Dragon fruit, also known as pitaya and often nicknamed “Pink Gold,” is quickly becoming one of Kenya’s most profitable fruit crops. Demand continues to rise among supermarkets, hotels, restaurants, and health-conscious consumers, while local production remains relatively low.However, unlike many fruit crops, dragon fruit farming requires a significant upfront investment.
Category: Economy&Finance
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Kenya Sets Rules for Tokenising Real-World Assets in Updated Crypto Guidelines
Kenya has established its first legal framework allowing land, buildings, and other real-world assets to be converted into blockchain-based digital tokens and sold in fractions, creating a solid regulated pathway for a market that has until now operated as a regulatory experiment.•The provisions, contained in the Virtual Asset Service Providers Regulations, 2026, allow businesses to issue digital tokens representing ownership or economic rights in tangible and intangible assets, subject to licensing and approval by the Capital Markets Authority (CMA).
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Capital A, EFG Hermes Extend Brokerage Grip in Bonds and Equities
Capital A became the first intermediary to cross KSh 1 trillion in annual bond turnover as EFG Hermes retained the equities lead in 2025, according to the latest data by the Capital Markets Authority (CMA).•Bond turnover rose 75.5% to KSh 5.42 Tn from KSh 3.09 Tn in 2024, while double-sided equities turnover increased 37.5% to KSh 290.94 Bn from KSh 211.94 Bn.
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Embedded insurance Gains Traction as Insurers Target Kenya’s Gig Economy
Kenya's insurance industry is increasingly embracing embedded insurance as firms seek to expand health cover beyond traditional employer schemes by integrating protection into digital platforms that millions of consumers already use.•The shift is gathering pace as insurers target informal workers, gig economy players and low-income households, groups that are underserved despite facing some of the highest financial risks from illness and accidents.
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Kenya Remittances Post Steepest H1 Decline Since 2009
Kenya’s diaspora remittances fell 3.03% to KSh 315.74Billion (US$ 2.442Bn) in the first half of 2026, the steepest H1 contraction since the global financial crisis, as an 11.61% drop in North American inflows erased gains from Europe and other markets.•The country received KSh 9.87Bn (US$ 76.36Mn) less than the KSh 325.62Bn (US$ 2.518Bn) recorded in the corresponding period of 2025.
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Kenya’s Forex Traders Lost KSh 7.12Billion in 2025, 85% of All Outcomes
Kenyan online forex traders suffered US$ 54.80Million (KSh 7.12Billion) in gross trading losses in 2025 despite a sharp decline in market participation, as the number of active accounts fell 46.2% to 152,110, according to the latest data by the Capital Markets Authority (CMA).
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In Search of Unstoppable Africans, GABI Invites Nominations from Across the Continent
New York – The search is on for “Unstoppable Africans”. The Global Africa Business Initiative (GABI) has opened nominations for a new community-led campaign to recognize and celebrate entrepreneurs, business leaders and changemakers whose ideas, leadership and actions are driving Africa's economic transformation.
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Wilfred Murungi: The Billionaire Behind Mastermind Tobacco
The story of Kenya’s corporate landscape is incomplete without the mention of Wilfred Murungi, a man who built a multibillion-shilling empire while remaining an absolute enigma to the public.As the founder of Mastermind Tobacco Kenya (MTK), Murungi did what many thought impossible: he went head-to-head with the multinational giant British American Tobacco (BAT) and carved out a massive market share.
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43 counties paid Sh5.19 billion in salaries outside digital payroll; Controller of Budget
Wajir, Siaya and Nairobi were among the counties that processed the highest amounts of salaries through manual payroll despite a directive requiring all county governments to migrate to the Human Resource Information System, with a new report showing at least Sh5.19 billion was paid outside the digital platform.
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Absa Bank Kenya CEO Abdi Mohamed resigns
Absa Bank Kenya Managing Director and Chief Executive Officer Abdi Mohamed has resigned after serving the lender for 32 years.In a statement, the bank said Mohamed will leave his position with immediate effect to pursue other career opportunities.The bank has appointed Chief Financial Officer Yusuf Omari as acting Managing Director and Chief Executive Officer pending the appointment of a substantive successor.