Showing posts with the label BusinessShow All
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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Kenya and Ethiopia Pledge Support for Safaricom and Ethiotel Strategic Investments
Kenya and Ethiopia have reaffirmed their commitment to supporting strategic joint investments between Kenya’s Safaricom and Ethiopia’s state-owned Ethiotel, fo…
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Nearly Half of Kenya’s Revenue Goes to Debt Repayment – Treasury PS Kiptoo
Treasury Principal Secretary Chris Kiptoo has revealed that Kenya is spending almost half of its ordinary revenue on servicing public debt, raising concerns …
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KRA Orders Fuel Stations to Issue eTIMS Receipts from December 31
The Kenya Revenue Authority (KRA) has directed all fuel stations across the country to begin issuing eTIMS-compliant receipts starting December 31, 2025, as pa…
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Justina Wamae Links Diageo Exit to High Costs, Counterfeits and Heavy Taxes
Former 2022 deputy presidential candidate Justina Wamae has weighed in on British multinational Diageo’s decision to exit Kenya’s alcohol manufacturing space, …
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NSE pauses EABL share trading after major shareholder announcement
Trading of East African Breweries Limited (EABL) shares was temporarily stopped on Wednesday after the Nairobi Securities Exchange (NSE) raised concerns over t…
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Ruto Questions Cement Imports as Kenya Sits on Abundant Limestone
President William Ruto has challenged Kenya’s cement industry to reduce dependence on imports, highlighting the country’s rich limestone reserves that can sust…
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EPRA keeps fuel prices steady for December–January pricing window
Motorists across Kenya will continue paying the same prices for fuel after the Energy and Petroleum Regulatory Authority (EPRA) announced unchanged pump rates …
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CBK Cuts Policy Rate as Shilling Holds Steady
The Central Bank of Kenya (CBK) has reduced the Central Bank Rate (CBR) by 25 basis points, lowering it from 9.25 percent to 9.00 percent. The move, announced…
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Govt Reveals Next Move After Court Halts Controversial Ksh 200B Kenya-US Health Deal
The government has announced that it will make public all documents related to the Kenya–United States health partnership after the High Court temp…
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Equity Bank Lowers Loan Prices After CBK Cuts Key Lending Rate
Equity Bank has announced new, lower loan prices following the Central Bank of Kenya’s (CBK) decision to reduce the Central Bank Rate (CBR) from 9.25% to 9%. …
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Salasya Opposes Planned Sale of Government Shares in Safaricom
Mumias East Member of Parliament Peter Kalerwa Salasya has again taken a strong stand against a government plan to sell part of its ownership stake in Safarico…
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Wamuchomba Says Kenya Must Fix Tea Sector Before Dreaming of Becoming the ‘Singapore of Africa’
Githunguri Member of Parliament Gathoni Wamuchomba has cast doubt on Kenya’s long-standing ambition of becoming an economic powerhouse similar to Singapore, ar…
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Irungu Nyakera Criticizes Government’s Safaricom Stake Sale
The Kenyan government’s plan to sell a 15 per cent stake in Safaricom to Vodacom has sparked a public debate, with concerns about long-term national interests.…
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Kenya Steps Into a New Digital Era as Gov’t Takes Over National Farming Data System
Kenya has moved closer to achieving a fully digitised agriculture sector after the Food and Agriculture Organization (FAO) officially handed over the Kenya Int…
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Olekina Says IMF Policies Could Slow Down Africa’s Economic Progress
Narok Senator Ledama Olekina has raised fresh concerns about the role of the International Monetary Fund (IMF) in shaping Kenya’s economy, warning that some of…
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Lifting of PPA Moratorium Set to Boost Kenya’s Investment Climate, Says CS Lee Kinyanjui
Nairobi, Kenya — Cabinet Secretary for Investments, Trade and Industry Lee Kinyanjui has hailed the lifting of the seven-year moratorium on Power Purchase Agre…
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Wetang’ula, World Bank and IMF Hold High-Level Talks on Kenya’s Economic Transformation
National Assembly Speaker Moses Wetang’ula on Tuesday led a high-level discussion with representatives from the World Bank and the International Monetary Fund …
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