Latest business stories from across Kenya.
The International Monetary Fund (IMF) has proposed changes to the frequency of Kenya’s monetary policy reviews, recommending that the Central Bank of Kenya (CBK) reduce the number of Monetary Policy Committee (MPC) meetings from six to…
Kenya’s push to grow its manufacturing base has received a fresh boost after the country secured a Ksh 22.1 billion financing arrangement with Japan, aimed at strengthening local vehicle production and expanding industrial capacity in the…
Kenya has secured a Sh22 billion financing package from Japan to support local vehicle assembly, reduce energy losses and strengthen government reforms as the country seeks to accelerate industrialisation and diversify its sources of…
Credit Reference Bureaus (CRBs) play a crucial role. CRBs enable youths to access to loans at low interest rates by lowering information gaps. The adverse selection information gap problem occurs when lenders cannot distinguish between…
The Kenya Revenue Authority (KRA) has extended working hours at selected service points to midnight to support taxpayers in filing their annual income tax returns ahead of the June 30 deadline. In a public notice issued on June 23, the…
The National Transport and Safety Authority (NTSA) has announced a two-year suspension on the licensing of new matatu SACCOs and public service vehicle (PSV) companies as part of measures aimed at enhancing road safety and streamlining the…
Governor Johnson Sakaja’s administration, through Nairobi City County, has issued a fresh warning to Nairobi traders as county enforcement operations intensify. In a notice dated June 23, Nairobi City County Government urged all traders…
Kenya Railways Corporation (KRC) has announced the rollout of new luxury passenger coaches, saying the service is expected to be fully operational by July 2026. KRC made the disclosure during a presentation on June 19, where its leadership…
President William Ruto has unveiled an ambitious government plan to raise coffee farmers’ earnings from the current Sh158 per kilogramme to between Sh250 and Sh300 over the coming years. He said the initiative forms part of a wider…
The government has released a fresh update on the proposed multi-billion-shilling Mombasa Northern Bypass, saying feasibility studies and due diligence assessments are bringing the project closer to possible implementation under a…
A family living room rarely stays the same for long. A couple moves into a first apartment. A baby arrives. The coffee table gets pushed aside for play space. A home office appears in the corner. Guests come for weekends. Children grow…
(CBK)Central Bank of Kenya received bids worth KSh 78 billion at this month’s first Treasury Bonds auction, designed to raise cash for budgetary support, the state fiscal agent issuing the prospectus, just days before the end of the…
The UK government has announced a major new phase of its international clean energy leadership, confirming the extension of the Ayrton Fund to 2030 and an £88 million scale-up of its flagship Transforming Energy Access (TEA) platform. The…
In a major step toward transforming agricultural resilience across East Africa, Kenya has on Monday played host to the inaugural Steering and Technical Committees meeting of the Intergovernmental Authority on Development (IGAD) Soil Health…
Former US Federal Reserve chair Alan Greenspan has died aged 100, his wife has said. NBC News correspondent Andrea Mitchell said in a statement reported by her employer that her husband had died from complications of Parkinson’s Disease.…
Guinea has banned the export of unrefined gold in an effort to promote domestic processing of the precious metal. The policy – effective immediately – comes after Guinea’s President Mamadi Doumbouya met industrial and artisanal gold…
Kenya’s mobile money revolution is entering a new phase, one that goes far beyond sending cash or paying bills. The latest sector statistics from the Communications Authority of Kenya (CA) reveal a growing shift toward savings, investment,…
Absa Bank Kenya and Google’s Hustle Academy will train 3,000 SMEs in a year, pairing free AI skills with finance.
Kenya’s mobile money sector has continued to expand at a steady pace, reinforcing its position as one of the most advanced digital payments markets in the region. New sector statistics from the Communications Authority of Kenya (CA) show…
The Kenya Revenue Authority (KRA), under the Income Tax Act (Cap 470), is allowed to tax Kenyan authors on the sales income they make on Amazon through Kindle Direct Publishing (KDP). According to the authority, Kenyan authors can be taxed…
President William Ruto is expected to sign the Finance Bill 2026 into law on Tuesday after it was approved by the National Assembly, setting the stage for the implementation of new tax and revenue measures aimed at funding government…
Absa Bank Kenya has rolled out a new mortgage financing programme targeting one of the biggest challenges facing Kenya’s housing sector: connecting willing homebuyers with housing projects before construction is completed. The bank…
The International Monetary Fund (IMF) has advised the Central Bank of Kenya (CBK) to reduce the number of its monetary policy meetings from six to four per year to improve the quality of its economic forecasts and decision-making.…
The Kenya Electricity Generating Company (KenGen) and the Kenya Ports Authority (KPA) have collectively repaid Sh11.6 billion of their state-guaranteed loans, helping reduce Kenya’s overall stock of government-backed debt, even as Kenya…
