Hello, Jason right here. Welcome to in the present day’s version of The Business Roundup, the place we carry you the most recent worldwide and native financial updates from the enterprise world. This version covers information on the Teachers Service Commission (TSC) releasing an up to date wage and allowance construction for Kenyan academics.
The salaries are underneath the newly signed 2025–2029 Collective Bargaining Agreement (CBA).
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Table of Contents
New TSC salaries
The academics’ settlement, valued at Ksh33.75 billion over 4 years, was signed in collaboration with officers from the Kenya National Union of Teachers (KNUT), the Kenya Union of Special Needs Education Teachers (KUSNET), and the Kenya Union of Post-Primary Education Teachers (KUPPET).
According to TSC, the primary part of the brand new CBA will take impact on July 1, 2025, with an estimated price of Ksh8.4 billion in salaries and allowances.
Out of the full quantity, over Ksh1.2 billion might be allotted to the employer’s contributions to the Teachers’ Pension Scheme and different statutory deductions.
In response to long-standing issues raised by academics and their unions, and following intensive negotiations, TSC has awarded a wage increment of as much as 29.5% throughout varied job teams.
“The wage evaluate is designed to bridge the wage hole between the highest- and lowest-paid academics within the public training sector, a transfer welcomed by the unions as a big step towards equity and fairness,” famous TSC.
Primary Teacher II (Grade B5) will now earn between Ksh28,600 and Ksh37,100, whereas senior roles like Chief Principals (Grade D5) will take residence between Ksh135,300 and Ksh167,400.
Mid-level academics similar to Senior Teacher I & Secondary Teacher I (Grade C3) will earn Ksh49,800 to Ksh66,200, up by as a lot as Ksh7,149.
Teachers in Grade C1 (Primary Teacher I & Secondary Teacher III) will earn between Ksh35,300 and Ksh47,300, marking will increase of as much as Ksh10,027.
Meanwhile, Deputy Principals II & Senior Master I (Grade D2) will see their pay vary from Ksh95,300 to Ksh116,000, with raises of as much as Ksh3,379.
See the full record for the brand new TSC salaries and allowances for Kenyan academics by job teams.
Tullow Oil to promote all Kenyan belongings
Switching gears, British oil and gasoline firm Tullow Oil Plc is shifting nearer to exiting its Kenyan operations following the signing of a gross sales and buy settlement (SPA) with Gulf Energy Limited.
In a press launch on Monday, July 21, Tullow Oil introduced that its wholly owned subsidiary, Tullow Overseas Holdings BV, has signed an SPA with Auron Energy E&P Limited, an affiliate of Gulf Energy Ltd.
Gulf Energy Ltd will act as guarantor for the purchaser for the sale and buy of 100% of the shares in Tullow Kenya BV, which holds Tullow’s complete working pursuits in Kenya, for a minimal money consideration of $120 million (Ksh15.5 billion), topic to customary changes.
The consideration might be cut up right into a $40 million cost due on completion, $40 million payable on the earlier of Field Development Plan (FDP) approval or 30 June 2026, and $40 million payable over 5 years from the third quarter of 2028 onwards.
In addition, Tullow might be entitled to royalty funds topic to sure situations.
The firm additionally retains a back-in proper for a 30% participation in potential future growth phases at no historic price.
This proper might be exercised if a third-party investor participates in future growth phases, whether or not by a sale or farm-down of the purchaser’s curiosity within the belongings.
What Richard Miller, Tullow Chief Financial Officer and Interim Chief Executive Officer, stated:
“We are happy to announce the signing of the Kenyan SPA, marking one other step nearer to completion of the Transaction with Gulf Energy. For a complete consideration of not less than $120 million, the Transaction helps our strategic precedence to strengthen the steadiness sheet, with the primary two funds totalling $80 million anticipated earlier than the tip of the yr. Furthermore, we’re happy to retain a doubtlessly materials zero price worth choice to take part in future growth phases.”
Hemingways acquires Maasai Mara’s River Camp
Shifting to the hospitality sector, luxurious motels firm Hemingways Group introduced the acquisition of Richard’s River Camp, a well known high-end safari camp situated within the Mara North Conservancy, Maasai Mara.
