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Kenya Unveils KSh 4.2 Trillion Budget to Drive 2025/26 Economic Growth

  The Kenyan government has officially unveiled a historic KSh 4.2 trillion ($32.5 billion USD) budget for the 2025/2026 financial year, signaling an aggressive push toward economic recovery, job creation, and long-term development. The budget, presented by Treasury Cabinet Secretary Prof. Njuguna Ndung’u, is the largest in Kenya ’s history and reflects the government’s commitment to addressing national priorities while maintaining fiscal responsibility. Focus on Development and Infrastructure A significant portion of the budget has been allocated to infrastructure projects aimed at boosting economic productivity. Roads, railways, energy, and water systems are among the key sectors receiving substantial funding. The government emphasized that investments in infrastructure will not only improve connectivity and logistics but also enhance the competitiveness of Kenyan businesses. Flagship projects under the government’s Bottom-Up Economic Transformation Agenda (BETA) are centra...

Kenya Prepares for First Crude Oil Exports by 2026, Turkana Takes Center Stage

  Kenya is edging closer to a historic milestone as it prepares to begin commercial crude oil exports by 2026, with the Turkana oil fields poised to become the heart of this transformative development. After years of exploration, pilot production, and logistical planning, the country is now aligning infrastructure, policy, and investment to capitalize on its emerging petroleum sector. A Decade in the Making Discovered in 2012 by British exploration company Tullow Oil, the Turkana oil fields in northwestern Kenya have been hailed as a major breakthrough in East Africa ’s energy landscape. Estimated to hold up to 560 million barrels of recoverable oil, the Lokichar Basin has undergone extensive appraisal and small-scale testing since the initial discovery. The Early Oil Pilot Scheme (EOPS), launched in 2018, saw Kenya transport over 200,000 barrels of crude to the port of Mombasa by road for testing international market interest. Though not commercially viable at scale,...

Kenyan economy is the government's newly unveiled KSh 4.2 trillion budget

  A significant topic about the Kenyan economy is the government's newly unveiled KSh 4.2 trillion (approximately $32.5 billion USD) budget for the 2025/2026 financial year. Here's why this is a positive development: Focus on Economic Growth: The budget, presented by the Cabinet Secretary for National Treasury and Economic Planning, John Mbadi, is explicitly aimed at "reigniting economic activity" and fostering "sustainable economic growth to improve livelihoods and promote business and industrial prosperity." This signals a clear government commitment to economic expansion. Reduced Tax Burden and Broadened Base: The budget proposals were developed with public consultations in mind, specifically addressing concerns about new tax measures. As such, it focuses on easing the tax burden on Kenyans by broadening the tax base and improving tax compliance. This approach aims to stimulate consumption ...

Kenya Eyes 2026 for Historic Crude Oil Exports, Turkana Fields at the Forefront

  After years of anticipation and a journey marked by both discovery and delay, Kenya is setting an ambitious new target to commence commercial crude oil exports by the end of 2026. This definitive timeline, confirmed by Cabinet Secretary for Energy and Petroleum Opiyo Wandayi, signals a renewed push for the East African nation to unlock the vast potential of its Turkana oil fields and establish itself as a significant regional energy player. The heart of Kenya's oil aspirations lies in the South Lokichar Basin in Turkana County, which boasts an estimated 560 million barrels of recoverable oil. The total oil in place is believed to exceed 4 billion barrels, painting a promising picture for future production. A pivotal development in this renewed drive is the imminent acquisition of British oil major Tullow Oil's Kenyan assets by Gulf Energy Ltd. Tullow Oil, credited with the initial major oil discovery at the Ngamia-1 well in 2012, has been a key operator in the basin. Gulf Ene...

