BUSINESS NEWS

Kenya's tourism sector is experiencing a significant boost this August, driven by the coinciding school holidays and the ongoing African Nations Championship (CHAN) tournament.  Hotels across the country are reporting high occupancy rates. Coastal resorts in Mombasa and Diani are currently…

The Trump administration is set to implement significant tariff increases on numerous countries, effective August 7, as part of a sweeping overhaul of US trade policy.  An executive order, signed by President Donald Trump on July 31, introduces new duties ranging from 10 to 41 percent on…

Kenya has formally registered its disapproval of new trade and licensing regulations enacted by Tanzania, warning that these measures jeopardise the principles of East African regional integration and threaten established trade gains.  The Kenyan Ministry of Investments, Trade and Industry…

A recent Pew Research Center survey reveals a notable shift in Kenya’s economic preferences, with China equalling the United States in favourability for the first time.  According to the survey conducted between January and April 2025, approximately half of Kenyan respondents view Beijing as…

Kenyan motorists are experiencing a sharp rise in fuel prices after the government opted to withhold the fuel stabilisation subsidy for the second consecutive month.  This decision, effective until 15 August, has ignited public concern over the escalating cost of living. The latest fuel price…

Kenya's Betting Control and Licensing Board (BCLB) is spearheading sweeping regulatory reforms aimed at tightening control over the country's burgeoning betting industry.  The proposals, which include significantly increased capital thresholds for licensing and stricter advertising standards,…

Kenya Airways has strategically bolstered its presence in the United Kingdom by launching three weekly flights to London Gatwick Airport, supplementing its existing daily service to Heathrow.  The inaugural Gatwick flights, scheduled for Wednesdays, Fridays, and Sundays, are projected to break…

Renewed hostilities between Israel and Iran pose a significant threat to Kenya's tea industry, disrupting vital trade and straining an already vulnerable market.  The timing of the conflict is especially precarious, as it coincides with ongoing efforts to bolster bilateral trade between Kenya…

Kenyan businesses, particularly those reliant on the nation's critical ports, are on high alert as escalating tensions between Israel and Iran threaten to disrupt global trade routes and supply chains.  The conflict, ignited by an Israeli airstrike on Iran, has already prompted flight…

Kenya has been granted an extension by the East African Community (EAC) Council of Ministers to continue importing wheat and rice at preferential duty rates, a move announced by Treasury Cabinet Secretary John Mbadi during the 2025 Budget Speech.  This decision allows millers to import wheat…