Business Snapshot: Key Highlights

Business Snapshot: Key Highlights

Good morning! Let’s dive into today's top stories from Business Daily. || October 3, 2024


Kenya Power monopoly to end early next year

Electricity producers will be allowed to sell power directly to consumers in the first quarter of 2025, the Energy Ministry has revealed, ending a monopoly by the State-run Kenya Power. — Read More

  • End of Kenya Power Monopoly: Kenya Power’s monopoly will end next year, opening the market to competitors, aiming to boost competition and lower electricity costs.
  • Liberalization of the Energy Sector: The government’s plan to open the electricity market seeks to attract private investments, improve service, and tackle power supply issues.


Chaos, patient suffering persist on shaky SHIF rollout

Chaos persisted for the second day as systems deployed to support the new Social Health Insurance Fund (SHIF) failed, leaving thousands of patients across the county stranded. — Read More

  • Challenges in SHIF Implementation: The SHIF rollout has faced confusion and inefficiencies, causing delays in patient care and frustration among providers.
  • Impact on Healthcare Access: Patients are struggling with treatment delays and unclear coverage, raising concerns about SHIF’s effectiveness in improving healthcare access.

Also read, Patients stranded in hospitals during chaotic SHIF rollout.


Only 10 counties met the own-source revenue target

Despite devolution marking a decade, more than three quarter of the counties are still struggling to attain their own-source revenue (OSR) targets. — Read More

  • Underperformance in Revenue Collection: Only 10 out of 47 counties met their revenue targets, showing widespread underperformance.
  • Impact on Fiscal Autonomy: Most counties' failure to meet revenue targets increases reliance on national transfers, potentially slowing development and services.


Safaricom eyes deals with Starlink rivals in data fight

Safaricom is looking to forge partnerships with satellite internet providers to counter the growing influence of Starlink, which has introduced faster and more accessible internet services. — Read More

  • Strategic Alliances in the Data Market: Safaricom is exploring partnerships with Starlink’s rivals to enhance its data services and counter Starlink's competitive pressure.
  • Leveraging Alternative Technologies: Safaricom plans to explore satellite services and diversify offerings to maintain market dominance amid rising competition.


145 factories face closure over Nairobi River pollution

The Kenyan government is set to shut down 145 factories responsible for polluting the Nairobi River as part of a larger effort to restore the heavily polluted waterway. — Read More

  • Environmental Compliance Crackdown: The government plans to close 145 factories polluting the Nairobi River, emphasizing stricter environmental regulations.
  • Economic Impact on Industrial Operations: Factory closures may impact jobs and output, but the government prioritizes environmental protection over economic concerns, signaling a shift toward sustainability.


State collects Sh127bn via e-Citizen

The government has collected at least Sh127.2 billion through the e-Citizen digital platform since President William Ruto ordered that all government services be paid through a single payment number. — Read More

  • Significant Revenue Collection: The government collected Sh127 billion via e-Citizen, showcasing its effectiveness in processing public services and payments.
  • Boosting Digital Governance: e-Citizen's success highlights the growing role of digital platforms in enhancing government efficiency, transparency, and service delivery.


“Sino-Kenyan relations have been transformative, with China playing a pivotal role in Kenya's infrastructure development. From roads to railways, the partnership has significantly contributed to Kenya’s modernization, fostering economic growth and creating new opportunities for trade and investment.” — Read More


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Five More Top Stories

  1. NSE investor wealth rebounds, increases by Sh237bn.
  2. Emerging key issues in the new university funding model.
  3. Treasury calls for rates cut as inflation falls to 12-year low.
  4. “Future of cooperation, governance”
  5. Construction contracts for the first time in 11 years.

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