Business

Funds delay, planning gaps stall President Ruto’s industrial parks rollout

Senators are calling for the project’s suspension until a full feasibility study and a master plan are developed.

66,804 jobs at risk as AGOA deal expires in September

Although it was extended in 2015, any future extension must now be approved by the US Congress.

Tourism, transport fuel Kenya’s growth as agriculture and mining struggle

Agriculture, a major part of the economy, only grew by 4.4%, down from 7.7%.

More than 70% of Kenyans rethinking wealth-building strategies- Report

The report reveals that Kenyans are increasingly viewing bonuses not as mere windfalls.

Doubt cast on housing job gains as construction jobs fall

The 2025 Economic Survey reveals that private construction companies reduced their workforce by 2,900 people.

Alarm raised as users exploit X's Grok chatbot to undress women

What began as a playful engagement with emerging AI tools has, in some instances, taken a troubling turn.

Treasury accused of breaking law in Sh975 billion loan deal

CS Mbadi moves to cut public office spending

The move comes as the government grapples with falling tax revenues and rising costs of running its operations.

KRA sets June 30 deadline for petrol stations to join eTIMS

The KRA has introduced the new system to replace the old Electronic Tax Registers (ETRs).

BMI launches composer lab for visual media

The Composer Lab offers a select group of BMI-affiliated musicians a rare opportunity to sharpen their craft.

Court orders Worldcoin to delete Kenyans’ data

This ruling follows findings that the company violated the Data Protection Act by failing to safeguard the privacy and rights of Kenyan citizens.

Kenya allocates Sh16.5bn for Uganda SGR link

This allocation will be combined with funding from China and other lenders to support the construction.

Microsoft closes Skype: Here are the best alternatives for users

The announcement, made by Microsoft, brings an end to the service that became a household name in internet communication since its launch 23 years ago.

Locals vow to block Nzoia Sugar investor

The group insisted that they will not allow businessman Jaswant Rai to take charge of the factory until the case is fully heard.

KPA reports surge in ship traffic at Kisumu Port

So far this year, Kisumu Port has handled 109,381 metric tonnes of cargo.

Sh12–Sh13 per kilometre: Toll rates set for Nairobi-Mombasa Expressway

The 440-kilometre road project is being undertaken under a public-private partnership by Usahihi Expressway Limited.

Kenya among African nations that imposed internet shutdowns in 2024- Report

In Kenya’s case, the disruption coincided with a period of political tension and anti-government demonstrations.

Android 16 to launch early with fresh design and smoother performance

The first public beta is likely to land by mid-May, ahead of the annual Google I/O event.

CS Kagwe speaks out over rising unga prices

Kagwe stated that the government has put in place measures to curb any potential price hikes.

Maize flour prices surge as supply struggles and demand clashes

The rise has put more pressure on consumers already grappling with the rising cost of living.

Habib Bank announces closure of Kenya office

The bank revealed that the decision comes after receiving approval from the Central Bank of Kenya (CBK).

Microsoft raises Xbox prices worldwide amid rising costs and tariffs

Microsoft has indicated that these tariffs have played a major role in its decision to adjust pricing.

Businessman Jaswant Rai to acquire Nzoia Sugar Factory- Board

The takeover is expected to happen as early as next week, signaling the start of a new era for the struggling miller.

Meta threatens Facebook, Instagram shutdown in Nigeria over $290m fines

The warning follows a failed attempt by Meta to challenge the penalties in the federal high court in Abuja.

Banks reject CBK’s proposal to use Central Bank rate for credit pricing

The Kenya Bankers Association (KBA) warns that such a move would effectively introduce interest rate caps.

Government proposes 16% VAT on streaming services in Finance Bill 2025

This new VAT, if approved, would apply to popular streaming services such as Netflix, Showmax, and local platforms offering digital radio and TV content.

Finance Bill 2025 seeks threefold hike in tax on employee welfare benefits

The Treasury has proposed raising the tax rate on fringe benefits by over three-fold, from the current rate to a flat 30%.

Vietnam, India take over as Apple’s key US supply hubs

The move comes in response to growing trade tensions and the effects of tariffs imposed by the United States government.

Removal of tax on eggs, onions, and potatoes set to lower prices

Through the Finance Bill, 2025, the National Treasury has recommended the removal of the 25% duty that has been levied on these popular food items.

Government plans to scrap tax relief for affordable housing projects

If passed, this means developers will be required to pay tax on key materials, which could raise construction costs.