E-vehicle firm Roam opens fast charging station in Nairobi

Kenyan electric vehicle (EV) company Roam Motors has opened a fast-charging station for light vehicles in Nairobi that allows electric motorbike operators to charge their 80-kilometre-range batteries to full capacity in 20 minutes.

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The 6.6-kilowatt direct current (DC) station has open-charge standards, making it interoperable across two-wheelers, tuk-tuks, and light passenger cars, regardless of the manufacturer.

Motorists have had to spare up to an hour to fill up their batteries using fixed chargers at Roam’s 15 charging hubs in Nairobi, while mobile chargers take up to three hours.

The company said the new fast-charging station will operate day and night, and motorists will charge their vehicles on a self-service basis and pay through mobile money or the Roam application.

‘For nighttime charging, the price rate is Sh25 per kWh, while daytime charging is Sh40 per kWh,’ Roam told the Business Daily.

Kenya Power has a special e-mobility tariff for EV charging to incentivise EV uptake; a lower off-peak rate of Sh8 per kilowatt-hour (kWh) and a higher peak rate of Sh16 per kWh.

Two-wheelers dominate Kenya’s EV update. Electric motorcycles and bicycles made up 95.2 percent (8,712 units) of the 9,144 EVs registered in Kenya as of last December, according to data from the Electric Mobility Association of Kenya (EMAK), an industry lobby group.

Electric buses, minibuses and cars make up a paltry 2.7 percent or 247 units of the total EVs, as a lack of adequate electric charging infrastructure and acquisition costs slows their uptake. As of last December, electric motorcycles alone accounted for seven percent of all new registrations for the units.

Official data from the Energy and Petroleum Regulatory Authority (Epra), however, puts the total EVs in Kenya at a lower figure of 6,442 units as of June this year. Still, the number of EV charging stations across the country stands at a meagre 300.

EV companies have been partnering with local oil marketing companies like TotalEnergies to expand their DC charging station networks by setting up charging points at gas stations, avoiding the extra costs of setting up standalone charging stations.

Roam, one of the country’s pioneer EV companies, says it has put 3,500 electric motorbikes on the road since 2017.

The company plans to introduce a universal fast-charging station under such partnerships at each of Nairobi’s satellite towns, like Machakos, Thika, Kiambu and Kajiado in 2026.

The Kenyan electric bus and minivan assembler BasiGo has also been scaling its DC fast-charging network beyond Nairobi, where it has 10 points.

The company maintains Kenya’s largest electric bus fleet (82) and has set up charging points in Nyahururu and Kiambu over the past year.

In addition to the special power tariffs for EV charging, Kenya has also lowered excise duty on EVs from 20 percent to 10 percent and exempted them from Value Added Tax (VAT) to boost their uptake and lower carbon emissions.

The government also plans to invest $47.26 million (Sh6.12 billion) to install 10,000 charging stations across the country in three phases by 2030.

Secrets from the kitchen: Here’s what it takes to make five-star chapati

Gone are the days when chapati was reserved for special occasions. From street food vendors to hotel buffets and the family weekly menu, chapati has become a common staple.

But just like skinning a cat, there’s more than one way to make chapati. Some like theirs plain and golden, while others enjoy them with a twist, infused with beetroot, carrot, or even sweet potato for a splash of colour and flavour.

This festive season, chapati is sure to take centre stage at our tables. Chef Ben Luchinye Masinya from Nairobi Serena Hotel shares tips on how to whip up five-star chapatis right in your own kitchen. What you’ll need: (makes around 50 chapatis)

– 2kg of all-purpose flour and some extra for dusting

– 500g butter (melted) and some extra for layering and frying

– 1 litre of milk

– 400ml of coconut milk (room temperature)

– 100g of Sugar

– 25g of salt

The first thing chef Ben does is warm the milk until it’s lukewarm; not hot and not cold. Showing me how one can test the temperature of the milk, he scoops a little using a wooden ladle and puts a drop of it on the back of my palm. And while some argue that the temperature of your wet mixture does nothing for the chapati, chef Ben’s position on the matter is loud and clear. ‘The milk has to be a bit warm to achieve that soft texture in the chapati. Cold milk won’t do.’

Once warmed up, he pours the milk into a mixing bowl and adds some melted butter, coconut milk, sugar, and salt. He then whisks the mixture until everything is well-combined.

Now, the secret to Serena Hotel’s fluffy and flavourful chapatis, the chef reveals, is the butter and coconut milk. So if you’re really going for the five-star experience, you might not want to skip these.

