BUSINESS NEWS

Kenya's maize supply is under severe strain, triggering a surge in maize flour prices and pushing households across the nation into heightened economic uncertainty. The crisis, driven by a confluence of local and regional factors, threatens food security and is sparking urgent calls for…

Kenya's Betting Control and Licensing Board (BCLB) has enacted an immediate, month-long prohibition on all gambling-related advertising across various media platforms. The suspension, announced on Tuesday, April 29, aims to enforce regulatory compliance and curb the growing societal problems…

Kenya's National Assembly is currently deliberating critical amendments to the country's tax laws, intending to stimulate investment in the manufacturing sector and reduce costs within the power industry. The proposed legislative changes, encapsulated in the Value Added Tax (Amendment) Bill,…

Kenya's export sector, particularly textiles and agriculture, is bracing for significant challenges following the imposition of a 10% tariff on Kenyan goods by the United States, effective last Wednesday. The move threatens an industry employing approximately 180,000 Kenyans, both directly and…

Kenya's National Assembly is considering a groundbreaking initiative to incorporate social media discussions into the public participation process for budget formulation. This move comes as the country grapples with potential new tax measures to support the ambitious Sh4.26 trillion budget for…

The Nairobi Securities Exchange (NSE) is embarking on an ambitious strategic plan for 2025-2029, seeking to inject new vitality into Kenya's capital markets. The exchange aims to attract nine million local retail investors and facilitate the listing of 40 companies over the next five years,…

The United States has escalated its trade dispute with Kenya by implementing a 10 percent reciprocal tariff on Kenyan exportsPresident Donald Trump has initiated the move in response to alleged trade barriers. The decision, effective immediately, follows a report by US Trade Representative Jamieson…

President Donald Trump's administration has implemented a 10% reciprocal tariff on all goods imported from Kenya. Announced from the White House Rose Garden and dubbed "Liberation Day," the tariff is part of a broader strategy aimed at addressing perceived unfair trade practices, particularly…

Rabbit farming is rapidly gaining traction as a viable and sustainable livelihood option in Mombasa County, Kenya, the nation's smallest county by landmass. Approximately 10,000 farmers are now engaged in cuniculture, drawn to its cost-effectiveness and potential for economic empowerment. Justin…

In Kibera, Kenya, the fintech platform Afribit is pioneering a novel approach to waste management and financial inclusion by utilizing Bitcoin as a payment system. The initiative addresses both the severe waste disposal challenges within the slum and the financial exclusion faced by many residents…