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Kenya Seizes Sh50mn in Counterfeits, Secures ITU Vice Chair, and Hosts Trade Roadshow

A Chinese national has been arrested in Nairobi's Gikomba market after the Anti-Counterfeit Authority (ACA) seized 65,000 counterfeit socks and apparel valued at an estimated Sh50 million. This action is part of a pre-holiday crackdown on counterfeit goods. In a separate development, Kenya secured the Vice Chair position of the International Telecommunication Union’s Telecommunication Development Advisory Group (TDAG) at the World Telecommunication Development Conference in Baku, Azerbaijan. This marks the second time Kenya has held this role, enhancing its influence in global ICT governance. Additionally, Kenya is hosting the 2025 Kenya Trade and Investment Roadshow in Nairobi. The event has attracted over 300 investors and policymakers from 35 countries, aiming to position Kenya as the commercial gateway to East and Central African markets.

Chinese arrested as ACA Seizes Sh50mn Counterfeit socks in Gikomba

Chinese arrested as ACA Seizes Sh50mn Counterfeit socks in Gikomba

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Kenya elected Vice Chair of key ITU Global Advisory Group

Kenya elected Vice Chair of key ITU Global Advisory Group

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Trade roadshow positions Kenya as gateway to 350mn regional consumers

Trade roadshow positions Kenya as gateway to 350mn regional consumers

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Latest Stories

Chinese arrested as ACA Seizes Sh50mn Counterfeit socks in Gikomba
business17h ago

Chinese arrested as ACA Seizes Sh50mn Counterfeit socks in Gikomba

A Chinese national has been arrested in Nairobi's Gikomba market after the Anti-Counterfeit Authority (ACA) seized 65,000 counterfeit socks and apparel worth an estimated Sh50 million. This raid is part of a pre-holiday crackdown on counterfeit goods.

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Kenya elected Vice Chair of key ITU Global Advisory Group
business22h ago

Kenya elected Vice Chair of key ITU Global Advisory Group

Kenya has significantly enhanced its influence in global ICT governance by securing the Vice Chair position of the International Telecommunication Union’s Telecommunication Development Advisory Group (TDAG) at the World Telecommunication Development Conference (WTDC) 2025 in Baku, Azerbaijan. This marks the second time Kenya has held this prestigious role.

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Kenya’s inflation slips to 4.5pc in November
business1d ago

Kenya’s inflation slips to 4.5pc in November

Kenya's inflation rate experienced a marginal decrease in November, settling at 4.5 percent from October's 4.6 percent. This figure remains within the Central Bank of Kenya's target range, primarily attributed to reduced prices of staple household goods.

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Barcelona distances itself from sponsor’s cryptocurrency after backlash
business1d ago

Barcelona distances itself from sponsor’s cryptocurrency after backlash

Barcelona has distanced itself from a cryptocurrency offered by its new sponsor, Zero Knowledge Proof (ZKP), following backlash and concerns from fans who might be led to invest in it. The Spanish football giant stated it has "no connection whatsoever" with the digital coin.

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Petition filed to stop Nairobi–Nakuru–Mau Summit Road project
business1d ago

Petition filed to stop Nairobi–Nakuru–Mau Summit Road project

A petition has been filed in the High Court of Kenya seeking to stop the construction of the Nairobi–Nakuru–Mau Summit Road project. The petitioners argue that the Build-Operate-Transfer (BOT) framework cedes control of a critical national corridor to private and foreign entities, undermining national sovereignty and potentially leading to double taxation for motorists.

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Trade roadshow positions Kenya as gateway to 350mn regional consumers
business1d ago

Trade roadshow positions Kenya as gateway to 350mn regional consumers

Kenya is solidifying its position as the commercial gateway to the East and Central African markets, attracting over 300 investors and policymakers from 35 countries to the 2025 Kenya Trade and Investment Roadshow in Nairobi.

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Planes grounded after Airbus discovers solar radiation could impact systems
business1d ago

Planes grounded after Airbus discovers solar radiation could impact systems

Thousands of Airbus planes, around 6,000 A320 family aircraft, have been grounded globally due to concerns that intense solar radiation could interfere with their flight control computers, potentially causing sudden altitude loss. This discovery followed an investigation into an incident in October where a JetBlue Airways flight lost altitude, injuring 15 people.

