News
Kenyans still buying counterfeit goods despite high awareness, says report
The Authority estimates that one in every five products sold in the Kenyan market is counterfeit, leading to a loss of about Sh800 billion every year.
Business
Business
AfDB: Kenya losing Sh194 billion annually to graft and tax loopholes
In addition, tax exemptions and incentives are causing a further revenue loss of Sh105 billion each year.
Business
IMF concludes Kenya Governance review, report expected by year-end
The outcome of the mission will be a detailed report capturing the team’s findings and offering recommendations to guide the country forward.
Business
Ruto confirms Kenya Pipeline Company to be listed on NSE via IPO in 2025
President Ruto said the move is part of a broader strategy to expand the country’s capital markets and attract private investment into key state-owned enterprises.
Business
Interest rates cut as CBK targets cheaper credit and economic growth
The Monetary Policy Committee (MPC) said the decision was aimed at encouraging more borrowing by the private sector to stimulate economic activity. However, while borrowing is becoming cheaper, returns on savings have dropped.
Business
Six more Kenya Airways flights added as Ruto, Starmer sign key agreement
This decision, announced following a meeting between President William Ruto and UK Prime Minister Sir Keir Starmer, aims to address ongoing challenges in cargo and passenger transport.
Business
Safaricom Ethiopia hits 10 million customers in push for digital growth
Safaricom Ethiopia currently has 900 direct employees, 97 per cent of whom are Ethiopian nationals.
Business
KNCCI president Erick Rutto appointed to global chamber council
In a statement issued Tuesday, July 1, KNCCI described Rutto's appointment as a significant recognition of Kenya’s and Africa’s growing influence in global trade.
Business
Kenya ranked second in Africa for IMF loans as public debt crosses Sh11 trillion
Despite that, Central Bank of Kenya Governor Kamau Thugge revealed in June that Kenya had, in October 2024, applied for a new IMF-supported programme to help roll over the undrawn funds.
Business
Kenya Airways launches direct flights to London’s Gatwick as second UK entry point
This strategic expansion aims to strengthen the airline’s international reach and improve travel options for its customers.
Business
Kenya’s import bill declines for first time in five years on lower fuel costs
According to provisional data from the Kenya National Bureau of Statistics (KNBS), imports between January and April 2025 amounted to Sh882.16 billion, a 3.63 percent decrease compared to Sh915.43 billion in the same period last year.
Business
KRA to waive penalties for late tax returns filed by July 5
KRA acknowledged the massive turnout of taxpayers on June 30 and attributed the delays to technical disruptions caused by high traffic on its online filing platform.