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business4h ago

KVM starts local assembly of Toyota Hiace in Thika

Kenya Vehicle Manufacturers (KVM) has launched a new Toyota Hiace assembly line at its Thika plant, a move supported by a significant investment to boost local automotive production.

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business4h ago

Bolt Targets Everyday Consumer Spending with Quickmart Retail Deal

Bolt Food has partnered with Quickmart, Kenya's second-largest supermarket chain, to expand its services beyond food delivery into the on-demand retail sector.

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business3h ago

NCBA, diplomats map trade-linked sector entry strategies across East Africa

NCBA Group convened with diplomats and investors from over 20 countries to strategize sector-specific entry into East Africa's expanding trade economy. Discussions centered on key investment areas and navigating regional integration.

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business3h ago

Britam pays Sh97.3m in climate-linked claims in 2025

Britam paid out Sh97.3 million in insurance claims in 2025 to protect over 402,681 farmers and pastoralists impacted by climate shocks across East Africa.

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business2h ago

Kenya Power moves to Regularize EV charging customers as e-mobility tariff revenues surge

Kenya Power is actively identifying and migrating all Electric Vehicle (EV) charging customers to its specialized e-mobility tariff to improve revenue tracking and sector planning.

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business5h ago

Hybrid Work Demand Spurs Nairobi Office Expansion as IWG Opens Three New Centres

The International Workplace Group (IWG) has opened three new flexible workspaces in Nairobi, responding to a growing demand for hybrid working models that blend remote and office-based work.

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business5h ago

Kenya private sector Contracta as costs spike to 2023 highs – PMI

Kenya's private sector experienced a further contraction in May, reaching its lowest point since July 2024, as rising costs and weakening demand significantly impacted business conditions.

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business9h ago

Kenya Bets on Data and Space Technology to Drive Growth, Attract Investors

Nairobi is hosting Africa’s first Global Data Festival alongside the Kenya Space Expo and Conference, underscoring the nation’s commitment to leveraging data and space technology for economic growth and attracting investment.

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business23h ago

Atwoli Warns AI Could Deepen Inequality Despite Productivity Gains, Calls for Global Labour Rules

Francis Atwoli, Secretary General of the Central Organization of Trade Unions – Kenya (COTU-K), has warned that Artificial Intelligence (AI) could worsen global inequality despite its productivity gains, calling for international labor regulations.

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business1d ago

Treadway, Invasion Commit $1.25 Billion to Back African Startups Through New Incubation Platform

Treadway Investment Bank and Invasion Limited have launched Project Falcon, a new startup incubation platform for African entrepreneurs, backed by a substantial funding commitment.

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business1d ago

Govt To Keep Power Tariffs Unchanged After Withdrawing KPLC Review Bid

Kenyan consumers and businesses will continue to pay current electricity rates after the government withdrew a retail electricity tariff review application submitted by the Kenya Power and Lighting Company (KPLC).

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business1d ago

COFEK Seeks Ouster of Education PS Julius Bitok, Cites Passport Scandal Allegations

The Consumers Federation of Kenya (COFEK) has petitioned the Public Service Commission (PSC) to remove Basic Education Principal Secretary Julius Bitok, citing allegations of a passport scandal and failures in public administration.

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business1d ago

Kenya Economy Steady at 4.6pc, But Debt and Energy Costs Weigh on Outlook – EBRD

Kenya's economy is expected to see steady but subdued growth of 4.6% in 2026, according to the European Bank for Reconstruction and Development (EBRD). However, rising energy costs and a high debt burden pose significant challenges to the outlook.

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business2d ago

State Considering Budget Allocation to Clear Part of Sh12bn Flower Export Tax Claims

The Kenyan government is considering budgetary allocations to address a significant backlog of Sh12 billion in VAT refund claims owed to flower exporters, alongside reforms to the tax system.

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business2d ago

Kenya Bets on Aviation Reforms to Secure Bigger Share of Global Flower Market

Kenya is implementing aviation reforms, including expanding Jomo Kenyatta International Airport (JKIA) and revitalizing Kenya Airways (KQ), to boost its share of the global flower market.

