Business
Kenya Sugar Board suspends milling in bid to save cane crop
Sugarcane generally takes between 16 to 18 months to reach optimal maturity for sucrose accumulation, the key component in sugar production.
Business
Business
KRA beats 2024/25 revenue target with Sh2.57 trillion
Pay As You Earn (PAYE) tax brought in Sh560.96 billion, up 3.3 percent. However, this fell short of the full-year target, closing at 99 percent performance.
Business
AfDB flags high costs, unpredictable policies as barriers to investment in Kenya
According to the Kenya County Focus Report 2025, released this week, business capital growth remains restricted by a range of structural issues.
Technology
Linda Yaccarino steps down as CEO of social media platform X
Yaccarino thanked Musk for entrusting her with the responsibility of protecting free speech, turning the company around, and transforming X into the "Everything App".
Business
CBK flags 15 Kenyan banks in cross-border currency movement probe
The findings, drawn from a survey involving all 38 licensed banks in Kenya, show that 39.4% of them acknowledged regular movement of physical cash out of the country.
Business
Airbnb boom raises rents by 10 percent in Nairobi estates
The shift, which has seen around 15 percent of housing units in these estates converted to Airbnbs, has disrupted the long-term rental market and added competition for available housing, according to a new report by Knight Frank, a global real estate consultancy.
Business
Sh158 million in benefits unpaid as NSSF struggles to locate exited members
As of June 2023, total unremitted contributions stood at Sh26.9 billion, with a large portion owed by various government agencies, counties, and former municipal councils.
Business
Stanbic wins case to auction cooking oil firm's assets
In the ruling, Justice Alfred Mabeya said that the lender was within its rights to sell the secured property after the borrower failed to meet its loan obligations.
Business
KQ secures tax relief on foreign services in boost to profit drive
The airline has recently turned a financial corner, helped by a combination of a stronger shilling, improved cash flow, and lower debt in foreign currencies.
Business
Banks reap Sh13 billion more from MSMEs as loan costs soar
The average interest rate charged by commercial banks on SME loans climbed from 15.5 percent in December 2022 to 16.4 percent in 2024.
Business
SGR revenue hits Sh936 million as passenger numbers fall
The last time passenger traffic fell below the current numbers was in 2022, when only 518,780 people used the service, earning Sh569.27 million.
Business
Markets on edge as tariff deadline approaches, US futures slip
President Donald Trump’s 90-day freeze on reciprocal tariffs is nearing its expiration on Wednesday, heightening uncertainty in global markets.