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Economic Developments in East Africa

KRA to collect sugar levies; state allocates Sh1.5bn for affordable housing internship; Equity named best bank.

KRA to collect sugar levies from millers, importers

KRA to collect sugar levies from millers, importers

NAIROBI, Kenya, Jul 15 - The Kenya Revenue Authority (KRA) has been appointed to collect sugar levies from millers and importers. This was announced by Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago
State allocates Sh1.5bn for affordable housing internship programme

State allocates Sh1.5bn for affordable housing internship programme

NAIROBI, Kenya July 15 - The National Treasury has set aside Sh1.5 billion for the Affordable Housing Internship Programme, an initiative launched by Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago
Equity named best regional bank in East Africa

Equity named best regional bank in East Africa

ABIDJAN, Côte d’Ivoire, July 15 - Equity Bank has been awarded the title of Best Regional Bank in East Africa at the 2025 African Banker Awards, held in Kenya breaking news | Kenya news today |

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Capital Business
about 7 hours ago

AI Industry Moves

Nvidia to restart AI chip sales to China; Meta to invest hundreds of billions in AI data centers; Musk’s Grok signs $200m deal.

Nvidia says it will restart AI chip sales to China

Nvidia says it will restart AI chip sales to China

JULY 15 - US technology giant Nvidia says it will soon resume sales of its high-end artificial intelligence (AI) chips to China. The US government has Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago
Meta to spend hundreds of billions to build AI data centres

Meta to spend hundreds of billions to build AI data centres

JULY 15 - Meta's founder Mark Zuckerberg has said the social media giant will spend hundreds of billions of dollars on building huge AI data centres in Kenya breaking news | Kenya news today |

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Capital Business
about 12 hours ago
Musk’s Grok signs $200m deal with Pentagon days after antisemitism row

Musk’s Grok signs $200m deal with Pentagon days after antisemitism row

JULY 15 - The Pentagon has signed a multi-million dollar deal to begin using Elon Musk's artificial intelligence chatbot, Grok, as part of a wider rollout Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago

Fuel Price Concerns and Electric Vehicle Incentives

A litre of super petrol rises by Sh9; motorists affected by high fuel prices; drivers offered up to £3,750 discount on electric cars.

A litre of super petrol up by Sh9 in latest EPRA fuel review

A litre of super petrol up by Sh9 in latest EPRA fuel review

NAIROBI, Kenya, July 14 - The Energy and Petroleum Regulatory Authority (EPRA) has increased fuel prices, with a litre of super petrol rising by Sh8.99 Kenya breaking news | Kenya news today |

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Capital Business
1 day ago
Motorists, bikers bear the brunt of high fuel prices

Motorists, bikers bear the brunt of high fuel prices

NAIROBI, Kenya, July 15 - Kenyan motorists and motorbike riders have decried yesterday's move by the Energy and Petroleum Regulatory Authority (EPRA) to Kenya breaking news | Kenya news today |

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Capital Business
about 10 hours ago
Drivers offered up to £3,750 discount to buy electric cars

Drivers offered up to £3,750 discount to buy electric cars

JULY 15 - The cost of some new electric cars will soon be reduced by up to £3,750 under grants being introduced by the government to encourage drivers to Kenya breaking news | Kenya news today |

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Capital Business
about 10 hours ago

Retail and Insurance Sector Challenges

Uchumi Supermarket faces liquidation; IRA highlights insurance penetration for sector growth.

Uchumi Supermarket faces liquidation as recovery plan struggles

Uchumi Supermarket faces liquidation as recovery plan struggles

NAIROBI, Kenya, July 15 - Kenya’s former retail giant Uchumi Supermarket is facing legal and financial headwinds as it plans to bounce back from Kenya breaking news | Kenya news today |

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Capital Business
about 12 hours ago
Insurance penetration key to sector growth, IRA says

Insurance penetration key to sector growth, IRA says

NAIROBI, Kenya, July 14 - The insurance industry must shift focus from over-relying on compulsory products and instead target voluntary classes to boost Kenya breaking news | Kenya news today |

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Capital Business
about 15 hours ago

Latest Stories

KRA to collect sugar levies from millers, importers

KRA to collect sugar levies from millers, importers

NAIROBI, Kenya, Jul 15 - The Kenya Revenue Authority (KRA) has been appointed to collect sugar levies from millers and importers. This was announced by Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago
Nvidia says it will restart AI chip sales to China

Nvidia says it will restart AI chip sales to China

JULY 15 - US technology giant Nvidia says it will soon resume sales of its high-end artificial intelligence (AI) chips to China. The US government has Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago
State allocates Sh1.5bn for affordable housing internship programme

