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Business

Mombasa Port Reports 300% Surge in Transhipment Activity
Business

Mombasa Port Reports 300% Surge in Transhipment Activity

The Mombasa Port is currently witnessing a substantial surge in vessel traffic, reported by the Kenya Ports Authority (KPA) to have increased transhipment activity by an impressive 300%. This remarkable uptick in mari…

Dec 19, 2024
NEMA Implements Strict Regulations to Phase Out Ozone-Depleting Refrigerants
Business

NEMA Implements Strict Regulations to Phase Out Ozone-Depleting Refrigerants

Beginning January 2026, Kenya will cease imports of hydrochlorofluorocarbons (HCFCs) refrigerants, as mandated by the National Environment Management Authority (NEMA). This action aligns with the commitments establish…

Dec 18, 2024
EPRA Slashes Fuel Prices by Sh4.37 per Litre Ahead of Festive Season in Kenya
Business

EPRA Slashes Fuel Prices by Sh4.37 per Litre Ahead of Festive Season in Kenya

The Energy and Petroleum Regulatory Authority (EPRA) has announced a notable reduction in fuel prices in a strategic move to alleviate the financial burden on Kenyans during the festive season. This adjustment comes a…

Dec 15, 2024
Travel Agents Challenge 16% VAT on Air Tickets, Argue Travel is No Longer a Luxury in Kenya
Business

Travel Agents Challenge 16% VAT on Air Tickets, Argue Travel is No Longer a Luxury in Kenya

The Kenya Association of Travel Agents (KATA) has launched a petition in response to the proposed 16 per cent Value Added Tax (VAT) on select air services, including air tickets issued by travel agents. KATA's leaders…

Dec 9, 2024
Kendu Bay Town Welcomes First Bank Branch After Century of Waiting
Business

Kendu Bay Town Welcomes First Bank Branch After Century of Waiting

Kendu Bay, a historic trading centre in Homa Bay County, is set to undergo an economic transition with the upcoming opening of the first bank branch in the town, Kenya Commercial Bank (KCB). The grand opening, schedul…

Dec 9, 2024
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How Kenyan Hackers are Dismantling M-KOPA's Digital Financing Model
Business

How Kenyan Hackers are Dismantling M-KOPA's Digital Financing Model

Kenya’s mobile financing sector is currently grappling with challenges as it seeks to broaden digital inclusion. Despite notable advancements in providing low-income earners access to essential tools, particularly sma…

Dec 6, 2024
Kenya's Parliament Proposes eTIMS Exemption for Small Businesses
Business

Kenya's Parliament Proposes eTIMS Exemption for Small Businesses

Kenya's National Assembly Finance Committee has recommended exempting small businesses from the Kenya Revenue Authority's (KRA) electronic tax invoice management system (eTIMS). This proposal, which aims to ease the c…

Dec 5, 2024
Kenyan MPs Recommend Full Investigation of Energy Sector Irregularities
Business

Kenyan MPs Recommend Full Investigation of Energy Sector Irregularities

The National Assembly's Departmental Committee on Energy has recommended a thorough investigation into Kenya's energy sector. The move highlights excessive electricity costs that have hindered investment and exacerbat…

Dec 3, 2024
Kenya's Aviation Sector Calls for Global Standard Tax Policies
Business

Kenya's Aviation Sector Calls for Global Standard Tax Policies

The Kenyan aviation industry is facing a risk to its position as the leading air transport hub in Africa due to the reintroduction of the Value Added Tax (VAT). The Kenya Association of Air Operators (KAAO) has mounte…

Nov 29, 2024
How Cloud Seeding Saves Billions in Naivasha Flower Industry
Business

How Cloud Seeding Saves Billions in Naivasha Flower Industry

Farmers in Naivasha have implemented innovative methods to overcome the issues caused by unfavorable weather conditions on their crops. The region's vulnerability to short rains and severe hailstorms poses serious cha…

