices remain lower, global markets could maintain their positive momentum in the coming months.

🌍 What this means for Kenya:
✅ Lower fuel import costs
✅ Reduced inflationary pressure
✅ Lower transport and logistics expenses
✅ Improved business confidence
✅ Better outlook for trade and investment

As global markets rise, Kenyan businesses and investors should keep a close eye on international developments that could create new opportunities for growth.

15/06/2026

Why Are Oil Prices Falling?

Oil prices have dropped mainly because traders expect a reduction in geopolitical tensions in the Middle East, particularly after reports of a U.S.–Iran peace agreement and the reopening of the vital Strait of Hormuz shipping route. When the risk of supply disruptions falls, oil prices tend to decline.

Other factors contributing to the decline include:

Hopes of increased Iranian oil exports if diplomatic relations improve.

Weaker demand from China, one of the world's largest oil consumers.

OPEC's revised outlook, which suggests a more balanced oil market in 2026 rather than a supply shortage.

Impact on Kenya 🇰🇪

Lower oil prices can benefit Kenya by:

Reducing fuel costs for motorists and businesses.

Lowering transportation and production expenses.

Helping ease inflationary pressure on goods and services.

Reducing the country's fuel import bill.

What to Watch

Oil markets remain sensitive to developments in the Middle East. Any disruption to shipping through the Strait of Hormuz or renewed conflict could quickly push prices back up.

12/06/2026

KRA News Today
The Kenya Revenue Authority (KRA) is set to roll out a new digital tax monitoring system from 1 July 2026 that will allow real-time visibility of business transactions through expanded electronic invoicing, point-of-sale integration, and enhanced digital tax systems. The government says the move is aimed at improving tax compliance and revenue collection.

Tax Returns Deadline Approaching
KRA has reminded all taxpayers that 2025 Income Tax Returns must be filed by 30 June 2026. Those who fail to file by the deadline risk penalties, interest charges, and default tax assessments.
Relief on eTIMS Requirements
In a temporary relief measure, KRA has allowed taxpayers to declare valid business expenses that are not supported by eTIMS/TIMS invoices when filing 2025 returns. The expenses will be subject to verification after submission.
Proposed Changes in Tax Administration
Treasury CS John Mbadi has proposed changes that would require taxpayers filing nil returns to submit them much earlier than before as part of broader tax administration reforms intended to improve compliance and efficiency.
Why This Matters
For businesses, the key issues to watch are:
The July rollout of real-time transaction monitoring.
The June 30 tax return deadline.
Increased use of digital systems such as eTIMS and integrated revenue monitoring.
Tougher enforcement against non-compliance.

Business takeaway: KRA is moving aggressively toward digital tax administration, with real-time transaction monitoring becoming one of the biggest tax reforms affecting Kenyan businesses this year.

11/06/2026

Kenya Budget 2026/27: Key Highlights

Kenya's government is presenting a KSh 4.8 trillion budget for the 2026/27 financial year, focusing on economic growth, debt management, and job creation.

Key Areas of Focus

Reducing the fiscal deficit from about 6.4% to 5.4% of GDP.

Managing high public debt repayments.

Supporting businesses and economic growth without introducing highly unpopular tax measures.

Funding priority sectors under the government's Bottom-Up Economic Transformation Agenda (BETA).

What Businesses Are Watching

Possible changes to taxes and tax enforcement.

Fuel costs, which remain a major concern due to global oil price pressures.

Government spending on infrastructure, agriculture, manufacturing, and social services.

Measures aimed at attracting investors and strengthening economic stability.

Why This Budget Matters

Investors and financial markets are looking for a "credible fiscal path" that shows how Kenya will reduce borrowing while maintaining growth. The budget comes at a time when households are facing high living costs and the government is under pressure to increase revenue without overburdening taxpayers.

Business takeaway: The biggest question is whether the government can balance debt reduction, economic growth, and the cost of living. The budget's impact on taxes, fuel prices, and business costs will be closely watched in the coming days.

Kenafric Global Marketing

24/06/2026

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Monday	06:00 - 18:00
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Saturday	08:00 - 16:00
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