The transfer comes shortly after Hemingway’s growth into Rwanda with the acquisition of Heaven Holdings in Kigali, which incorporates The Retreat, Heaven Restaurant, and Fusion.
The acquisitions are a part of the Group’s regional growth technique.
Founded in Kenya in 1988, Hemingways has grown into a number one luxurious model by its Hemingways Collection, which incorporates boutique motels and safari properties in Kenya and, most lately, Rwanda.
The group is thought for its personalised service, conservation, and community-based tourism.
In an announcement, Hemingway’s CEO Ross Evans stated the corporate is honoured to take over the operations of Richard’s River Camp from its founders, Richard Roberts and Liz Fusco.
Also massive this Week
- Destination Lifestyle Mall strategically situated alongside Thika Superhighway in Juja Town, set for public sale on Tuesday, August 5, 2025.
- The building of the Talanta Sports City is ready to speed up following the official bell-ringing ceremony on the Nairobi Securities Exchange (NSE), to rejoice the itemizing of the Linzi 003 Infrastructure Asset-Backed Security which raised Ksh44.791 billion which can instantly fund the event of the 60,000-seater stadium.
- Nairobi Governor Johnson Sakaja introduced that the Nairobi City County Government might be hiring 2,452 staff underneath everlasting and pensionable positions throughout the County.
- The Insurance Regulatory Authority (IRA) deregistered 20 insurance coverage brokers efficient June 30, 2025.
- Former Standard Group CEO Marion Gathoga Mwangi has been introduced because the Managing Director of Inchcape Kenya, almost a month after leaving the Mombasa Road-based media home.
- Safaricom has launched direct PayPal withdrawals by its M-PESA software.
- The National Treasury will quickly require all Public Interest Entities (PIEs)/corporations working in Kenya to disclose monetary info and record not less than 20% of their fairness on NSE.
- A current audit by Kenya’s Auditor General, Nancy Gathungu, has revealed that Ksh44.8 billion collected by the eCitizen digital funds platform in the course of the 2023/2024 monetary yr is unaccounted for.
Other massive tales
- DStv, owned by Africa’s main leisure platform, MultiChoice, spoke on introducing a devoted sports-only bundle as the price of premium content material rises and main occasions just like the soccer season and World Athletics Championships draw close to.
- 10,000 Kenyans are set to learn from a world-class entrepreneurship program following a brand new partnership between Equity Bank Kenya, Equity Group Foundation (EGF), the International Finance Corporation (IFC), and Goldman Sachs.
- Roads and Transport Cabinet Secretary Davis Chirchir has defined why Kenya’s new-generation good driving licenses don’t show the date when the holder first obtained the license.
- Why capitation for secondary and first faculties has been diminished.
- Ministry of Health Cabinet Secretary Aden Duale suspended the Chief Executive Officer of the Nursing Council of Kenya (NCK), Dr. Lister Onsongo.
- The authorities launched a nationwide subsidy initiative that can see registered Kenyan farmers obtain insurance coverage protection price Ksh7,000.
- The Kenya Revenue Authority (KRA) introduced a main recruitment drive concentrating on 15 senior management positions, together with three Commissioners and 12 Deputy Commissioners.
- Australian firm RareX Limited has secured over Ksh168 million (A$2 million) from international traders. Some of the funds are earmarked for advancing a uncommon earth and niobium mission at Mrima Hill in Kenya.
Currency Trends
According to the most recent Central Bank of Kenya (CBK) knowledge, the Kenyan Shilling exchanged at Ksh129.2592 per US greenback on July 34, 2025.
Against different main currencies, the Shilling traded at:
- Sterling Pound – Ksh175.5534
- Euro – Ksh152.2479
- South African Rand – 7.3779
- Japanese Yen (100 models) – Ksh88.5155
Against regional currencies, the Shilling exchanged at:
- Ugandan Shilling – Ksh27.7737
- Tanzanian Shilling – Ksh20.1533
- Rwandan Franc – Ksh11.1608