However, if all you are after is some nice chapatis without any frills, the good chef testifies to seeing others use corn oil in place of butter, and lukewarm water instead of milk.

Gesturing to the wet mixture, he continues, ‘At this point, I want to add my flour.’

He dumps it all in one go as opposed to a little at a time, crediting the prior measurement he’d done while preparing his ingredients.

Still, the mixture ends up a bit soggier than he’d like and as he kneads the dough into submission, he adds a little more flour to it.

The duration for which one should mold the dough is subjective, but the chef shares his marking scheme with us.

‘You look at the consistency. The flour has to be mixed well and the dough should be soft.’

Once the dough passes the balance check, then it’s time to cover it with a plastic wrap and put it in the fridge for at least 15 minutes.

‘You have to put it in the fridge so it can proof. This is a process that also helps with the texture.’

Taking the proofed dough from the cooling box, chef Ben divides it into smaller portions. Dusting his counter with some flour, he rolls out these portions using a rolling pin. Little attention goes to the shape as he chooses instead to focus on the thickness of his rolled out dough.

‘It should be thin so that the layers come out nicely,’ he responds when I ask.

When he’s satisfied with the stretched-out piece before him, he dips a brush in some melted butter and spreads the fat across the flattened dough. Covering the entire circumference with his brush strokes, he sprinkles some flour over the top.

‘Do you know why I’m sprinkling this?’ He asks. ‘It’s so that the layers separate.’

And while the chef doesn’t expressly come out and say it, I get the feeling that this is the step you want to get right if you want your audience singing praises over the flakiness of your chapatis.

Once properly buttered and floured, he masterfully folds the dough into spiral balls and places them on some baking sheets, allowing them to rest for about 10 minutes.

As we wait, the chef’s black, cast-iron pan pre-heats on his cooker and he takes the opportunity to debunk a common myth about cooking pans.

The myth is commonly peddled by kitchenware sellers, and it claims that with continued use, the shiny stainless-steel pans that have flooded the market today eventually turn into the black cooking pans that some of our grandmothers and mothers still use to make their chapatis.

‘It’s a lie. Cast-iron and stainless steel are two different things. The steel pans are much lighter in comparison,’ he notes. ‘Cast-iron pans, though they are a bit rare these days, are the best ones to use. You can mostly find them in Indian shops.’

Diving back into the cooking, the chef grabs his rolling pin and some dusting flour for his workstation. Picking one ball at a time, he rolls them out on the metallic countertop, this time with more precision and care. Clearly, the shape matters here, and he turns his dough this way and that in between rolls, to ensure a uniform stretch.

‘You should be keen here, and roll from the centre outwards,’ he advises. ‘And in line with our hotel’s preference, the chapati should be rolled thin.’

Checking on his heated pan, he dips a clean cloth in fresh water and douses the pan with the cool liquid. As the water sizzles and evaporates, I ask him what that is all about.

‘It ensures that the heat is evenly spread across the pan so that one part is not hotter than the other.’

Wiping down any remaining droplets, he turns the heat to a medium setting. Once the pan is sufficiently dry, he greases it with some butter. Using a serviette, he then wipes down the butter, effectively spreading it across the entire pan.

‘That transforms it into a non-stick pan,’ he reveals with a smile. ‘Now we blanch our chapati.’

Movements punctuate his statement as he carefully lifts his rolled out dough from the counter and onto the pan. Small bubbles begin to form across the surface of the chapati almost immediately, but 15-20 seconds pass before he flips it over and allows the other side to brown as well. Satisfied, he removes the blanched chapati from the pan and puts it aside to cool while he repeats the process with the rest of the rolled dough.

As he works, he shares about the changes he has witnessed in the chapati-making culture. He recounts his observations from his days as a young boy waiting by the fire while his mother prepared chapatis up until now, as a respected chef in a five-star establishment.

‘Things have changed. In the old days, we used to knead the dough with our hands, but now we use machines. We used to cook over firewood or charcoal, but today it’s a different story.’

Ready for the final step, he gives his pan one final cleansing wipe before placing back his blanched and cooled chapatis, one piece at a time.

On these, he spreads butter on the top side, then flips it over and does the same on the lower side. When that is done, he consistently flips the chapati this way and that, never allowing it to sizzle on for too long. He does this till both sides attain a nice, golden finish, and then places the chapati aside to await plating and service. By the time he’s done, the kitchen is awash with that familiar aroma of chapati and it instinctively sends my mouth watering.

With the hotel serving its chapatis in cut up slices, he halves his chapatis, then turns the halves into quarters and then into eighths, which he goes on to neatly arrange on a platter.

