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Matatu Fares Jump 50pc as Operators Protest Fuel Prices
Matatu operators are implementing a 50 percent fare increase and planning a nationwide strike starting Monday in protest against recent fuel price hikes. The Energy and Petroleum Regulatory Authority 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. Public transport operators have expressed concern following the fare increases. The Kenyan government defended the fuel price surge, citing Middle East conflict-driven global oil market volatility as the primary cause for increased pump costs. Kiharu MP Ndindi Nyoro is urging the government to implement significant tax reductions and levy removals to combat soaring fuel prices.
Asahi Cleared to Acquire Majority Stake in EABL Without Takeover Offer
Asahi Group Holdings Ltd has secured regulatory approval in Kenya, Tanzania, and Uganda to acquire a majority stake in East African Breweries PLC without issuing a mandatory takeover offer to minority shareholders. The Postal Corporation of Kenya is shutting down 125 of its post offices as part of a Sh1 billion cost-cutting initiative to achieve profitability. CPA Roble Said Nuno has been appointed as the new Chief Executive Officer of the Commission on Revenue Allocation following a competitive recruitment process aimed at enhancing leadership and efficiency in the management of devolved funds.
