Economy

President William Ruto has witnessed the signing of the Memorandum of Understanding between the Nairobi International Financial Centre Authority and the Qatar Financial Centre, which aims to attract over USD …

President William Ruto has announced that Kenya is finalizing an ambitious long-term development framework aimed at transforming the country into a developed, first-world economy within the next two to three …

Turkish fashion retailer LC Waikiki Retail Ke Ltd has cited persistent low sales and weak customer turnout as the main reasons behind its decision to terminate a sublease agreement with …

Over the next 25 years, Sub-Saharan Africa is set to experience the most dramatic demographic shift in modern history, as more than 600 million people join its working-age population. This …

Kenya is setting up a sovereign wealth fund and an infrastructure fund, President William Ruto said, to invest in key sectors without embarking on a debt binge that has stretched …

Kenya's inflation crept up marginally to 4.6 percent from a year ago in September, compared to 4.5 percent in August, the Kenya National Bureau of Statistics (KNBS) reported. The Tuesday …

The Energy and Petroleum Regulatory Authority (EPRA) has announced new fuel prices for the August 15 to September 14, 2025 cycle, offering motorists a slight reprieve at the pump. In …

Member states of the Common Market for Eastern and Southern Africa (COMESA) have resolved to phase out the use of manual certificates of origin in a bid to speed up …

Credit rating agency Moody’s has raised concerns over Kenya’s fiscal health, warning that the country’s revenue performance remains structurally weak despite the Kenya Revenue Authority (KRA) collecting Ksh 2.5 trillion …

The Kenya Revenue Authority (KRA) has slashed import duty exemptions on key basic food commodities in a bold move aimed at generating more revenue and sealing tax loopholes. The exemptions—previously …

Treasury Cabinet Secretary John Mbadi has dismissed claims that the government introduced a new Ksh 7 tax on fuel, clarifying that the amount is part of a securitised levy aimed …

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 …