![The Bungoma county Aggregated Industrial Park at 30 % complete. Pic 2:Industry PS Jumah Mukhwana and Bungoma governor Kenneth Lusaka during a site inspection at the Sang'alo CAIP. [Juliet Omelo/ Standard]](https://i0.wp.com/cdn.standardmedia.co.ke/images/wysiwyg/images/rtliEeMCYKBVLplPjDmTeTDcJ3s8rlL14qXm6X55.jpg?w=1000&resize=1000,500)
The Bungoma county Aggregated Industrial Park at 30 % complete. Pic 2:Industry PS Jumah Mukhwana and Bungoma governor Kenneth Lusaka during a site inspection at the Sang’alo CAIP. [Juliet Omelo/ Standard] The Bungoma County Aggregated Industrial Park (CAIP) is on track for completion by June of this year, Trade and Industrialization Principal Secretary Juma Mukhwana has said. The site was launched in August 2023. During an inspection visit to the park in Sang’alo, PS Mukhwana expressed satisfaction with the project’s progress despite early challenges. “The park is at thirty percent complete, and if the same pace is maintained, we expect it to be completed and running by end of June,” said PS Mukhwana. He noted that the contractor encountered difficulties with the site’s topography, particularly in removing large boulders, which slowed construction during the initial phase. . Keep Reading Mukhwana urges push for lab accreditation to enhance local exports Why KDF will still be back on the streets in case of
Tag Archives: EconomicGrowth
Mar
NAIROBI, Kenya, March 18 – Former Prime Minister Raila Odinga has welcomed the United Kingdom’s commitment to supporting economic investments across Kenyan counties in a bid to end aid-dependency. Odinga said that the UK’s shift from traditional aid to economic investment reaffirms a commitment to maintaining the long-standing relationship between the two countries. Odinga endorsed the UK’s approach when he met United Kingdom High Commissioner to Kenya, Neil Wigan, on Tuesday. “I was happy to learn that the UK is keen to strengthen ties with our counties through a shift from traditional aid to economic investment,” he stated. UK and Kenya agreed on a £3.4 billion package of green investment deals positioning the UK as a key investment partner during COP27 as part of an effort to support low-carbon growth.
Under its three-year plan, iMara 3.0, I&M Bank hopes to increase its nationwide presence to 100 outlets by the end of the next year The bank noted that the current expansion drive, which will increase the number of branches to 61, focuses on important economic areas nationwide The lender has been growing its retail appeal by permanently removing fees on transactions from the bank to mobile money wallets like M-Pesa and Airtel Money TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers profound insights into Kenyan and global economic trends. I&M Bank Kenya intends to open nine additional branches this quarter as part of its efforts to expand its retail banking operations. I&M Bank CEO Gul Khan during the opening of
Feb
Ghana’s economic growth remains heavily dependent on the mining and oil sectors, raising concerns about the country’s slow structural transformation and limited job creation, experts have said. Speaking at the launch of the Productivity, Employment and Growth Report in Accra on February 24, 2025, Government Statistician Prof. Samuel Kobina Annim stressed the need for Ghana to rethink how labour and capital are combined across all sectors. He noted that while productivity has improved over the past three decades, much of the growth has been driven by extractive industries, which contribute significantly to GDP but create few jobs. “The data shows that while productivity has increased, much of this progress is confined to the mining sector, which does not generate enough employment opportunities,” he said. “If Ghana wants to double its
Guy Hedgecoe Business reporter Reporting from Segovia, central Spain Getty Images Spain attracts the second highest number of overseas visitors after France It’s a chilly mid-winter afternoon in Segovia, in central Spain, and tourists are gathered at the foot of the city’s Roman aqueduct, gazing up at its famous arches and taking selfies. Many of the visitors are Spanish, but there are also people from other European countries, Asians and Latin Americans, all drawn by Segovia’s historic charm, gastronomy and dramatic location just beyond the mountains north of Madrid. “There was a moment during Covid when I thought ‘maybe tourism will never, ever be like it was before’,” says Elena Mirón, a local guide dressed in a fuchsia-coloured beret who is about to lead a group across the city. “But
Jan
The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution upgraded its prediction for UK growth to 1.6% for this year from its previous estimate of 1.5%. But it said a threatened wave of tariffs by incoming US president Trump could make trade tensions worse, lower investment, and disrupt supply chains across the world. The IMF also said although tariffs, tax cuts and deregulation could boost the US economy in the short term, they could ultimately backfire.The International Monetary Fund (IMF) has upgraded its growth forecast for the UK economy this year, but has also warned about the possible impact of Donald Trump’s economic plans. The global institution
Reuters
Jul
Rachel Reeves, the newly appointed Chancellor, is set to reintroduce mandatory housebuilding targets in her inaugural speech at the Treasury. Addressing business leaders, Reeves will outline reforms to revamp Britain’s planning system, aiming to stimulate economic growth. Reeves is also expected to highlight Britain’s renewed stability, making it an attractive destination for international investment, thereby […]