BUSINESS NEWS

The National Biosafety Authority (NBA) has completed a month-long public consultation regarding the potential market introduction of Genetically Modified (GM) maize, specifically known as BT Maize. This consultation, initiated in mid-December after an official notice on December 6, 2024, gathered…

Stakeholders in Kenya's Liquified Petroleum Gas (LPG) sector are expressing alarm over potential price increases as the government pushes for a regulatory overhaul aimed at enhancing industry standards and safety. The proposed Petroleum Regulations 2024 require LPG operators to obtain separate…

As the festive season approaches, businesses in Nyeri are experiencing a range of sentiments. While many traders anticipate increased consumer spending typical of the holiday season, others prepare for potential financial downturns. Some local business operators view the holiday as a lucrative…

The Mombasa Port is currently witnessing a substantial surge in vessel traffic, reported by the Kenya Ports Authority (KPA) to have increased transhipment activity by an impressive 300%. This remarkable uptick in maritime operations is influenced by several key factors, including governmental…

Beginning January 2026, Kenya will cease imports of hydrochlorofluorocarbons (HCFCs) refrigerants, as mandated by the National Environment Management Authority (NEMA). This action aligns with the commitments established under the Montreal Protocol, which seeks to phase out substances harmful to the…

The Energy and Petroleum Regulatory Authority (EPRA) has announced a notable reduction in fuel prices in a strategic move to alleviate the financial burden on Kenyans during the festive season. This adjustment comes at a crucial moment as many motorists prepare for increased travel during the…

The Kenya Association of Travel Agents (KATA) has launched a petition in response to the proposed 16 per cent Value Added Tax (VAT) on select air services, including air tickets issued by travel agents. KATA's leadership, including Chairman Joseph Kithitu and CEO Nicanor Sabula, asserts that this…

Kendu Bay, a historic trading centre in Homa Bay County, is set to undergo an economic transition with the upcoming opening of the first bank branch in the town, Kenya Commercial Bank (KCB). The grand opening, scheduled for Monday, marks a critical milestone in a community long characterized by its…

Kenya’s mobile financing sector is currently grappling with challenges as it seeks to broaden digital inclusion. Despite notable advancements in providing low-income earners access to essential tools, particularly smartphones through the Buy Now, Pay Later (BNPL) model—which has driven smartphone…

Kenya's National Assembly Finance Committee has recommended exempting small businesses from the Kenya Revenue Authority's (KRA) electronic tax invoice management system (eTIMS). This proposal, which aims to ease the compliance burden on businesses with annual sales below Sh5 million, is currently…