Showing posts with the label BusinessShow All
Trump Administration to Receive Ksh1.3 Trillion for US TikTok Deal
The Trump administration is set to receive Ksh1.3 trillion from investors involved in a deal to create a US-controlled version of the social media platform Tik…
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BAT Kenya Announces Major Leadership Changes as Achola and Kipkemoi Exit
British American Tobacco Kenya (BAT Kenya) has announced a major leadership transition involving the departure of two senior executives and the appointment of …
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How US-Israel strikes on Iran threaten the Strait of Hormuz and global oil markets
Escalating military confrontation between the United States, Israel and Iran has placed the Strait of Hormuz at the centre of global economic anxiety, with ana…
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Treasury Unveils Tough Measures to Rein In Rogue Digital Lenders
The National Treasury has announced a fresh crackdown on rogue digital lenders as the government moves to tighten oversight in Kenya’s fast-growing credit mark…
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COMESA Launches Probe into Meta Over WhatsApp AI Restrictions
The COMESA Competition and Consumer Commission (CCPC) has officially opened an investigation into Meta Platforms Ireland Limited over alleged abuse of market d…
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China Moves to Redraw Global Trade Map as Trump Tariffs Backfire
China is positioning itself to reshape global trade in ways that could shield its $19 trillion economy from U.S. pressure long after the presidency of Donald T…
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Govt Proposes Two-Pot Pension System Allowing Early Access to Savings
The government is planning sweeping changes to Kenya’s retirement savings framework that could allow workers to access part of their pension before retirement …
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Uganda Explores Tanzania Pipeline to Diversify Fuel Import and Export Routes
Uganda has entered advanced discussions with Tanzania to develop a pipeline for transporting refined petroleum products, a move aimed at strengthening regional…
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Safaricom clarifies new M-Pesa verification step after user complaints
Safaricom has moved to explain a recently introduced M-Pesa verification feature after customers raised concerns over an additional confirmation step when send…
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Gold, Silver Slide Sharply After Sudden End to Record-Breaking Rally
Gold and silver prices continued to tumble on Monday after a dramatic reversal wiped out part of the gains that had driven precious metals to historic highs in…
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Treasury to Fully Automate External Debt Payments From February 2026
The National Treasury has announced that Kenya will fully transition to an automated external debt payment system starting February 2026, a move aimed at stren…
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Inside State’s Tough New Plan to Scrap Contracts for Stalled Projects
The government has unveiled a hardline strategy aimed at ending the culture of stalled infrastructure projects, warning contractors that prolonged delays will …
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CBK Reopens 15- and 25-Year Treasury Bonds in Ksh50 Billion Borrowing Drive
The Central Bank of Kenya (CBK) has invited investors to submit bids for the reopening of two long-term Treasury bonds as the government seeks to raise Ksh50 b…
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Treasury Plans Sale of 15% Safaricom Stake to Vodacom in Major Capital Raise
The National Treasury has initiated plans to sell a 15 per cent stake in Safaricom PLC to the Vodacom Group in a move aimed at mobilising development financing…
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Inside SACCOs’ Push for Tax Reforms to Boost Lending and Protect Member Savings
Savings and Credit Cooperative Societies (SACCOs) could soon enjoy tax relief that may lower the cost of borrowing for millions of Kenyans, following fresh ref…
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AFCON 2025: Continental Heavyweights Set for High-Stakes Semi-Final Showdowns
Africa’s football heavyweights are set for decisive battles as the 2025 Africa Cup of Nations enters its semi-final stage, with eight of the continent’s most d…
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Kenya Exits COMESA Sugar Safeguard After 24 Years as Focus Shifts to Regional Competitiveness
Kenya has formally exited the Common Market for Eastern and Southern Africa (COMESA) Sugar Safeguard regime after 24 years, marking a significant policy shift …
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Wamuchomba faults KQ over costly cargo charges, shrinking exports
Githunguri Member of Parliament Gathoni Wamuchomba has raised concerns over Kenya Airways’ handling of export cargo, warning that high charges and limited capa…
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CBK Licenses 42 More Digital Lenders as Kenya Cracks Down on Predatory Lending
The Central Bank of Kenya (CBK) has licensed 42 additional digital credit providers (DCPs), bringing the total number of approved digital lenders in the countr…
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Treasury Touts Faster Customs Reforms as Kenya Sharpens Its Edge as Regional Trade Hub
Kenya’s push to become a leading regional trade hub is gaining momentum, with the National Treasury saying ongoing customs clearance reforms are cutting border…
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