Latest business stories from across Kenya.
A new ruling has handed Kenyan businesses a significant win in their long-running battles with the taxman, after the Tax Appeals Tribunal stopped the Kenya Revenue Authority (KRA) from imposing additional costs while tax disputes are still…
President William Ruto has nominated former Kenya Revenue Authority Commissioner General Humphrey Wattanga as Kenya’s High Commissioner to South Africa, in a fresh round of diplomatic changes targeting key foreign missions. The nomination,…
Dr Lilian Nyawanda, the current Commissioner of Customs and Border Patrol at Kenya Revenue Authority (KRA) has assumed the duties of Commissioner General in an acting capacity. This follows termination of Humphrey Wattanga’s contract…
Borrowers across Kenya can breathe a sigh of relief as the Central Bank of Kenya (CBK) chose to hold its benchmark lending rate steady despite a turbulent global economy. Following its meeting on April 8, 2026, the Monetary Policy…
Former Deputy President Rigathi Gachagua has publicly released the will of his late brother, Nderitu Gachagua, to counter growing claims of mismanagement regarding the multi-billion shilling estate. In a detailed notice published in local…
The National Assembly approved the Supplementary Appropriations Bill on April 2, 2026, which expands the national budget by 9.1%. This legislative move raises total government expenditure from Ksh.4.301 trillion to Ksh.4.695 trillion,…
One Petroleum Limited announced it has taken immediate action to block a controversial consignment of Super Petrol from reaching Kenyan consumers. Following a direct order from the government, the company moved to halt the distribution of…
Lilian Nyawanda has been tapped to take over the leadership of the Kenya Revenue Authority (KRA) in an acting capacity, marking a shift at the top of the country’s main tax agency. Her appointment follows the exit of Commissioner General…
The Central Bank of Kenya (CBK) has kept its lending rate unchanged at 8.75pc in a move expected to continue strengthening the credit market and keep inflation in check. In its meeting on Wednesday, the CBK Monetary Policy Committee said…
The Central Bank of Kenya (CBK) has retained its benchmark lending rate at 8.75 % as policymakers assess emerging inflation risks and global oil prices. In its latest Monetary Policy Committee (MPC) statement following the April 8 meeting,…
Satellite communication provider Starlink has been listed among the top ten fixed internet providers in Kenya based on subscription market share. Starlink recorded a quarterly subscriber growth rate of 14.4% from September to December…
Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has rallied government agencies in the agriculture sector to deliver measurable results that will transform the country into a net food exporter. Speaking during a…
Kenya Airways has clarified reports concerning its shareholding structure, following claims that the Employee Share Ownership Scheme (ESOP) was being wound up and that the National Treasury would hold more than 50% of the airline. In a…
Motorists across the country are grappling with a fuel shortage, with several petrol stations displaying “No Fuel” signs. Long queues were witnessed at Kisii petrol stations on April 8, as boda boda riders reported being compelled to buy…
President William Ruto has signed into law the Supplementary Appropriations Bill raising current fiscal spending by 9.1pc to Ksh 393.2 billion. This effectively increases the FY2025/26 budget to Ksh 4.695 trillion from the original Ksh…
Global oil prices have fallen sharply and stock markets have jumped after the US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key Strait of Hormuz waterway. The price of benchmark Brent crude…
Global oil prices dropped sharply ahead of the Energy and Petroleum Regulatory Authority (EPRA) April-May review. According to Trading Economics, as of April 8, crude oil prices had fallen sharply to $95.74 per barrel, down 15.24%.…
Zenith Bank Plc has officially completed its acquisition of Paramount Bank Kenya Limited. The deal, which has received full regulatory approval from authorities in both Nigeria and Kenya, sees Zenith Bank taking 100% ownership of the…
You’ve saved your capital, stocked your shelves, and hired staff. Customers are walking through the doors of your hardware store, pharmacy, or minimart. The M-Pesa till is ringing. On paper, business is booming. But at the end of the…
Nigeria’s Zenith Bank PLC, the second-largest lender by assets and market capitalization, has officially entered the Kenyan banking market after completing its 100% acquisition of Paramount Bank Limited on April 7, 2026, according to a…
Fresh payments to road contractors are set to inject new life into Kenya’s infrastructure sector, after years of stalled projects and mounting unpaid bills. Roads Principal Secretary Joseph Mbugua said the government will release at least…
Athi Water Works Development Agency is under pressure after it emerged that it is failing to collect more than half of the money it bills for water services, raising questions about efficiency and the future of key infrastructure projects.…
The Kenya Revenue Authority (KRA) has crossed the Ksh 2 trillion mark in tax collections, pointing to a steady rebound in revenue despite pressure on households and businesses. Fresh data shows the taxman collected Ksh 2.04 trillion…
The Kenya Revenue Authority (KRA) has surpassed the Ksh. 2 trillion milestone in cumulative revenue collection for the first nine months of the 2025/2026 financial year. As of March 31, 2026, the authority recorded Ksh. 2.038 trillion in…