How Kenya’s Tech Industry Is Reshaping the Economy

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Kenya’s tech industry has emerged as a key driver of economic transformation, earning the country the title  “Silicon Savannah.”  With innovations in fintech, e-commerce, artificial intelligence, and digital infrastructure, the technology sector is reshaping Kenya’s economy by creating jobs, attracting investments, and enhancing financial inclusion. 1. The Rise of Fintech and Financial Inclusion Kenya revolutionized global mobile banking with  M-Pesa , a mobile money platform that transformed financial transactions. This innovation has improved access to banking services, allowing millions of unbanked individuals to participate in the economy. The fintech boom has also led to the rise of digital lending platforms, payment solutions, and blockchain applications, further strengthening Kenya’s financial ecosystem. 2. Growth of E-Commerce and Digital Trade The expansion of internet penetration and smartphone usage has fueled the rise of e-commerce platforms like  Jumia, ...

THE IMPACT OF SMES ON KENYA’S ECONOMIC GROWTH

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Small and Medium Enterprises (SMEs) are the backbone of Kenya’s economy, contributing significantly to employment, innovation, and GDP growth. With over   7.4 million SMEs   operating in the country, they account for approximately   40% of GDP   and employ over   80% of the workforce   in various sectors, including agriculture, manufacturing, retail, and services. 1. Job Creation and Employment SMEs are the largest employers in Kenya, providing jobs for millions, especially in urban and rural areas. They absorb a significant portion of the youth population, reducing unemployment and driving economic stability. The informal sector, largely made up of SMEs, plays a crucial role in sustaining livelihoods. 2. Driving Innovation and Entrepreneurship Kenyan SMEs are at the forefront of innovation, leveraging technology and creativity to develop solutions in fintech, agribusiness, and e-commerce. Startups such as  Twiga Foods and Sendy  have transformed ...

The Rise of Manufacturing in Kenya: Can It Compete Globally?

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  Kenya’s manufacturing sector has been growing steadily, driven by government initiatives, industrialization policies, and increased foreign investment. As the country seeks to reduce dependency on imports and boost local production, the question remains: Can Kenya’s manufacturing industry compete on a global scale? 1. Government Initiatives and Policy Support The Kenyan government has prioritized manufacturing under the  Big Four Agenda , aiming to increase its contribution to GDP from 7.5% to 15%. Initiatives such as  Special Economic Zones (SEZs), tax incentives, and infrastructure investments  are fostering industrial growth. Policies promoting local content and value addition in key industries like textiles, food processing, and automotive assembly are enhancing global competitiveness. 2. Growth of Key Manufacturing Sectors Textile and Apparel:  Kenya has become a major exporter of garments under the  African Growth and Opportunity Act (AGOA) , supply...

KENYA’S GREEN AMBITIONS: A TRANSITION TO RENEWABLE ENERGY

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  Kenya, a country renowned for its diverse landscapes and vibrant culture, has embarked on a significant journey towards a greener future. At the heart of this transformation lies a strategic shift towards renewable energy sources. This transition is not merely an environmental imperative but a cornerstone of Kenya’s sustainable development agenda. The country’s abundant natural resources, including geothermal heat, solar radiation, and wind power, offer immense potential for renewable energy generation. Geothermal energy, in particular, has emerged as a key player in Kenya’s energy mix. The Olkaria geothermal fields, located in the Great Rift Valley, have been harnessed to produce substantial amounts of clean electricity, contributing significantly to the country’s energy needs. Solar power, another promising renewable source, has gained traction in recent years. The Kenyan government has implemented various initiatives to promote the adoption of solar energy, including incentive...

Kenya’s Foreign Direct Investment (FDI) Landscape

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  Kenya has been a significant recipient of foreign direct investment (FDI) in recent years, which has played a crucial role in driving its economic growth and development. Investors are attracted to Kenya’s strategic location, growing market, and favorable business environment. Key Sectors Attracting FDI: Agriculture:  Kenya’s agricultural sector has been a major draw for foreign investors, particularly in areas such as horticulture, tea, and coffee. Manufacturing:  The manufacturing sector, especially food processing, textiles, and pharmaceuticals, has seen a surge in FDI. Tourism:  Kenya’s world-renowned tourism industry continues to attract significant foreign investment, particularly in hospitality and infrastructure development. Energy:  The country’s renewable energy sector, including geothermal and solar power, has been a focus of FDI. Information and Communication Technology (ICT):  Kenya’s growing ICT sector has attracted foreign investors interes...

