BUSINESS NEWS
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Jomo Kenyatta International Airport (JKIA) is solidifying its status as a leading aviation hub, with international passenger arrivals rising by 1.9% in 2024 compared to the previous year, according to the Kenya National Bureau of Statistics (KNBS).
The latest figures reveal that 1,507,836 visitors…
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The Kenyan Cabinet has approved a new duty-free import policy that raises the limit for visitors from Sh50,000 to Sh250,000.
This fivefold increase aims to alleviate conflicts between travellers and port authorities, which have previously stemmed from passengers exceeding the existing duty-free…
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The Kenyan government has introduced a bold strategy in response to soaring fuel costs, which have escalated to Sh14.3 billion.
As part of its 2024 draft policy, the administration is exploring the adoption of alternative transportation methods such as donkeys, camels, horses, and electric vehicles…
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A recent report has revealed that a mere two percent of the workforce relies on private cars for travel to work.
In urban areas, six percent of workers opt for private vehicles, compared to just 1.4 percent in rural regions. According to the Kenya Housing Survey, the transportation modes reveal a…
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The government of Kenya is fast-tracking the development of a Fast-Payment System (FPS) designed to facilitate instant money transfers between banks and non-bank providers.
This initiative, led by the Central Bank of Kenya (CBK) in partnership with various industry stakeholders, aims to transform…
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On Friday, January 17, the Kenya Revenue Authority (KRA) unveiled substantial reductions in tax rates concerning fringe benefits, deemed interest, and low-interest benefits.
This move aims to alleviate the financial burden on employees while recalibrating the tax landscape in Kenya. The KRA has…
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Kenya's Financial Reporting Centre (FRC) has announced significant non-compliance with anti-money laundering (AML) measures among numerous real estate agencies and casinos in the country.
This finding follows a comprehensive risk profiling exercise conducted in 2023, which assessed 80 real estate…
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Mahmoud Shaban, a former high school dropout from Kenya, has transformed his life through poultry farming.
His journey began in 2017 when he partnered with a local chicken farmer, initially engaging in commission-based sales aimed at high-end hotel clientele. This venture gradually evolved into a…
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The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices effective January 15, 2025, responding to ongoing economic challenges in Kenya.
The new prices will see Super Petrol rise by Ksh 0.29, Diesel by Ksh 2.00, and Kerosene by Ksh 3.00 per litre, bringing the…
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Three years after the inauguration of its modern cruise terminal, the Port of Mombasa, Kenya, has not achieved its ambitious goal of becoming a leading cruise destination in the region.
The facility, which boasts a lobby with a capacity for 2,000 passengers, shops, a restaurant, and a conference…