‘We serve our chapatis with Indian curries, beef, or chicken stew. But it’s not limited, we can serve it for breakfast, lunch, or dinner.’

On a more personal note however, the chef’s favourite pairings include chapati with tea or chapati with milk. Presented with the age-old choice between chapati-beans (mandondo) and chapati-chicken, his answer comes quickly, ‘Chapati with chicken, of course.’

To the taste, chef Ben’s chapatis are sweet and buttery. They tear easily and perfectly compliment the savoury beef stew that he serves it with. Cut up into smaller pieces as they are, my only concern is my wavering self-control.

Absa profit up 15pc on lower provision for loan defaults

Absa Bank Kenya has reported a 14.7 percent increase in net profit to Sh16.9 billion for the nine months ended September on lower provisions for bad debts and cheaper cost of funds.

The subsidiary of South Africa-based Absa Group saw its net income rise from Sh14.7 billion a year earlier.

The lender rode on a 39.6 percent cut in provisions for bad debts and 28.5 percent drop in interest paid to customers to shield its profitability against a drop in interest income.

‘Profit after tax grew by 15 percent year-on-year to Sh16.9 billion, supporting a strong return on equity of 24 percent,’ said the bank’s managing director Abdi Mohamed.

‘Revenue closed the quarter at Sh46.6 billion, a marginal decline compared to last year attributable to lower interest rates margins, which saw our net interest income drop by 5 percent. This was, however, offset by prudent management of the cost of funds,’ he added.

Absa’s loan loss provisions fell by Sh3.1 billion or 39.6 percent, resulting in a 13 percent drop in operating expenses covering for lost interest income.

The lower provision was despite the stock of bad loans rising 3.8 percent to 44.3 billion amid a tough economic environment that has seen businesses and individuals struggle to repay their loans.

Absa said the loan provisions have dropped because of debt collection activities especially from corporate borrowers. The lender noted that its small and medium enterprises (SME) portfolio also recorded improved loan repayments.

“Gross non performing ratio has slightly increased due to increased non-performing loans, however this does not result in increased provisions due to sufficiency/cover from securities held,” Absa said.

Banks have been cautious in lending to avoid defaults while businesses have shelved borrowing plans due to high interest rates resulting in the industry loan book remaining stagnant.

Absa’s loan book declined to Sh309.7 billion from Sh311.4 billion a year earlier with interest income from loans falling at a faster rate of 19.6 percent to Sh32.5 billion which was attributed to the shrink in loan book accompanied by lowering of lending rates.

The Central Bank of Kenya has been pressuring banks to lower loan prices by cutting its indicative base rate in the last eight meetings held by the monetary policy committee.

The reduction in interest rates saw the bank lower interest paid to customers to Sh9.5 billion for Sh384.3 billion held in deposits compared to Sh13.3 billion paid out a similar period last year when it was holding Sh351.7 billion deposits.

‘The decline in interest income from loans and advances was driven by a reduction in yields on loans given the general decline in interest rates,’ said Sterling Capital in a note to investors.

‘Unlike its peers, Absa has been passing the entire benefit of lower interest rates to its clients and this may prove to be a key positive in 2026 as the bank feels the resultant impact of lower margins in 2025 while other banks may be recipients of the same impact in 2026 once the application of Kesonia gains steam.”

Increased lending to the government saw Absa record a 53.5 percent jump in interest from Treasury bills and bonds to Sh10.1 billion helping the bank absorb the income loss from lending to the private sector.

The bank also cut other operating expenses -including staff costs by two percent- riding on increased digitisation of processes.

Reprieve for Nairobi Hospital in Sh208m row with ex-CEO

Nairobi Hospital has secured a reprieve from the Labour relations court in a Sh208.3 million employment dispute with its former CEO, Dr Allan Pamba.

This is after the judge blocked Dr Pamba from demanding payment of the entire amount, which he was awarded by court for unfair termination of his contract, pending determination of the hospital’s appeal at the Court of Appeal.

In the conditional stay of execution, the hospital must immediately pay Dr Pamba Sh9 million and deposit Sh27 million as security in a joint interest-earning account within 21 days.

The dispute arose after the court initially ruled in Dr Pamba’s favour on June 19, 2025, awarding him Sh208.3 million, comprising Sh36 million for unfair dismissal and Sh172.35 million for future lost income.

Hired in March 2020 at a monthly salary of Sh3 million, Dr Pamba’s three-year contract was terminated in October the same year on account of alleged unsatisfactory performance.

