BUSINESS NEWS
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The Energy and Petroleum Regulatory Authority (EPRA) has announced a notable reduction in fuel prices in a strategic move to alleviate the financial burden on Kenyans during the festive season.
This adjustment comes at a crucial moment as many motorists prepare for increased travel during the…
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The Kenya Association of Travel Agents (KATA) has launched a petition in response to the proposed 16 per cent Value Added Tax (VAT) on select air services, including air tickets issued by travel agents.
KATA's leadership, including Chairman Joseph Kithitu and CEO Nicanor Sabula, asserts that this…
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Kendu Bay, a historic trading centre in Homa Bay County, is set to undergo an economic transition with the upcoming opening of the first bank branch in the town, Kenya Commercial Bank (KCB).
The grand opening, scheduled for Monday, marks a critical milestone in a community long characterized by its…
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Kenya’s mobile financing sector is currently grappling with challenges as it seeks to broaden digital inclusion.
Despite notable advancements in providing low-income earners access to essential tools, particularly smartphones through the Buy Now, Pay Later (BNPL) model—which has driven smartphone…
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Kenya's National Assembly Finance Committee has recommended exempting small businesses from the Kenya Revenue Authority's (KRA) electronic tax invoice management system (eTIMS).
This proposal, which aims to ease the compliance burden on businesses with annual sales below Sh5 million, is currently…
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The National Assembly's Departmental Committee on Energy has recommended a thorough investigation into Kenya's energy sector.
The move highlights excessive electricity costs that have hindered investment and exacerbated living conditions for many Kenyans. After compiling a report over 18 months,…
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The Kenyan aviation industry is facing a risk to its position as the leading air transport hub in Africa due to the reintroduction of the Value Added Tax (VAT).
The Kenya Association of Air Operators (KAAO) has mounted a robust defence against this policy shift, arguing that the proposed 16 per…
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Farmers in Naivasha have implemented innovative methods to overcome the issues caused by unfavorable weather conditions on their crops.
The region's vulnerability to short rains and severe hailstorms poses serious challenges for greenhouse-based flower production, compelling farmers to develop…
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A comprehensive report by Google reveals that the company's digital services generated approximately $900 million in economic value for Kenya in 2023.
The analysis highlights the significant contributions of various Google services, including Search, YouTube, Google Cloud, Advertising, Android, and…
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The report from the Common Market for Eastern and Southern Africa (COMESA) reveals that cooking oil companies in Kenya overcharged customers by 21% between July 2021 and December 2022.
The COMESA Competition Commission (CCC) has determined that while the fair price should have been approximately…
