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Experts Want Kenya Kwanza to Curb Insatiable Tax Appetite
Business

Experts Want Kenya Kwanza to Curb Insatiable Tax Appetite

The fiscal policy proposals of the Kenya Kwanza administration have faced criticism for their heavy reliance on taxation as a means of generating revenue. At Bomas of Kenya, the National Dialogue Committee convened an…

Nov 2, 2023
KRA Now Clarifies Tax 'Harassment' of Travelers
Business

KRA Now Clarifies Tax 'Harassment' of Travelers

The Kenya Revenue Authority (KRA) has provided further clarification regarding the taxation of goods brought into the country by passengers returning home. KRA has issued a revision to its previously declared statemen…

Nov 2, 2023
Kenya Shilling Has for Long Been Overvalued, CBK Governor Kamau Thugge Says
Business

Kenya Shilling Has for Long Been Overvalued, CBK Governor Kamau Thugge Says

According to the Central Bank of Kenya (CBK), the demand for foreign exchange in Kenya has consistently exceeded the supply, resulting in the depreciation of the Kenya Shilling. This depreciation has led to the curren…

Oct 25, 2023
Shilling Set to Break 160 to the Dollar in Fresh Consumer Pain
Business

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 exceed Sh 160 against the dollar. Last week, Increased demand for the dollar resulted in a significant drop in the value…

Oct 23, 2023
KICC Emerges as Best Business Events Venue in Africa
Business

KICC Emerges as Best Business Events Venue in Africa

Nairobi's Kenyatta International Convention Centre (KICC) has emerged as the top choice for business events in Africa, clinching the prestigious World Travel Awards (WTA) five years in a row. KICC has triumphed over f…

Oct 17, 2023
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IMF Lauds Kenya's Move to Join Pan-African Payment System
Business

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 Payments and Settlement System (Papps), viewing it as a positive step towards addressing foreign exchange challenges i…

Oct 16, 2023
Should Kenya Legalize and Start Bhang Exportation?
Business

Should Kenya Legalize and Start Bhang Exportation?

The Directorate of Criminal Investigations recently announced that they had seized over Sh 13 million from a residence in Ngara where bhang (marijuana) was being sold. Along with this, authorities had allegedly detain…

Oct 12, 2023
Workers Cry Foul as Del Monte Cuts Working Days to Cut Costs
Business

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 the company begins to implement reduced working days for its casual labourers in order to reduce costs. A memo circul…

Oct 11, 2023
Kenya Airways London-Nairobi Flight Makes U-Turn After Passenger Falls ill
Business

Kenya Airways London-Nairobi Flight Makes U-Turn After Passenger Falls ill

Kenya Airways (KQ) confirmed on Monday evening that one of its flights travelling from London, United Kingdom, to Nairobi, Kenya, had to turn back due to a passenger experiencing a "medical emergency". The flight had…

Oct 10, 2023
Kenya to Compel Foreigners to Buy Local Health Cover
Business

Kenya to Compel Foreigners to Buy Local Health Cover

Kenya will require all visitors, irrespective of their length of stay, to purchase local health insurance. The insurance industry is expected to benefit significantly from a new requirement directing all visitors comi…

Oct 9, 2023
Kenyans Borrow Sh 20 Billion Airtime in Four Months
Business

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 Safaricom Fuliza overdraft program. The difficult economic climate seems to have triggered an increase in the use of credi…

Oct 9, 2023
Monthly e-Citizen Revenue Crosses Sh2bn Mark Under Single Paybill
Business

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-time high. This increase can be attributed to President William Ruto's directive for government agencies to utilize a co…

Oct 5, 2023
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Microsoft, M-Pesa Africa Partner to Develop Digital Skills for MSMEs
Business

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 Academy. M-Pesa Africa recently announced its intentions to facilitate capacity development and digitization for MSMEs…

Oct 5, 2023
Beware of Fake iPhones in Kenya
Business

Beware of Fake iPhones in Kenya

In Kenya, there have been recent reports of individuals purchasing boxed iPhones that ultimately turn out to be either refurbished, previously owned, or devices with replaced components. Staying up-to-date is essentia…

Oct 5, 2023
How Value of Kenyan Shillings Has Depreciated in a Year
Business

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 but also the euro and pound. The costs of both local and imported products have escalated in recent times. Earlier in 2…

Oct 4, 2023
Kenya's Rising Cost of Living Leaves Low-income Earners Struggling
Business

Kenya's Rising Cost of Living Leaves Low-income Earners Struggling

According to a recent report, the impact of high inflation has been most severe on low-income individuals in Kenya. Rose Ngugi, the director of the Kenya Institute for Public Policy Research and Analysis (KIPPRA), say…

Sep 30, 2023
Kenyan Airline to Pay Woman with Disability Sh400,000 for Discrimination
Business

Kenyan Airline to Pay Woman with Disability Sh400,000 for Discrimination

A Kenyan budget airline has been instructed to pay a sum of Sh400,000 to a woman with a disability for their failure to aid her in boarding their aircraft six years ago. According to High Court Judge Hedwig Ong'udi, t…

Sep 26, 2023
Nairobi Climbs 13 Places on Cheapest Cities for Expats List
Business

Nairobi Climbs 13 Places on Cheapest Cities for Expats List

The depreciation of the Kenyan shilling against major world currencies has resulted in increased salaries for expatriates and a more affordable cost of living in Nairobi. The currency has experienced a decline in stre…

Sep 25, 2023
Safaricom Sued Over M-Pesa Trade Secrets
Business

Safaricom Sued Over M-Pesa Trade Secrets

Safaricom has been unsuccessful in its attempt to halt the progress of a case regarding alleged intellectual property infringement. This comes after Safaricom planned to release a product that resembled an innovator's…

Sep 21, 2023
Pressure on Forex Reserves as Kenya Diaspora Inflows Drop in August
Business

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 previous month. This decrease did little to support the country's forex reserves which have been weakening. As of Sept…

Sep 17, 2023
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