Latest from Nation Business

business23h ago

New labour rules lift house help minimum wage to Sh18,047

New regulations have significantly increased the minimum wage for domestic workers in Kenya, raising monthly pay to Sh18,047 and introducing penalties for non-compliance.

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business1d ago

Housing Levy could stay on your payslip post-Ruto

The Kenyan government plans to use the Affordable Housing Levy collections as collateral for a Sh100 billion loan, potentially making the deduction a long-term feature on workers' payslips.

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business1d ago

State agencies partner to root out tender cartels

Kenya's Competition Authority (CAK) and the Public Procurement Regulatory Authority (PPRA) are intensifying efforts to combat tender cartels that inflate government project costs.

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business1d ago

Distributor fails to stop Diageo’s EABL stake sale to Asahi Group

A Kenyan court has dismissed an application by Bia Tosha Distributors Limited to block the sale of Diageo's 65 per cent stake in East African Breweries Limited (EABL) to Japan's Asahi Group Holdings for Sh305 billion.

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business2d ago

Why MPs are against new Tea export levy

Lawmakers from tea-growing regions are demanding the suspension of a new 0.8 percent export levy on Kenyan tea, fearing significant annual losses for farmers.

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business2d ago

Review of electricity tariffs halted amid inflation fears

Kenya has halted a planned increase in electricity tariffs, initially set for July 1, to protect consumers from rising costs amidst surging inflation and public outcry over fuel prices.

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business4d ago

Tobacco lobby wants 20pc increase on cigarettes, nicotine pouches

The Kenya Tobacco Control Alliance (Ketca) is urging Parliament to amend the Finance Bill, 2026, to implement a significant tax increase on tobacco and nicotine products.

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business4d ago

KQ Sh300m advertising dispute heads to arbitration tribunal

Kenya Airways has won a court battle against Digital Mara Media concerning a disputed advertising contract, with the court directing the parties to arbitration.

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business4d ago

Mombasa port workers secure pay rises in new deal

Workers at the Kenya Ports Authority (KPA) are set to receive pay rises following the signing of a new Collective Bargaining Agreement (CBA) with management, concluding over two years of negotiations.

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business3d ago

Public debt stock rises by Sh533bn in three months

Kenya's public debt has surged by Sh533 billion in the first quarter of the year, reaching a total stock of Sh12.83 trillion by the end of March.

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business3d ago

CA funds rescue 17 Posta branches from planned closure

The Communications Authority of Kenya (CA) is using funds from the Universal Service Fund (USF) to save 17 Posta branches from planned closure.

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business1w ago

KQ wants MPs to reject Bill to regulate import of strategic goods

Kenya Airways is urging Members of Parliament to reject the government's Strategic Goods and Control Bill, warning it could lead to significant flight delays and cancellations.

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business2w ago

KAA to pay contractor Sh75 million in 'tainted' airport tender

The High Court has ordered the Kenya Airports Authority (KAA) to compensate a contractor Sh75 million for work completed on the stalled Mandera-Wargadud Airport project, while upholding the authority's decision to terminate the contract due to fraud allegations.

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business2w ago

Kenya Railways in Sh173bn row over cargo containers

Kenya Railways Corporation is in a Sh173 billion dispute with ATI Freight Kenya Limited over unpaid freight charges, demurrage fees, and the commercial use of 250 cargo containers.

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business2w ago

Workers' purchasing power drops 12pc in five year

Kenya's workers are experiencing a significant drop in purchasing power, estimated at 12% over the last five years due to rising taxes and the high cost of living.

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business2w ago

Ride-hailing users to pay more as Ruto orders minimum Uber, Bolt fares

Ride-hailing users in Kenya will soon face higher fares following a directive from President William Ruto to implement minimum fare regulations for platforms like Uber and Bolt.

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business2w ago

Consolidated Bank wins more business on Mbadi directive

The Kenyan government, through a directive from Treasury Cabinet Secretary John Mbadi, is channeling more business to the Consolidated Bank of Kenya to bolster its role in financing development projects.

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business2w ago

Finance Bill, 2026: The phone tax dropped in 2024 reintroduced

Kenya's Finance Bill, 2026 proposes reintroducing a 25 percent excise duty on mobile phones, a significant increase from previous proposals, and introduces new taxes on digital content earnings.

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business2w ago

Kenya Power earns Sh382m from EV charging infrastructure

Kenya Power has generated Sh382 million in revenue from electric vehicle (EV) charging infrastructure in less than three years, demonstrating rapid growth in this emerging sector.

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business2w ago

KCB Group posts 11pc profit growth to Sh18b in quarter 1

KCB Group has announced a 10.7 percent increase in its net profit for the first quarter of the year, reaching Sh17.81 billion.

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business2w ago

East African Cables set to rise from insolvency after getting new investor

Cable Experts Limited (CEL) has entered into a share purchase agreement to acquire a 68.37% stake in the financially troubled East African Cables PLC (EA Cables), aiming to rescue the company from administration.

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business2w ago

How digital shift fuelled Sh18.3bn profit explosion for Equity Bank

Equity Group Holdings has announced a significant 23.8% increase in profit after tax for the first quarter of 2026, reaching Sh18.3 billion, driven by cost-cutting measures and a digital shift.

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business2w ago

How to lower fuel prices

Kenyan Public Service Vehicle (PSV) operators have suspended a nationwide strike for one week following government assurances to address soaring fuel prices. Negotiations will focus on reducing taxes and oil marketing company profit margins.

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business2w ago

KBC loses bid to block Sh18m debt payout to foreign firms

The High Court has ordered the Kenya Broadcasting Corporation (KBC) to pay over Sh18 million in debt to two foreign sports management firms, rejecting KBC's plea to delay payment due to budgetary constraints.

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business2w ago

Nestlé and Danone under fire over poisonous infant formula

Nestlé and Danone are facing renewed scrutiny over their handling of infant formula contamination, with reports questioning the speed of product recalls in Europe.

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business2w ago

Adan Mohamed sworn in as new KRA Commissioner-General

Adan Mohamed has been officially sworn in as the new Commissioner-General of the Kenya Revenue Authority (KRA), stepping into the role following his appointment on May 18.

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business2w ago

Treasury to wait longer for Sh244bn Safaricom windfall

The High Court has extended a freeze on the sale of a 15 per cent stake in Safaricom Plc to parent firm Vodacom Group Limited, delaying a potential Sh244.5 billion windfall for the National Treasury.

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business2w ago

Epra reviews fuel prices after protests

The Energy and Petroleum Regulatory Authority (Epra) has adjusted fuel prices following widespread protests that disrupted transport across Kenya.

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business2w ago

Hustler Fund now loses Budget support as Ruto shifts to Nyota

Kenya's National Treasury is phasing out direct budget support for the Hustler Fund, a flagship programme launched by President William Ruto, signalling a policy shift towards youth-focused initiatives like the Nyota programme.

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business2w ago

Fears of fuel adulteration return as diesel prices rise

Fears of fuel adulteration are resurfacing in Kenya due to a significant price difference between diesel and kerosene, potentially harming vehicles and the environment.

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