This was after his appraisal by the board of management chairperson Dr Irungu Ndirangu and the termination came immediately after the end of the probationary period.

He sued, and the Labour Relations Court ruled in his favour, stating that the termination was based on malice and bad faith.

He stated that the alleged unsatisfactory performance was aimed at painting him as a non-performer and to set the stage for his unlawful dismissal.

The hospital, aggrieved by the judgment, moved to the Court of Appeal and sought a stay arguing that immediate payment would cause substantial financial harm.

‘By any parameters, that is a huge sum of money which requires a massive capital chest to meet,’ the court remarked in the ruling.

Dr Pamba had opposed the application, accusing the hospital of attempting to delay justice and insisting that the full decretal sum be secured.

He argued that the hospital’s right of appeal did not override his right to execute the judgment and that the application was meant to frustrate him.

The hospital indicated that it was ready to abide by any conditions imposed by the court.

The court dismissed technical objections, including claims that the hospital’s new lawyers improperly filed the motion without court approval.

While acknowledging procedural gaps, the judge ruled that no prejudice was caused. Citing precedent, the court emphasized balancing the hospital’s right to appeal against Dr Pamba’s entitlement to the judgment’s benefits.

The judge noted the colossal award amount but found no evidence that Dr Pamba lacked means to refund the money if the appeal succeeds.

The hospital had submitted 2023 financial statements to demonstrate solvency and ability to pay the sums as ordered by the court, though Dr Pamba dismissed them as outdated.

He urged the court to disregard the financial statements because they were from two years before the current case.

Ultimately, the court imposed strict conditions to safeguard both parties’ interests, ordering the deposit within 21 days and allowing costs to follow the appeal’s outcome.

Regarding the hospital’s claim that ‘Dr Pamba’s means and sources of income were unknown’ and that it would suffer irreparable harm if execution ensued, the court stated that the institution ‘did not show that he was a person of straw’.

In his case against the hospital, Dr Pamba stated that he was hounded out because of vested interests by one of the Board members at the time, including granting tenders to a certain company.

He highlighted the milestones he achieved while serving the hospital, including adding a seven-bed facility.

Another achievement, he said, was negotiating with the United Nations for a $10 million (Sh1.29 billion) investment for expansion of the facility, though the Board chairperson denied this and claimed that the deal was negotiated by the board members.

The chairperson also denied the assertions made against him by the former CEO, including allegations of repeatedly coercing and threatening him to ensure that a tender for security system installations was awarded to a particular company.

Eight judges, JSC sued over KCB’s auction of 443-acre Thika farm

In a three-decade legal battle, a businessman and two companies have sued eight senior judges for allegedly relying on a non-existent court order that allowed KCB to sell a 443-acre coffee farm in Thika to recover unpaid debt.

The Judicial Service Commission (JSC) has also been sued for allegedly shielding judicial officers from accountability.

The petition, filed at the High Court in Nairobi by businessman Kung’u Muigai, Benjoh Amalgamated Limited and Muiri Coffee Estate Limited, seeks an order compelling the JSC to disclose its proceedings and reasons for dismissing their complaint against the judges’ conduct.

The judicial officers – including Supreme Court justices Mohamed Ibrahim, Njoki Ndung’u, and Isaac Lenaola, as well as Court of Appeal judges Milton Asike Makhandia, Kathurima M’Inoti, Sankale Ole Kantai, Francis Tuiyott and John Mativo – have been sued in their personal capacities, in an unprecedented attempt to lift their judicial immunity.

At the heart of the dispute is a contested 1992 consent decree which the petitioners claim was neither signed nor recorded.

They allege that the judges acted in ‘bad faith’ by upholding this decree, which led to the unlawful auction of their land. The case challenges the scope of judicial immunity under Article 160 of the Constitution, arguing that judges who engage in unlawful conduct should not be shielded from legal consequences.

The dispute dates back to 1992, when KCB moved to auction the petitioners’ property due to an alleged loan default.

According to Mr Muigai’s legal team, Muiri Coffee Estates Limited owned the land, while Benjoh Amalgamated Limited had offered titles to two other properties as security for credit facilities.

The petitioners claim that KCB relied on a fabricated consent decree dated May 4, 1992 to justify the sale.

In 1997, Justice Erastus Githinji reportedly ruled that no such consent existed. However, a 1998 appellate bench of three judges overturned this decision – a ruling which the petitioners are now questioning, noting that all three judges later faced queries related to their suitability to serve in the Judiciary.

