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The XYZ Show Changed Kenya. It Was Never Built to Make Money.
By Ronny Choge Do you remember the XYZ Show? The one that premiered on Kenyan TV screens and served us political satire in concentrated humor, week after week? For those who lived through it, the latex puppets and their razor-sharp send-ups of the political class weren't just entertainment — they were a cultural fixture, arriving well ahead of their time. So when the show quietly went out of production, it […]
Rai opens a new sugar plant
PHOTO: COURTESY At least half of the sugar produced in Kenya is now controlled by one man after the billionaire Rai family opened their fourth milling plant in Bungoma. Naitiri Sugar Company which started milling in May is the new addition to the family’s sugar conglomerate that now spans the country. The new plant extends Rai’s position as the leading sugar manufacturer from a combined capacity of his existing three mills of West Kenya, Olepito, and Sukari adding at […]
Expensive fuel looms as IMF drops support for subsidy
PHOTO: COURTESY IMF has set a fresh loan condition requiring Kenya to drop fuel subsidy by October, exposing motorists to a sharp rise in pump prices. Kenya has since April last year spent an average of Sh7.65 billion monthly to subsidise diesel, super and kerosene, highlighting the adverse impact of the fuel stabilisation programme on the country’s revenues. The multilateral lender has inserted the removal of the subsidy under the 38-month budget support scheme, in the list of […]
Where Kenya’s super-rich are migrating to for investments
Wealthy Kenyans are seeking second homes in St Kitts and Nevis, a two-island county in North America. Its education system is better, it is affordable to get citizenship because the investment requirement is fairer than in other countries and it is crypto-friendly hence attractive to technology investors and entrepreneurs. Henley & Partners, a leading international citizenship and residence advisory firm, says in 2022 Kenyans are showing interest in investment migration programmes as opposed to migration destinations, meaning […]
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