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business1h ago

Manufacturers warn of price hikes as Hormuz crisis disrupts imports

Kenya's manufacturing sector faces significant disruptions and potential price hikes due to escalating Middle East tensions and the blockade of the Strait of Hormuz.

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business1h ago

Vehicle importers tap new financing model in Absa–World Navi pact

Absa Bank Kenya has partnered with Japan-based vehicle exporter World Navi to launch a new financing model aimed at simplifying direct car imports for Kenyan buyers.

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business1d ago

KNPHI to host Health Security Convention to bridge research and policy

The Kenya National Public Health Institute (KNPHI) will host its inaugural Kenya Health Security Convention (KHSC) from May 5 to 8, 2026, in Mombasa, to bridge the gap between health research and policy implementation.

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business1d ago

KRA scraps nil returns for non-income individuals

The Kenya Revenue Authority (KRA) has eliminated mandatory Nil Returns for individuals without taxable income, introducing a new "PIN with No Obligation" (PWO) category.

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business1d ago

Scammers are becoming ever more sophisticated – this is what the fightback looks like

Scammers are employing increasingly sophisticated international tactics, leading to a surge in global fraud losses which the UK alone saw reach £106 million in 2024. The article details how victims like Kirsty are conned out of significant sums, highlighting the complex nature of these criminal networks.

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business1d ago

Roam launches fast-charging e-motorcycle for boda boda market

Roam has launched a new electric motorcycle, the Roam Air Gen 3, designed to address key challenges for Kenya's boda boda sector.

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business1d ago

ODPC faults LOLC Kenya over data breach, orders deletion of client data

The Office of the Data Protection Commissioner (ODPC) has found LOLC Kenya Microfinance Bank Limited liable for unlawfully processing and publishing a former employee’s personal data without consent.

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business1d ago

Strait of Hormuz closed again, Iran says, as ships attacked

Iran has announced the closure of the Strait of Hormuz to commercial vessels, threatening to target any ship that approaches, following reports of vessels being attacked in the waterway.

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business1d ago

Senate flags staff shortages, poor maintenance in County hospitals

The Senate Health Committee has voiced significant concerns regarding widespread staff shortages, underutilised funds, and poor maintenance plaguing public health facilities across several counties during an oversight tour.

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business2d ago

Nairobi to host MEDEXPO 2026 as healthcare demand rises

Nairobi is set to host the 26th edition of MEDEXPO Kenya 2026 from April 22 to 24 at the Sarit Expo Centre, a significant event for the region's burgeoning healthcare sector.

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business2d ago

UNESCO completes flood resilience project in Tana River Basin

UNESCO has successfully concluded a one-year project aimed at bolstering flood resilience in Kenya's vulnerable Tana River Basin. The initiative, launched after the devastating May 2024 floods, developed crucial systems for early warning and data management.

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business2d ago

Lobby moves to court over alleged contaminated fuel

The Consumers Federation of Kenya (COFEK) has filed a court case alleging that fuel sold in Kenya contains harmful chemical compounds linked to the fuel marking programme.

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business2d ago

IMF approves 10-month Staff Monitored Program for Zimbabwe

The International Monetary Fund (IMF) management has approved a 10-month Staff Monitored Program (SMP) for Zimbabwe, launched on Thursday, aiming to anchor macroeconomic stability and facilitate international re-engagement.

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business3d ago

KNCCI warns of economic strain as high fuel costs hit transport sector

The Kenya National Chamber of Commerce and Industry (KNCCI) is warning of significant economic strain, particularly within the transport sector, due to persistently high fuel costs.

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business2d ago

Wajir residents protest high Nairobi flight fares

Residents of Wajir County are protesting what they call "exploitative airfares" on the Nairobi–Wajir route, petitioning the Competition Authority of Kenya (CAK).

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business2d ago

Venezuela says IMF resumes ties after years of suspension

Venezuela is set to reactivate its representation at the International Monetary Fund (IMF) after years of suspended dealings, marking a significant diplomatic achievement.

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business3d ago

Former Airport Sacco officials owe Sh50mn in unpaid loans

Former officials of Airport Sacco reportedly owe the institution a substantial Sh49.96 million in unpaid loans, according to a recent Supervisory Committee report.

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business3d ago

Finance ministers and top bankers raise serious concerns about Mythos AI model

Top financial leaders and central bankers are expressing significant concern over a new AI model named Mythos, developed by Anthropic, which they believe poses serious security risks to global financial systems.

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business3d ago

Ruto signs tax relief law reducing fuel VAT by half for three months

President Ruto has signed a new law reducing the Value Added Tax (VAT) on fuel by 50 percent for three months, aiming to offer immediate relief to motorists and businesses.

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business3d ago

IMF cuts Kenya’s 2026 growth forecast to 4.5pc from 4.9pc

The International Monetary Fund (IMF) has reduced Kenya's projected economic growth for 2026 from 4.9% to 4.5%. This downward revision is primarily driven by concerns over rising inflation and global economic uncertainties.

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business3d ago

Chinese carmaker patents voice-controlled ‘in-vehicle toilet’

Chinese carmaker Seres has been granted a patent for a voice-controlled 'in-vehicle toilet' designed to be concealed under a passenger seat.

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business3d ago

Sama to lay off 1,108 Nairobi staff after Meta contract exit

Outsourcing firm Sama will lay off 1,108 employees at its Nairobi office following the termination of a major contract by Meta.

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business3d ago

Saudi Arabia deposits $3bn in Pakistan’s central bank, extends $5bn facility

Saudi Arabia has deposited $3 billion in Pakistan's central bank and extended an existing $5 billion facility. This financial support aims to bolster Pakistan's economy amidst global challenges.

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business3d ago

Kenyan tea farmers brace for tough year amid Middle East conflict

Kenyan tea farmers face a challenging year due to the conflict in the Middle East disrupting trade routes, leading to significant shipping delays and threatening export earnings.

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business3d ago

Netflix co-founder Reed Hastings to step down as chairman

Reed Hastings, a co-founder of Netflix, is stepping down as chairman of the streaming giant he helped establish nearly 30 years ago.

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business3d ago

BasiGo begins local assembly of electric vans targeting matatus

Electric vehicle assembler BasiGo has commenced local assembly of electric vans in Kenya, targeting the matatu sector and other transport services.

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business3d ago

Govt proposes 8pc fuel VAT cut for three months

The Kenyan government has proposed a reduction in Value Added Tax (VAT) on petroleum products, aiming to alleviate consumer costs.

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business3d ago

Safaricom admits ‘My OneApp’ glitches, moves to fix issues

Safaricom has admitted to experiencing glitches with its recently launched My OneApp and is actively working to resolve them. The new app aims to consolidate multiple Safaricom services into a single platform.

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business4d ago

CBK sees inflation peaking at 6.2pc in July on Iran war

The Central Bank of Kenya (CBK) projects inflation could peak at 6.2 percent in July 2026 due to the ongoing Iran conflict, which is driving up oil prices.

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business4d ago

Tanzania cancels 40 mining exploration licenses

The Tanzanian government has cancelled 40 mineral exploration licenses due to the holders' failure to develop the sites, a move aimed at improving resource governance and boosting the economy.

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