BUSINESS NEWS

Uber has partnered with Safaricom to provide free mobile data access for users of the Uber and Uber Eats applications. This collaboration ensures that drivers, delivery partners, riders, and merchants can utilize the platforms without incurring data charges, with Uber covering the associated costs…

Kenya's National Treasury has unveiled a new Tax Laws (Amendment) Bill, 2024, proposing changes to alcohol taxation, particularly affecting the pricing structure of wine and beer. This legislation, previously integrated into the controversial Finance Bill, 2024, introduces a novel approach to…

Kenya's digital marketplace is poised for significant transformation as the Ministry of Treasury and Economic Planning introduces comprehensive tax reforms. Treasury Cabinet Secretary John Mbadi has unveiled the Tax Laws (Amendment) Bill, 2024, marking a strategic shift in the government's approach…

The Kenya National Bureau of Statistics (KNBS) on Thursday listed electricity as one category of essential commodities whose prices increased in October 2024. In the energy sector, electricity costs witnessed modest upticks, with 200-kilowatt and 50-kilowatt consumption rates increasing by 0.2% and…

Safaricom's pioneering mobile money service, M-Pesa, has recorded its first-ever decline in agent numbers following the implementation of a new geo-locking security measure. The policy, designed to combat fraud, restricts agents to operating their tills within specific geographical boundaries,…

The Ministry of Information and Communications Technology has announced that over two million smartphones have been asse,bled in Kenya. ICT Principal Secretary John Tanui revealed that this initiative, spearheaded by telecommunications provider Safaricom and other technology companies, aims to…

The changing lifestyles of consumers are pushing the leading supermarket chains in Nairobi and other major cities to offer 24-hour operations. This shift, primarily driven by increasing urbanization, demanding work schedules, and a growing emphasis on convenience, has gained particular momentum in…

Kenya's President William Ruto has called for increased investment in the country's vast geothermal energy potential, highlighting that only a fraction of available resources have been utilized thus far. During the groundbreaking ceremony for the 35-megawatt Orpower 22 Power Plant in Nakuru County'…

The Communications Authority of Kenya (CA) is implementing changes to mobile device taxation with a new directive set to take effect on November 1, 2024. The initiative aims to strengthen tax compliance across Kenya's mobile phone sector through comprehensive tracking and verification measures. At…

Kenya's Agriculture and Food Authority (AFA) has implemented restrictions on avocado exports, effective October 25, following revelations of insufficient production levels for the current season. The directive specifically prohibits sea shipments of Hass, Pinkerton, Fuerte, and Jumbo avocado…