Latest business stories from across Kenya.
Kenyan investors have shifted capital into passive, liquid assets such as unit trusts and government securities rather than buying land. According to the HassConsult Property Price Index for the first quarter of 2026, this trend reflects a…
A fuel supplier involved in the Ksh 4.8 billion scandal in Kenya has revealed behind-the-scenes dealings with the government over the MT Paloma fuel import controversy. On April 29, One Petroleum Limited, a company linked to the MT Paloma…
Airtel Money, a mobile money unit of the Airtel Africa, targets going public and listing its shares on the London Stock Exchange (LSE) through the Initial Public Offering (IPO). Operating across 14 countries the Airtel Money provides…
Tullow Oil has rejected a Ksh23 billion tax claim by the Kenya Revenue Authority (KRA) for alleged unpaid Value Added Tax and Capital Gains Tax arising from the disposal of its Kenyan subsidiary to Gulf Energy. The oil and gas firm said…
For years, Mageta Island would slip into near-total darkness once night fell, forcing businesses to close early and residents to retreat indoors amid fears of insecurity. This has however changed significantly since the rollout of the Ksh…
Safaricom has lifted the lid on the scale of transactions moving through M-Pesa, revealing the mobile money platform is processing about Ksh 100 billion every day as digital payments continue to deepen across Kenya and the wider region.…
President William Ruto announced on Tuesday that East African nations are shifting their strategy from exporting raw materials to regional industrialization, with a massive new oil refinery at the heart of the plan. Speaking during the…
Starting in May 2026, Kenyan exporters will benefit from a more streamlined tax filing process as the Kenya Revenue Authority (KRA) introduces a new digital integration between its customs and tax platforms. This system will automatically…
Private capital is expected to help African countries accelerate digital connectivity that will support expansion of cross-border trade of goods and services. This comes amid shrinking commitment of public resources to develop the much…
President William Ruto has reaffirmed the government’s commitment to elevating the quality of life for residents of informal settlements through the development of modern, well-equipped housing units with essential amenities. Speaking…
The Ministry of Lands, Public Works, Housing, and Urban Development has announced a system downtime affecting the Ardhi Sasa portal, resulting in limited access to services. In a notice dated April 28, the State Department for Lands and…
Hospitality firm, Tamarind Management Limited, has announced the closure of its Tamarind Brasserie Restaurant outlet at Dari Business Park in Karen, Nairobi. The Kenya Times independently confirmed the development after contacting the…
The Lynx at Ngong Road Limited’s appointed administrator has issued a notice to the purchasers of its units as the insolvency process unfolds In a notice issued on April 28, by CPA Kamal Bhatt Anantroy, the administrator appointed to…
Kenya’s exporters will no longer have room to manually declare export values in their VAT returns starting May, after the Kenya Revenue Authority (KRA) moved to directly link customs records with domestic tax filings in a shift aimed at…
The National Social Security Fund (NSSF) targeting to diversify its investment portfolio from traditional investments with a focus on return, risk and impact going forward. Speaking during a meeting organized by Kuramo Capital Management,…
The Kenya Revenue Authority (KRA) has issued guidelines on deregistering the Personal Identification Number (PIN) for deceased taxpayers. According to the Authority, in the instance of death, the KRA must update its tax records to reflect…
Kenya Mortgage Refinance Company(KMRC), a state-owned mortgage outfit that offers affordable facilities to other lenders, has floated a KSh 3Billion Green Bond, the second tranche and part of its KSh 10.5 Billion Medium-Term Note…
BlockCoop SACCO has launched Kenya’s first blockchain-powered SACCO, marking a historic milestone in the evolution of cooperative finance and reinforcing the country’s position as a leader in financial innovation across Africa. The…
Global military expenditure reached $2.89 trillion in 2025, up 2.9% from 2024, according to a new report by the Stockholm International Peace Research Institute (SIPRI) released on Monday. Notably, Europe’s defense spending rose sharply,…
Patrick Obath has been elected as the new chairman of the Kenya Alliance of Resident Associations (KARA) by the its Governing Council. Obath who succeeds Richard Nyaga is expected to help strengthen KARA’s role as a leading voice for…
Digital lender Tala is requiring thousands of customers to re-verify their identities in a fresh compliance push that could affect access to loans for users who fail to update their details. The lender announced that borrowers must now…
President William Ruto’s administration is preparing a major shift in tax policy, signalling a move away from aggressive revenue collection towards relief measures aimed at easing pressure on households, a strategy many see as carrying…
The Kenya Revenue Authority (KRA) has released a step-by-step guide to help families and legal representatives deregister the tax PIN of a deceased person. This move provides clarity for a process that often leaves grieving Kenyans feeling…
Digital Credit Providers (DCPs) have defended the move requiring customers to submit a valid national identity card and a live selfie before approving loans on their apps and websites. This shift comes as lenders work to comply with…
