Economy

The Energy and Petroleum Regulatory Authority (EPRA) has announced a significant increase in fuel prices in its latest monthly review, citing rising global oil prices and higher landed costs. Effective …

The Ministry of Agriculture has officially launched an Internal Audit Committee aimed at enhancing transparency, accountability, and prudent financial management within the sector. Agriculture Cabinet Secretary Mithika Linturi presided over …

KEPSA has stated that there is a need for "significant reform within Kenya's banking sector," including reducing the number of banks from the current 38 to around 15. This consolidation, …

The Kenya Revenue Authority (KRA) has announced that a new Current Retail Selling Price (CRSP) schedule for used motor vehicles will take effect from July 1, 2025. In a notice, …

Is finally a relief to Kenya after the Susan Thompson Buffett Foundation, a charity based firm chaired and founded by Warren Buffett, sets to finance the 2025/26 Kenyan budget with …

Doanh Chau, Vietnam Gas boss has expressed his dissatisfaction in President William Ruto's talks and administration, terming them as polished speeches with zero execution. After meeting with President Ruto and …

President William Ruto has sealed seven major investment deals valued at around Ksh 123 billion (US$949 million) during his ongoing state visit to China. The agreements were signed on Wednesday …

A fresh storm has erupted over media freedom in Kenya after the government moved to cancel broadcasting licences belonging to the Standard Group. The Communications Authority of Kenya (CA), in …

Kenya’s textile manufacturers could be among the unexpected beneficiaries of recent tariff changes by the United States government, as new import taxes on several Asian exporters create space for alternative …

Kenya and other IGAD member states have been urged to fast-track systemic reforms in agriculture to meet the Malabo Declaration targets by 2025. This follows the release of the Fourth …

A report by the Digital Financial Services Association of Kenya (DFSAK) reveals that Kenyans borrow Ksh 500 million daily through digital lending platforms, totaling Ksh 15 billion per month. Over …

Kenyan households are feeling the strain as maize prices hit record highs amid a worsening shortage. A 90kg bag of maize is now selling for up to Ksh 7,000, a …

According to the Standard & Poor's Agency, missed disbursements from the International Monetary Fund complicate the Kenyan government's strategy of lowering its debt-servicing costs and could delay other funding. "Since …

Kenya Power has announced a planned electricity outage across seven counties on Tuesday, citing the need for system maintenance. The affected counties include Nairobi, Nandi, Elgeyo Marakwet, Trans Nzoia, Kisumu, …

An alarming number of M-Kopa clients are raising concerns in regards to a disturbing trend.It is said that phones purchased through the company’s financing plan allegedly becoming unusable shortly after …

Ethiopia issued its first investment banking licenses to two local companies, the latest effort by the government of Prime Minister Abiy Ahmed to open up the economy of more than …

The government has introduced tough new rules for SACCOs after uncovering financial mismanagement at the Kenya Union of Savings and Credit Co-operatives (KUSCCO). Commissioner of Cooperatives David K. K. Obonyo …

Treasury CS John Mbadi identified procurement procedures as one of the main areas where the government was losing money. The CS also identified budgeted corruption as another avenue for looting …

Botswana's government on Tuesday signed a long-delayed 10-year diamonds sales agreement with Anglo American (AAL.L) unit De Beers adding a possible extension period of five more years to the provisional …

Auditor-General Nancy Gathungu has flagged discrepancies in government agency records, revealing at least Ksh. 144 million in unaccounted taxpayer funds collected through the e-Citizen platform, sparking concerns of possible embezzlement. …

The Nairobi County Government is now considering enacting a long-overdue zoning policy that may allow buildings in the Central Business District (CBD), Upper Hill, and other key commercial areas to …

Lands and Housing Cabinet Secretary Alice Wahome says Kenyans still need to pay to acquire homes under the government’s affordable housing project even if they have been contributing the housing …

The new record for electricity consumption is 12 megawatts higher than the previous peak recorded on January 15, 2025. Kenya Power and Lighting Company (KPLC) has announced that the electricity …

Kenya Power has announced a delay in delivering tokens purchased through its M-Pesa PayBill number 888880. In a statement on Saturday, the power company did not provide an explanation for …

Kenyans have openly shown their frustrations following the government’s proposal to introduce new taxes on all cars through insurance premiums and carbon emissions. According to reports, the move is aimed …

The government has revived its plan to introduce tolling on major roads; a game changer that will impact the country's economic development. This is through the draft Roads Tolling Policy …

The Kenya Union of Savings & Credit Co-operatives Ltd (Kuscco) is facing a crisis after losing billions of shillings, putting Sh. 13.3 billion belonging to 247 deposit-taking Saccos at risk. …

The Kenya Revenue Authority (KRA) is inviting the public, professionals, and stakeholders to submit their feedback on two draft tax regulations. These regulations propose amendments to the Tax Procedures for …

Water Cabinet Secretary Eric Muuga has revealed that his ministry would require an estimated Kshs. 995 billion to ensure each Kenyan has an access to water. Muuga noted that his …