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Centum half-year profit rises 6.1pc to Sh472mn as debt costs drop
business1d ago

Centum half-year profit rises 6.1pc to Sh472mn as debt costs drop

Centum Investment Company has reported a 6.1 percent increase in after-tax profit to Sh472 million for the half-year ended September 30, 2025, primarily due to a 66 percent reduction in finance costs from debt repayments.

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Venezuela bans six major airlines after tensions with US escalate
business1d ago

Venezuela bans six major airlines after tensions with US escalate

Venezuela has banned six major international airlines from operating in the country after they failed to resume flights following a US warning of "heightened military activity." This move comes amid escalating tensions between Venezuela and the United States.

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Louvre to hike ticket prices for most non-EU tourists by 45%
business1d ago

Louvre to hike ticket prices for most non-EU tourists by 45%

The Louvre museum in Paris will increase ticket prices by 45% for most non-European Union visitors starting early next year. This hike aims to generate millions of euros annually for the gallery's overhaul, following recent security and infrastructure criticisms.

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NSE, Somalia Bourse sign deal to boost cross-border markets
business1d ago

NSE, Somalia Bourse sign deal to boost cross-border markets

The Nairobi Securities Exchange (NSE) and the National Securities Exchange of Somalia (NSES) have signed a Memorandum of Understanding (MoU) to foster financial integration through cross-border listings and technology collaboration.

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Govt moves to tighten insurance regulation as Sanlam Kenya rebrands
business1d ago

Govt moves to tighten insurance regulation as Sanlam Kenya rebrands

The Kenyan government is strengthening its insurance regulatory framework to rebuild trust and support growth in the sector, as Sanlam Kenya officially rebrands to Sanlam Allianz Holdings Kenya following a joint venture.

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Court quashes law criminalising exchange of unregistered seeds
business2d ago

Court quashes law criminalising exchange of unregistered seeds

The High Court of Kenya has declared sections of the Seed and Plant Varieties Act unconstitutional, ruling in favor of farmers' traditional rights to exchange, save, and sell unregistered seeds. This decision effectively decriminalizes long-standing Farmer-Managed Seed Systems and empowers smallholder farmers.

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KQ expects profit to drop by at least 25pc on grounded planes
business2d ago

KQ expects profit to drop by at least 25pc on grounded planes

Kenya Airways (KQ) has issued a profit warning for the year ending December 31, 2025, anticipating a profit drop of at least 25 percent due to grounded planes and a severe shortage of engine parts.

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Russia sees consumer loan restructuring up 79pc in Q2, Q3
business2d ago

Russia sees consumer loan restructuring up 79pc in Q2, Q3

The Central Bank of Russia announced a significant increase in consumer loan restructuring, rising by 79 percent year-over-year in the second and third quarters of 2025, signaling ongoing financial difficulties for borrowers amid an economic slowdown.

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Tenders for Kiambu Road, Northern Bypass dualling set for early 2026
business1d ago

Tenders for Kiambu Road, Northern Bypass dualling set for early 2026

Tenders for the dualling of Kiambu Road and the Northern Bypass in Kenya are slated for release in early 2026, as announced by President William Ruto. These projects aim to alleviate significant traffic congestion in the Nairobi area.

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Will boats be a breakthrough for 3D printing tech?
business1d ago

Will boats be a breakthrough for 3D printing tech?

A new material combining thermoplastics and fiberglass has paved the way for rapidly 3D-printed boats, offering a potential breakthrough in the traditionally labor-intensive boatbuilding industry. This innovation promises to automate a significant portion of the production process and drastically reduce costs and build times.

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Payment fraud leads Kenya cybercrime losses at Sh29.9bn
business2d ago

Payment fraud leads Kenya cybercrime losses at Sh29.9bn

Kenya lost Sh29.9 billion (USD 0.23 billion) this year to cybercrime, with payment fraud emerging as the most prevalent issue, according to the 2025 Serianu Cybersecurity Report. This surge in losses highlights weaknesses in monitoring systems and rising social-engineering attacks.

