Latest from Capital Business

business13h ago

KTDA names new acting CEO as Wilson Muthaura exits office

Kenya Tea Development Agency (KTDA) Holdings Ltd has appointed Eng. Francis Miano as its Acting Group Chief Executive Officer, effective January 16, 2026, following the departure of Wilson Muthaura.

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business9h ago

Safaricom assures Kenyans ownership, operations unchanged despite share sale

Safaricom has assured Kenyans that its ownership and operations will remain unchanged despite a proposed share sale. The company clarified that changes in shareholding will not affect its governance or regulatory oversight.

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business16h ago

KPC IPO begins trading at NSE

The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) has officially launched at the Nairobi Securities Exchange (NSE), marking a significant step in the Kenyan government's efforts to deepen capital markets and increase public ownership of strategic national assets. This move aims to strengthen local markets, improve corporate governance in state-owned enterprises, and allow Kenyans to invest directly in public assets.

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business16h ago

Gold and silver prices hit high after tariff threat

Gold and silver prices have reached unprecedented highs after US President Donald Trump threatened new tariffs on eight European countries due to a dispute over Greenland.

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business15h ago

IMF warns of trade tension risk to global growth

The International Monetary Fund (IMF) has warned that trade tensions and a potential reversal in the artificial intelligence (AI) boom pose significant risks to global economic growth, despite the global economy being described as "steady" and "resilient" for the current year.

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business14h ago

Ruto launches Sh708mn youth fund at Kasarani

President William Ruto launched the National Youth Opportunities Towards Advancement (NYOTA) Programme at Kasarani, disbursing Sh708.8 million to 14,176 youth from Nairobi, Kajiado, and Kiambu counties.

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business14h ago

Why Kenya Needs a Green Development Finance Institution, and Why the Moment Is Now

Kenya needs a Green Development Finance Institution now more than ever to address climate shocks and ensure sustainable economic growth, according to Deputy Director Portfolio Management at Kenya Development Corporation, Erastus Njoroge. The country's current growth model is increasingly vulnerable to environmental degradation, necessitating a shift towards greener investments.

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business19h ago

KRA records Sh251.5bn monthly tax collection in December

The Kenya Revenue Authority (KRA) achieved a record-breaking tax collection of Sh251.52 billion in December 2025, marking its highest monthly revenue haul ever. This significant increase reflects a 15.88 percent year-on-year growth and surpassed the previous peak set in June 2025.

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business19h ago

China hits growth goal after exports boom defied US tariffs

China reported its economy grew by 5% in 2025, meeting its growth target largely due to record exports, despite domestic challenges and US tariffs. However, some analysts doubt the accuracy of these official figures, suggesting actual growth may be lower.

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business22h ago

Govt releases Sh870mn to support drought-hit families

The Kenyan government has released Sh870.38 million in cash transfers to support 132,780 vulnerable households affected by drought across eight arid counties. This funding aims to boost purchasing power and stabilize food consumption during the ongoing drought.

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business22h ago

300,000 Ford vehicles recalled in Canada

Transport Canada has announced a recall for over 300,000 Ford vehicles due to a fire risk caused by a short circuit in the engine block heater. Owners are advised not to use the heater until repairs are completed.

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business1d ago

Court fast-tracks case on safety of sanitary pads and diapers

The Court of Appeal in Nairobi has fast-tracked a public interest appeal concerning the safety, marketing, and environmental impact of sanitary pads and diapers in Kenya, citing the urgent nature of the matter for public health and consumer rights.

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business1d ago

Trump tariff threat over Greenland ‘unacceptable’, European leaders say

US President Donald Trump's threat to impose new tariffs on eight European allies due to their opposition to his proposed acquisition of Greenland has drawn strong condemnation from European leaders. This move has escalated tensions, prompting an emergency EU meeting and widespread protests.

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business2d ago

KQ dismisses theft claims, defends safety and staff integrity

Kenya Airways (KQ) has vehemently denied recent allegations published by The Standard newspaper on January 15, 2026, which claimed aircraft parts looting, poor governance, and safety lapses.

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business2d ago

Burna Boy drops new song celebrating Africa’s sports stars

Grammy-winning Nigerian artist Burna Boy has released a new single, “For Everybody,” and an accompanying music video in collaboration with Sporty Group, celebrating Africa’s sports heritage.

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business2d ago

NSE wants Safaricom stake sale done through the exchange

The Nairobi Securities Exchange (NSE) supports the National Treasury's plan to sell a 15 percent stake in Safaricom Plc, but only if the transaction occurs through the NSE Block Trading Board to ensure transparency and market confidence.

