Business continuity plan mistakes and how to avoid them deserve attention before an emergency exposes weak spots. A strong plan doesn’t need to predict every possible crisis. Business owners can use the mistakes below as a practical review guide. Dive into the list now to ensure you can avoid common mistakes that could cost you.
Category: Economy&Finance
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Equity Bank Business Current Account: Features, charges and how to open it
Every business needs a bank account to manage its finances efficiently, process payments, receive funds and maintain accurate financial records.A dedicated business account helps organisations separate corporate transactions from personal finances, improve financial transparency, and provide a reliable foundation for managing cash flow.For institutions that handle large transaction volumes and frequent supplier payments, a current account offers the flexibility and banking services needed for smooth operations.
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Sh25bn Soin-Koru Dam stalls due to lack of funding, Treasury report reveals
The Sh25 billion Soin-Koru Multipurpose Dam Water Project, which was expected to supply water to millions of residents of Kisumu and Kericho counties as well as rice farmers in the Ahero Irrigation Scheme, has stalled.A National Treasury report has disclosed that implementation of the project has stalled due to lack of government funding, compounding concerns raised in an earlier Auditor-General’s report, which indicated that the Chinese contractor had abandoned the site.
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Debt, salaries gobble up Sh13trn in approved spending over three years: COB report
The Controller of Budget (CoB) approved the use of Sh14.6 trillion by the national and county governments over the past three years, with a new report shedding light on how taxpayer funds were spent.CoB Margaret Nyakang’o approved the withdrawal of the funds from the Consolidated Fund, which is the government’s official account, and the 47 County Revenue Funds (CRFs) through over 33,000 requests between July 2023 and June 2026.
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Improve pensions of retired civil servants
Retirement should be a period when people who contributed immensely during their prime working time can sit back and relax. They may not earn as much as they used to, but pensions should enable them to live fairly comfortably as a reward for their hard work.However, this is the opposite of what some 80,000 retired civil servants are experiencing today, as they struggle to survive on a Sh4,000 monthly pension.
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How Devki Group’s investments are transforming Kenya’s economy and reshaping East Africa’s industrial landscape
From cement and steel manufacturing to roofing materials and clinker production, Narendra Raval's Devki Group is emerging as a major force in East Africa's industrialisation drive, creating jobs, strengthening local supply chains and expanding regional manufacturing capacity.Devki Group’s growing investments in Kenya and across East Africa are playing an increasingly significant role in transforming the region’s manufacturing landscape, supporting infrastructure development and strengthening the production of essential construction materials.
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“My Worst Business”: Gulf Hospital CEO Grace Wangare on Losing Up to KSh 30M in Matatu Industry
The founder and CEO of Gulf Hospital Grace Wangare Muthuma has recounted how her venture into the tumultuous matatu industry left her with losses running into tens of millions of shillings.Speaking with host Mwetha Njoroge on Daring Achievers Network, Ms Grace reflected candidly on the costliest business error of her career—investing heavily in Kenya’s public transport sector.
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Somalia Gains Duty-Free Access to EU Market Under Trade Scheme
Brussels (HOL) — Somali producers are eligible to sell qualifying goods in European Union markets without paying import duties or facing export-volume quotas, under a preferential trade arrangement that could help local businesses expand their overseas sales.The arrangement gives Somali exporters a potential cost advantage when competing in European markets, but businesses must still meet EU product standards and import requirements before their goods can enter the bloc.
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Month: November 2026
East AfricaAfrican Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the African Petroleum Producers’ Organisation (APPO) have formally announced the establishment of the Africa EnergyEast AfricaAfrican Export-Import Bank (Afreximbank) (www.Afreximbank.com) has released its Côte d’Ivoire Country Brief, providing an in-depth examination of the West African nation’s
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Absa Group expands into Dubai to connect Gulf capital with Africa
Dear Editor/Reporter,Please see below and attached for your kind consideration.FOR IMMEDIATE RELEASEAbsa Group expands into Dubai to connect Gulf capital with AfricaNairobi, Kenya: 30 October 2026 — Absa Group has expanded its international presence with the opening of its Dubai office, strengthening two-way trade and investment connections between the Middle East and Africa.