Business

World Bank wants 16 percent VAT on meat, avocado and coffee to boost revenue

Finance Bill 2025: Kenyans reject tax, privacy, and housing proposals

The bill, currently under scrutiny by Parliament, has sparked concerns primarily centered around increased taxation on essential goods.

World Bank push may raise cost of food and essentials

CoB: Kenya wasting billions on idle loans and unprepared projects

Speaking to the National Assembly committee on public debt and privatization, she said taxpayers are losing money through commitment fees paid on loans that are not being used because project implementers are unprepared.

Government addresses Mwea farmers’ concerns over imported rice

During a high-level meeting held on Thursday at the offices of the Mwea Rice Growers Multipurpose Cooperative Society, key stakeholders reached a consensus on measures aimed at protecting farmers from financial losses.

Kenya joins China-supported UN-style mediation organization

The International Organization for Mediation (IOMed), comprising 32 founding member countries, was officially launched during a signing event in Hong Kong, which will serve as its headquarters.

Sweden backs Sh349 million initiatives to green Kenya’s trade sector

In addition, the programme is projected to attract at least $5 million (Sh647.2 million) in private sector investments aimed at enhancing green logistics infrastructure.

Treasury unveils major reforms in public finance system

The National Treasury is set to kick off a comprehensive series of fiscal reforms beginning July 2025, anchored on the Treasury Single Account (TSA) system.

Kenya Power to roll out 47,000 low-cost electric cookers in clean energy drive

Kenya Power says the initiative is part of the Kenya Electric Cooking Market Development Initiative (KEMDI), which seeks to reduce consumer costs by half and drive the adoption of high-quality, energy-efficient appliances in urban centres.

Equity's James Mwangi speaks on lender's widespread layoffs

Dr. James Mwangi explained that the layoffs followed a conduct audit carried out on all employees in response to the loss of Sh1.5 billion.

African Development Bank set to unveil carbon credit support initiative

The initiative, designed to mobilize climate finance for Africa which faces growing threats from droughts and extreme weather events was announced on Thursday.

Real estate sector warns of housing crisis if Finance Bill 2025 tax changes pass

The Association of Real Estate Stakeholders Kenya (RESA) urged Parliament to urgently reconsider or suspend several “punitive” tax clauses that, they say, could have far-reaching negative effects.