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business2d ago

ChatGPT to carry adverts for some users

OpenAI has announced that adverts will soon appear in its AI tool, ChatGPT, for some users, initially trialled in the US. This move introduces a new, cheaper subscription tier called ChatGPT Go, costing $8 a month globally, alongside the free service.

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business3d ago

China and Canada announce tariffs relief after a high-stakes meeting between Carney and Xi

China and Canada have announced significant tariffs relief following a high-stakes meeting between Chinese leader Xi Jinping and Canadian Prime Minister Mark Carney in Beijing, signaling a reset in their strained relationship.

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business3d ago

Safaricom dealers warn against state stake sale to Vodacom

The Safaricom Dealer Association has cautioned the Kenyan government against selling a 15 percent stake in Safaricom to Vodacom Group, fearing it could undermine Safaricom's dealer-based distribution model. The government plans to sell 6 billion shares at Sh34 per share, raising approximately Sh204.3 billion.

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business3d ago

Balancing disruption, regulation and inclusion in a changing risk landscape

The Kenyan insurance industry is undergoing a significant transformation, balancing disruption, regulation, and inclusion to adapt to a rapidly changing global risk landscape driven by climate, cyber threats, and digital evolution. The focus is shifting from simply absorbing risk to proactively empowering resilience through foresight and collaboration.

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business3d ago

NCBA Golf Series tees off with Sh60mn investment

The NCBA Golf Series officially launched its sixth edition on Thursday at Karen Country Club, backed by a KSh60 million investment aimed at developing the sport across Kenya, Uganda, Tanzania, and Rwanda.

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business3d ago

We won’t pass a budget that ignores women, girls and youth, Kirinyaga Woman Rep

Kirinyaga Woman Representative Njeri Maina has vowed to reject any national budget that fails to allocate funds for sanitary towels, emphasizing the critical importance of girls' dignity, education, and health. She also urged young people to organize and advocate for political influence and economic empowerment.

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business3d ago

Bereaved mother hopes for TikTok ‘accountability’

A mother whose son died attempting a TikTok "blackout challenge" is suing the social media giant, seeking "accountability" for content she claims led to his death. Ellen Roome is attending the first day of a hearing in the USA hoping to compel TikTok to release data related to her son's social media activity.

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business3d ago

EACC arrests former Homa Bay officials over Sh348.9mn procurement scam

The Ethics and Anti-Corruption Commission (EACC) has arrested former Homa Bay County officials, including Faith Adhiambo Apuko, ex-acting clerk, and Patrick Tonui, a former quantity surveyor, alongside directors of Hartland Enterprises Limited over a Ksh348.9 million procurement scam. The arrests stem from alleged irregularities in Tender No. HBCA/T/W6/2018–2019 for the construction of the Homa Bay County Assembly office block.

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business3d ago

How realistic is India’s quest for magnets made of rare earths

India has approved a 73-billion-rupee ($800m; £600m) plan to produce rare earth magnets, aiming to reduce its dependence on China, which currently controls over 90% of global rare earth processing. The initiative seeks to achieve self-reliance by focusing on magnet production, a crucial component in electric vehicles, wind turbines, and smartphones.

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business3d ago

Uchumi Supermarket reopens Unicity Mall, Lang’ata Hyper branches

Uchumi Supermarket has reopened two branches in Nairobi, at Unicity Mall and Lang’ata Hyper, as the retailer attempts to revive operations after years of financial difficulties.

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business3d ago

Airtel pushes for call rate reforms as Treasury defends single-bidder Safaricom sale

Airtel Kenya is advocating for significant regulatory reforms in the telecommunication sector, particularly concerning call termination charges, arguing that changes in Safaricom's ownership alone will not foster adequate competition. This comes as the National Treasury defends its plan to sell a 15 percent stake in Safaricom to Vodafone Kenya through a single-bidder process, a move questioned by the Institute of Certified Public Accountants of Kenya (ICPAK).

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business3d ago

KRA seizes Sh281m contraband cigarettes at Mombasa Port

The Kenya Revenue Authority (KRA) has seized over 9.3 million sticks of contraband cigarettes, valued at Sh281.1 million, at the Port of Mombasa. This interception thwarted an illegal import attempt, with the cigarettes concealed in a 40-foot container.

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business3d ago

Trump’s Fed fight looks like something from another country

Donald Trump's ongoing disputes with the Federal Reserve are drawing parallels to political interference in central banks in emerging markets, raising concerns about potential economic instability and the Fed's independence.

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business3d ago

US to cut tariffs on Taiwanese goods after investment pledge

The US has agreed to reduce tariffs on goods from Taiwan to 15% in exchange for a significant investment pledge aimed at boosting domestic semiconductor production. This move seeks to enhance US self-sufficiency in a critical industry previously affected by supply chain shortages.

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