BUSINESS NEWS

The Kenya Revenue Authority (KRA) has introduced stricter rules for obtaining a Tax Compliance Certificate (TCC), requiring applicants to meet new digital invoicing and tax compliance standards. Under the revised framework, all non-individual entities and individuals with income beyond salaries…

Gold prices have climbed to a record high of US$4,100 (around Sh529,720) per ounce, marking the sharpest increase in the metal’s value in modern trading history. The surge, which has pushed prices up by more than 50 per cent in 2025, reflects major shifts in global investment patterns and economic…

Kenya has enacted the Privatisation Act, 2025, paving the way for the sale of government stakes in key State-owned enterprises, with the Kenya Pipeline Company (KPC) set to lead the programme. The new law, signed by President William Ruto on 15 October, replaces the Privatisation Act of 2005 and…

The Kenyan government has introduced new regulations allowing private firms to offer their liquefied petroleum gas (LPG) terminals for common use under an Open Tender System (OTS) to import cooking gas. The Energy and Petroleum Regulatory Authority (Epra) confirmed that the Petroleum (Operation of…

A pharmacist in Migori County is converting discarded plastic jerrycans and glass bottles into functional household items, providing a new source of income while addressing local waste challenges. Nixtone Ambiche, 33, began his craft out of financial necessity after being unable to afford medical…

Africa’s tourism sector is struggling to keep pace with digital transformation, industry leaders warned at the Africa TravelTech Summit and Expo 2025 in Nairobi. Held over two days at the Argyle Grand Hotel near Nairobi Airport, the summit brought together tourism professionals, technology…

Kenya is set to sign a new bilateral trade agreement with the United States by the end of the year, offering critical support to its textile and apparel industry as the future of the Africa Growth and Opportunity Act (AGOA) remains uncertain. President William Ruto announced the expected deal…

Nairobi City County has directed all traders within a 20-kilometre radius of designated centres to present their weighing and measuring equipment for mandatory inspection between August and November 2025. The phased verification exercise is being carried out by the County Directorate of Weights and…

President William Ruto has officially launched construction of the Vipingo Special Economic Zone (SEZ) in Kilifi County, a major industrial development expected to attract Sh390 billion in investment and create over 35,000 direct jobs. Located 42 kilometres north of Mombasa, the Vipingo SEZ covers…

Kenya’s credit scoring system is facing scrutiny as rising living costs drive increased borrowing through digital lenders, who now disburse more than Ksh10 billion each month. Speaking on NTV on Tuesday, 16 September, Sam Omukoko, Managing Director of Metropol Corporation Credit Reference Bureau,…