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Zimbabwe to reduce transaction tax to promote local currency use
business2d ago

Zimbabwe to reduce transaction tax to promote local currency use

Zimbabwe’s Finance Minister Mthuli Ncube announced a reduction in transaction tax on local currency payments to bolster its use. This move aims to promote the ZiG currency while maintaining fiscal stability.

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Govt to deepen partnership with China to improve infrastructure
business2d ago

Govt to deepen partnership with China to improve infrastructure

Kenyan President William Ruto announced the government's commitment to deepening cooperation with China, particularly in infrastructure development. This commitment was highlighted during a meeting with the Export-Import Bank of China (China Exim Bank), where a significant loan agreement for an Intelligent Transport System was discussed.

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Digifarm Launches Jipange Cash Advance to Empower Smallholder Tea Farmers
business2d ago

Digifarm Launches Jipange Cash Advance to Empower Smallholder Tea Farmers

DigiFarm, Safaricom’s Agritech platform, launched Jipange Cash Advance to provide smallholder tea farmers with funds ahead of factory payments, addressing cashflow gaps caused by delayed payouts.

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The logistics revolution that medical tourism needs
business2d ago

The logistics revolution that medical tourism needs

Africa loses nearly $10 billion annually due to citizens traveling abroad for medical treatment. A crucial shift in focus from solely building hospitals to establishing efficient patient logistics is necessary to bolster Africa's medical tourism sector.

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Asahi says 1.5mn customers’ data leaked in cyber-attack
business3d ago

Asahi says 1.5mn customers’ data leaked in cyber-attack

Japanese beer giant Asahi has revealed that a massive cyber-attack in September potentially leaked the personal information of over 1.5 million customers. The attack crippled operations across its Japanese factories and forced a delay in its full-year financial results.

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Reforms could add Sh77bn to Kenya’s GDP – CAK
business3d ago

Reforms could add Sh77bn to Kenya’s GDP – CAK

Kenya could boost its GDP by over Sh77.7 billion through pro-competition reforms, according to a joint report by the World Bank and the Competition Authority of Kenya (CAK). The study highlights that opening markets, particularly in sectors like electricity and professional services, could significantly increase economic growth and job creation.

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Millions in UK to pay more in tax as Reeves says Budget is tackling cost of living
business3d ago

Millions in UK to pay more in tax as Reeves says Budget is tackling cost of living

Rachel Reeves, the Chancellor, announced a £26bn pakcage of tax rises in her latest Budget, stating that "ordinary people" would contribute more, while stressing that those "with the broadest shoulders" would bear the largest burden.

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State’s control of KenGen faulted for weakening power sector competition
business2d ago

State’s control of KenGen faulted for weakening power sector competition

A recent World Bank–Competition Authority of Kenya (CAK) report criticizes the Kenyan government's significant ownership in Kenya Electricity Generating Company (KenGen), stating it distorts competition and deters private investment in the power sector.

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Tesla looks to reset strategy amid sluggish India sales
business2d ago

Tesla looks to reset strategy amid sluggish India sales

Tesla has opened its largest sales and service hub in India amid struggles with weak car sales since its July debut. The EV giant is now seeking to reset its strategy to boost adoption and infrastructure in the country.

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UK growth forecasts lowered from next year
business3d ago

UK growth forecasts lowered from next year

The UK economy is projected to grow at a slower rate than previously anticipated starting next year, according to the Office for Budget Responsibility (OBR). While growth expectations for this year were increased, the forecast for the subsequent four years has been downgraded, primarily due to lower productivity growth.

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Govt support to state-owned sugar mills distorts competition, report
business3d ago

Govt support to state-owned sugar mills distorts competition, report

A new report by the World Bank and the Competition Authority of Kenya (CAK) reveals that government support for state-owned sugar companies distorts competition in Kenya's sugar sector.

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Mars Wrigley to invest Sh4.3bn in new Kenya sugar-free gum line
business3d ago

Mars Wrigley to invest Sh4.3bn in new Kenya sugar-free gum line

Mars Wrigley has invested Sh4.3 billion ($33 million) to expand its Athi River plant in Kenya with a new sugar-free gum production line. This significant investment over the next three years reinforces Kenya's role as a regional manufacturing hub for the confectioner.

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