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COMESA Report: Kenyans Charged 21% Above Fair Price for Cooking Oil
Business

COMESA Report: Kenyans Charged 21% Above Fair Price for Cooking Oil

The report from the Common Market for Eastern and Southern Africa (COMESA) reveals that cooking oil companies in Kenya overcharged customers by 21% between July 2021 and December 2022. The COMESA Competition Commissio…

Nov 24, 2024
Court Blocks Safaricom's Bonga Points Expiry Plan, Upholds Consumer Rights
Business

Court Blocks Safaricom's Bonga Points Expiry Plan, Upholds Consumer Rights

The High Court of Kenya has invalidated Safaricom's attempt to impose expiration dates on its Bonga Points loyalty program. The October 2022 directive, which would have affected points accumulated before December 31…

Nov 22, 2024
CBK Introduces Updated Banknotes with Advanced Security Features
Business

CBK Introduces Updated Banknotes with Advanced Security Features

The Central Bank of Kenya (CBK) has announced that the release of updated banknotes for smaller denominations is underway. In an official statement dated November 20, the bank confirms the introduction of new 50, 100…

Nov 20, 2024
Mwaura: 105,367 Kenyans Have Secured Jobs Abroad
Business

Mwaura: 105,367 Kenyans Have Secured Jobs Abroad

Government spokesperson Isaac Mwaura has stated that over 105,000 Kenyans have obtained job opportunities abroad in countries like the United Kingdom, Canada, Australia, Saudi Arabia, and Bahrain. The Kenyan governmen…

Nov 18, 2024
Kenyan Shilling Experiences Modest Decline After US Election
Business

Kenyan Shilling Experiences Modest Decline After US Election

The Kenyan shilling experienced a modest decline against the US dollar on Wednesday, November 13, marking its first downturn in several weeks. Trading figures showed the shilling at 129.00/129.30 against the dollar, r…

Nov 14, 2024
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Kenyan Government Proposes Controversial 15% Tax on Social Media and Internet Services
Business

Kenyan Government Proposes Controversial 15% Tax on Social Media and Internet Services

The Kenyan government has proposed a 15% tax on social media and internet services, which could significantly impact businesses and individuals engaged in online activities. The draft proposal, published by the Nation…

Nov 14, 2024
Kenyan Company Wins Prestigious Earthshot Prize for Innovative Waste-Reduction Solutions
Business

Kenyan Company Wins Prestigious Earthshot Prize for Innovative Waste-Reduction Solutions

Kenyan company Keep IT Cool has been awarded the top prize in the 'Build a Waste-Free World' category at the prestigious Earthshot Prize ceremony held in Cape Town, South Africa. Emerging victorious from a pool of 15…

Nov 7, 2024
Safaricom Solidifies Position in Ethiopia, Reaches 52 Million Customers Nationwide
Business

Safaricom Solidifies Position in Ethiopia, Reaches 52 Million Customers Nationwide

Kenya's telco, Safaricom now serves 46% of Ethiopia's population, just two years after entering the market. The telco has since reached at least 52 million of the country's 112 million people. This milestone achieveme…

Nov 7, 2024
KRA Takes Aim at Nil Tax Returns and Visitors in Aggressive Tax Compliance Drive
Business

KRA Takes Aim at Nil Tax Returns and Visitors in Aggressive Tax Compliance Drive

The Kenyan government is taking steps to enhance tax compliance and boost revenue collection by expanding the mandatory use of Personal Identification Numbers (PINs) for various government services. This move aims to…

Nov 6, 2024
The Booming Body Scrub Trend Transforming Nairobi's Spa Industry
Business

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 growing trend of body scrubbing at local spas. Once relegated to basic bar soap, body care has now become a lucrative seg…

Nov 6, 2024
Starlink Stops New Sign-ups in Nairobi as Network Reaches Capacity
Business

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 decision to suspend new sign-ups in several African urban centers, including Nairobi. Through his X (formerly Twitter) plat…

Nov 5, 2024
Uber and Safaricom Partner to Offer Free Data Access Across Kenya
Business

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 Eats applications. This collaboration ensures that drivers, delivery partners, riders, and merchants can utilize the…

Nov 4, 2024
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Wine Drinkers to Pay More as Kenya Introduces Alcohol Content-Based Tax
Business

Wine Drinkers to Pay More as Kenya Introduces Alcohol Content-Based Tax

Kenya's National Treasury has unveiled a new Tax Laws (Amendment) Bill, 2024, proposing changes to alcohol taxation, particularly affecting the pricing structure of wine and beer. This legislation, previously integrat…

Nov 3, 2024
CS Mbadi Rolls Out Digital Marketplace Tax Reform Plan
Business

CS Mbadi Rolls Out Digital Marketplace Tax Reform Plan

Kenya's digital marketplace is poised for significant transformation as the Ministry of Treasury and Economic Planning introduces comprehensive tax reforms. Treasury Cabinet Secretary John Mbadi has unveiled the Tax L…

Nov 1, 2024
KNBS Report: Mixed Price Changes Hit Kenyan Consumers
Business

KNBS Report: Mixed Price Changes Hit Kenyan Consumers

The Kenya National Bureau of Statistics (KNBS) on Thursday listed electricity as one category of essential commodities whose prices increased in October 2024. In the energy sector, electricity costs witnessed modest u…

Oct 31, 2024
M-Pesa Records First-Ever Agent Decline
Business

M-Pesa Records First-Ever Agent Decline

Safaricom's pioneering mobile money service, M-Pesa, has recorded its first-ever decline in agent numbers following the implementation of a new geo-locking security measure. The policy, designed to combat fraud, restr…

Oct 28, 2024
Kenya's Phone Assembly Hits 2M Mark, Says PS Tanui
Business

Kenya's Phone Assembly Hits 2M Mark, Says PS Tanui

The Ministry of Information and Communications Technology has announced that over two million smartphones have been asse,bled in Kenya. ICT Principal Secretary John Tanui revealed that this initiative, spearheaded by…

Oct 27, 2024
Kenya's Retail Giants Embrace 24-Hour Shopping Culture
Business

Kenya's Retail Giants Embrace 24-Hour Shopping Culture

The changing lifestyles of consumers are pushing the leading supermarket chains in Nairobi and other major cities to offer 24-hour operations. This shift, primarily driven by increasing urbanization, demanding work sc…

Oct 26, 2024
Tap Into Kenya's Vast Geothermal Potential, Ruto Tells Investors
Business

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 energy potential, highlighting that only a fraction of available resources have been utilized thus far. During the gr…

Oct 24, 2024
Why Kenya Government Will Switch Off Millions of Phones Next Week
Business

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 new directive set to take effect on November 1, 2024. The initiative aims to strengthen tax compliance across Kenya's…

Oct 24, 2024
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