State allocates Sh1.5bn for affordable housing internship programme

NAIROBI, Kenya July 15 - The National Treasury has set aside Sh1.5 billion for the Affordable Housing Internship Programme, an initiative launched by Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago
Musk’s Grok signs $200m deal with Pentagon days after antisemitism row

Musk’s Grok signs $200m deal with Pentagon days after antisemitism row

JULY 15 - The Pentagon has signed a multi-million dollar deal to begin using Elon Musk's artificial intelligence chatbot, Grok, as part of a wider rollout Kenya breaking news | Kenya news today |

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Capital Business
about 8 hours ago
Equity named best regional bank in East Africa

Equity named best regional bank in East Africa

ABIDJAN, Côte d’Ivoire, July 15 - Equity Bank has been awarded the title of Best Regional Bank in East Africa at the 2025 African Banker Awards, held in Kenya breaking news | Kenya news today |

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Capital Business
about 7 hours ago
Uchumi Supermarket faces liquidation as recovery plan struggles

Uchumi Supermarket faces liquidation as recovery plan struggles

NAIROBI, Kenya, July 15 - Kenya’s former retail giant Uchumi Supermarket is facing legal and financial headwinds as it plans to bounce back from Kenya breaking news | Kenya news today |

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Capital Business
about 12 hours ago
Meta to spend hundreds of billions to build AI data centres

Meta to spend hundreds of billions to build AI data centres

JULY 15 - Meta's founder Mark Zuckerberg has said the social media giant will spend hundreds of billions of dollars on building huge AI data centres in Kenya breaking news | Kenya news today |

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Capital Business
about 12 hours ago
Motorists, bikers bear the brunt of high fuel prices

Motorists, bikers bear the brunt of high fuel prices

NAIROBI, Kenya, July 15 - Kenyan motorists and motorbike riders have decried yesterday's move by the Energy and Petroleum Regulatory Authority (EPRA) to Kenya breaking news | Kenya news today |

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Capital Business
about 10 hours ago
Drivers offered up to £3,750 discount to buy electric cars

Drivers offered up to £3,750 discount to buy electric cars

JULY 15 - The cost of some new electric cars will soon be reduced by up to £3,750 under grants being introduced by the government to encourage drivers to Kenya breaking news | Kenya news today |

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Capital Business
about 10 hours ago
Insurance penetration key to sector growth, IRA says

Insurance penetration key to sector growth, IRA says

NAIROBI, Kenya, July 14 - The insurance industry must shift focus from over-relying on compulsory products and instead target voluntary classes to boost Kenya breaking news | Kenya news today |

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Capital Business
about 15 hours ago
China growth slows as trade turmoil weighs on economy

China growth slows as trade turmoil weighs on economy

JULY 15 - China's economy has slowed as trade turmoil triggered by US President Donald Trump's tariffs and a prolonged crisis in the property market weigh Kenya breaking news | Kenya news today |

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Capital Business
about 15 hours ago
German finance minister urges EU to push back if tariff talks with U.S. fail

German finance minister urges EU to push back if tariff talks with U.S. fail

BERLIN, July 13 (Xinhua) -- German Vice Chancellor and Finance Minister Lars Klingbeil said on Sunday that the European Union (EU) must take firm action Kenya breaking news | Kenya news today |

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Capital Business
1 day ago
CMA okays new investment vehicles

CMA okays new investment vehicles

NAIROBI, Kenya, July 14 - Kenyan investors have been offered expanded investment options after the Capital Markets Authority (CMA) registered new Kenya breaking news | Kenya news today |

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Capital Business
1 day ago
Prudential eyes affluent individuals with up to Sh500mn cover

Prudential eyes affluent individuals with up to Sh500mn cover

NAIROBI, Kenya, July 14 – Affluent individuals will access up to Sh500 million in insurance coverage under a new deal between Prudential Life Assurance Kenya breaking news | Kenya news today |

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Capital Business
1 day ago
A litre of super petrol up by Sh9 in latest EPRA fuel review

A litre of super petrol up by Sh9 in latest EPRA fuel review

NAIROBI, Kenya, July 14 - The Energy and Petroleum Regulatory Authority (EPRA) has increased fuel prices, with a litre of super petrol rising by Sh8.99 Kenya breaking news | Kenya news today |

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Capital Business
1 day ago
Post Office could be owned by its postmasters, UK government says

Post Office could be owned by its postmasters, UK government says

JULY 14 - Ownership of the Post Office could be put into the hands of its postmasters, the government has suggested, as it launched a public consultation Kenya breaking news | Kenya news today |

