BUSINESS NEWS

The Court of Appeal has declined to grant interim orders protecting two Nairobi-based beer distributors from possible termination of their contracts, leaving their agreements open to change while an appeal proceeds. Ngong Matonyok Wholesalers Limited and Manara Limited had asked the court to…

Kenya's public finances have been strained after President William Ruto rejected the Finance Bill in mid-2024, forcing the government to find new ways to manage essential services and debt obligations without the expected Sh346 billion in new revenue. The decision came amid mass protests led by…

Nairobi will introduce higher service charges from July 2025 after the county assembly approved a new five-year tariff framework. The policy, which will run from 2025 to 2030, replaces the long-standing system of by-laws and annual Finance Acts by linking fees directly to the cost of providing…

Maize prices in Kenya are climbing, putting pressure on the government’s promise to keep flour affordable for households. The Ministry of Agriculture has acknowledged potential supply challenges, citing increasing competition between animal feed producers and maize millers for grain intended for…

Tad Motors has unveiled its first five locally assembled electric vehicles in Kenya, marking the start of commercial sales planned for January 2026. Kenya’s electric vehicle industry has gained momentum with the formal entry of Tad Motors, founded by Ethiopian-born Dutch entrepreneur Tadesse…

State House more than doubled its approved spending in the first three months of the financial year, new Treasury data shows. The figures indicate that State House disbursed Sh4.32 billion between July and September against a quarterly limit of Sh1.92 billion, exceeding its ceiling by 125 per cent…

Avocado prices in Kisumu have risen to record levels, with consumers now paying between Sh50 and Sh80 per fruit amid a sharp drop in supply and declining quality. Consumers across Kisumu County are struggling with the sudden surge, which has made a once-affordable household staple significantly…

Safaricom has signed a new agreement to resell Starlink’s satellite equipment and services. For the past two years, Safaricom had been one of Starlink’s strongest opponents in Kenya. It warned regulators about possible risks to national security and interference with mobile networks, and even…

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…