Kenya’s Tourism Industry: A Resilient Recovery

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Kenya, renowned for its diverse landscapes, wildlife, and vibrant culture, has long been a popular tourist destination. Despite facing challenges in recent years, the country’s tourism industry has shown remarkable resilience and is experiencing a steady recovery. Key Factors Driving Recovery: Increased Safety and Security:  The Kenyan government has made significant strides in enhancing security measures, making the country a safer destination for travelers. This has boosted confidence among international visitors. Infrastructure Improvements:  Investments in transportation infrastructure, including the expansion of airports and road networks, have made it easier for tourists to access different regions of Kenya. Diverse Tourism Offerings:  Beyond the iconic Maasai Mara National Reserve, Kenya offers a wide range of tourism experiences, including beach holidays, cultural tours, and adventure activities. This diversity attracts visitors with varying interests. Government ...

Kenya’s Infrastructure Surge: A Catalyst for Growth

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  Kenya has embarked on an ambitious infrastructure development program that aims to transform the country into a regional economic powerhouse. This ambitious initiative has seen significant investments in various sectors, including transportation, energy, and telecommunications. Key Infrastructure Projects: Transportation:  Standard Gauge Railway (SGR): The SGR, a modern railway line connecting Mombasa to Nairobi and eventually to the border with Uganda, has revolutionized transportation in Kenya. It has reduced travel times, improved efficiency, and boosted trade. Roads:  The government has focused on upgrading and expanding the road network, improving connectivity between cities and rural areas. This has facilitated the movement of goods and people, stimulating economic activity. Airports:  Kenya has invested in modernizing and expanding its airports, particularly the Jomo Kenyatta International Airport in Nairobi. This has enhanced the country’s attractiveness as...

SHAZMEER JIWAN: IDEOLOGY THAT INSPIRES THE MARINE INDUSTRY

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Shazmeer Jiwan, the Man behind the Giant in the marine industry, namely African Marine and General Engineering Company Limited (AMGECO) has applied his incredible insights from his trailblazing experience in the business so as to derive a multi-dimensional strategy which in turn cultivates a healthy work culture that enables the teammates to function at their best and thrive in the work environment. Prime location, skilled engineering resources, and a seasoned degree of professionalism when put together, the esteemed organization gained massive national as well as international recognition for its in-depth knowledge and understanding of the market needs. The company has gained the trust of myriads of multinational industries, international ship owners, and numerous other non-marine navies and its credibility built over the years testify the quality of its resources and their dedication to work. Customers from the length and breadth of Europe, the Cape, India, and the Far East count AMG...

Shazmeer Jiwan, Founder of AMGECO Announces Unparalleled Maritime Services for International Customers

  Mombasa, Kenya — African Marine and General Engineering Company Limited (AMGECO), a leading solution and service provider in the field of ship building, ship repair, and specialized marine engineering services, is proud to announce its comprehensive range of world-class services to their customers across the globe. With extensive experience in the maritime industry, AMGECO offers a full range of services to meet the needs of commercial and marine customers, from dry docking and construction docking to bunkering, ship chandling, and more. Whether customers need routine maintenance or major repairs, AMGECO’s team of experts is dedicated to providing high-quality services that meet the needs of the customers worldwide. “We are thrilled to offer a complete range of services to our customers in the commercial and marine sectors,” said a spokesperson for AMGECO. “Our EPZ facilities, lay-by wharves, slipways, and berthing and mooring services are second to none, while our life rafts, af...

