BUSINESS NEWS

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…

The Nairobi County government has ordered the immediate closure of all Naivas Supermarket locations within the county, citing significant food safety violations.  The unprecedented directive, effective Wednesday, May 14, follows a Nairobi County Health Committee inspection that revealed the…

Kenya's High Net Worth Individuals (HNWIs) are increasingly channeling their wealth into passion-driven acquisitions like fine art and luxury goods, signaling a shift from traditional investment strategies, according to the 2024 Knight Frank Wealth Report.  Fine art has emerged as a…

Multinational oil companies operating in Kenya are under increasing scrutiny for allegedly maintaining high retail prices of liquefied petroleum gas (LPG), despite significant drops in wholesale costs and tax exemptions introduced by the government to promote cleaner cooking fuel adoption. …

Kenya's economic growth is under strain, with recent data revealing a significant deceleration in job creation.   This raises concerns about the country's ability to address unemployment and foster sustainable economic opportunities. The latest figures from the Kenya National Bureau of…

The long-awaited Nairobi-Mombasa Expressway, a project poised to drastically reduce travel time between Kenya's capital and its coastal hub, is nearing commencement, but questions regarding its affordability for average Kenyans are escalating as projected toll fees become clearer.    The…

As Kenya grapples with significant reductions in US foreign aid, billionaire investor Warren Buffett's Susan Thompson Buffett Foundation has committed Ksh3.8 billion to the State Department of Medical Services. This infusion of funds aims to mitigate the impact of decreased support from the…