BUSINESS NEWS
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The National Assembly's Departmental Committee on Energy has recommended a thorough investigation into Kenya's energy sector.
The move highlights excessive electricity costs that have hindered investment and exacerbated living conditions for many Kenyans. After compiling a report over 18 months,…
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The Kenyan aviation industry is facing a risk to its position as the leading air transport hub in Africa due to the reintroduction of the Value Added Tax (VAT).
The Kenya Association of Air Operators (KAAO) has mounted a robust defence against this policy shift, arguing that the proposed 16 per…
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Farmers in Naivasha have implemented innovative methods to overcome the issues caused by unfavorable weather conditions on their crops.
The region's vulnerability to short rains and severe hailstorms poses serious challenges for greenhouse-based flower production, compelling farmers to develop…
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A comprehensive report by Google reveals that the company's digital services generated approximately $900 million in economic value for Kenya in 2023.
The analysis highlights the significant contributions of various Google services, including Search, YouTube, Google Cloud, Advertising, Android, and…
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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 Commission (CCC) has determined that while the fair price should have been approximately…
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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, 2019, has been struck down by Justice Chacha Mwita, who emphasizes that earned…
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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, 200, and 500 shilling notes, with the 1,000 shilling denomination already in…
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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 government is advancing its labour export and economic development strategy beyond the…
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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, retreating from Tuesday's position of 128.50/129.50. This movement coincides with a…
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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 National Assembly Clerk Samuel Njoroge, outlines amendments to the Tax Laws aimed at…
