BUSINESS NEWS

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...
Dollar Zooms Past Sh150 as Pressure Piles on Kenyan Shilling
Dollar Zooms Past Sh150 as Pressure Piles on Kenyan Shilling
Kenyan banks are currently charging retail dollar buyers up to Sh154 per unit due to the high… read more...
Tuskys Supermarket on the Verge of Sh6 Billion Assets Loss
Tuskys Supermarket on the Verge of Sh6 Billion Assets Loss
Tuskys Supermarket is facing the risk of losing around Sh6 billion worth of assets after the High… read more...
Banks Oppose Cabinet Move to Increase Cash Deals
Banks Oppose Cabinet Move to Increase Cash Deals
The Cabinet had proposed to increase the threshold for cash transactions in Kenya to over Sh2… read more...
US Ambassador Meg Whitman: Why Finance Act Will Attract American Investors
US Ambassador Meg Whitman: Why Finance Act Will Attract American Inves…
United States Ambassador to Kenya Meg Whitman on Monday, June 3, lauded the Finance Act 2023 during… read more...
Good News for Farmers as Kenya, Israel Remove Trade Barriers
Good News for Farmers as Kenya, Israel Remove Trade Barriers
 President William Ruto has struck a deal to export tea, coffee, avocado and pineapple to Israel… read more...
Ethiopia Grants Safaricom's Mpesa Mobile Money License
Ethiopia Grants Safaricom's Mpesa Mobile Money License
Ethiopia has licenced Safaricom's Mpesa to operate in the diverse and unbanked nation.  Safaricom… read more...
Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for Kenya's Investment Abroad
Ethiopia Outperforms Tanzania, Uganda as the Leading Destination for K…
Ethiopia has surpassed Tanzania and Uganda as the leading destination for Kenya's investment abroad… read more...
Kenya Seeks New Financing From IMF
Kenya Seeks New Financing From IMF
Kenya is seeking yet another financing from the International Monetary Fund as the International… read more...