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Insightful Reads to Spark Your Business Growth

?Explore this weekend's top business stories—your curated update on the economy, leadership, and innovation.

State eyes Sh9.2bn private funds for Athi River affordable houses

Kenya seeks Sh9.2 billion in private investment to build 2,820 affordable homes in Stoni Athi, part of a Sh70 billion PPP plan. The project, on 23 acres of NHC land, is the first phase of a 10,500-unit development in Athi River. The government will provide key infrastructure.

• Stoni Athi is the only housing project among 37 PPP initiatives in progress.
• Some affordable units will go to NHC, while the developer keeps market-rate homes.

Why you will pay to use major Nairobi, Mombasa highways

The Kenyan government plans to introduce tolls on major highways, including Nairobi's bypasses and Thika Road, to bridge a Sh1.29 trillion funding gap for road construction and maintenance. The policy, under public review, seeks private investment, with investors recovering costs through user charges.

• Tolling will begin on high-traffic roads like Nairobi's bypasses, which have eased congestion.
• Discounts and waivers will apply to local short trips, frequent users, high-occupancy vehicles, and electric cars.

?Joseph Kamau: The man behind Kenya’s water infrastructure

Joseph Mungai Kamau, CEO of Athi Water Works, has spent 27+ years improving Kenya’s water sector. Appointed in Feb 2025, he oversees major projects like dams and tunnels, including Sasumua Dam, which boosts Nairobi’s water supply.

• Kamau affirms tap water safety, challenging bottled water perceptions.
• He studied civil engineering at UoN (1990) and has driven water infrastructure development since.

Atidi CEO Manuel Moses on place of political and credit risk insurance in spurring development

ATIDI CEO Manuel Moses highlights the organization's role in enabling development, particularly in Kenya’s energy sector, by mitigating risks like payment delays.

In an interview with Business Daily, ATIDI CEO Manuel Moses highlighted the organization's role in facilitating development projects:

"We are enabling development to happen. Projects that would otherwise not happen are happening, thanks to our instruments."

How Njeri's faith and family anchor her success as CEO

Njeri Jomo, CEO of Jubilee Health Insurance, credits her faith and family for her success. As a mother of three, she prioritizes raising independent, values-driven children.

In an interview with Business Daily, Njeri Jomo, CEO of Jubilee Health Insurance, shared her perspective on parenting:

• "Parenting is the only exam you get to know how you did long after."

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Shilling weakens to a two-and-a-half-month low against the dollar:

The Kenyan shilling fell to Sh129.58 against the dollar, a 2.5-month low, due to rising demand from importers and foreign bond investors repatriating funds. Its recent stability was aided by CBK’s dollar purchases, keeping it within the Sh129 range since August.

KRC wagons, coaches expansion hit by Sh7 billion funding cut:

Kenya Railways halted plans to acquire 800 wagons & 20 coaches after the government cut Sh7.6B in funding. The budget slash affects SGR wagon and locomotive upgrades, but Sh3.59B remains for key rail projects, including MGR & SGR locomotives and the Naivasha-Malaba SGR line.

“Why Kenya institutional investors should have crypto futures portfolios:”

Rufus Mwanyasi urges Kenyan institutional investors to consider crypto futures, citing diversification, evolving regulations, and blockchain innovation as key reasons. Some nations now treat crypto like strategic reserves.

Kenyan women turn to jaw-wiring for weight loss:

Kenyan women are turning to jaw wiring for weight loss, relying on liquid diets. Though marketed as non-invasive, experts warn of gum disease, loose teeth, and mental distress, stressing it's meant for medical use, not weight loss.

Business Daily!