BUSINESS NEWS

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…

The Kenyan government has proposed eliminating excise duties on imported eggs, onions, and potatoes through the Finance Bill, 2025. This policy shift is aimed at alleviating consumer burden and resolving regional trade disputes. The move seeks to nullify the 25% tax imposed in 2023, which has…

President William Ruto has announced a sweeping set of labour reforms aimed at easing financial burdens for Kenyan workers and retirees.The announcement, made during the 60th Labour Day celebrations at Uhuru Gardens, detailed tax exemptions on pension and gratuity payments, adjustments to the Pay…

Kenya's Cabinet has pledged reduced taxes for the upcoming fiscal year to alleviate public concerns amid anticipation of the Finance Bill 2025, which remains closely guarded. Despite National Assembly Speaker Moses Wetang’ula’s confirmation of receiving the bill from the National Treasury…

Kenyan authorities have escalated their efforts to regulate the burgeoning gambling industry, targeting unregulated betting operations and tightening oversight over licensed firms. The Betting Control and Licensing Board (BCLB) has identified 58 betting websites allegedly engaged in illegal…