business
11 storiesKenya Faces Grain Shortage Requiring Up to 5 Million Tonnes of Maize and Wheat Imports: Kenya faces a significant grain shortage potentially requiring imports of up to 5 million tonnes of maize and wheat due to severe drought impacting crop yields. Agriculture CS Kagwe has assured that Kenya has sufficient sugar for domestic consumption, with the government emphasizing no need for further imports, though this comes amidst a legal challenge to the recent ban on sugar imports. Meanwhile, pastoralists in Isiolo are transforming their livelihoods through aggregation and diversification, moving from devastating livestock losses to greater resilience. At the Climate Finance Nexus Forum in Kigali, African leaders and finance experts called for innovative financing models to help farmers adopt climate-smart agricultural technologies. 109km Power Line Linking Machakos, Konza and Namanga Commissioned: President William Ruto has commissioned a new 109-kilometre electricity transmission line connecting Machakos, Konza, Isinya, and Namanga. This significant infrastructure upgrade aims to bolster the national grid and enhance power supply across several key regions in southern Kenya. Africa's richest man, Aliko Dangote, has separately announced that construction for the planned Lamu oil refinery in Kenya will commence on September 30, 2026. The Independent Electoral and Boundaries Commission has been ordered by the Public Procurement Administrative Review Board to rectify and re-publish its tender for the supply and maintenance of KIEMS kits due to material deficiencies. Fuse Holdings Loses Tax Appeal Over Missing Ownership and Loan Records: Fuse Holdings Limited has lost a significant tax appeal at the Tax Appeals Tribunal, failing to convince regarding its ownership and loan records for 2020 and 2021. The High Court in Nairobi has simultaneously received a challenge against the gazettement of the liquidation of Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO). Additionally, another tax dispute emerged as printing firm Graphic Lineups Limited lost its tax fight with KRA and must pay Sh15.7 million in Value Added Tax on an imported printing press. The High Court has also quashed a legal opinion that cleared the Communications Authority of Kenya to make payments linked to a company associated with its former chairperson, Mary Wambui Mungai.