Despite subsequent appeals, later benches – including Justices Isaac Lenaola (2004), Milton Asike-Makhandia, Kathurima M’Inoti, Sankale Ole Kantai, and John Mativo (in 2017 and 2024) – reaffirmed KCB’s position based on the disputed decree, resulting in the loss of the land.

The petitioners argue that these rulings lacked evidence and violated their constitutional rights to property (Article 40), fair administrative action (Article 47), and a fair hearing (Article 50).

Their advocate contends that judicial immunity must be ‘transformatively interpreted’ to exclude ‘manifestly illegal, unconstitutional, and unlawful acts.’ The advocate questions whether Kenyans should bear losses caused by judicial impunity without recourse.

The petitioners accuse the JSC of failing to investigate their complaints despite submitting a petition between October 2024 and August 2025.

On August 7, 2025, the JSC dismissed their petitions without explanation, raising concerns over judicial accountability.

The petition argues that this undermines constitutional oversight, and violates Articles 172 (judicial accountability) and 50 (fair hearing).

‘The JSC’s refusal to probe these allegations or disclose the judges’ responses undermines constitutional oversight,’ the petition argues.

Central to the case is whether judicial immunity under Article 160(5), which protects judges for actions taken in ‘good faith’, extends to unlawful conduct.

The petitioners assert that reliance on a non-existent decree constitutes ‘unlawful judicial function’ and should not be shielded.

They are seeking declarations that the 1992 consent decree is invalid, that the judges violated constitutional rights, and that the JSC neglected its oversight duties.

Additionally, they demand clarity on whether judicial immunity covers ‘unlawful’ acts.

The case has been filed under a certificate of urgency and requests a three-judge bench to address these ‘substantial and novel’ constitutional issues. The matter is scheduled for mention on November 26, 2025, to confirm responses and set hearing directions.

How half of Sh50,000 earners are setting course for poverty in old age

More than half of workers earning less than Sh50,000 are not saving for pension, setting up thousands of Kenyans to old age poverty.

Financial service firms ICEA Lion Group reveals in a survey that 27 percent of respondents earning less than Sh30, 000 are saving for the retirement, while 45 percent of persons between Sh30,000 and Sh50,000 have no pension savings.

In contrast, 56 percent of Kenyans earnings between Sh50,001 and Sh100,000 a month are making pension savings, representing more than half of the income group.

Earners of more than 500,000 a month have the highest proportion of persons making pension savings at 89 percent.

This exposes the lower earners to old age poverty, which in itself has significant social implications in a country where the traditional patterns of the young caring for the old are changing.

Analysts point out that the relatively low number of Kenyans saving for pension and the value of payouts at retirement have compelled many retirees or those approaching the legal retirement age of 60 to continue working.

‘Pension savings appear to increase with increase in monthly income. Similarly, the savings increase with age apart from those over 60 and still working,’ the report indicates.

‘A significant portion of the currently working population has alternative savings with fixed deposits and other formal investments with saccos being the most popular choices. Retirees mostly had alternative savings in Saccos and fixed deposits and other formal investments,’ the report added.

The high share of Kenyans not paying for pension are in the informal sector given that formal sector workers are obligated to save for retirement through the National Social Security Fund (NSSF).

The average savings for the formal sector stood at Sh4,733 and Sh1,421 for informal sector workers, an indication that most workers would struggle to build an adequate retirement nest

The survey sampled 1,300 individuals from both the formal and informal sectors across key urban and semi-urban areas of Nairobi, Mombasa, Eldoret,Nakuru, Nyeri and Kisumu.

About 45 percent of the respondent are savings with NSSF, making it dominant compared to company sponsored schemes.

The NSSF’s monthly contributions stood at Sh400 for years, and the fund on average paid out less than Sh250,000 when a member retires.

Workers are presently paying up to Sh4,320 monthly after NSSF contributions were increased in February 2023.

A 2024 survey by the Retirement Benefits Authority (RBA) showed that most retirees struggle with inadequate pension savings due to high living costs and a burden from dependants.

Only four out of every 10 surveyed retirees or 41 percent of them felt that their pension was sufficient.

‘Despite many saving for 30 to 40 years, only 41 percent felt their pension benefits were sufficient. This suggests that savings rates are often too low, emphasising the need for encouraging higher contributions and additional voluntary contributions,’ RBA said.

The uptake of additional pension contributions, over and above the mandatory NSSF remittances, stands at only 19 percent. The regulator also reveals a sharp drop in income post-retirement where most retirees earn significantly less than before which reinforces the need for more aggressive saving and better financial planning.

