BUSINESS NEWS
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The public transport sector in Kenya has issued an ultimatum to the government, threatening industrial action if the recently increased road maintenance levy is not rescinded.
The levy, which was raised from Sh18 to Sh25 per litre of petrol and diesel, has sparked outrage among various transport…
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The office of Deputy President Rigathi Gachagua faces significant budget cuts for the current fiscal year.
In the recent round of austerity measures by Ruto's regime, Gachagua's office endures a substantial reduction of Sh1.8 billion, primarily affecting travel and hospitality expenditures. The…
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American investors seeking opportunities in Kenya face the challenge of persistent demands for bribes from government officials.
This issue has come to light in the 2024 Biennial Report on the Implementation of the African Growth and Opportunity Act which highlights corruption as a major obstacle…
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Kenya and the United States recently signed a Sh127 billion technological deal to establish an advanced data centre in Olkaria.
This project, a collaboration between Microsoft and a UAE-based multinational company, aims to leverage renewable energy for technological advancements. However, the…
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Kenya is grappling with a renewed crisis of investor confidence following violent protests that forced the government to abandon proposed tax increases.
The demonstrations, which began in June against a finance bill and later broadened into wider anti-government protests, have significantly…
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China remains Kenya's primary source of imports despite efforts by President William Ruto to strengthen ties with Western nations.
This is according to recent data from the Kenya National Bureau of Statistics (KNBS). The trade figures for the first quarter of 2024 highlight Kenya's continued…
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The tourism industry in Kenya has experienced significant growth in recent years.
Despite the setbacks caused by the COVID-19 pandemic, the sector has made a strong comeback drawing millions of visitors and substantially increasing foreign exchange earnings. Kenya's tourism sector achieved…
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In today's interconnected world, protecting personal information has become crucial.
Kenya faces growing challenges in safeguarding consumer data and preventing fraudulent schemes. The TransUnion 2024 State of Omnichannel Fraud Report reveals that fraud reached unprecedented levels in 2023.…
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Electric mobility firm MojaEV Kenya on June 28, inaugurated its flagship showroom in Nairobi.
As the exclusive distributor of Neta Electric Vehicles in Africa, MojaEV aims to transform Kenya's transport sector by promoting eco-friendly solutions. The launch is timely, coinciding with ongoing global…
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As of June 26, approximately six million Kenyans had successfully filed their tax returns representing a 20% increase compared to the same period in the previous year.
However, around three million taxpayers have yet to submit their returns, leaving them exposed to potential penalties from the…