Latest business stories from across Kenya.
President William Ruto has challenged African businesses and entrepreneurs to stop looking overseas for markets and begin trading more aggressively in Africa. The President noted that Africa’s market is increasingly becoming the next…
The Kenya Revenue Authority (KRA) has explained the circumstances surrounding the refund of Ksh 5 billion in taxes to Oil Marketing Companies (OMCs). KRA defended its handling of the controversial MT Paloma fuel cargo, telling the Senate…
The Co-operative Bank of South Sudan (CBSS) hosted 41 cooperative societies based in Northern Bahr el Ghazal State (NBG) for a capacity-building forum to deepen the impact of the cooperative model in farming and business in the State and…
Donald Trump plans to invest hundreds of millions of dollars to revive the US coal industry, with much of the new funding coming through the president’s wartime powers. “So today we’re taking historic action to bring down the price of…
The Senate is calling for radical measures to resolve the ballooning amount of unpaid bills by county governments warning that the crisis could lead to legal battles that would paralyze operations of the devolved units. This comes after a…
The Kenya Railways Corporation (KRC) has released the full fare details for the newly launched Nyahururu Safari Train, showing how much passengers will pay on different routes in economy and first class. The train, which passes through…
Kenya Revenue Authority (KRA) has revealed that it gave up Ksh9.1 billion in tax revenue between April and May 2026 after the government reduced Value Added Tax (VAT) on fuel from 16 per cent to 8 per cent. The tax cut was introduced as…
Kenya Revenue Authority (KRA) says it has forgone Ksh 9.1 billion in tax revenue between April and May 2026 following the reduction of Value Added Tax (VAT) on fuel from 16pc to 8pc. Speaking before the Senate Standing Committee on Energy,…
The recent increase in the cost of fuel has hit Kenyans badly. In Kitui County, residents are now bemoaning the high cost of living owing to consequential price increases in basic food commodities at the local markets. A spot check by the…
Kenyans could soon face higher borrowing costs after the Kenya Bankers Association (KBA) urged the Central Bank of Kenya (CBK) to consider raising its benchmark lending rate to contain rising inflationary pressures. In a research note…
Kenya’s private sector activity weakened further in May as companies suffered sharp rise in costs during the month, the latest Stanbic Bank Purchasing Managers’ Index shows. The bank said headline reading declined to 46.6 in May, down from…
Senators have intensified calls for reductions in fuel taxes and levies, questioning the impact of multiple charges on petroleum products and urging the government to ease the cost of living burden on Kenyans. The concerns emerged during a…
The gap between Counterpoint’s “MEA” and Omdia’s “Africa” is the whole story. One figure includes a Middle East hit by conflict. The other does not.
Kenya has officially launched the local assembly of the Toyota Hiace matatu at the Kenya Vehicle Manufacturers (KVM) plant in Thika. Cabinet Secretary for Investments, Trade and Industry, Kinyanjui, said the move is a significant milestone…
The families of Kenya’s founding President Jomo Kenyatta and former Central Bank of Kenya governor Philip Ndegwa are set to earn a combined windfall of more than KSh 21.9 billion following a major share sale in NCBA Group to South Africa’s…
Kenyan firms are expected to benefit from acquisition of latest global trends in the building and construction industry during three exhibitions slated for later this month. Speaking during the launch of the Kenya Buildcon 2026, Kenya Wood…
Kenya’s private sector employment declined in May for the first time in 16 months, as businesses responded to reduced capacity pressures following a slowdown in new orders across all monitored sectors, according to Stanbic Bank. According…
Kenya’s tea export earnings are holding firm, but new trade figures point to a quiet reshaping of global demand that is increasingly narrowing around a few dominant buyers while other traditional markets weaken under political and economic…
Elon Musk’s SpaceX has released a suggested share price ahead of its planned listing, which would make it the largest initial public sale in history. In a filing setting out plans for its initial public offering (IPO), SpaceX said its…
Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Cabinet Secretary Wycliffe Oparanya has lifted the suspension on the registration of new Savings and Credit Co-operative Societies (SACCOs). In a statement issued on Wednesday,…
Residents of Nyando Sub-County have shared and offered honest reflection on the state of affairs across the major sectors of the economy. In Awasi town, high commodity prices, rising taxes and surging youth crime has left small business…
The Government of Kenya, working with the World Bank, said it will disburse the second tranche of start-up capital under the National Youth Opportunities Towards Advancement (NYOTA) project by June 30, 2026, as it addresses budgetary…
Energy Cabinet Secretary Opiyo Wandayi announced that Kenya Power has withdrawn a proposed retail electricity tariff review application, which could have raised electricity costs from July 1 through 2029. Kenya Power submitted the…
Since its inception in 1984, the Kenya Pipeline Volleyball Team has evolved from a corporate sports outfit into an undisputed continental powerhouse. Decades after its founding, the club remains a shining beacon of Kenyan sports…