Kenyans, on average, are living longer, and the number of elderly poor is rising as the traditional social fabric yields to the forces of rapid urbanisation and changing social and family trends.

In the past, social security was not a bother to many Kenyans because there was a large extended family to fall back on in the rural areas, but as the social fabric changes and more people opt to retire in urban centres, the trend is increasingly becoming a headache to policymakers.

This is what prompted the State to start a monthly stipend of Sh2,000 for those above 70 years to cushion them from old-age poverty.

Nairobi and Kiambu lead in uptake of insurance

Nairobi, Kiambu, Murang’a, Nyeri and Kirinyaga counties top the list of regions with the highest insurance uptake as Kisumu, Siaya and Meru sit at the bottom of the access ladder, revealing the country’s socio-economic imbalance.

A Financial Sector Deepening (FSD) survey shows the ratio of Nairobi City residents reporting access to at least one insurance product in their own name, excluding social health cover, stood at 12 percent last year-tying it with Kiambu.

They were followed by Murang’a at 11.3 percent, Nyeri at 10 percent and Kirinyaga at 9.5 percent, while Kisumu (1.1 percent), Siaya (1.2 percent) and Meru (1.3 percent) sit at the bottom.

The report’s county-by-county ranking reveals a link between insurance uptake and the country’s socio-economic status.

Counties such as Nairobi, Kiambu, Murang’a, Nyeri, Kirinyaga, Kajiado and Nyandarua which boast of higher levels of formal employment, business density, literacy levels and relatively diversified household incomes are able to tap insurance more.

In contrast, counties such as Kisumu, Siaya, Meru, Kitui, Taita-Taveta, Marsabit, West Pokot, Lamu, Homabay and Kilifi where there is higher dependence on informal sector and weaker financial infrastructure lag.

The divide in insurance uptake among counties leaves millions of households exposed to risks such as health crises, crop and livestock losses, accidents and natural disasters – shocks that often push vulnerable families deeper into poverty.

Insurance uptake is often viewed globally as a proxy for economic development and financial maturity. High uptake reflects financial literacy, better disposable income and stable livelihoods-factors more prevalent in urban and peri-urban counties.

‘By 2024, exclusion from insurance (excluding NHIF) remains highest among casual workers, dependents and agricultural livelihoods, suggesting that informal employment and financial vulnerability limit access,’ notes the survey.

‘Those employed and business owners show relatively lower rates of exclusion. Those who are not financially healthy and in lower wealth quintiles consistently report high levels of insurance exclusion, while improvements are seen among financially healthier and wealthier individuals. The data underscores a persistent socio-economic divide in usage of insurance services.’

Kenya National Bureau of Statistics (KNBS) data shows Nairobi contributes 27.4 percent to the value of Kenya’s economy, followed by Nakuru (5.7 percent), Kiambu (5.5 percent), Mombasa (4.8 percent), Meru (3.5 percent) and Machakos (3.2 percent).

The FSD survey was carried out when the country was about to transition from the National Health Insurance Fund (NHIF) to the Social Health Insurance Fund (SHIF). The survey showed Kenya’s access to insurance (excluding NHIF) fell from 6.9 percent in 2021 to 6.3 percent in 2024, while access including NHIF fell from 23.7 percent to 22 percent over the same period.

At the same time, usage-including secondary use through another person’s policy-rose from 11.4 percent in 2021 to 13.7 percent in 2024 for insurance excluding NHIF and from 28.2 percent to 29.5 percent for all insurance including NHIF.

This divergence suggests that while fewer Kenyans had policies in their own name, many continued benefitting from employer-based schemes, group policies and dependents’ coverage.

‘Overall trends show sustained disparities in access by residence, gender, age, and education level. These trends highlight growing inequalities and underline the need for inclusive reforms in Kenya’s insurance landscape,’ said the survey.

The report identifies affordability as the single largest barrier to insurance uptake. A striking 76.2 percent of uninsured Kenyans cited cost as the main reason they do not hold an insurance product. Women (77.3 percent) are more affected by cost barriers than men (74.7 percent), reflecting gendered income disparities.

The second biggest obstacle is lack of understanding, reported by 23.4 percent of respondents- a challenge more pronounced in rural areas (27.8 percent) than in urban centres (15.5 percent). Other barriers include lack of national identification card (8.4 percent), belief that insurance is unnecessary (7.4 percent) and lack of trust in providers (1.6 percent).

Among those who previously held insurance but discontinued, 61.4 percent said they could no longer afford premiums while 41.9 percent cited job or income loss as the trigger for dropping out. About 65.5 percent of business owners who abandoned insurance did so because they could not afford premiums.