Shazmeer Jiwan Big Financier in Kenya

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  Born and brought up in Mombasa, Kenya, Shazmeer has seen Mombasa and wanted to contribute to its growth.  Today Shazmeer’s 2 top businesses of real estate and marine engineering are playing a key role in boosting the economy of Kenya. To know more, visit the  website .

Shazmeer Jiwan: The Successful Entrepreneur

  Tourists play a big play in boosting the economy of a country. Shazmeer Jiwan has made Kenya a major tourist attraction with his luxurious Sheheena Marina Apartments. To know more, visit the  website .  https://vimeo.com/688768295 

Shazmeer Jiwan Revolutionary and Dynamic Thinker Businessman

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  Shazmeer Jiwan is a famous personality and successful businessman in Kenya. He has built an empire for himself with his expertise. He offers real estate and Marine engineering services.

Welcome to Luxurious Sheheena Marina Apartments

Suppose you want to enjoy a holiday in Mombasa, Kenya, book Shazmeer Jiwan’s amazing luxurious Sheheena Marina Apartments . It is an amazing place for individuals all around the globe who are looking for the perfect balance of peace and luxury. To know more, visit the website .

Meet Shazmeer Jiwan, Whose Success Touches The Skyline & Sea Of Kenya

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  Shazmeer was born in Mombasa and completed his studies there. Who knew he would make it so big one today. Today, Shazmeer Jiwan is the topmost richest businessman in Mombasa, Kenya. Success was not easy for him. He worked hard and made his way to success. That is why he is the wealthiest and most successful businessman in Kenya. Shazmeer Jiwan has over 20 years of business experience in shipping, logistics, and luxury residential developments. The Kenyan economy has been blasting because it’s an important area for worldwide exchanging and docking, and Shazmeer made the best use of it with his  African Marine  company.  With its competitive rates and designing power, the African Marine and General Engineering Company (AMGECO) has procured public and global acknowledgment. The organization also has contributed a lot to upgrading Mombasa’s port as a ship’s maintenance community. Shazmeer Jiwan used his expertise to figure out how to run practical activities with quali...

Mr Shazmeer Jiwan Hardworking and Dynamic Thinker Businessman

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  Shazmeer Jiwan is a business giant who has been working in different fields of work for over 20 years. From working with the shipping and logistics industry to building luxurious apartments,  Shazmeer Jiwan is doing it all. His business vision has helped him gain a name across several international markets.

Shazmeer Jiwan Made it Big in Mombasa

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  Shazmeer Jiwan is ruling Mombasa with its two very successful real estate businesses, shipping and logistics. With his over 20 years of business experience, he brings to bear every day to provide the best solutions for all of our valued customers.  He made it big in Mombasa by building rapports within the teams and with customers worldwide.

Shazmeer Jiwan’s African Marine is Boosting Kenya's Economy!

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  The strategic location of African Marine in Port Mombasa is an ideal point for vessels traveling between Europe, the Cape, and India for global trading.  AMGECO’s  (African Marine and General Engineering Company) competitive rates and its skilled engineering force have catered to the rapidly evolving Kenya's economy. 

Shazmeer Jiwan – A Trailblazer Entrepreneur 

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Shazmeer Jiwan is a massive trailblazer in the field of logistics. He also is the owner of African Marine Ltd in Kenya. It is a company that conducts marine engineering, ship repairs, and building. His massive rapport of work shows his ability to prepare for the future. Services at African Marine Limited Shipbuilding and its maintenance:  They have a construction doc for building and repairing ships. The area is fully-equipped for all their needs. EPZ (Export Processing Zone) Services:  They are licensed as the export processing zone that offers services like warehousing and storage. Dry Dock:  The Dry dock has space to accommodate vessels that carry up to 20000 tonnes of weight. It has been a certified location on the East African coast since 1977. Heavy Engineering:  The company takes on several non-marine-related works in East and Central Africa, like cement factories, oil drilling, petroleum, and many others. Bunkering Services:  Their bunker barges supply...