BUSINESS NEWS

Kenya has been granted an extension by the East African Community (EAC) Council of Ministers to continue importing wheat and rice at preferential duty rates, a move announced by Treasury Cabinet Secretary John Mbadi during the 2025 Budget Speech.  This decision allows millers to import wheat…

Treasury Cabinet Secretary John Mbadi is scheduled to address Parliament this afternoon, unveiling the government's budget estimates and revenue-raising strategies for the 2025/2026 financial year.  Mbadi, a seasoned politician with 15 years of legislative experience, now transitions into his…

 Nyahururu, once a quaint stopover celebrated for its waterfalls and highland climate, is undergoing a significant transformation into a thriving economic and lifestyle destination.  Driven by strategic investments and evolving tourism trends, the town is shedding its transient image and…

Kenya's Money Market Funds (MMFs) continue to hold a commanding position within the country's collective investment schemes, according to the latest quarterly report from the Capital Markets Authority (CMA).  The report, released this week, highlights the significant asset allocation trends…

As Kenya advances toward the implementation of the Finance Bill 2025, stakeholders across various sectors are vehemently opposing its proposed tax reforms, cautioning against potentially severe repercussions for businesses, households, and the overall economy.  The Finance and National…

With the African Growth and Opportunity Act (AGOA) set to expire in September 2025, Kenya's textile industry is bracing for potential economic repercussions.  The trade pact, which grants duty-free access to US markets for eligible African nations, has been pivotal in driving Kenya's export-…

As the world marks International Tea Day, Kenya's tea industry is undergoing significant reforms aimed at securing better earnings for farmers and fortifying the nation's position in the competitive global market.  The focus is on addressing long-standing issues within the tea value chain,…

Despite government efforts to alleviate the financial burden on consumers through various tax reliefs and financial incentives, businesses in key sectors across Kenya are largely absorbing these benefits, resulting in persistent price rigidity.  This situation is causing increasing frustration…

Kenyan motorists and businesses are facing unprecedented fuel costs as taxes and levies on petrol now exceed the actual cost of the product itself.  The latest pricing schedule from the country's energy regulator reveals a concerning trend: government-imposed charges now outweigh the base cost…

The Kenyan government is navigating a delicate balance with its proposed Finance Bill 2025, a legislative package designed to bolster state revenue while striving to avoid the public backlash that engulfed its predecessor.  Presented as a more calibrated approach than the controversial Finance…