Nov 26, 2024
Kenya Welcomes Google's Massive Sh116bn Digital Transformation
Business

Kenya Welcomes Google's Massive Sh116bn Digital Transformation

A comprehensive report by Google reveals that the company's digital services generated approximately $900 million in economic value for Kenya in 2023. The analysis highlights the significant contributions of various G…

Nov 26, 2024
COMESA Report: Kenyans Charged 21% Above Fair Price for Cooking Oil
Business

COMESA Report: Kenyans Charged 21% Above Fair Price for Cooking Oil

The report from the Common Market for Eastern and Southern Africa (COMESA) reveals that cooking oil companies in Kenya overcharged customers by 21% between July 2021 and December 2022. The COMESA Competition Commissio…

Nov 24, 2024
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Court Blocks Safaricom's Bonga Points Expiry Plan, Upholds Consumer Rights
Business

Court Blocks Safaricom's Bonga Points Expiry Plan, Upholds Consumer Rights

The High Court of Kenya has invalidated Safaricom's attempt to impose expiration dates on its Bonga Points loyalty program. The October 2022 directive, which would have affected points accumulated before December 31…

Nov 22, 2024
CBK Introduces Updated Banknotes with Advanced Security Features
Business

CBK Introduces Updated Banknotes with Advanced Security Features

The Central Bank of Kenya (CBK) has announced that the release of updated banknotes for smaller denominations is underway. In an official statement dated November 20, the bank confirms the introduction of new 50, 100…

Nov 20, 2024
Mwaura: 105,367 Kenyans Have Secured Jobs Abroad
Business

Mwaura: 105,367 Kenyans Have Secured Jobs Abroad

Government spokesperson Isaac Mwaura has stated that over 105,000 Kenyans have obtained job opportunities abroad in countries like the United Kingdom, Canada, Australia, Saudi Arabia, and Bahrain. The Kenyan governmen…

Nov 18, 2024
Kenyan Shilling Experiences Modest Decline After US Election
Business

Kenyan Shilling Experiences Modest Decline After US Election

The Kenyan shilling experienced a modest decline against the US dollar on Wednesday, November 13, marking its first downturn in several weeks. Trading figures showed the shilling at 129.00/129.30 against the dollar, r…

Nov 14, 2024
Kenyan Government Proposes Controversial 15% Tax on Social Media and Internet Services
Business

Kenyan Government Proposes Controversial 15% Tax on Social Media and Internet Services

The Kenyan government has proposed a 15% tax on social media and internet services, which could significantly impact businesses and individuals engaged in online activities. The draft proposal, published by the Nation…

Nov 14, 2024
Kenyan Company Wins Prestigious Earthshot Prize for Innovative Waste-Reduction Solutions
Business

Kenyan Company Wins Prestigious Earthshot Prize for Innovative Waste-Reduction Solutions

Kenyan company Keep IT Cool has been awarded the top prize in the 'Build a Waste-Free World' category at the prestigious Earthshot Prize ceremony held in Cape Town, South Africa. Emerging victorious from a pool of 15…

Nov 7, 2024
Safaricom Solidifies Position in Ethiopia, Reaches 52 Million Customers Nationwide
Business

Safaricom Solidifies Position in Ethiopia, Reaches 52 Million Customers Nationwide

Kenya's telco, Safaricom now serves 46% of Ethiopia's population, just two years after entering the market. The telco has since reached at least 52 million of the country's 112 million people. This milestone achieveme…

Nov 7, 2024
KRA Takes Aim at Nil Tax Returns and Visitors in Aggressive Tax Compliance Drive
Business

KRA Takes Aim at Nil Tax Returns and Visitors in Aggressive Tax Compliance Drive

The Kenyan government is taking steps to enhance tax compliance and boost revenue collection by expanding the mandatory use of Personal Identification Numbers (PINs) for various government services. This move aims to…

Nov 6, 2024
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