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Business

Trump Administration Imposes 10% Tariff on Kenyan Exports
Business

Trump Administration Imposes 10% Tariff on Kenyan Exports

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…

Apr 3, 2025
How 10,000 Farmers Are Turning Rabbit Breeding into Profitable Venture in Coastal Kenya
Business

How 10,000 Farmers Are Turning Rabbit Breeding into Profitable Venture in Coastal Kenya

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…

Mar 5, 2025
Kenya's Kibera Slum Embraces Digital Currency as Mama Mbogas Accept Bitcoin Payments
Business

Kenya's Kibera Slum Embraces Digital Currency as Mama Mbogas Accept Bitcoin Payments

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 dispos…

Mar 2, 2025
Nairobi Hosts First Digital Media Factory as Kenya Targets One Million New Jobs
Business

Nairobi Hosts First Digital Media Factory as Kenya Targets One Million New Jobs

Kenya aims to generate one million jobs within two years through a new initiative establishing Digital Media Factories (DMFs) across the country. Senior Advisor in the Council of Economic Advisors, Moses Kuria, launch…

Feb 26, 2025
Kenya Considers Tourism Over Manufacturing as Key Economic Driver
Business

Kenya Considers Tourism Over Manufacturing as Key Economic Driver

As Kenya grapples with sluggish growth in its manufacturing sector and explores ways to diversify its economic drivers, tourism has emerged as a promising alternative, garnering support from economic experts and indus…

Feb 24, 2025
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Kenya's Avocado Boom Creates Wave of Rural Millionaires
Business

Kenya's Avocado Boom Creates Wave of Rural Millionaires

Kenya’s avocado industry is experiencing rapid growth, transforming the economic landscape for smallholder farmers as global demand for the fruit surges. In 2024, avocado exports generated $159 million in revenue, an…

Feb 22, 2025
Nairobi Firm Fined Sh450,000 for Using Lecturer's Data in CBK Tender Bid
Business

Nairobi Firm Fined Sh450,000 for Using Lecturer's Data in CBK Tender Bid

Geosky Services Limited, a property valuation firm based in Nairobi, has been ordered to pay KSh 450,000 in damages for the unauthorized use of a lecturer’s personal data. The ruling was issued by Data Commissioner Im…

Feb 19, 2025
JKIA Records 1.5M International Arrivals, Government Approves Upgrades
Business

JKIA Records 1.5M International Arrivals, Government Approves Upgrades

Jomo Kenyatta International Airport (JKIA) is solidifying its status as a leading aviation hub, with international passenger arrivals rising by 1.9% in 2024 compared to the previous year, according to the Kenya Nation…

Feb 18, 2025
Kenya Raises Duty-Free Limit to Sh250,000, Announces Major JKIA Airport Upgrades
Business

Kenya Raises Duty-Free Limit to Sh250,000, Announces Major JKIA Airport Upgrades

The Kenyan Cabinet has approved a new duty-free import policy that raises the limit for visitors from Sh50,000 to Sh250,000. This fivefold increase aims to alleviate conflicts between travellers and port authorities…

Feb 12, 2025
Kenyan Treasury Eyes Animal Transport to Cut Government Spending
Business

Kenyan Treasury Eyes Animal Transport to Cut Government Spending

The Kenyan government has introduced a bold strategy in response to soaring fuel costs, which have escalated to Sh14.3 billion. As part of its 2024 draft policy, the administration is exploring the adoption of alterna…

Feb 6, 2025
Only 2% of Kenyans Drive to Work, 73% Walk
Business

Only 2% of Kenyans Drive to Work, 73% Walk

A recent report has revealed that a mere two percent of the workforce relies on private cars for travel to work. In urban areas, six percent of workers opt for private vehicles, compared to just 1.4 percent in rural r…

Jan 27, 2025
Central Bank of Kenya Leads Development of Instant Money Transfer Network
Business

Central Bank of Kenya Leads Development of Instant Money Transfer Network

The government of Kenya is fast-tracking the development of a Fast-Payment System (FPS) designed to facilitate instant money transfers between banks and non-bank providers. This initiative, led by the Central Bank of…

Jan 21, 2025
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KRA Announces Triple Tax Rate Reduction on Employee Benefits
Business

KRA Announces Triple Tax Rate Reduction on Employee Benefits

On Friday, January 17, the Kenya Revenue Authority (KRA) unveiled substantial reductions in tax rates concerning fringe benefits, deemed interest, and low-interest benefits. This move aims to alleviate the financial b…

Jan 17, 2025
Kenyan Watchdog Exposes Major Money Laundering Risks in Real Estate, Casino
Business

Kenyan Watchdog Exposes Major Money Laundering Risks in Real Estate, Casino

Kenya's Financial Reporting Centre (FRC) has announced significant non-compliance with anti-money laundering (AML) measures among numerous real estate agencies and casinos in the country. This finding follows a compre…

Jan 15, 2025
School Dropout Builds Thriving Pigeon Empire in Kenya, Attracts International Filmmakers
Business

School Dropout Builds Thriving Pigeon Empire in Kenya, Attracts International Filmmakers

Mahmoud Shaban, a former high school dropout from Kenya, has transformed his life through poultry farming. His journey began in 2017 when he partnered with a local chicken farmer, initially engaging in commission-base…

Jan 14, 2025
EPRA Increases Fuel Prices Amid Economic Pressures
Business

EPRA Increases Fuel Prices Amid Economic Pressures

The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices effective January 15, 2025, responding to ongoing economic challenges in Kenya. The new prices will see Super Petrol rise b…

Jan 14, 2025
Mombasa's Sh1.4B Cruise Terminal Struggles with Low Ship Arrivals
Business

Mombasa's Sh1.4B Cruise Terminal Struggles with Low Ship Arrivals

Three years after the inauguration of its modern cruise terminal, the Port of Mombasa, Kenya, has not achieved its ambitious goal of becoming a leading cruise destination in the region. The facility, which boasts a lo…

Jan 9, 2025
Kenya Set to Introduce GMO Maize After Public Consultation Period
Business

Kenya Set to Introduce GMO Maize After Public Consultation Period

The National Biosafety Authority (NBA) has completed a month-long public consultation regarding the potential market introduction of Genetically Modified (GM) maize, specifically known as BT Maize. This consultation…

Jan 6, 2025
Proposed Petroleum Regulations Threaten Higher Cooking Gas Prices in Kenya
Business

Proposed Petroleum Regulations Threaten Higher Cooking Gas Prices in Kenya

Stakeholders in Kenya's Liquified Petroleum Gas (LPG) sector are expressing alarm over potential price increases as the government pushes for a regulatory overhaul aimed at enhancing industry standards and safety. The…

Jan 3, 2025
Holiday Season Brings Contrasting Fortunes for Businesses
Business

Holiday Season Brings Contrasting Fortunes for Businesses

As the festive season approaches, businesses in Nyeri are experiencing a range of sentiments. While many traders anticipate increased consumer spending typical of the holiday season, others prepare for potential finan…

Dec 26, 2024
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