BUSINESS NEWS

Kenya’s credit rating has improved as S&P Global Ratings upgraded the country’s long-term sovereign rating from ‘B-’ to ‘B’.  This revision reflects a reduction in immediate external liquidity pressures, supported by strong economic performance, better monetary management, and increased…

Lamu County, known for its rich Swahili culture and beautiful coastline, is quickly becoming an important industrial centre in East Africa.  This change is driven by major investments in infrastructure, especially the Lamu Port, which is shifting the region’s economy from tourism and fishing…

Kenya’s hospitality sector is showing renewed strength, stabilising after a period of rapid and sometimes unpredictable growth in the wake of the Covid-19 pandemic. Recent analysis indicates that the market is now entering a more sustainable phase, moving closer to pre-pandemic norms and boosting…

Kenya's tourism sector is experiencing a significant boost this August, driven by the coinciding school holidays and the ongoing African Nations Championship (CHAN) tournament.  Hotels across the country are reporting high occupancy rates. Coastal resorts in Mombasa and Diani are currently…

The Trump administration is set to implement significant tariff increases on numerous countries, effective August 7, as part of a sweeping overhaul of US trade policy.  An executive order, signed by President Donald Trump on July 31, introduces new duties ranging from 10 to 41 percent on…

Kenya has formally registered its disapproval of new trade and licensing regulations enacted by Tanzania, warning that these measures jeopardise the principles of East African regional integration and threaten established trade gains.  The Kenyan Ministry of Investments, Trade and Industry…

A recent Pew Research Center survey reveals a notable shift in Kenya’s economic preferences, with China equalling the United States in favourability for the first time.  According to the survey conducted between January and April 2025, approximately half of Kenyan respondents view Beijing as…

Kenyan motorists are experiencing a sharp rise in fuel prices after the government opted to withhold the fuel stabilisation subsidy for the second consecutive month.  This decision, effective until 15 August, has ignited public concern over the escalating cost of living. The latest fuel price…

Kenya's Betting Control and Licensing Board (BCLB) is spearheading sweeping regulatory reforms aimed at tightening control over the country's burgeoning betting industry.  The proposals, which include significantly increased capital thresholds for licensing and stricter advertising standards,…

Kenya Airways has strategically bolstered its presence in the United Kingdom by launching three weekly flights to London Gatwick Airport, supplementing its existing daily service to Heathrow.  The inaugural Gatwick flights, scheduled for Wednesdays, Fridays, and Sundays, are projected to break…