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Business

The Booming Body Scrub Trend Transforming Nairobi's Spa Industry
Business

The Booming Body Scrub Trend Transforming Nairobi's Spa Industry

The skincare industry in Nairobi has experienced a surge in popularity, particularly due to the growing trend of body scrubbing at local spas. Once relegated to basic bar soap, body care has now become a lucrative seg…

Nov 6, 2024
Starlink Stops New Sign-ups in Nairobi as Network Reaches Capacity
Business

Starlink Stops New Sign-ups in Nairobi as Network Reaches Capacity

Elon Musk, founder of Starlink satellite internet service, has addressed the company's recent decision to suspend new sign-ups in several African urban centers, including Nairobi. Through his X (formerly Twitter) plat…

Nov 5, 2024
Uber and Safaricom Partner to Offer Free Data Access Across Kenya
Business

Uber and Safaricom Partner to Offer Free Data Access Across Kenya

Uber has partnered with Safaricom to provide free mobile data access for users of the Uber and Uber Eats applications. This collaboration ensures that drivers, delivery partners, riders, and merchants can utilize the…

Nov 4, 2024
Wine Drinkers to Pay More as Kenya Introduces Alcohol Content-Based Tax
Business

Wine Drinkers to Pay More as Kenya Introduces Alcohol Content-Based Tax

Kenya's National Treasury has unveiled a new Tax Laws (Amendment) Bill, 2024, proposing changes to alcohol taxation, particularly affecting the pricing structure of wine and beer. This legislation, previously integrat…

Nov 3, 2024
CS Mbadi Rolls Out Digital Marketplace Tax Reform Plan
Business

CS Mbadi Rolls Out Digital Marketplace Tax Reform Plan

Kenya's digital marketplace is poised for significant transformation as the Ministry of Treasury and Economic Planning introduces comprehensive tax reforms. Treasury Cabinet Secretary John Mbadi has unveiled the Tax L…

Nov 1, 2024
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KNBS Report: Mixed Price Changes Hit Kenyan Consumers
Business

KNBS Report: Mixed Price Changes Hit Kenyan Consumers

The Kenya National Bureau of Statistics (KNBS) on Thursday listed electricity as one category of essential commodities whose prices increased in October 2024. In the energy sector, electricity costs witnessed modest u…

Oct 31, 2024
M-Pesa Records First-Ever Agent Decline
Business

M-Pesa Records First-Ever Agent Decline

Safaricom's pioneering mobile money service, M-Pesa, has recorded its first-ever decline in agent numbers following the implementation of a new geo-locking security measure. The policy, designed to combat fraud, restr…

Oct 28, 2024
Kenya's Phone Assembly Hits 2M Mark, Says PS Tanui
Business

Kenya's Phone Assembly Hits 2M Mark, Says PS Tanui

The Ministry of Information and Communications Technology has announced that over two million smartphones have been asse,bled in Kenya. ICT Principal Secretary John Tanui revealed that this initiative, spearheaded by…

Oct 27, 2024
Kenya's Retail Giants Embrace 24-Hour Shopping Culture
Business

Kenya's Retail Giants Embrace 24-Hour Shopping Culture

The changing lifestyles of consumers are pushing the leading supermarket chains in Nairobi and other major cities to offer 24-hour operations. This shift, primarily driven by increasing urbanization, demanding work sc…

Oct 26, 2024
Tap Into Kenya's Vast Geothermal Potential, Ruto Tells Investors
Business

Tap Into Kenya's Vast Geothermal Potential, Ruto Tells Investors

Kenya's President William Ruto has called for increased investment in the country's vast geothermal energy potential, highlighting that only a fraction of available resources have been utilized thus far. During the gr…

Oct 24, 2024
Why Kenya Government Will Switch Off Millions of Phones Next Week
Business

Why Kenya Government Will Switch Off Millions of Phones Next Week

The Communications Authority of Kenya (CA) is implementing changes to mobile device taxation with a new directive set to take effect on November 1, 2024. The initiative aims to strengthen tax compliance across Kenya's…

Oct 24, 2024
Kenyan Exporters on Notice as Government Sets Strict Rules for Avocado and Mango Trade
Business

Kenyan Exporters on Notice as Government Sets Strict Rules for Avocado and Mango Trade

Kenya's Agriculture and Food Authority (AFA) has implemented restrictions on avocado exports, effective October 25, following revelations of insufficient production levels for the current season. The directive specifi…

Oct 22, 2024
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Kenya's Wealthiest Depositors Revealed
Business

Kenya's Wealthiest Depositors Revealed

Less than 1% of Kenyan bank accounts held more than 500,000 Kenyan shillings last year. This indicates a lack of savings culture and increasing income inequality in the country. According to Central Bank of Kenya (CBK…

Oct 22, 2024
CBK Actions Keep Kenyan Shilling Stable Amid Global Fluctuations
Business

CBK Actions Keep Kenyan Shilling Stable Amid Global Fluctuations

The Kenyan shilling has demonstrated remarkable resilience against the US dollar, largely due to the strategic interventions of the Central Bank of Kenya (CBK). Despite the dollar reaching a two-month high earlier in…

Oct 19, 2024
JPMorgan Ignores Kenyan tycoons in African expansion strategy
Business

JPMorgan Ignores Kenyan tycoons in African expansion strategy

JPMorgan Chase, America's largest bank, has made progress in its African expansion strategy by securing approval to establish a representative office in Nairobi, Kenya. This move signals increased international intere…

Oct 18, 2024
KenGen Unveils Ambitious 10-Year Green Energy Roadmap
Business

KenGen Unveils Ambitious 10-Year Green Energy Roadmap

Kenya Electricity Generating Company (KenGen) has unveiled an ambitious 10-year strategy aimed at propelling the nation towards a sustainable, green energy future. The G2G plan, spanning from 2024 to 2034, focuses on…

Oct 18, 2024
IMF Set to Rule on Kenya's Sh77.9B Funding Request by October 30
Business

IMF Set to Rule on Kenya's Sh77.9B Funding Request by October 30

The International Monetary Fund (IMF) is set to review Kenya's performance under their current loan program on October 30. Kenya awaits the IMF decision on a $600 million disbursement, part of a larger $3.9 billion lo…

Oct 17, 2024
High Court Adjourns JKIA Takeover Case Amid Chaotic Protests
Business

High Court Adjourns JKIA Takeover Case Amid Chaotic Protests

The High Court Judge Bahati Mwamuye was on Thursday forced to postpone the virtual proceedings in a case challenging the JKIA takeover by the Indian company Adani Group. The adjournment came after disruptive protester…

Oct 17, 2024
Kenya Steps Up Fight Against Cybercrime with Enhanced ICT Approval Process
Business

Kenya Steps Up Fight Against Cybercrime with Enhanced ICT Approval Process

The Communications Authority of Kenya (CA) has recently implemented more stringent approval procedures for Information, Communication, and Technology (ICT) equipment. This initiative is part of a broader effort to pro…

Oct 15, 2024
Kenya's Fuel Prices Drop to Lowest Point Since Early 2022
Business

Kenya's Fuel Prices Drop to Lowest Point Since Early 2022

The cost of fuel has decreased to the lowest point in 19 months due to lower import prices, which is likely to further reduce the pressure on inflation. The Energy and Petroleum Regulatory Authority (Epra) reports tha…

Oct 15, 2024
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