The Online Kenyan Logo

The Online Kenyan

Business & Economy

Featured News Stories

KRA Sweeping Powers in New Finance Bill

The Kenya Revenue Authority is seeking expanded powers through Finance Bill 2026 that would allow them to freeze taxpayer bank accounts and assets even when a tax assessment is under appeal. PwC has separately warned that Kenya's Finance Bill 2026 could significantly increase the cost of digital payments and tighten tax on cross-border technology services. Meanwhile, Co-operative Bank of Kenya announced a 21.3 percent increase in first-quarter net profit to Sh8.41 billion for March 2026, driven by increased interest income and expansion in customer deposits and lending.

KRA sweeping powers in new Finance Bill

KRA sweeping powers in new Finance Bill

N
Nation Business•1d ago
📰 Read Full Story
PwC warns Finance Bill 2026 could make digital payments costlier

PwC warns Finance Bill 2026 could make digital payments costlier

C
Capital Business•9h ago
📰 Read Full Story
Co-op Bank Q1 net profit up 21.3pc to Sh8.41bn

Co-op Bank Q1 net profit up 21.3pc to Sh8.41bn

C
Capital Business•12h ago
📰 Read Full Story
Read full coverage →
Advertisement

Latest Stories

Customers set to earn and redeem airline and hotel rewards in Kenya Airways–Accor deal
business8h ago

Customers set to earn and redeem airline and hotel rewards in Kenya Airways–Accor deal

Kenya Airways and Accor have launched a partnership allowing customers to earn and redeem loyalty points across flights and hotel stays. This groundbreaking collaboration integrates the respective loyalty programs, Asante Rewards and ALL Accor.

C
Capital Business
📰 Read Full Story
Crown Paints banks on dealer incentives to sustain premium paint sales amid economic pressures
business8h ago

Crown Paints banks on dealer incentives to sustain premium paint sales amid economic pressures

Amidst economic challenges like rising costs and slowing consumer spending, Crown Paints is boosting its dealer incentives and expanding its distribution network to maintain sales of premium paint products.

C
Capital Business
📰 Read Full Story
Kenya’s live reptile exports jump 10-fold in decade
business7h ago

Kenya’s live reptile exports jump 10-fold in decade

Kenya's live reptile exports have surged by over tenfold in the last decade, with more than 870,000 CITES-listed animals traded between 2013 and 2023.

C
Capital Business
📰 Read Full Story
Petrol, diesel up by Sh17 and Sh46 respectively in May-June pricing cycle
business2h ago

Petrol, diesel up by Sh17 and Sh46 respectively in May-June pricing cycle

The Energy and Petroleum Regulatory Authority (EPRA) has announced significant price hikes for petrol and diesel in Kenya, effective May 15, 2026, due to rising global fuel costs and the reinstatement of 8% VAT.

C
Capital Business
📰 Read Full Story
Trump’s Fed chair pick Kevin Warsh confirmed by US Senate
business11h ago

Trump’s Fed chair pick Kevin Warsh confirmed by US Senate

Kevin Warsh, President Trump’s pick for Federal Reserve chair, has been confirmed by the US Senate with a vote of 54 in favor and 45 against, largely along party lines.

C
Capital Business
📰 Read Full Story
Tanzania accused of ignoring EAC Court order on match imports
business11h ago

Tanzania accused of ignoring EAC Court order on match imports

Kenyan businesses have accused Tanzanian authorities of ignoring a May 14 order from the East African Court of Justice (EACJ) that suspended a controversial excise duty on Kenyan-made safety matches.

C
Capital Business
📰 Read Full Story
PwC warns Finance Bill 2026 could make digital payments costlier
business9h ago

PwC warns Finance Bill 2026 could make digital payments costlier

PwC has warned that Kenya's Finance Bill 2026 could significantly increase the cost of digital payments and tighten tax on cross-border technology services.

C
Capital Business
📰 Read Full Story
Japan’s automaker Honda posts $2.7bn net loss in 2025, 1st since 1957
business9h ago

Japan’s automaker Honda posts $2.7bn net loss in 2025, 1st since 1957

Honda Motor Co. has reported its first net loss since going public in 1957, posting a significant deficit for fiscal 2025. The Japanese automaker experienced a dramatic financial reversal from the previous year.