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business2d ago

Lobby Flags Plans to Excise Uhuru Park, Central Park for Uhuru Highway Works

The Green Belt Movement (GBM) has flagged potential plans to reduce Uhuru Park and Central Park in Nairobi for the expansion of Uhuru Highway, raising alarms about the legality and environmental impact of these proposed works.

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business2d ago

New ITC–Equity Partnership Targets Trade Finance Gap in East Africa’s Value Chains

The International Trade Centre (ITC) and Equity Group Holdings have partnered to address the trade finance gap and boost exports in East Africa's key value chains.

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business1d ago

Blow to NSSF as Court Upholds Refusal to Pause Controversial Labour Court Decision

The Court of Appeal has denied the National Social Security Fund (NSSF) Board of Trustees an urgent application to suspend a ruling that invalidated key provisions of the NSSF Act, 2013.

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business2d ago

KeNHA Seeks Consultants for PPP-Backed Mau Summit-Malaba Highway Project

The Kenya National Highways Authority (KeNHA) is seeking consultants for a technical feasibility study to upgrade the Mau Summit-Eldoret-Malaba highway through a Public-Private Partnership (PPP) model.

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business2d ago

Kenyan-built UrbanTok launches as Africa pushes for creator economy independence

Kenyan tech company Bensystems Limited has launched UrbanTok, a new social media platform centered on creator monetization, during the Connected Africa Summit 2026 in Nairobi.

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business2d ago

Spiro secures $215m to expand Africa’s electric mobility and battery-swapping network

African electric mobility firm Spiro has successfully secured a substantial $215 million (Sh27.8 billion) equity investment to significantly expand its electric vehicle operations and battery-swapping network across the continent.

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business2d ago

Bolt Dismisses Claims of Kenya Exit, Says Operations Remain Uninterrupted

Ride-hailing platform Bolt has strongly refuted claims circulating on social media about its alleged exit from Kenya next week, labeling the reports as false and malicious.

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business2d ago

Motorists to Receive Traffic Fines via SMS as NTSA Digitizes Enforcement

Motorists in Kenya will now receive traffic fines for minor offences via SMS, email, or physical notices, enabling them to pay without immediate court appearances under a new digital enforcement system.

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business2d ago

Why the Finance Bill 2026 Proposal on Non-Resident Landlords Is a Step Towards Tax Equity

The Finance Bill 2026 proposes reforms to the taxation of non-resident landlords, aiming to improve tax equity within Kenya's significant real estate sector.

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business3d ago

PMI urges better project delivery as Kenya tables record Sh4.8tn budget

Project management professionals are urging Kenya to improve the delivery of government projects following the presentation of a record Sh4.8 trillion budget for the 2026/27 financial year.

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business2d ago

TravelTech Firm Triply Highlights Digital Shift in Africa Tourism Sector at Five-Year Milestone

TravelTech firm Triply celebrated its five-year milestone by hosting an inaugural Gala Dinner and Awards Ceremony in Nairobi, recognizing excellence and digital transformation in Africa's travel industry.

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business3d ago

VAT exemption to lower sugarcane transport costs in 2026 Finance Bill

The Finance Bill 2026 proposes shifting sugarcane transport services from zero-rated to VAT-exempt status, aiming to significantly reduce costs for farmers and transporters.

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business3d ago

Rhino Charge raises Sh365mn as Ruto pledges Sh200mn for conservation

The Rhino Charge Event successfully raised KSh365.4 million for conservation, with President William Ruto pledging KSh200 million over two years to the Rhino Ark Charitable Trust.

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business3d ago

Inside Kenya’s Manufacturing Squeeze as Production Costs and Imports Rise

Kenya's manufacturing sector faces significant challenges due to a confluence of rising production costs, intensified import competition, and weakening consumer demand, impacting industrialization goals.

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business4d ago

KRA to procure 72 scanners to boost cargo inspection and tax compliance

The Kenya Revenue Authority (KRA) is set to significantly boost cargo inspection and tax compliance by procuring an additional 72 cargo scanners.

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