Latest economy stories from across Kenya.
A nationwide clampdown on illegal cooking gas refilling plants has recovered 26,000 cylinders in the past three years that compliant brand owners blame for losses of Ksh1.2 billion yearly.
The mines of fluorspar in Kimwarer in Elgeyo Marakwet County are expected to resume operations soon as a result of a contract a UK mining company has made with the national government. According to Salim Mvurya, the Cabinet Secretary for…
Safaricom was formed in 1997 and is one of the leading providers of technology and communications services in Kenya and East Africa at large. Locally, it is the most celebrated and reliable network, having been the first telecommunication…
The Central Bank of Kenya (CBK) has taken measures to tighten the disparity between interbank rates and its benchmark lending rate in a bid to reduce credit costs.
Agriculture Sector Network (ASNET), a lobby representing agriculture industry players, has called for higher budget allocations to farming.
Motorists in Kenya who will be filling up their cars from midnight today are expecting reductions of about Ksh1 a litre at the pumps after the Energy and Petroleum Regulatory Authority (EPRA) reviewed petrol prices for the period starting…
The Nairobi Declaration encapsulated the key discussions among African leaders, with a focus on fostering multi-stakeholder partnerships and investments to drive policies, finance, research and development, markets, and capacity building…
Kenya Revenue Authority (KRA) and the Kenya Bankers Association (KBA) have inked a deal to streamline processes that drive revenue mobilization. This follows a high-level engagement between the Leadership of the two organizations that…
Hudson Sandler, a leading independent strategic communications agency with a presence across Africa, is providing strategic communications support to the American Chamber of Commerce (AmCham) Kenya as it hosts the fourth edition of the…
Fuel prices across Kenya declined in April as the new report by EPRA, the oil and gas authority Energy and Petroleum Regulatory Authority, shows the average cost of a litre of petrol is now Ksh190.38 from Ksh199.15 in the period from March…
Emerging entrepreneur and media celebrity Betty Kyallo recently commented on the news that her company, Flair by Betty, has been put up for auction.
Kenya has plans to use co-operative societies to position itself as a leading superfoods producer and exporter.
Mr Peter Doyle, a former senior economist at the International Monetary Fund (IMF) has said Kenyans are facing a heavy tax burden due to unrealistic revenue targets imposed by the IMF in exchange for loans to the country.
The initial phase of this ambitious Kenya nuclear power project is estimated to require a substantial investment of at least Ksh11 billion.
Kenya Electricity Transmission Company (KETRACO) has energized the 220/66kV Kimuka Substation transmission line.
The African leather showcase is spearheaded by the Leather & Hide Council of America, Africa Leather and Leather Products Institute, and coordinated in Africa by the Center for Business Innovation and Training.
KRA Commissioner General, Mr Humphrey Wattanga, highlighted the impact of the Revenue Service Assistants, stating that they have contributed to an extra Ksh180.594 million in revenue collected in the field over the last six months.
Isuzu East Africa and the Cooperative Bank have announced an asset finance scheme designed for schools and businesses that desire easier financing terms.
Formalisation of Kenya’s innovation and entrepreneurship ecosystem has commenced with eight universities selected to train intermediary organisations among them incubators, accelerators, and rapid technology skills providers.
Kisumu National Polytechnic Chief Principal Catherine Kelonye says construction of the textile factory work has reached 85%, and the contractor is expected to hand over the facility by the end of this financial year.
Kenya’s economy is set for a shakeup after the government revealed plans to establish the Kakamega Gold refinery.
Kenya Revenue Authority (KRA) would has reiterated that businesspeople including those in the informal sector and small businesses are required to electronically generate and transmit invoices via the electronic Tax Invoice Management…
Kenya is putting many thousands of shillings in the pockets of those at the bottom end of the pay scale than any of her counterparts, Uganda and Tanzania, in East Africa – it has the highest minimum wage.
The recent trend of the Kenyan shilling strengthening against the US dollar has drawn attention and sparked discussions among economists, policymakers and market participants.
