BUSINESS NEWS

All Digital Payment Systems Including M-Pesa to Become Virtual ETRs
All Digital Payment Systems Including M-Pesa to Become Virtual ETRs
President William Ruto's senior economic advisor Moses Kuria has provided clarification on his… read more...
Malindi Airport Set for Sh5.5bn Revamp in Kenya-Italy Tourism Initiative
Malindi Airport Set for Sh5.5bn Revamp in Kenya-Italy Tourism Initiati…
The Italian ambassador Roberto Natali recently met with Kenya's Transport and Roads Minister Davis… read more...
Why Kenya Could Stop Exporting Coffee to the EU by December 2024
Why Kenya Could Stop Exporting Coffee to the EU by December 2024
Kenya is racing against time to comply with the European Union's new regulations aimed at curbing… read more...
From 3D to 2D: How Hackers Exploited Equity Bank's Security Flaws to Loot Sh322 Million
From 3D to 2D: How Hackers Exploited Equity Bank's Security Flaws…
Equity Bank fell victim to a sophisticated cyber heist between April and July 2023, resulting in a… read more...
Government Considers M-Pesa Deductions as Hustler Fund Struggles with Loan Recovery
Government Considers M-Pesa Deductions as Hustler Fund Struggles with…
The Hustler Fund, officially known as the Financial Inclusion Fund, is grappling with significant… read more...
Shilling Maintains Position Against Weakening Dollar
Shilling Maintains Position Against Weakening Dollar
The Kenyan shilling demonstrated remarkable stability in September, maintaining a consistent… read more...
MPs to Vote on Bill Separating M-Pesa from Safaricom's Core Business
MPs to Vote on Bill Separating M-Pesa from Safaricom's Core Busin…
The Kenya Information and Communications (Amendment) Bill, 2022 has entered its second reading in… read more...
Starlink Launches 'Mini' Option in Kenya, Slashing Hardware Costs
Starlink Launches 'Mini' Option in Kenya, Slashing Hardware…
American satellite internet company Starlink has expanded its offerings in Kenya with the… read more...
Kenyan Shilling Gains Ground Against US Dollar Amid Strong Demand
Kenyan Shilling Gains Ground Against US Dollar Amid Strong Demand
The Kenyan Shilling has demonstrated remarkable resilience against the US Dollar, experiencing a… read more...
UN Honours Kenyan Innovator for Revolutionary Farming Practices in New York Ceremony
UN Honours Kenyan Innovator for Revolutionary Farming Practices in New…
A Kenyan farm manager was honoured on Wednesday at the United Nations General Assembly (UNGA) in… read more...
Ruto Explains Decision to Welcome Starlink into Kenyan Telecom Sector
Ruto Explains Decision to Welcome Starlink into Kenyan Telecom Sector
President Ruto has defended allowing Elon Musk's Starlink satellite internet company to enter the… read more...
Kenya and Singapore Ink Landmark Double Taxation Agreement
Kenya and Singapore Ink Landmark Double Taxation Agreement
Kenya has made a notable stride in its international economic relations by finalizing a Double… read more...
Mombasa Embraces Electric Tuk-Tuks for Green Revolution
Mombasa Embraces Electric Tuk-Tuks for Green Revolution
The transition to electric tuk-tuks in Mombasa is gaining momentum, heralding a green revolution in… read more...
Secret Billion-shilling Contracts Shake Ruto's Government
Secret Billion-shilling Contracts Shake Ruto's Government
The Kenyan government has entered into several secret, high-value deals with the Indian… read more...
Experts Forecast Continued Strengthening of Kenyan Shilling Against US Dollar
Experts Forecast Continued Strengthening of Kenyan Shilling Against US…
Recent reports suggest a promising outlook for the Kenyan shilling against the United States dollar… read more...
Turkish Investor Launches High-End Airport Lounge in Mombasa
Turkish Investor Launches High-End Airport Lounge in Mombasa
A Turkish investor has established a new lounge at the Moi International Airport (MIA) in Mombasa,… read more...
Kenyan Activist in France Claims Life Under Threat for Exposing JKIA-Adani Deal
Kenyan Activist in France Claims Life Under Threat for Exposing JKIA-A…
Kenyan whistleblower Nelson Amenya residing in France has raised concerns regarding his safety… read more...
Treasury CS John Mbadi Unveils 3-Year Tax Cut Plan to Boost Economy
Treasury CS John Mbadi Unveils 3-Year Tax Cut Plan to Boost Economy
Treasury Cabinet Secretary John Mbadi has unveiled an ambitious plan to reduce taxes over the next… read more...
Maize Flour Prices Plummet Amid Bumper Harvest
Maize Flour Prices Plummet Amid Bumper Harvest
Ugali lovers can soon enjoy affordable servings as maize prices sharply decline due to the current… read more...
Kenyan Shilling Holds Steady for a Week as Forex Market Finds Balance
Kenyan Shilling Holds Steady for a Week as Forex Market Finds Balance
The Kenyan shilling demonstrated remarkable stability during the week of August 26 to August 30,… read more...
Kenya Emerges as Top African Investment Destination in 2024 Deloitte Survey
Kenya Emerges as Top African Investment Destination in 2024 Deloitte S…
Kenya has emerged as a premier investment destination in Africa, alongside South Africa, Nigeria,… read more...
Safaricom Sounds Alarm on Starlink's Kenyan Market Entry
Safaricom Sounds Alarm on Starlink's Kenyan Market Entry
The entry of Starlink, a satellite internet provider owned by Elon Musk's SpaceX, into the Kenyan… read more...
Kenyan Shilling Set to Strengthen as Dollar Demand Eases
Kenyan Shilling Set to Strengthen as Dollar Demand Eases
The Kenyan Shilling is poised to strengthen against the US Dollar in the coming week, driven by… read more...
President Ruto's Backing of JKIA Deal Sparks Outcry Over Elite Capture
President Ruto's Backing of JKIA Deal Sparks Outcry Over Elite Ca…
The recent controversy surrounding the potential sale of Kenya's primary airport has rapidly… read more...
Matatu Industry Issues 7-Day Ultimatum on Increased Fuel Levy
Matatu Industry Issues 7-Day Ultimatum on Increased Fuel Levy
The public transport sector in Kenya has issued an ultimatum to the government, threatening… read more...
Gachagua's Travel and Hospitality Budget Slashed by Sh1.8 Billion
Gachagua's Travel and Hospitality Budget Slashed by Sh1.8 Billion
The office of Deputy President Rigathi Gachagua faces significant budget cuts for the current… read more...
US Businesses Expose Corruption Among Kenya Government Officials
US Businesses Expose Corruption Among Kenya Government Officials
American investors seeking opportunities in Kenya face the challenge of persistent demands for… read more...
Kenya-US Data Hub Project at Risk as Chinese Influence Raises Red Flags
Kenya-US Data Hub Project at Risk as Chinese Influence Raises Red Flag…
Kenya and the United States recently signed a Sh127 billion technological deal to establish an… read more...
Treasury Bond Auction Falls Short as CBK Collects Only Sh488 Million of Sh20 Billion Goal
Treasury Bond Auction Falls Short as CBK Collects Only Sh488 Million o…
Kenya is grappling with a renewed crisis of investor confidence following violent protests that… read more...
Chinese Goods Dominate Kenya's Import Market
Chinese Goods Dominate Kenya's Import Market
China remains Kenya's primary source of imports despite efforts by President William Ruto to… read more...