C
Capital Business
📰 Read Full Story
New rules open Kenya Power grid to private electricity traders
business13h ago

New rules open Kenya Power grid to private electricity traders

New regulations have been introduced in Kenya to liberalize the electricity market, allowing private entities to trade power and access the national grid non-discriminatorily.

C
Capital Business
📰 Read Full Story
Co-op Bank Q1 net profit up 21.3pc to Sh8.41bn
business12h ago

Co-op Bank Q1 net profit up 21.3pc to Sh8.41bn

Co-operative Bank of Kenya has announced a significant increase in its first-quarter net profit, rising by 21.3 percent to Sh8.41 billion for the period ending March 2026. This growth was fueled by increased interest income and a notable expansion in customer deposits and lending.

C
Capital Business
📰 Read Full Story
Cuba has run out of diesel and oil, energy minister says
business12h ago

Cuba has run out of diesel and oil, energy minister says

Cuba is facing a critical energy shortage, with authorities stating the country has completely run out of diesel and fuel oil. This severe fuel deficit has led to widespread power outages and significant disruptions across the nation.

C
Capital Business
📰 Read Full Story
Why Sh1.5 billion harmful sugar could already be in circulation
business14h ago

Why Sh1.5 billion harmful sugar could already be in circulation

Members of Parliament are concerned that Sh1.5 billion worth of suspected harmful industrial sugar might already be in circulation after a consignment was moved from Mombasa to Nairobi via the Standard Gauge Railway (SGR).

N
Nation Business
📰 Read Full Story
US drops $15,000 visa deposit for foreign fans with World Cup tickets
business15h ago

US drops $15,000 visa deposit for foreign fans with World Cup tickets

The Trump administration has announced it will waive a $15,000 visa deposit requirement for foreign football fans traveling to the U.S. for the World Cup, provided they possess valid match tickets.

C
Capital Business
📰 Read Full Story
MPs raise alarm over zero budget for tourism agencies
business15h ago

MPs raise alarm over zero budget for tourism agencies

Members of Parliament are raising alarms over the proposed 2026/27 budget that allocates zero funds to critical tourism agencies, potentially hindering Kenya's tourism growth.

C
Capital Business
📰 Read Full Story
Britam hosts SME Growth Forum in Thika amid profit pressures
business1d ago

Britam hosts SME Growth Forum in Thika amid profit pressures

Britam Holdings Plc recently hosted over 100 Small and Medium-sized Enterprises (SMEs) in Thika for its Britam Biashara Network forum. The event aimed to equip entrepreneurs with strategies to navigate economic challenges and foster sustainable growth.

C
Capital Business
📰 Read Full Story
AARDO warns weak market linkages threaten rural economies
business1d ago

AARDO warns weak market linkages threaten rural economies

The African-Asian Rural Development Organization (AARDO) has warned that weak market linkages, limited digital connectivity, and slow rural transformation are jeopardizing the sustainability of rural economies in Africa and Asia.

C
Capital Business
📰 Read Full Story
KCB Foundation launches Circular Economy Initiative for SMEs
business1d ago

KCB Foundation launches Circular Economy Initiative for SMEs

The KCB Foundation has launched the "Tujenge Pamoja" initiative, a European Union-funded program aimed at accelerating Kenya's shift to a circular economy.

C
Capital Business
📰 Read Full Story
KRA sweeping powers in new Finance Bill
business1d ago

KRA sweeping powers in new Finance Bill

The Kenya Revenue Authority (KRA) is seeking expanded powers through the Finance Bill 2026 that would allow them to freeze taxpayer bank accounts and assets even when a tax assessment is under appeal.

N
Nation Business
📰 Read Full Story
French firm to invest Sh105bn in Mombasa Port upgrade
business1d ago

French firm to invest Sh105bn in Mombasa Port upgrade

French shipping giant CMA CGM will invest $820 million (Sh105 billion) to upgrade and expand two terminals at the Port of Mombasa, Kenya.

