Latest from Nation Business

business1d ago

Drought-hit farmers wary of replanting

Kenyan farmers in drought-hit regions are hesitant to replant maize for the upcoming short rains season, despite government subsidies on crucial inputs.

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business1d ago

Property firm loses tax battle over missing ownership and loan records

A property firm, Fuse Holdings Limited, has lost a significant tax appeal, failing to convince the Tax Appeals Tribunal regarding its ownership and loan records for the years 2020 and 2021.

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business2d ago

CS Kagwe: Kenya has enough sugar for domestic consumption

Kenya has sufficient sugar for domestic consumption, with the government emphasizing no need for further imports. This assurance comes amidst a legal challenge to the recent ban on sugar imports.

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business2d ago

Kenya maize, wheat import demand rises on failed crop

Kenya faces a significant grain shortage, potentially requiring imports of up to 5 million tonnes of maize and wheat due to severe drought impacting crop yields.

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business2d ago

Printing firm loses tax fight with KRA

A printing firm, Graphic Lineups Limited, has lost a tax appeal and must pay Sh15.7 million in Value Added Tax (VAT) on an imported printing press.

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business3d ago

Web attacks up 44pc as hackers target State, ISP systems

Kenya has experienced a significant surge in web application attacks, with government systems and Internet Service Providers (ISPs) identified as primary targets.

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business4d ago

Ruto’s 100,000km fibre optic network plan falters

President William Ruto's ambitious plan to roll out 100,000km of fibre optic network across Kenya is significantly behind schedule, with only 37% completed months before the 2027 deadline.

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business4d ago

The making of a vehicle body fabrication business

Mohammed Kala Ali, founder and CEO of Identity Auto Fabricators Limited, has successfully built a specialized vehicle body fabrication business in Nairobi, Kenya, despite starting during the economic uncertainty of the Covid-19 pandemic.

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business5d ago

Frustration as KRA's eCitizen service suffers outage for days

Customers are experiencing significant frustration due to a prolonged outage of the Kenya Revenue Authority's (KRA) eCitizen service, which has been disrupting the generation and downloading of eTIMS invoices for days.

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business5d ago

New rules for suppliers as taxman integrates eTIMS with Ifmis

The Kenya Revenue Authority (KRA) has integrated its Electronic Tax Invoice Management System (eTIMS) with the Integrated Financial Management Information System (Ifmis), introducing new rules for government suppliers.

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business5d ago

Oil prices surge after US attack on Iran's Larak island

Oil prices saw a significant increase, trading over 2 percent higher, following US strikes on Iran's Larak island and subsequent retaliation from Tehran.

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business6d ago

Tea factory blocked from joining Citibank Sh261 million loan case

The High Court in Nairobi has denied Kiru Tea Factory Company Ltd permission to join a legal dispute where Citibank N.A. Kenya is challenging a criminal investigation into a Sh261 million loan.

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business6d ago

East Africa’s livestock sector showcases innovation at Kenya Meat Expo

The 5th Edition of the Kenya Meat Expo 2026, held at the Kenyatta International Convention Centre from August 26-28, 2026, showcased innovations in East Africa’s livestock sector, attracting regional exhibitors and highlighting advancements in agribusiness.

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business1w ago

Ruto fertiliser subsidy loses 426,000 farmers

President William Ruto's flagship fertiliser subsidy program has seen a significant drop in farmer participation, with 426,000 fewer farmers accessing the scheme in the year ending June.

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business1w ago

Britam half-year net profit up 53 per cent to Sh2.66bn

Britam Holdings has announced a significant increase in its net profit for the first half of 2026, with a 53.3 percent jump to Sh2.66 billion.

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business1w ago

Banks, financiers drive Sh14.3bn advert spend rebound

Kenyan advertising spending rebounded in the second quarter of the year, reaching Sh14.3 billion, a 12.7 percent increase from the previous quarter, driven by restored marketing budgets and a surge in digital platform usage.

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business1w ago

Kenyan businesses face higher online costs as WhatsApp stops free messages

Kenyan businesses will incur higher costs for online customer interactions as Meta begins charging for messages sent through its WhatsApp Business platform starting October 1, 2026.

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business1w ago

Businesses sacrifice profit margins to keep customers amid cost pressure

Kenyan businesses are struggling to maintain profitability by absorbing rising operating costs rather than passing them onto consumers. This strategy aims to protect sales volumes amidst a sensitive market, leading to squeezed profit margins.

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business1w ago

Cooking gas consumption defies steep prices

Despite steep price increases, consumption of cooking gas (LPG) in Kenya grew by over 10 percent in the six months to June 2026.

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business1w ago

Kenya Airways half-year loss widens to Sh16bn as costs balloon

Kenya Airways (KQ) has reported a significantly wider half-year net loss of Sh16.08 billion for the six months to June 2026, an increase from Sh12.15 billion in the previous year.

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business1w ago

Nairobi-Dar refinery rivalry: Oil projects expose long running regional tensions

Long-standing regional rivalries in East Africa are being highlighted by competing oil projects, particularly concerning a new refinery.

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business1w ago

Farmers Choice suffers blow in sausage ingredient row

Meat processor Farmers Choice Limited has lost a tax appeal after a tribunal ruled it filed its challenge against a Kenya Revenue Authority (KRA) tariff decision outside the statutory deadline.

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business1w ago

Why Gen Zs hold the key to Kenya’s agriculture’s future

Elizabeth Nsimadala, Regional President of the Eastern Africa Farmers Federation (EAFF), emphasizes the critical role of Generation Z in transforming Kenya's agricultural sector, highlighting the need for their active participation in decision-making, investment, and business aspects.

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business1w ago

Pressure mounts for State to pay Kwale Sugar Company Sh24 billion

A petition before the National Assembly urges the government to pay Kwale International Sugar Company Limited Sh24 billion awarded by the High Court for a breach of a 2007 land deal.

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business1w ago

Canada to retaliate for US tariffs, worsening ties after talks fail

Canada will impose retaliatory tariffs on US goods worth $20 billion starting September 8, following the collapse of trade talks and new 50 per cent levies by President Donald Trump on Canadian products.

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business2w ago

How Sh188bn debts stalled 580 road projects

Over 580 road projects across Kenya were stalled due to Sh188 billion in unpaid bills to contractors and suppliers. The government has since taken steps to settle these debts through the securitisation of future fuel levies.

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business2w ago

Kenya’s diaspora remittances fall Sh9bn amid global economic shocks

Kenya is facing its first annual decline in diaspora remittances in 17 years, with flows falling by Sh9 billion in the first seven months of the year.

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business2w ago

BOC Kenya raises interim dividend despite 40pc profit dip

Despite a 39.8% dip in net profit for the first half of 2026, BOC Kenya is increasing its interim dividend by 60% to Sh4 per share, continuing a trend of rising payouts.

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business2w ago

Tribunal faults KRA's faith in 'third-party' data for tax assessment

A Tax Appeal Tribunal has ruled that the Kenya Revenue Authority (KRA) cannot solely rely on third-party information to deny a taxpayer's legitimate claim for input Value Added Tax (VAT).

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business2w ago

Treasury rejects call for merger of two public servants' pension schemes

The National Treasury has urged Parliament to reject a petition calling for the merger of two public servants' pension schemes, citing fundamental differences between them.

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