business
7 storiesKeroche Faces Auction Over Sh22m Debt to Former Employees: Keroche Breweries is facing the auction of its property over Sh22 million owed to 16 former employees after losing court cases due to unlawful dismissals. The Communications Authority of Kenya (CA) has introduced new regulations mandating a minimum one-year warranty for electronic communication devices sold in Kenya. Additionally, the Competition Authority of Kenya (CAK) is seeking to expand its regulatory powers to cover emerging digital markets and virtual assets through the proposed Competition (Amendment) Bill, 2026. These stories connect through Kenyan regulatory authorities taking enforcement action and seeking expanded oversight powers. Treasury Reverses 2026 Economic Growth From 5.3pc to 5pc: The National Treasury of Kenya has revised its economic growth forecast for 2026 downwards from 5.3% to 5%, citing global uncertainties. At the same time, the National Treasury will begin nationwide public hearings in August on proposed cuts to Pay As You Earn (PAYE) tax, with the Cabinet Secretary assuring workers that tax relief is still planned. Meanwhile, despite the Central Bank of Kenya (CBK) significantly lowering its benchmark interest rate to 8.75%, leading to more competitive mortgage products from commercial banks, the majority of Kenyans are still unable to afford homeownership primarily due to insufficient income to qualify for loans. The connection: all four stories relate to Kenya's economic policy and financial conditions affecting citizens.










