BUSINESS NEWS
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On Friday, January 17, the Kenya Revenue Authority (KRA) unveiled substantial reductions in tax rates concerning fringe benefits, deemed interest, and low-interest benefits.
This move aims to alleviate the financial burden on employees while recalibrating the tax landscape in Kenya. The KRA has…
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Kenya's Financial Reporting Centre (FRC) has announced significant non-compliance with anti-money laundering (AML) measures among numerous real estate agencies and casinos in the country.
This finding follows a comprehensive risk profiling exercise conducted in 2023, which assessed 80 real estate…
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Mahmoud Shaban, a former high school dropout from Kenya, has transformed his life through poultry farming.
His journey began in 2017 when he partnered with a local chicken farmer, initially engaging in commission-based sales aimed at high-end hotel clientele. This venture gradually evolved into a…
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The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices effective January 15, 2025, responding to ongoing economic challenges in Kenya.
The new prices will see Super Petrol rise by Ksh 0.29, Diesel by Ksh 2.00, and Kerosene by Ksh 3.00 per litre, bringing the…
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Three years after the inauguration of its modern cruise terminal, the Port of Mombasa, Kenya, has not achieved its ambitious goal of becoming a leading cruise destination in the region.
The facility, which boasts a lobby with a capacity for 2,000 passengers, shops, a restaurant, and a conference…
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The National Biosafety Authority (NBA) has completed a month-long public consultation regarding the potential market introduction of Genetically Modified (GM) maize, specifically known as BT Maize.
This consultation, initiated in mid-December after an official notice on December 6, 2024, gathered…
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Stakeholders in Kenya's Liquified Petroleum Gas (LPG) sector are expressing alarm over potential price increases as the government pushes for a regulatory overhaul aimed at enhancing industry standards and safety.
The proposed Petroleum Regulations 2024 require LPG operators to obtain separate…
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As the festive season approaches, businesses in Nyeri are experiencing a range of sentiments.
While many traders anticipate increased consumer spending typical of the holiday season, others prepare for potential financial downturns. Some local business operators view the holiday as a lucrative…
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The Mombasa Port is currently witnessing a substantial surge in vessel traffic, reported by the Kenya Ports Authority (KPA) to have increased transhipment activity by an impressive 300%.
This remarkable uptick in maritime operations is influenced by several key factors, including governmental…
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Beginning January 2026, Kenya will cease imports of hydrochlorofluorocarbons (HCFCs) refrigerants, as mandated by the National Environment Management Authority (NEMA).
This action aligns with the commitments established under the Montreal Protocol, which seeks to phase out substances harmful to the…
