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Business

Chinese Goods Dominate Kenya's Import Market

China remains Kenya's primary source of imports despite efforts by President William Ruto to strengthen ties with Western nations. This is according to recent data from the Kenya National Bureau of Statistics (KNBS)…

Jul 5, 2024

Business

Kenya's Tourism Revenue Soars to All-Time High of Sh352 Billion

The tourism industry in Kenya has experienced significant growth in recent years. Despite the setbacks caused by the COVID-19 pandemic, the sector has made a strong comeback drawing millions of visitors and substantia…

Jul 3, 2024

Business

How Nairobi Tech-Savvy Scammers Target 73 Million Mobile Accounts

In today's interconnected world, protecting personal information has become crucial. Kenya faces growing challenges in safeguarding consumer data and preventing fraudulent schemes. The TransUnion 2024 State of Omnicha…

Jul 3, 2024

Business

Kenya Poised to Lead East African EV Revolution with MojaEV Launch

Electric mobility firm MojaEV Kenya on June 28, inaugurated its flagship showroom in Nairobi. As the exclusive distributor of Neta Electric Vehicles in Africa, MojaEV aims to transform Kenya's transport sector by prom…

Jun 29, 2024

Business

3 Million Kenyans Have 72 Hours to File Tax Returns

As of June 26, approximately six million Kenyans had successfully filed their tax returns representing a 20% increase compared to the same period in the previous year. However, around three million taxpayers have yet…

Jun 28, 2024

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Business

JKIA to Construct 20-Million Traveler Capacity Terminal

Jomo Kenyatta International Airport (JKIA) is set to undergo a substantial expansion including the addition of a new terminal designed to accommodate an impressive 20 million travelers annually. This development marks…

Jun 23, 2024

Business

Who Profited from Sh1 Billion Public Furniture Contracts?

On February 21, 2024, Nakuru County initiated the budgeting process for the forthcoming financial year and awarded a contract to Taigon Enterprises Ltd for the renovation of their headquarters. Reports indicate that T…

Jun 22, 2024

Business

Family Bank's Newly Appointed Chairman Mungai Dies in the US

Family Bank Board of Directors has announced the death of their recently chosen chairperson, Francis Gitau Mungai. Mungai's association with Family Bank dates back to 1996 when he first supported the bank as a loyal c…

Jun 19, 2024

Business

Ruto Yields to Pressure, Overhauls Controversial Tax Measures

President William Ruto's administration has demonstrated responsiveness to public sentiment by revising several contentious tax proposals outlined in the initial Finance Bill 2024. The revisions announced at State Hou…

Jun 18, 2024

Business

Kenyan Shilling Ranked Africa's Top Currency Amid Economic Optimism

The Kenyan Shilling has earned accolades as the region's top-performing currency. This financial resurgence follows a remarkable 15-month growth streak that has seen the Shilling ascend to historic levels against the…

Jun 17, 2024

Business

Kenyans Up in Arms Over Proposed Finance Bill 2024

The proposed Finance Bill, 2024, aimed at amending tax laws and revenue-raising measures has ignited a firestorm of public discontent in Kenya. As the nation's legislators prepare to deliberate the bill's fate, a reso…

Jun 14, 2024

Business

Kenyans Driving Luxury Cars to Pay Sh400,000 Annually

The Kenyan National Treasury has abolished the Sh100,000 cap on annual motor vehicle tax in a significant policy shift aimed at expanding the tax base. The announcement was made by Treasury Cabinet Secretary Prof Njug…

Jun 14, 2024

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Business

Kenya Government to Offload Stakes in 6 State-Owned Companies

President William Ruto's administration has unveiled an ambitious initiative to reshape state agencies by divesting government ownership in various companies. This strategic plan involves selling shares in six key ins…

Jun 11, 2024

Business

Eastleigh Developers in Limbo as Ruto Reverses Stance on High-Rise Construction

The recent directives from President William Ruto regarding the height restrictions for high-rise buildings in Eastleigh, Nairobi, have sparked confusion and raised concerns among developers in the area. The contradic…

Jun 11, 2024

Business

Cruise Ships Set for Kisumu Port

The once-dormant Kisumu Port on the shores of Lake Victoria is set to experience a renaissance, thanks to the visionary Kisumu Port Resilient Infrastructure Project spearheaded by the Kenya Ports Authority (KPA). This…

Jun 7, 2024

Business

Kenyan Taxpayers Bear Burden as Government Assumes Kenya Airways' $641M Debt

The Kenyan government has assumed the responsibility of servicing a substantial loan originally taken by the national carrier, Kenya Airways (KQ). The loan, amounting to $641.49 million (Sh83.4 billion), was provided…

Jun 7, 2024

Business

Etihad Airways Indefinitely Delays Resumption of Abu Dhabi-Nairobi Flights

Etihad Airways has indefinitely delayed the resumption of its direct flights from Abu Dhabi to Nairobi. This announcement follows the airline's inability to initiate the flights on June 1, 2024, as previously schedule…

Jun 6, 2024

Business

The Visionary Minds Exporting Kenya's Priciest Nuts

Macadamia nuts, often referred to as "nature's gold," have become a prized commodity globally, celebrated for their rich flavour, creamy texture, and numerous health benefits. Kenya, a key player in macadamia producti…

Jun 6, 2024

Business

World Bank Faults Ruto Tax Plans

The Ruto administration in Kenya finds itself entangled in a complex web of fiscal challenges with revenue collection a formidable obstacle. The World Bank's recent warning about unrealistic revenue projections and th…

Jun 6, 2024

Business

Brussels Airlines Comeback Flight to Nairobi Marks Renewed Confidence in Kenya

Brussels Airlines has made a triumphant return to Nairobi after a hiatus of nearly a decade. Their return is spurred by Kenya's burgeoning corporate landscape and revitalized tourism sector. The Belgian national carri…

Jun 5, 2024