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1 day ago
CoA overturns High Court ruling in Kevian-Hipora insolvency dispute

CoA overturns High Court ruling in Kevian-Hipora insolvency dispute

NAIROBI, Kenya, July 14 – The Court of Appeal (CoA) has allowed an appeal by Kevian Kenya Limited against Hipora Business East Africa Limited, ruling that Kenya breaking news | Kenya news today |

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Capital Business
1 day ago
Bank of England prepared to cut rates if job market slows, says governor

Bank of England prepared to cut rates if job market slows, says governor

JULY 14 - The Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, its governor has said. In an Kenya breaking news | Kenya news today |

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1 day ago
Watu Credit hits 3mn smartphones financed in Africa

Watu Credit hits 3mn smartphones financed in Africa

NAIROBI, Kenya, July 14 - Asset financier Watu Credit has financed over 3 million gadgets in the eight African countries that it operates in. The firm's Kenya breaking news | Kenya news today |

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1 day ago
Govt to raise legal drinking age to 21 in new policy

Govt to raise legal drinking age to 21 in new policy

NAIROBI, Kenya Jul 14 – The government is set to raise the minimum legal age for handling, purchasing, consuming, and selling alcohol from 18 to 21 years Kenya breaking news | Kenya news today |

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1 day ago
Kindiki lauds private sector for aligning with national development goals

Kindiki lauds private sector for aligning with national development goals

NAIROBI, Kenya, July 9, 2025 — Deputy President Kithure Kindiki has commended private sector players for aligning their efforts with national priorities, Kenya breaking news | Kenya news today |

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Capital Business
1 day ago
Electric cars will be cheaper to buy, pledges minister

Electric cars will be cheaper to buy, pledges minister

JULY 14 - The government will make it cheaper for people to buy an electric car, the transport secretary has told the BBC. But Heidi Alexander would not Kenya breaking news | Kenya news today |

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1 day ago
EU and Mexico criticise Trump’s proposed 30% tariff

EU and Mexico criticise Trump’s proposed 30% tariff

JULY 13 - The European Union (EU) and Mexico have expressed disappointment at US President Donald Trump's threat to impose 30% tariffs on their imports Kenya breaking news | Kenya news today |

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Capital Business
2 days ago
The Secret Africa Doesn’t Know It’s Sitting On

The Secret Africa Doesn’t Know It’s Sitting On

By Prateek Suri JULY 12 - Africa is sitting on a secret so powerful; it could redefine its destiny. And it’s not oil, diamonds, or rare earth minerals. Kenya breaking news | Kenya news today |

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3 days ago
Packaging firm SKL to list on NSE SME segment

Packaging firm SKL to list on NSE SME segment

NAIROBI, Kenya, July 11, 2025 — Packaging solutions provider Shri Krishana Overseas Ltd (SKL) is set to list 50.5 million ordinary shares on the Nairobi Kenya breaking news | Kenya news today |

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Capital Business
3 days ago
Lab-grown cheese is coming. But would you eat it?

Lab-grown cheese is coming. But would you eat it?

JULY 13 - In an unassuming building in Stratford, east London, British start-up Better Dairy is making cheese that has never seen an udder, which it Kenya breaking news | Kenya news today |

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Capital Business
3 days ago
WoSA expands presence in Kenya as demand for premium wine grows

WoSA expands presence in Kenya as demand for premium wine grows

NAIROBI, Kenya, July 12 - Wines of South Africa (WoSA) is strengthening its presence in Kenya with a renewed push to tap into the country’s growing demand Kenya breaking news | Kenya news today |

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3 days ago
Trade trumps geopolitics as Australia PM visits China

Trade trumps geopolitics as Australia PM visits China

JULY 12 - Australia's leader Anthony Albanese will visit China and meet with President Xi Jinping this weekend as he seeks to strengthen ties with Kenya breaking news | Kenya news today |

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3 days ago
800,000 Kenyans sign up for affordable housing project

800,000 Kenyans sign up for affordable housing project

NAIROBI, Kenya, July 11 - Over 800,000 Kenyans have signed up on the Boma Yangu portal to benefit from the government’s Affordable Housing Programme Kenya breaking news | Kenya news today |

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4 days ago
UK Chancellor disappointed after economy unexpectedly shrinks

UK Chancellor disappointed after economy unexpectedly shrinks

JULY 11 - Chancellor Rachel Reeves has called the economy's recent performance "disappointing" after figures showed it shrank unexpectedly in May. The Kenya breaking news | Kenya news today |

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4 days ago