Business & Economy
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Treasury misses tax revenue target by nearly Sh7bn
The National Treasury of Kenya narrowly missed its revised tax revenue target for the 2025/26 financial year, falling short by nearly Sh7 billion, indicating ongoing challenges in achieving revenue collection goals. National Treasury Cabinet Secretary John Mbadi has ruled out increasing government borrowing to finance the Sh4.82 trillion budget for the fiscal year 2026/27, despite a reduced revenue projection from the Finance Bill 2026. Separately, Kenya is considering a Sh27.8 billion biotechnology and pharmaceutical manufacturing park at Konza Technopolis to significantly reduce reliance on imported medicines and active pharmaceutical ingredients.
Uganda Airlines orders eight Boeing jets to expand regional, international routes
Uganda Airlines has announced its first-ever order with Boeing, securing eight new aircraft to significantly expand its regional and international flight network, aiming to bolster Entebbe's position as a key aviation hub. Saudi Arabia, the United Kingdom, and Canada were the top destinations for Kenyan visa applications in the first half of 2026, indicating a significant rebound in international travel. Meanwhile, Lufthansa has refunded a Kenyan passenger, Mathews Keinamma, Sh63,798 after he was denied boarding on a flight to Canada, with the incident involving a ticket booked through Expertriate Travel Agency.
Kenyan startup funding slips to Sh16.3bn in first half of 2026
Kenyan startups secured Sh16.3 billion in funding during the first half of 2026, a slight decrease from the previous year, according to Africa: The Big Deal. A Kenyan skincare retailer, The Ivy League Beauty Shop, has introduced a unique payment platform called the Skincare Wallet to overcome customer purchasing barriers related to upfront costs. The founder of Kenyan Afro-luxury fashion brand Zanta Adeyde, Anyango Omondi, was inspired to create her business from her previous work in a Kenyan abattoir, transforming animal by-products into high-end fashion items.
CAK investigates Naivas over alleged price mismatch
The Competition Authority of Kenya (CAK) is investigating Naivas Supermarket after a customer alleged being charged Sh1,120 for a product advertised at Sh899 on their social media. The COMESA Competition and Consumer Commission (CCCC) has issued a warning to motorists regarding a recall of select Ford models due to a transmission defect that could potentially cause vehicles to lose drive. Additionally, AliExpress has been hit with a record €550 million fine by the European Union for failing to prevent the sale of illegal and unsafe products on its platform.