The findings reinforce the vulnerability of insurance uptake to economic shocks, especially in a country where a large share of the workforce is informal and income volatility is high.

Education strongly predicts insurance uptake, with tertiary-educated Kenyans enjoying 18.9 percent access to insurance- excluding NHIF- compared to only one percent for those with no formal education.

‘The survey revealed that access to insurance excluding NHIF, varied by education level, reinforcing the findings that a lack of understanding contributes to low uptake among those without insurance in their own name,’ said the survey.

CBK under pressure to hold more dollars on rising imports

The Central Bank of Kenya (CBK) must hold at least Sh1.17 trillion ($9.1 billion) in hard currency reserves to meet its requirement of keeping at least four months of the country’s import requirement as orders for goods from abroad rise.

This represents a 16 percent rise from Sh1 trillion ($7.8 billion) at the start of the year, which signals Kenya’s rising import needs.

CBK is required to keep hard currency reserves equivalent to at least four months of the country’s import requirement to meet short term shocks including unavailability of US dollars from the market.

The apex bank calculates in foreign exchange reserves based on the 36 months average of imports of goods and non-factor services.

CBK’s foreign exchange reserves stood at Sh1.59 trillion ($12.2 billion) as of November 13, 2025, representing about 5.4 months of imports into the country.

The reserves must be kept at about Sh1.17 trillion ($9.1 billion) using the same import demand estimate if CBK is to maintain its import cover requirement at a minimum of four months.

Three years ago, CBK would have required less than Sh1 trillion in reserves to cover at least four months of the country’s imports with the threshold sitting at Sh925.7 billion ($7.148 billion) as at the start of January 2023.

Kenyan import demands have continued to rise, driven mostly in recent months by orders for machinery and transport equipment.

‘Good imports increased by 9.2 percent in the 12 months to August 2025 mainly due to an increase in intermediate and capital imports, particularly machinery and transport equipment,’ CBK said last month.

‘Goods imports were 9.1 percent higher in the first eight months of 2025, mainly due to an increase in intermediate and capital goods imports.’

Total goods imported between January and August 2025 stood at Sh2.06 trillion ($15.94 billion) from Sh1.89 trillion ($14.61 billion) in the same period last year.

CBK’s usable foreign reserves have stood firm against pressure from rising imports backed largely by inflows from diaspora remittances and US dollar denominated debt.

According to the Ministry of Foreign Affairs and Diaspora Affairs, remittances crossed the Sh1 trillion mark for 2025 this month underpinned by the government’s engagement with the community abroad.

‘Diaspora remittances remain a vital pillar of our economy, providing financial support to households which directly contribute to national development. These resources are essential in complementing our economic strategies and advancing Kenya’s growth agenda,’ Foreign Affairs Cabinet Secretary Musalia Mudavadi said.

The ministry stated that over 430,000 Kenyans have gained employment abroad through bilateral labour agreements (BLAs) since 2023.

Kenya’s access to the international capital markets has complemented inflows from diaspora remittances to keep the hard currency buffer in an adequate position.

The country undertook a buyback of Sh129.5 billion ($1 billion) Eurobond notes due in February 2028 by issuing a new Sh194.2 billion ($1.5 billion) Eurobond which replenished the CBK reserves.

CBK struggled to meet its foreign currency requirements in 2023 as Kenya faced a dollar availability crisis (dollar crunch) which was driven mostly by speculation on a likely default arising from the maturity of Sh129.5 billion ($1 billion) Eurobond notes in June 2024.

The jitters dissipated in February last year as Kenya undertook an early buyback of the notes which not only ended the fears but also topped up the CBK dollar reserves.

Foreign exchange reserves held at CBK are national assets safeguarded to ensure availability of hard currency to meet the country’s external obligations including imports and external debt service.

The size of official reserves serves as a confidence signal to potential investors and ratings agencies.

CBK undertakes the management of reserves with the policy covering safety, liquidity and maximisation of total returns but the primary objective is usually capital preservation.

Kenya Power’s tenders won by youth and women rise to Sh3.5bn

Kenya Power awarded contracts worth Sh3.5 billion to youth, women and persons with disabilities in the year to June 2025, marking a more than fourfold increase from the Sh614 million issued a year earlier.

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The jump comes amid sustained efforts by the government to expand opportunities under the Access to Government Procurement Opportunities (Agpo) framework.

The tendering structure, introduced in 2013, requires public entities to reserve 30 percent of their procurement budgets for the three special groups.

