Business
Fuelled by tax: State reaps Sh90bn from motorists
The hike has kept pump prices high, forcing the State to occasionally cushion consumers by subsidising fuel.
Business
Business
New car sales in May drop to 2025 low despite loan easing
Between January and May, the total number of units sold stood at 5,301—up 27.6 percent from 4,154 units recorded during the same period last year, showing an overall positive growth despite the recent slowdown.
Business
MPs approve new bill to bring order to digital asset space
The new legal framework would make Kenya the third African country after Nigeria and South Africa to regulate cryptocurrencies through legislation.
Business
World Bank flags Kenya’s debt burden and private sector suppression
The World Bank pointed out that areas such as hospitality, manufacturing, and wholesale and retail trade could be better served by private players, but are instead occupied by state-owned enterprises benefiting from favourable treatment.
Business
Milk of the future? The rise of the camel milk economy in Kenya
Long overshadowed by cow’s milk, camel milk is emerging as a powerhouse product, driving livelihoods, improving nutrition, and attracting investors across the Horn of Africa.
Business
Car owners slam ‘revenue grab’ in new inspection plan
The proposal, announced by Transport Cabinet Secretary Davis Chirchir, seeks to introduce new laws that would mandate regular inspections to ensure road safety, reduce emissions, and keep vehicles roadworthy.
Business
Sh30 billion pension hole exposes retirees to delays
The Treasury’s failure to fully fund pension obligations comes as it faces mounting pressure to clear a Sh57.24 billion pension bill in June alone.
Business
Standard Chartered hands over Tanzania retail business to access bank
Despite the exit from retail banking, Standard Chartered reaffirmed its commitment to Tanzania, where it has operated since 1917.
Business
Counties break barriers to post Sh45 billion revenue surge
The Controller of Budget’s County Governments Budget Implementation Review Report (May 2025) shows that the 47 counties collectively raised Sh45.91 billion in the nine months under review — an increase of Sh4 billion compared to the same period in the previous financial year.
Business
Car importers sue KRA over tax formula, warn of sharp price hike
The association, through lawyer Ngibuini Gikandi, argues that the revised structure is discriminatory.
Business
Farmers ditch hustler fund for fuliza and banks
The survey reveals that by May 2025, none of the sampled farmers indicated borrowing from the Hustler Fund or microfinance institutions, despite 11 percent and 13 percent respectively having used these sources just two months earlier in March.
News
Kenya in talks to adopt India’s UPI for seamless digital payments
UPI enables users to link multiple bank accounts to a single mobile application, supporting a range of services including fund transfers, merchant payments, and bank-to-bank transactions.
Business
Equity Bank backs Kenya-Italy deal to revive leather industry
The initiative brings together Italian investors and Kenyan institutions to build capacity, establish new tanneries, and enhance the regional leather supply chain.
Business
Competition Authority of Kenya approves proposed acquisition of Gulf African Bank
According to a gazette notice published on 20th June 2025, the regulator authorized the proposed merger in accordance with Section 46(6) of the Competition Act.
Business
Four youth-led startups win big at AYuTe NextGen 2025 in Kampala
Organized by Heifer International, the initiative focuses on empowering African youth to lead the transformation of agriculture through tech-driven solutions.
Business
Court clears way for Nzoia sugar lease to West Kenya sugar
Justice Lawrence N. Mugambi delivered the ruling virtually, siding with preliminary objections raised by the government and other respondents.
Business
World Bank calls for bold transparency measures on debt in developing nations
According to Axel van Trotsenburg, the Bank’s senior managing director, countries must commit to disclosing accurate and timely debt information to prevent abrupt financial shocks.
Technology
Telegram founder Durov to leave Sh2 trillion fortune to his 106 children
Often referred to as the “Mark Zuckerberg of Russia,” the 39-year-old billionaire revealed that all of his children, both biological and those conceived through anonymous sperm donations in 12 countries, will inherit his wealth equally.
Business
Blackouts hurt, but no payouts coming – Energy CS
The CS told the Senate that while outages are hurting businesses, Kenya Power cannot be held liable unless legislation is amended.
Business
Equity Bank takes over TransCentury, East African Cables after court order lapse
The management of the two companies has been handed back to PricewaterhouseCoopers Limited, with Muniu Thoithi and George Weru reinstated as joint receivers and managers for TransCentury, and joint administrators for East African Cables.
Business
Paul Russo elected as new Kenya Bankers Association chair
Russo takes over with nearly 25 years of experience in the banking and corporate sector. His career includes senior roles at KCB Group, National Bank of Kenya, Barclays (now Absa), PwC, EABL, Unga Holdings, and K-Rep Bank (Sidian).
Business
Michael Joseph calls out State over neglect of Kenya Airways
Joseph also blamed public officials for routinely ignoring the Fly Kenya Act, which requires government representatives to use the airline for official international travel.
Business
Over 3 million get tax relief as KRA waives Sh170 billion
The amnesty programme, which ends this month, allows eligible taxpayers to clear historical tax debts by settling principal amounts while receiving automatic waivers on related charges.
Technology
WhatsApp rolls out Meta AI in Kenya and other countries
Meta AI has drawn comparisons to OpenAI’s ChatGPT, especially the GPT-4o model, although users have noted differences in performance.
Business
Nairobi forum highlights role of nature in driving Africa’s future development
Themed “Innovate, Restore, Prosper”, this seventh edition of the forum is being held on June 19, 2025, at the CIFOR-ICRAF headquarters in Gigiri, Nairobi.
Business
Housing levy hurting Kenyans, not helping, says MP Ndindi Nyoro
Nyoro blamed the 1.5 per cent mandatory housing levy deducted from workers’ gross pay for reducing disposable income and lowering cash flow across the economy.
Business
MPs stand firm against lower steel tariffs to protect local industry
The Finance Committee insisted the current 17.5 percent rate should be maintained to protect jobs and promote local production.
Business
Protests slash matatu revenues by 40%, Sh150 million lost in a day
Across the country, about 60,000 matatus and buses operate on a normal day, generating approximately Sh900 million daily and about Sh27 billion monthly.
Business
EAC masks growing dependency with unity narrative
While bureaucratic structures and political summits abound, East Africans continue to question the everyday relevance of regional integration.
Business
Kenya and Tunisia sign deal to strengthen women-led SMEs
Running from June 16 to 18, the expo marks a historic first in Kenya, aiming to deepen both economic collaboration and cultural exchange between the two countries.