BUSINESS NEWS

China remains Kenya's primary source of imports despite efforts by President William Ruto to strengthen ties with Western nations. This is according to recent data from the Kenya National Bureau of Statistics (KNBS). The trade figures for the first quarter of 2024 highlight Kenya's continued…

The tourism industry in Kenya has experienced significant growth in recent years. Despite the setbacks caused by the COVID-19 pandemic, the sector has made a strong comeback drawing millions of visitors and substantially increasing foreign exchange earnings. Kenya's tourism sector achieved…

In today's interconnected world, protecting personal information has become crucial. Kenya faces growing challenges in safeguarding consumer data and preventing fraudulent schemes. The TransUnion 2024 State of Omnichannel Fraud Report reveals that fraud reached unprecedented levels in 2023.…

Electric mobility firm MojaEV Kenya on June 28, inaugurated its flagship showroom in Nairobi. As the exclusive distributor of Neta Electric Vehicles in Africa, MojaEV aims to transform Kenya's transport sector by promoting eco-friendly solutions. The launch is timely, coinciding with ongoing global…

As of June 26, approximately six million Kenyans had successfully filed their tax returns representing a 20% increase compared to the same period in the previous year. However, around three million taxpayers have yet to submit their returns, leaving them exposed to potential penalties from the…

Jomo Kenyatta International Airport (JKIA) is set to undergo a substantial expansion including the addition of a new terminal designed to accommodate an impressive 20 million travelers annually. This development marks a significant milestone in Kenya's aviation sector and promises far-reaching…

On February 21, 2024, Nakuru County initiated the budgeting process for the forthcoming financial year and awarded a contract to Taigon Enterprises Ltd for the renovation of their headquarters. Reports indicate that Taigon Enterprises could have received Sh950,000 for the job, however, this plan…

Family Bank Board of Directors has announced the death of their recently chosen chairperson, Francis Gitau Mungai. Mungai's association with Family Bank dates back to 1996 when he first supported the bank as a loyal customer and a professional architect. Mungai initially served as the vice chairman…

President William Ruto's administration has demonstrated responsiveness to public sentiment by revising several contentious tax proposals outlined in the initial Finance Bill 2024. The revisions announced at State House Nairobi signify a victory for various stakeholders, including bread consumers,…

The Kenyan Shilling has earned accolades as the region's top-performing currency. This financial resurgence follows a remarkable 15-month growth streak that has seen the Shilling ascend to historic levels against the US Dollar, a feat widely acclaimed by esteemed institutions such as Business…