Summary of The Business Daily Newspaper -July 28,2025
Page 1: Reports that Kenya’s Central Bank is proposing new regulations to prioritize commercial banks in Treasury bond trading through an OTC market, aiming to reduce government borrowing costs. Meanwhile, global institutions have slightly downgraded Kenya’s growth outlook due to protests, and lawmakers are pushing to cap CEO tenures in state-owned entities at three years.
Page 2 : Notes that Kenya’s environmental authority (NEMA) rejected a $52 million solar plant proposal by Turkish investor Harun Aydin over regulatory non-compliance and past deportation issues, raising transparency concerns in the solar sector.
Page 4 : Highlights that Kenya’s economic growth forecast for 2024 has been marginally downgraded to 4.9% due to protests, while Spire Bank faces legal disputes over unauthorized loan interest rate hikes, reflecting broader financial sector challenges.
Page 5 : States that Kenyan lawmakers are proposing to standardize CEO tenures in state-owned entities to a maximum of three years, renewable once, to bring uniformity across government agencies.
Page 6 : Observes that Kenya’s new vehicle sales grew by 25.05% in the first half of 2024, with Isuzu dominating the market, as stabilizing economic conditions boosted consumer confidence.
Page 7: Describes SeamlessHR’s expansion in Eastern Africa with its HR management platform, tailored to address regional labor challenges and positioned as a strategic partner for organizations.
Page 8 : Explains that Kenya’s proposed Capital Markets Amendment Bill seeks to remove shareholding limits for stockbrokers to attract investors, while a school fee dispute highlights tensions over judicial compliance.
Page 10 : Argues for regenerative agriculture focused on soil health over chemical inputs, urging governments to shift policies toward sustainable practices like mulching and crop rotation.
Page 13 : Announces Kenya’s hosting of the African Nations Championships (CHAN), expected to boost the economy through tourism and local business, despite security concerns.
Page 14 : Reveals that Kenya’s Central Bank is procuring a digital retail bond system to simplify government securities trading via mobile, aiming to expand investor participation.
Page 19 : Shares Sidney-Joseph Anderson’s fitness transformation story, proving that discipline and mindset can revitalize health at any age.
Page 24 : Details how the Middle East conflict has disrupted global supply chains, increasing shipping costs and delays, with East Africa facing congestion and rising import prices.