Today's Business Highlights

Good morning! Let’s dive into today's top stories from Business Daily.

Treasury snubs De La Rue in new currency printing deal

Kenya has turned to an undisclosed German firm for the printing of new notes months after allowing the local subsidiary of British printer De La Rue –in which it owns a 40 percent stake— to shut down for lack of new orders. — Read the full article

Also read, CBK drops De La Rue, turns to German firm for new notes on stockout fear

Breaking new ground: Kenyan bags award with PhD thesis on counter-terrorism

When Shirley Gabriella Achieng' was 25 years old, she dreamed of two things: to be married and to earn a PhD by 35. These were ambitious goals, especially for a young woman navigating life's complexities in a society with rigid expectations. — Continue reading

Kenyan banks harvest billions from DR Congo and Rwanda

Kenyan banks' market penetration in East Africa more than doubled earnings from regional subsidiaries last year, with a gross profit of Sh66.13 billion in 2023, per the Central Bank of Kenya report. — Read More

Treasury okays Sh158bn Adani, Africa50 power deals

India’s Adani Energy Solutions and Africa50 are set to construct power transmission lines and substations under a Public Private Partnership (PPP) deal valued at a combined $1.22billion (Sh158.24 billion), the National Treasury has revealed. — Read More

Funding drought slams brakes on Mobius 13-year venture

Mobius Motors Kenya delivered a car it believed could traverse the country’s variable road terrain with comfort and versatility. But, after 13 years, the automaker’s ride in Kenya has hit the end of the road as funding dried up. — Read the full article

Also read, Mobius shuts down after 13-year journey

Turning industrial policies into success on the ground

Global Trade Alert reports over 2,500 industrial policy interventions in 2023, driven by climate mitigation, supply chain resilience, and security, highlighting the rising need for industrial policy globally. — Read More

Firms reduce dollar loans as shilling strengthens

Businesses in Kenya, which last year relied on foreign-currency-denominated loans to sustain their operations, have now cut back on such loans following the appreciation of the shilling and the relative stability over the last few months. — Read More

The Real Estate Investment Trusts (REITs) have emerged as a compelling investment vehicle for retail investors in Kenya, offering a range of benefits that make them an attractive option for those looking to diversify their portfolios. — Read More

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Five More Top Stories

1. Reprieve for borrowers as CBK lowers key rate for the first time in 4 years.
2. How Kenya content creators will unlock cash from Facebook.
3. Jubilee launches dollar-denominated money market fund.
4. Parastatal chiefs under fire for dodging austerity policy.
5. How to engage youth in Africa.

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