N
Nation Business
📰 Read Full Story
French investors tour Nairobi Affordable Housing Project
business1d ago

French investors tour Nairobi Affordable Housing Project

A delegation of French firms visited Nairobi's Starehe Point Affordable Housing Project during the Africa Forward Summit, exploring investment opportunities in Kenya's urban development sector.

C
Capital Business
📰 Read Full Story
Green Belt Movement opposes plan to allow roads, utilities in forests
business1d ago

Green Belt Movement opposes plan to allow roads, utilities in forests

The Green Belt Movement is opposing a proposed amendment to the Forest Conservation and Management Act, arguing it would allow increased infrastructure development and environmental destruction in public forests.

C
Capital Business
📰 Read Full Story
Indian PM cut down on vehicles to save fuel
business1d ago

Indian PM cut down on vehicles to save fuel

Indian Prime Minister Narendra Modi has ordered a significant reduction in his motorcade to conserve fuel. This initiative is part of broader efforts to address rising energy prices amidst the Middle East crisis.

C
Capital Business
📰 Read Full Story
Audit flags revenue leakages, irregular leasing at Posta Kenya
business1d ago

Audit flags revenue leakages, irregular leasing at Posta Kenya

An audit by Auditor General Nancy Gathungu has revealed significant revenue leakages and questionable leasing practices at Postal Corporation of Kenya (Posta Kenya).

C
Capital Business
📰 Read Full Story
Lawyer, ex-Senator questioned in Co-op Bank extortion probe
business1d ago

Lawyer, ex-Senator questioned in Co-op Bank extortion probe

A lawyer and a former Nyamira Senator are reportedly being questioned by the Banking Fraud Investigation Unit (BFIU) amid an investigation into alleged forgery and impersonation aimed at extorting Co-operative Bank.

N
Nation Business
📰 Read Full Story
Billions lost forever? Alarm as State moves to liquidate KUSCCO
business1d ago

Billions lost forever? Alarm as State moves to liquidate KUSCCO

The Kenyan government is considering liquidating KUSCCO (Kenya Union of Savings and Credit Cooperatives Limited) following a forensic audit that uncovered massive fraud and financial irregularities, potentially leading to billions in permanent losses for members.

N
Nation Business
📰 Read Full Story
Smart glasses are ‘an invasion of privacy’ – Meta’s are selling better than ever
business1d ago

Smart glasses are ‘an invasion of privacy’ – Meta’s are selling better than ever

Meta's new "smart" or AI glasses, designed to look like classic Ray-Bans, are facing scrutiny for enabling surreptitious recording and potentially infringing on privacy, despite booming sales.

C
Capital Business
📰 Read Full Story
United Airlines to resume direct flights between U.S., Venezuela
business1d ago

United Airlines to resume direct flights between U.S., Venezuela

United Airlines plans to re-establish direct flights between the United States and Venezuela starting August 11, returning to the route after a nearly decade-long absence.

C
Capital Business
📰 Read Full Story
Posta Kenya returns to profit after Sh1.08bn loss
business1d ago

Posta Kenya returns to profit after Sh1.08bn loss

The Postal Corporation of Kenya (PCK) has achieved profitability, reporting a net profit of Sh488 million for the financial year ended June 2025. This marks a significant turnaround from a Sh1.08 billion loss in the previous year.

C
Capital Business
📰 Read Full Story
Russian finance minister warns Hormuz blockade could trigger global recession
business1d ago

Russian finance minister warns Hormuz blockade could trigger global recession

Russian Finance Minister Anton Siluanov has warned that a blockade of the Strait of Hormuz has already caused a global energy crisis and could lead to a worldwide recession, increased food and fertilizer prices.

C
Capital Business
📰 Read Full Story
EAC Court blocks Tanzania from taxing Kenyan matches
business1d ago

EAC Court blocks Tanzania from taxing Kenyan matches

The East African Court of Justice has issued a temporary injunction blocking Tanzania from collecting an excise duty on Kenyan-made safety matches.

C
Capital Business
📰 Read Full Story