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Business

Kenyan Businesses Exploit Tax Reliefs at the Expense of Households
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
Petrol Users Pay More in Taxes Than Product Cost
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 revea…

May 17, 2025
Kenya’s Finance Bill 2025 Introduces Hidden Taxes
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
Nairobi Shuts Down All Naivas Supermarkets Over Food Safety Violation
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 1…

May 14, 2025
Kenya’s Wealthy Shift Investments to Classic Cars, Art, and Luxury Goods
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
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Cooking Gas Prices in Nairobi Remain High Despite Tax Cuts
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
Kenya’s Economic Growth Slows as Job Creation Drops to Lowest Level Since COVID-19
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 economic…

May 7, 2025
High Toll Fees on Nairobi-Mombasa Expressway Could Match Flight Costs
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
Billionaire Warren Buffett Donates Sh3.8 Billion to Kenya
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 i…

May 6, 2025
Kenya Moves to Scrap Excise Duties on Imported Eggs, Onions, and Potatoes
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 trad…

May 2, 2025
Kenyan Workers and Retirees to Benefit from Tax-Free Pension Under Ruto’s New Labour Reforms
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
Finance Bill 2025: Ruto's Government Pledges Tax Relief
Business

Finance Bill 2025: Ruto's Government Pledges Tax Relief

Kenya's Cabinet has pledged reduced taxes for the upcoming fiscal year to alleviate public concerns amid anticipation of the Finance Bill 2025, which remains closely guarded. Despite National Assembly Speaker Moses We…

May 1, 2025
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BCLB Targets 58 Unlicensed Gambling Platforms in Nationwide Regulatory Sweep
Business

BCLB Targets 58 Unlicensed Gambling Platforms in Nationwide Regulatory Sweep

Kenyan authorities have escalated their efforts to regulate the burgeoning gambling industry, targeting unregulated betting operations and tightening oversight over licensed firms. The Betting Control and Licensing Bo…

Apr 30, 2025
Maize Shortage in Kenya Pushes Ugali Prices Higher Amid Supply Crisis
Business

Maize Shortage in Kenya Pushes Ugali Prices Higher Amid Supply Crisis

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 regi…

Apr 29, 2025
Kenya Imposes Month-Long Ban on Gambling Ads
Business

Kenya Imposes Month-Long Ban on Gambling Ads

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, a…

Apr 29, 2025
Kenya Considers Tax Amendments to Spur Manufacturing
Business

Kenya Considers Tax Amendments to Spur Manufacturing

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…

Apr 22, 2025
Trump Tariffs Threaten 180,000 Kenyan Jobs in Export Sectors
Business

Trump Tariffs Threaten 180,000 Kenyan Jobs in Export Sectors

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 thr…

Apr 10, 2025
Kenya Parliament Considers Social Media Feedback in National Budget Process
Business

Kenya Parliament Considers Social Media Feedback in National Budget Process

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 p…

Apr 8, 2025
NSE Targets 9 Million Local Investors and 40 New Listings by 2029
Business

NSE Targets 9 Million Local Investors and 40 New Listings by 2029

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 inve…

Apr 4, 2025
How Mitumba Trade and Corruption Landed Kenya on Trump's Tax Penalty List
Business

How Mitumba Trade and Corruption Landed Kenya on Trump's Tax Penalty List

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 dec…

Apr 4, 2025
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