The Agpo framework seeks to help marginalised suppliers access State supply chains, especially in sectors such as transport services, office consumables, basic materials and general maintenance works.

Due to its national electricity network, Kenya Power is one of Kenya’s largest procuring entities, sourcing transport, repairs, logistics services and operational supplies for its transmission and distribution operations.

‘The contracts typically feature supplies for general goods such as stationery and services like cleaning, which require little financing efforts from the tender winners,’ Immaculate Karambu, senior corporate communications officer at the utility told Business Daily.

During the review period, youth-owned enterprises received Sh2.2 billion under the programme, while women-owned firms secured Sh1.25 billion and businesses run by persons with disabilities (PWDs) were awarded Sh66.7 million.

Kenya Power said it is enhancing outreach efforts targeting potential bidders, including sensitisation forums and direct engagement with groups covered under the Agpo framework across various procurement categories.

‘Last year, we were intentional in meeting and sensitising the youth, women and PWDs about procurement opportunities that exist for them within the company,’ said Dr John Ngeno, General Manager Supply Chain and Logistics.

Historically, the firm’s procurement budget has been dominated by large technical items such as transformers, meters and network equipment, limiting Agpo participation to smaller service and supply contracts that require modest capital.

Most Agpo-eligible opportunities at the utility involve the supply of consumables, providing logistics and transport support, meter installation services, minor works and other routine items that small firms can deliver without making substantial investments.

This comes at a time when small enterprises are increasingly relying on State tenders to cushion against a subdued private sector, with many facing cash flow pressures in a weak operating environment.

Kenya Power issued the Agpo allocations in a year when its net profit fell to Sh24.46 billion, marking an 18.66 percent decline from the Sh30.08 billion earned in the previous financial year.

The company declared a dividend of Sh1 per share, totalling to Sh1.95 billion, an increase of Sh585.4 million from the prior year’s total payout of Sh1.36 billion.

The higher dividend follows a period of financial restructuring and cost management within the utility, although operational pressures and constrained revenue growth continue to weigh on overall profitability.

Agpo-related procurement remains a key component of State efforts to broaden economic participation, particularly for groups historically excluded from large tenders and major public contracting opportunities.

Kenya Power’s efforts to strengthen Agpo participation are expected to continue as the utility refines its engagement with eligible groups and raises awareness of the requirements for competitive bidding.

LemFi launches Instant Access Savings Accounts to help UK immigrants grow their savings and build financial freedom

LemFi, the financial platform built for immigrants, today announced the launch of its new Instant Access Savings Account in the United Kingdom, powered by ClearBank, the enabler of real-time clearing and embedded banking.

Launching first in the UK, its 2 million+ customers will earn daily interest on their savings monthly, directly within the LemFi app, marking a significant expansion in LemFi’s mission to build a complete financial ecosystem for the global immigrant community.

With LemFi Instant Access Savings, users can grow their money in the same app they use for international transfers to simplify their financial lives. Funds are held securely with ClearBank, a regulated UK financial institution, and eligible deposits are protected up to £85,000 under the Financial Services Compensation Scheme (FSCS).

At launch, LemFi’s savings product offers one of the most competitive interest rates in the UK at 3.92 percent, compared to the national average of 2.27 percent for similar accounts. The rate is currently tracked to the Bank of England’s base rate, with plans to move to a variable rate in the near future, allowing LemFi to remain highly competitive for customers seeking flexibility and returns. Immigrants play a vital role in the UK economy and global financial flows. In 2023, immigrants in the UK sent more than £9.3 billion in remittances to family and friends. Despite this, many lack access to convenient, trusted savings tools that align with their unique financial behaviours and cross-border needs.

In addition, immigrants face significant and widespread issues when accessing credit and banking services more broadly. Approximately 5 million individuals in the UK are considered ‘credit invisible’, with immigrants from emerging countries disproportionately affected.

Step toward a broader financial future

LemFi’s expansion into savings is part of its roadmap to provide a full suite of financial products tailored to immigrants’ needs. This includes LemFi Credit, designed to help immigrants who traditionally struggle to access and build credit do so while also benefiting from flexible payments.

LemFi’s platform can do this by recognising international credit histories and employing alternative credit assessment methods. As well, its alternative credit scoring technology powers Send Now Pay Later (SNPL), designed to enable its customers to send money to their loved ones when they need to, and access credit safely and securely.

Since launching in private beta in August 2025, the Instant Access Savings Account has been used by over 7,000 customers, underscoring strong demand for accessible and immigrant-centred financial products.