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Business

Israel-Iran Conflict Threatens Kenyan Tea Exports

Renewed hostilities between Israel and Iran pose a significant threat to Kenya's tea industry, disrupting vital trade and straining an already vulnerable market. The timing of the conflict is especially precarious, a…

Jun 19, 2025

Business

Kenyan Businesses on Edge as Israel-Iran Conflict Threatens Trade Routes

Kenyan businesses, particularly those reliant on the nation's critical ports, are on high alert as escalating tensions between Israel and Iran threaten to disrupt global trade routes and supply chains. The conflict…

Jun 18, 2025

Business

Kenya Secures EAC Tax Relief for Wheat and Rice Imports

Kenya has been granted an extension by the East African Community (EAC) Council of Ministers to continue importing wheat and rice at preferential duty rates, a move announced by Treasury Cabinet Secretary John Mbadi d…

Jun 13, 2025

Business

Mbadi to Present 2025/2026 Budget

Treasury Cabinet Secretary John Mbadi is scheduled to address Parliament this afternoon, unveiling the government's budget estimates and revenue-raising strategies for the 2025/2026 financial year. Mbadi, a seasoned…

Jun 12, 2025

Business

Nyahururu Transforms into Thriving Economic and Tourism Hub

Nyahururu, once a quaint stopover celebrated for its waterfalls and highland climate, is undergoing a significant transformation into a thriving economic and lifestyle destination. Driven by strategic investments an…

Jun 6, 2025

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Business

List of Biggest Money Market Funds in Kenya as of June 2025

Kenya's Money Market Funds (MMFs) continue to hold a commanding position within the country's collective investment schemes, according to the latest quarterly report from the Capital Markets Authority (CMA). The repo…

Jun 6, 2025

Business

Kenya’s Finance Bill 2025 Faces Widespread Opposition Over Tax Proposals

As Kenya advances toward the implementation of the Finance Bill 2025, stakeholders across various sectors are vehemently opposing its proposed tax reforms, cautioning against potentially severe repercussions for busin…

May 31, 2025

Business

16,000 Kenyan Textile Jobs at Risk as AGOA Trade Benefits Nears Expiry

With the African Growth and Opportunity Act (AGOA) set to expire in September 2025, Kenya's textile industry is bracing for potential economic repercussions. The trade pact, which grants duty-free access to US market…

May 22, 2025

Business

Kenya Accelerates Tea Industry Reforms to Secure Better Farmer Earnings

As the world marks International Tea Day, Kenya's tea industry is undergoing significant reforms aimed at securing better earnings for farmers and fortifying the nation's position in the competitive global market. Th…

May 21, 2025

Business

Kenyan Businesses Exploit Tax Reliefs at the Expense of Households

Despite government efforts to alleviate the financial burden on consumers through various tax reliefs and financial incentives, businesses in key sectors across Kenya are largely absorbing these benefits, resulting in…

May 19, 2025

Business

Petrol Users Pay More in Taxes Than Product Cost

Kenyan motorists and businesses are facing unprecedented fuel costs as taxes and levies on petrol now exceed the actual cost of the product itself. The latest pricing schedule from the country's energy regulator reve…

May 17, 2025

Business

Kenya’s Finance Bill 2025 Introduces Hidden Taxes

The Kenyan government is navigating a delicate balance with its proposed Finance Bill 2025, a legislative package designed to bolster state revenue while striving to avoid the public backlash that engulfed its predece…

May 15, 2025

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Business

Nairobi Shuts Down All Naivas Supermarkets Over Food Safety Violation

The Nairobi County government has ordered the immediate closure of all Naivas Supermarket locations within the county, citing significant food safety violations. The unprecedented directive, effective Wednesday, May…

May 14, 2025

Business

Kenya’s Wealthy Shift Investments to Classic Cars, Art, and Luxury Goods

Kenya's High Net Worth Individuals (HNWIs) are increasingly channeling their wealth into passion-driven acquisitions like fine art and luxury goods, signaling a shift from traditional investment strategies, according…

May 13, 2025

Business

Cooking Gas Prices in Nairobi Remain High Despite Tax Cuts

Multinational oil companies operating in Kenya are under increasing scrutiny for allegedly maintaining high retail prices of liquefied petroleum gas (LPG), despite significant drops in wholesale costs and tax exemptio…

May 12, 2025

Business

Kenya’s Economic Growth Slows as Job Creation Drops to Lowest Level Since COVID-19

Kenya's economic growth is under strain, with recent data revealing a significant deceleration in job creation. This raises concerns about the country's ability to address unemployment and foster sustainable economi…

May 7, 2025

Business

High Toll Fees on Nairobi-Mombasa Expressway Could Match Flight Costs

The long-awaited Nairobi-Mombasa Expressway, a project poised to drastically reduce travel time between Kenya's capital and its coastal hub, is nearing commencement, but questions regarding its affordability for avera…

May 6, 2025

Business

Billionaire Warren Buffett Donates Sh3.8 Billion to Kenya

As Kenya grapples with significant reductions in US foreign aid, billionaire investor Warren Buffett's Susan Thompson Buffett Foundation has committed Ksh3.8 billion to the State Department of Medical Services. This…

May 6, 2025

Business

Kenya Moves to Scrap Excise Duties on Imported Eggs, Onions, and Potatoes

The Kenyan government has proposed eliminating excise duties on imported eggs, onions, and potatoes through the Finance Bill, 2025. This policy shift is aimed at alleviating consumer burden and resolving regional tra…

May 2, 2025

Business

Kenyan Workers and Retirees to Benefit from Tax-Free Pension Under Ruto’s New Labour Reforms

President William Ruto has announced a sweeping set of labour reforms aimed at easing financial burdens for Kenyan workers and retirees. The announcement, made during the 60th Labour Day celebrations at Uhuru Gardens…

May 2, 2025