BUSINESS NEWS

Nairobi will introduce higher service charges from July 2025 after the county assembly approved a new five-year tariff framework. The policy, which will run from 2025 to 2030, replaces the long-standing system of by-laws and annual Finance Acts by linking fees directly to the cost of providing…

Maize prices in Kenya are climbing, putting pressure on the government’s promise to keep flour affordable for households. The Ministry of Agriculture has acknowledged potential supply challenges, citing increasing competition between animal feed producers and maize millers for grain intended for…

Tad Motors has unveiled its first five locally assembled electric vehicles in Kenya, marking the start of commercial sales planned for January 2026. Kenya’s electric vehicle industry has gained momentum with the formal entry of Tad Motors, founded by Ethiopian-born Dutch entrepreneur Tadesse…

State House more than doubled its approved spending in the first three months of the financial year, new Treasury data shows. The figures indicate that State House disbursed Sh4.32 billion between July and September against a quarterly limit of Sh1.92 billion, exceeding its ceiling by 125 per cent…

Avocado prices in Kisumu have risen to record levels, with consumers now paying between Sh50 and Sh80 per fruit amid a sharp drop in supply and declining quality. Consumers across Kisumu County are struggling with the sudden surge, which has made a once-affordable household staple significantly…

Safaricom has signed a new agreement to resell Starlink’s satellite equipment and services. For the past two years, Safaricom had been one of Starlink’s strongest opponents in Kenya. It warned regulators about possible risks to national security and interference with mobile networks, and even…

The Kenya Revenue Authority (KRA) has introduced stricter rules for obtaining a Tax Compliance Certificate (TCC), requiring applicants to meet new digital invoicing and tax compliance standards. Under the revised framework, all non-individual entities and individuals with income beyond salaries…

Gold prices have climbed to a record high of US$4,100 (around Sh529,720) per ounce, marking the sharpest increase in the metal’s value in modern trading history. The surge, which has pushed prices up by more than 50 per cent in 2025, reflects major shifts in global investment patterns and economic…

Kenya has enacted the Privatisation Act, 2025, paving the way for the sale of government stakes in key State-owned enterprises, with the Kenya Pipeline Company (KPC) set to lead the programme. The new law, signed by President William Ruto on 15 October, replaces the Privatisation Act of 2005 and…

The Kenyan government has introduced new regulations allowing private firms to offer their liquefied petroleum gas (LPG) terminals for common use under an Open Tender System (OTS) to import cooking gas. The Energy and Petroleum Regulatory Authority (Epra) confirmed that the Petroleum (Operation of…