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Ruto Promises Minimum Fare Rules for Ride-Hailing Taxis Amid Fuel Crisis
President William Ruto has promised urgent implementation of minimum fare rules for ride-hailing taxis like Uber and Bolt to protect operators from the current fuel crisis. Following this directive, ride-hailing users in Kenya will soon face higher fares due to the minimum fare regulations. At the same time, Kenya Power has generated Sh382 million in revenue from electric vehicle charging infrastructure in less than three years, showing rapid growth in the EV sector. Additionally, agricultural experts, lenders, and corporate executives are urging increased investment in rural logistics and transport systems across Africa, highlighting that inadequate infrastructure hinders smallholder farmers from accessing profitable markets.
Industrial Firms Struggle to Turn AI Ambitions Into Real-World Gains
A new report from AVEDA IMD Business School reveals that industrial firms are struggling to translate their ambitions in building AI-powered digital ecosystems into tangible results, primarily due to significant hurdles in data sharing. Separately, artificial intelligence is transforming forex market analysis in Kenya, bridging the gap between retail traders and sophisticated financial institutions by offering advanced, data-driven decision-making tools. Meanwhile, Kenya's Finance Bill, 2026 proposes reintroducing a 25 percent excise duty on mobile phones, a significant increase from previous proposals, and introduces new taxes on digital content earnings.
