Latest from Capital Business

business13h ago

Murang’a farmers oppose proposed 0.8pc Tea Export Levy

Murang’a County tea farmers are strongly opposing a proposed 0.8 percent levy on tea exports, fearing it will reduce the competitiveness of Kenyan tea internationally.

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business13h ago

Kenya among three African nations selected for Sh9.7bn eye care initiative

Kenya has been selected as one of three African nations to benefit from a substantial $75 million (Sh9.7 billion) initiative by Bloomberg Philanthropies, aimed at significantly expanding access to eye care services and tackling preventable blindness.

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business12h ago

KPC ends newspaper tender adverts, moves procurement online

The Kenya Pipeline Company (KPC) has transitioned its procurement advertising from newspapers to its official website, effective June 9, 2026.

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business7h ago

CBK maintains 8.75pc rate, cuts 2026 growth forecast

The Central Bank of Kenya (CBK) has maintained its benchmark lending rate at 8.75 percent, citing rising inflation primarily driven by increased global energy prices.

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business7h ago

EU orders Meta to open WhatsApp to rival AI chatbots

The European Commission has ordered Meta to grant competitors' AI chatbots free access to WhatsApp, pending an antitrust investigation into the tech giant's decision to block third-party AI providers.

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business19h ago

Amazon seeks CA approval for satellite earth station in Kenya

Amazon Kuiper Kenya Limited, a subsidiary of the American tech giant, has applied for regulatory approval to establish a satellite earth station in Kenya. This move signals the company's intent to enter the country's growing satellite internet market.

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business19h ago

OpenAI plans to go public, intensifying investment race with Anthropic

OpenAI, the creator of ChatGPT, has confidentially filed with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO), intensifying its competition with rival Anthropic, which also plans to go public.

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business17h ago

Sasra appoints new ceo amid troubles in Sacco sector

Sasra has appointed David Sandagi as its new Chief Executive Officer, taking over from Peter Njuguna.

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business17h ago

Morocco’s GDP up 4.9pc in 2025

Morocco's gross domestic product (GDP) experienced a significant growth of 4.9 percent in 2025, an increase from 4.4 percent in 2024, according to the official High Commission for Planning.

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business15h ago

KAM warns VAT changes could raise prices of e-motorcycles, phones

The Kenya Association of Manufacturers (KAM) is warning that proposed tax changes in the Finance Bill 2026 could significantly increase the cost of essential products like electric motorcycles and mobile phones.

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business20h ago

Senate, National Assembly near deal on Counties’ revenue sharing

The Kenyan Senate and National Assembly are nearing a deal on counties' revenue sharing, with key negotiations centering on a provision to protect devolved units from sudden funding cuts.

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business20h ago

Farmers demand better markets, affordable credit at Nairobi summit

Faced with persistent inequalities, farmers and policymakers at a Nairobi summit are demanding urgent reforms for better market access, affordable credit, and resilient food systems.

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business20h ago

US adds BYD to list of firms with alleged Chinese military ties

The United States has added major Chinese companies, including electric vehicle maker BYD and tech giant Alibaba, to a list of firms it alleges have ties to the Chinese military.

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business19h ago

From Risk to Resilience: Why East Africa Must Rethink Insurance

East Africa must fundamentally rethink its approach to insurance, shifting from a reactive crisis-driven mindset to one focused on resilience and long-term planning. Low insurance penetration across the region highlights a significant under-protection and a substantial growth opportunity.

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business1d ago

Kenya Power to close all physical payment counters

Kenya Power is set to close all its physical payment counters nationwide by June 2027 as it shifts towards digital service delivery in response to increased online payment adoption.

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business1d ago

EU to disburse first 9.1 bln euros under Ukraine loan package

The European Union (EU) is set to disburse its first tranche of 9.1 billion euros to Ukraine this June as part of a larger financial assistance package. The funds are designated for critical military and economic needs.

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business1d ago

Five Years On: Remembering Chris Kirubi’s Enduring Legacy

Five years after his passing, Kenyan business mogul Chris Kirubi is being remembered for his enduring legacy of mentorship and inspiration.

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business21h ago

Jailed crypto founder Sam Bankman-Fried seeks Trump pardon

Convicted cryptocurrency magnate Sam Bankman-Fried, currently serving a 25-year sentence for fraud, has reportedly applied for a pardon from President Donald Trump.

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business21h ago

Kilifi residents oppose new taxes during Finance Bill hearings

Kilifi residents have voiced strong opposition to several tax proposals within the Finance Bill 2026, particularly those impacting digital services and mobile devices, during recent public participation hearings.

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business1d ago

KRA powers expanded to pursue unremitted pension deductions

Employers withholding pension deductions from workers could face stricter enforcement, including bank freezes and asset seizures, under a new Bill proposed in the Kenyan Parliament.

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business1d ago

Old Mutual seeks balance sheet overhaul to boost future dividends

Old Mutual Holdings PLC is proposing a balance sheet overhaul to improve its capacity for future dividend payments and long-term investor value. Shareholders will vote on the plan at the company's 18th Annual General Meeting on June 30, 2026.

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business1d ago

Ruto launches Kenya–Benelux Chamber to boost trade, investment

Ruto urged investors from the three European countries to expand their presence in Kenya, particularly in manufacturing and value addition sectors. Kenya breaking news | Kenya news today |

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business1d ago

I was applying for hundreds of jobs – this tip helped me get one

Several individuals who struggled to find employment have shared distinct strategies that helped them secure their first jobs after sending numerous unsuccessful applications.

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business1d ago

Kagwe pushes for tougher action against fake farm inputs

Kenya, through Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe, is urging for more stringent global regulations and enforcement against counterfeit farm inputs, warning of severe impacts on public health, farmers' livelihoods, and export markets.

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business1d ago

Spain’s visitor numbers hit new highs as tourists avoid Middle East

Spain's tourism sector is experiencing record-breaking visitor numbers, with 9.1 million international arrivals in April alone, surpassing previous highs. This surge is partly attributed to geopolitical instability in the Middle East and Eastern Mediterranean, making Spain a more attractive and perceived safer destination.

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business1d ago

Turn Everyday Spending into Real Value with SBM Rewards Program

SBM Bank has launched the SBM Rewards program via its Mfukoni app, allowing customers to earn redeemable points on everyday card spending.

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business1d ago

How to Earn Big with SBM’s Platinum Saver

SBM Bank Kenya has launched its Platinum Saver Account, offering high interest rates to help customers grow their savings efficiently.

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business1d ago

Bankers push for uniform PAYE cut to boost economy

The Kenya Bankers Association (KBA) is advocating for a uniform Pay As You Earn (PAYE) tax cut across all income brackets, arguing that targeted relief for low-income earners will have a limited economic impact.

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business1d ago

Airtel opens four new customer care centres in Nairobi

Airtel Kenya has opened four new customer care centres in Nairobi to address the increasing demand for mobile connectivity, digital, and financial services.

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business1d ago

Oil prices edge higher after strikes on Israel test ceasefire

Oil prices experienced an increase as Iran launched missiles at Israel, potentially jeopardizing a fragile ceasefire agreement.

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