BUSINESS NEWS

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…

Kenya's maize supply is under severe strain, triggering a surge in maize flour prices and pushing households across the nation into heightened economic uncertainty. The crisis, driven by a confluence of local and regional factors, threatens food security and is sparking urgent calls for…

Kenya's Betting Control and Licensing Board (BCLB) has enacted an immediate, month-long prohibition on all gambling-related advertising across various media platforms. The suspension, announced on Tuesday, April 29, aims to enforce regulatory compliance and curb the growing societal problems…

Kenya's National Assembly is currently deliberating critical amendments to the country's tax laws, intending to stimulate investment in the manufacturing sector and reduce costs within the power industry. The proposed legislative changes, encapsulated in the Value Added Tax (Amendment) Bill,…

Kenya's export sector, particularly textiles and agriculture, is bracing for significant challenges following the imposition of a 10% tariff on Kenyan goods by the United States, effective last Wednesday. The move threatens an industry employing approximately 180,000 Kenyans, both directly and…

Kenya's National Assembly is considering a groundbreaking initiative to incorporate social media discussions into the public participation process for budget formulation. This move comes as the country grapples with potential new tax measures to support the ambitious Sh4.26 trillion budget for…

The Nairobi Securities Exchange (NSE) is embarking on an ambitious strategic plan for 2025-2029, seeking to inject new vitality into Kenya's capital markets. The exchange aims to attract nine million local retail investors and facilitate the listing of 40 companies over the next five years,…