BUSINESS NEWS

Court Blocks Safaricom's Bonga Points Expiry Plan, Upholds Consumer Rights
Court Blocks Safaricom's Bonga Points Expiry Plan, Upholds Consum…
The High Court of Kenya has invalidated Safaricom's attempt to impose expiration dates on its Bonga… read more...
CBK Introduces Updated Banknotes with Advanced Security Features
CBK Introduces Updated Banknotes with Advanced Security Features
The Central Bank of Kenya (CBK) has announced that the release of updated banknotes for smaller… read more...
Mwaura: 105,367 Kenyans Have Secured Jobs Abroad
Mwaura: 105,367 Kenyans Have Secured Jobs Abroad
Government spokesperson Isaac Mwaura has stated that over 105,000 Kenyans have obtained job… read more...
Kenyan Shilling Experiences Modest Decline After US Election
Kenyan Shilling Experiences Modest Decline After US Election
The Kenyan shilling experienced a modest decline against the US dollar on Wednesday, November 13,… read more...
Kenyan Government Proposes Controversial 15% Tax on Social Media and Internet Services
Kenyan Government Proposes Controversial 15% Tax on Social Media and I…
The Kenyan government has proposed a 15% tax on social media and internet services, which could… read more...
Kenyan Company Wins Prestigious Earthshot Prize for Innovative Waste-Reduction Solutions
Kenyan Company Wins Prestigious Earthshot Prize for Innovative Waste-R…
Kenyan company Keep IT Cool has been awarded the top prize in the 'Build a Waste-Free World'… read more...
Safaricom Solidifies Position in Ethiopia, Reaches 52 Million Customers Nationwide
Safaricom Solidifies Position in Ethiopia, Reaches 52 Million Customer…
Kenya's telco, Safaricom now serves 46% of Ethiopia's population, just two years after entering the… read more...
KRA Takes Aim at Nil Tax Returns and Visitors in Aggressive Tax Compliance Drive
KRA Takes Aim at Nil Tax Returns and Visitors in Aggressive Tax Compli…
The Kenyan government is taking steps to enhance tax compliance and boost revenue collection by… read more...
The Booming Body Scrub Trend Transforming Nairobi's Spa Industry
The Booming Body Scrub Trend Transforming Nairobi's Spa Industry
The skincare industry in Nairobi has experienced a surge in popularity, particularly due to the… read more...
Starlink Stops New Sign-ups in Nairobi as Network Reaches Capacity
Starlink Stops New Sign-ups in Nairobi as Network Reaches Capacity
Elon Musk, founder of Starlink satellite internet service, has addressed the company's recent… read more...
Uber and Safaricom Partner to Offer Free Data Access Across Kenya
Uber and Safaricom Partner to Offer Free Data Access Across Kenya
Uber has partnered with Safaricom to provide free mobile data access for users of the Uber and Uber… read more...
Wine Drinkers to Pay More as Kenya Introduces Alcohol Content-Based Tax
Wine Drinkers to Pay More as Kenya Introduces Alcohol Content-Based Ta…
Kenya's National Treasury has unveiled a new Tax Laws (Amendment) Bill, 2024, proposing changes to… read more...
CS Mbadi Rolls Out Digital Marketplace Tax Reform Plan
CS Mbadi Rolls Out Digital Marketplace Tax Reform Plan
Kenya's digital marketplace is poised for significant transformation as the Ministry of Treasury… read more...
KNBS Report: Mixed Price Changes Hit Kenyan Consumers
KNBS Report: Mixed Price Changes Hit Kenyan Consumers
The Kenya National Bureau of Statistics (KNBS) on Thursday listed electricity as one category of… read more...
M-Pesa Records First-Ever Agent Decline
M-Pesa Records First-Ever Agent Decline
Safaricom's pioneering mobile money service, M-Pesa, has recorded its first-ever decline in agent… read more...
Kenya's Phone Assembly Hits 2M Mark, Says PS Tanui
Kenya's Phone Assembly Hits 2M Mark, Says PS Tanui
The Ministry of Information and Communications Technology has announced that over two million… read more...
Kenya's Retail Giants Embrace 24-Hour Shopping Culture
Kenya's Retail Giants Embrace 24-Hour Shopping Culture
The changing lifestyles of consumers are pushing the leading supermarket chains in Nairobi and… read more...
Tap Into Kenya's Vast Geothermal Potential, Ruto Tells Investors
Tap Into Kenya's Vast Geothermal Potential, Ruto Tells Investors
Kenya's President William Ruto has called for increased investment in the country's vast geothermal… read more...
Why Kenya Government Will Switch Off Millions of Phones Next Week
Why Kenya Government Will Switch Off Millions of Phones Next Week
The Communications Authority of Kenya (CA) is implementing changes to mobile device taxation with a… read more...
Kenyan Exporters on Notice as Government Sets Strict Rules for Avocado and Mango Trade
Kenyan Exporters on Notice as Government Sets Strict Rules for Avocado…
Kenya's Agriculture and Food Authority (AFA) has implemented restrictions on avocado exports,… read more...
Kenya's Wealthiest Depositors Revealed
Kenya's Wealthiest Depositors Revealed
Less than 1% of Kenyan bank accounts held more than 500,000 Kenyan shillings last year.
CBK Actions Keep Kenyan Shilling Stable Amid Global Fluctuations
CBK Actions Keep Kenyan Shilling Stable Amid Global Fluctuations
The Kenyan shilling has demonstrated remarkable resilience against the US dollar, largely due to… read more...
JPMorgan Ignores Kenyan tycoons in African expansion strategy
JPMorgan Ignores Kenyan tycoons in African expansion strategy
JPMorgan Chase, America's largest bank, has made progress in its African expansion strategy by… read more...
KenGen Unveils Ambitious 10-Year Green Energy Roadmap
KenGen Unveils Ambitious 10-Year Green Energy Roadmap
Kenya Electricity Generating Company (KenGen) has unveiled an ambitious 10-year strategy aimed at… read more...
IMF Set to Rule on Kenya's Sh77.9B Funding Request by October 30
IMF Set to Rule on Kenya's Sh77.9B Funding Request by October 30
The International Monetary Fund (IMF) is set to review Kenya's performance under their current loan… read more...
High Court Adjourns JKIA Takeover Case Amid Chaotic Protests
High Court Adjourns JKIA Takeover Case Amid Chaotic Protests
The High Court Judge Bahati Mwamuye was on Thursday forced to postpone the virtual proceedings in a… read more...
Kenya Steps Up Fight Against Cybercrime with Enhanced ICT Approval Process
Kenya Steps Up Fight Against Cybercrime with Enhanced ICT Approval Pro…
The Communications Authority of Kenya (CA) has recently implemented more stringent approval… read more...
Kenya's Fuel Prices Drop to Lowest Point Since Early 2022
Kenya's Fuel Prices Drop to Lowest Point Since Early 2022
The cost of fuel has decreased to the lowest point in 19 months due to lower import prices, which… read more...
Wall Street Giant JPMorgan Chase to Join Kenya's Banking Sector
Wall Street Giant JPMorgan Chase to Join Kenya's Banking Sector
JPMorgan Chase, one of the world's largest American banking conglomerates, has finally received… read more...
Adani Secures Sh95.7bn Contract to Manage Kenya's Power Grid for 30 Years
Adani Secures Sh95.7bn Contract to Manage Kenya's Power Grid for…
Kenya's national electricity infrastructure is set to undergo a major transformation following the… read more...