BUSINESS NEWS

Beyond Real Estate, Where Kenyan Investors Are Allocating Their Funds
Beyond Real Estate, Where Kenyan Investors Are Allocating Their Funds
Investment options in Kenya have traditionally centred around land and rental properties. However,… read more...
Ruto Slashes Subsidies to Zero on IMF Conditions
Ruto Slashes Subsidies to Zero on IMF Conditions
President William Ruto adhered to the conditions set by the International Monetary Fund (IMF) and… read more...
Setback for KRA as Airtel Prevails in Sh791 Million Tax Battle
Setback for KRA as Airtel Prevails in Sh791 Million Tax Battle
Airtel Networks Kenya Limited has emerged victorious in a legal dispute against the Kenya Revenue… read more...
Sh17bn Diesel Mystery: Chief Justice Koome, DCI Chief Amin in Legal Crossfire Over Missing Businesswoman
Sh17bn Diesel Mystery: Chief Justice Koome, DCI Chief Amin in Legal Cr…
Lawyer David Chumo has taken legal action against the Directorate of Criminal Investigations (DCI)… read more...
IMF Sounds Alarm on Kenya's Economy Amidst Concerns Over China's Downturn
IMF Sounds Alarm on Kenya's Economy Amidst Concerns Over China…
The IMF has issued a warning to Kenya and other Sub-Saharan countries regarding the potential… read more...
Korean Businesses Set Sights on Kenya for Investments
Korean Businesses Set Sights on Kenya for Investments
Several Korean companies have shown interest in investing in Kenya by capitalizing on the ongoing… read more...
KRA Launches New Tax Evasion Crackdown on Airbnb Hosts
KRA Launches New Tax Evasion Crackdown on Airbnb Hosts
The Kenya Revenue Authority (KRA) has contacted Airbnb, the online platform for short and long-term… read more...
Quickmart Hit in Sh94 Million Robbery, Wells Fargo Crew Missing
Quickmart Hit in Sh94 Million Robbery, Wells Fargo Crew Missing
Quickmart has suffered a loss of Sh94 million in what appears to be a robbery that took place on… read more...
Kenyans Cut Spending on Travel, Dining as Costs Rise
Kenyans Cut Spending on Travel, Dining as Costs Rise
Households have been cutting down on non-essential expenses due to rising costs. This is in line… read more...
Experts Want Kenya Kwanza to Curb Insatiable Tax Appetite
Experts Want Kenya Kwanza to Curb Insatiable Tax Appetite
The fiscal policy proposals of the Kenya Kwanza administration have faced criticism for their heavy… read more...
KRA Now Clarifies Tax 'Harassment' of Travelers
KRA Now Clarifies Tax 'Harassment' of Travelers
The Kenya Revenue Authority (KRA) has provided further clarification regarding the taxation of… read more...
Kenya Shilling Has for Long Been Overvalued, CBK Governor Kamau Thugge Says
Kenya Shilling Has for Long Been Overvalued, CBK Governor Kamau Thugge…
According to the Central Bank of Kenya (CBK), the demand for foreign exchange in Kenya has… read more...
Shilling Set to Break 160 to the Dollar in Fresh Consumer Pain
Shilling Set to Break 160 to the Dollar in Fresh Consumer Pain
Consumers are expected to face further financial distress as the Kenyan Shilling is projected to… read more...
KICC Emerges as Best Business Events Venue in Africa
KICC Emerges as Best Business Events Venue in Africa
Nairobi's Kenyatta International Convention Centre (KICC) has emerged as the top choice for… read more...
IMF Lauds Kenya's Move to Join Pan-African Payment System
IMF Lauds Kenya's Move to Join Pan-African Payment System
The International Monetary Fund (IMF) has commended Kenya for its decision to join the Pan-African… read more...
Should Kenya Legalize and Start Bhang Exportation?
Should Kenya Legalize and Start Bhang Exportation?
The Directorate of Criminal Investigations recently announced that they had seized over Sh 13… read more...
Workers Cry Foul as Del Monte Cuts Working Days to Cut Costs
Workers Cry Foul as Del Monte Cuts Working Days to Cut Costs
Workers at the Del Monte fruit processor in Murang'a County are expressing their dissatisfaction as… read more...
Kenya Airways London-Nairobi Flight Makes U-Turn After Passenger Falls ill
Kenya Airways London-Nairobi Flight Makes U-Turn After Passenger Falls…
Kenya Airways (KQ) confirmed on Monday evening that one of its flights travelling from London,… read more...
Kenya to Compel Foreigners to Buy Local Health Cover
Kenya to Compel Foreigners to Buy Local Health Cover
Kenya will require all visitors, irrespective of their length of stay, to purchase local health… read more...
Kenyans Borrow Sh 20 Billion Airtime in Four Months
Kenyans Borrow Sh 20 Billion Airtime in Four Months
From November 24th to March 31st, Kenyans borrowed Sh19.9 billion worth of airtime through the… read more...
Monthly e-Citizen Revenue Crosses Sh2bn Mark Under Single Paybill
Monthly e-Citizen Revenue Crosses Sh2bn Mark Under Single Paybill
August saw a significant surge in revenue generated from fees on State services, reaching an all-… read more...
Microsoft, M-Pesa Africa Partner to Develop Digital Skills for MSMEs
Microsoft, M-Pesa Africa Partner to Develop Digital Skills for MSMEs
Microsoft has joined forces with M-Pesa Africa to offer its support to the Capability Development… read more...
Beware of Fake iPhones in Kenya
Beware of Fake iPhones in Kenya
In Kenya, there have been recent reports of individuals purchasing boxed iPhones that ultimately… read more...
How Value of Kenyan Shillings Has Depreciated in a Year
How Value of Kenyan Shillings Has Depreciated in a Year
Kenya has been grappling with a decline in the value of its currency, not only against the dollar… read more...
Kenya's Rising Cost of Living Leaves Low-income Earners Struggling
Kenya's Rising Cost of Living Leaves Low-income Earners Strugglin…
According to a recent report, the impact of high inflation has been most severe on low-income… read more...
Kenyan Airline to Pay Woman with Disability Sh400,000 for Discrimination
Kenyan Airline to Pay Woman with Disability Sh400,000 for Discriminati…
A Kenyan budget airline has been instructed to pay a sum of Sh400,000 to a woman with a disability… read more...
Nairobi Climbs 13 Places on Cheapest Cities for Expats List
Nairobi Climbs 13 Places on Cheapest Cities for Expats List
The depreciation of the Kenyan shilling against major world currencies has resulted in increased… read more...
Safaricom Sued Over M-Pesa Trade Secrets
Safaricom Sued Over M-Pesa Trade Secrets
Safaricom has been unsuccessful in its attempt to halt the progress of a case regarding alleged… read more...
Pressure on Forex Reserves as Kenya Diaspora Inflows Drop in August
Pressure on Forex Reserves as Kenya Diaspora Inflows Drop in August
In August, Kenyans living and working abroad sent home $354.3 million, a decrease of 6.4% from the… read more...
Central Bank of Kenya Limits Sale of Dollars by Money Remittance Companies
Central Bank of Kenya Limits Sale of Dollars by Money Remittance Compa…
The Central Bank of Kenya has placed a restriction on the sale of dollars to individuals through… read more...