Latest from Nation Business

business17h ago

Kenya’s air passenger traffic hits record 13.1m despite global slowdown

Kenya's air passenger traffic reached a record 13.1 million in the year to June 2026, a 1% increase, driven by a surge in domestic travel despite a global aviation slowdown.

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business19h ago

Mbadi rules out enhanced borrowing despite reduced revenue projection

National Treasury Cabinet Secretary John Mbadi has ruled out increasing government borrowing to finance the Sh4.82 trillion budget for the fiscal year 2026/27. This decision comes despite a reduced revenue projection from the Finance Bill 2026.

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business1d ago

Skincare retailer rides on ‘Lipa pole pole’ to drive purchases

A Kenyan skincare retailer, The Ivy League Beauty Shop, has introduced a unique payment platform called the "Skincare Wallet" to overcome customer purchasing barriers related to upfront costs.

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business1d ago

Working in a Kenyan abattoir inspired founder of Kenyan fashion brand

The founder of Kenyan Afro-luxury fashion brand Zanta Adeyde, Anyango Omondi, was inspired to create her business from her previous work in a Kenyan abattoir, transforming animal by-products into high-end fashion items.

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business1d ago

Sh28bn Konza manufacturing park aims to cut drug imports

Kenya is considering a Sh27.8 billion biotechnology and pharmaceutical manufacturing park at Konza Technopolis to significantly reduce reliance on imported medicines and active pharmaceutical ingredients (APIs).

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business1d ago

Safaricom Chief Financial Services Officer Esther Waititu quits

Safaricom Plc's Chief Financial Services Officer, Esther Waititu, is set to resign on July 31, 2026, after nearly three years in the role.

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business2d ago

Energy firms dominate KenGen’s Naivasha park

Kenya Electricity Generating Company (KenGen) is attracting significant interest in its Green Energy Park in Naivasha, with energy firms leading the charge among investors.

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business3d ago

Kenyans withdraw half of Sh5.4bn from Boma Yangu affordable housing savings

A significant portion of money saved for Kenya's affordable housing program is being withdrawn by prospective buyers, according to recent data. Refunds from the Boma Yangu platform have nearly reached half of the total funds collected.

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business4d ago

Court certifies as urgent petition challenging KPC's caretaker board

The High Court has certified as urgent a petition challenging the reappointment of the Kenya Pipeline Company (KPC) board of directors, questioning their recruitment process and alleged conflict of interest.

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business5d ago

Betting industry investors face tougher permit requirements

Kenya is tightening regulations on its booming betting industry, introducing stricter licensing requirements for a wider range of operators and service providers. This move aims to enhance oversight and combat potential financial crimes within the sector.

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business6d ago

Kenya moves to make graduates job-ready from day one

Kenya is initiating a significant reform of its skills development system to ensure graduates are job-ready upon completion of their studies, addressing the growing disconnect between education and labor market needs.

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business6d ago

Kenya exports to Iran drop 41pc as war disrupts trade

Kenya's exports to Iran have plummeted by 40.7 percent in the first quarter of 2026, a significant decline attributed to trade disruptions caused by the escalating conflict in the Middle East.

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business1w ago

KRA doubles collections from negotiated tax rows

The Kenya Revenue Authority (KRA) has significantly boosted its collections from negotiated tax disputes through its Alternative Dispute Resolution (ADR) program, more than doubling revenue in the fiscal year ending June. This marks a notable recovery after a substantial decline in the previous year.

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business1w ago

DTB, Safaricom liable for Sh4.4m SIM-swap fraud loss, court rules

Diamond Trust Bank (DTB) and Safaricom have been held liable for a Sh4.4 million SIM-swap fraud loss suffered by a customer, Mercy Wairimu Kariuki, with a court affirming their negligence.

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business1w ago

Litmus test: Firm in liquidation battle bids for Sh65bn Ketraco deal

The National Treasury and Ketraco face a decision on Sh65 billion power projects amid a liquidation battle involving one of the bidding firms, Pabari Investments.

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business1w ago

Why creditors want United Insurance liquidator ejected

Creditors are asking the High Court to remove Kamal Anantroy Bhatt, the court-appointed liquidator of the collapsed United Insurance, over allegations of spending Sh151.8 million without their approval.

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business1w ago

MPs hand CS Mbadi October ultimatum on State parastatals

Kenyan Members of Parliament have given National Treasury Cabinet Secretary John Mbadi an ultimatum of October 2026 to complete the dissolution, merger, or privatization of underperforming state parastatals.

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business1w ago

State to pocket 60pc of excess profits from Rironi–Mau toll road

The Kenyan government will receive 60 percent of any profits exceeding an agreed threshold from the Rironi–Mau Summit toll road. This profit-sharing agreement is part of a 30-year concession for the highway.

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business1w ago

Top taxpayers revealed as KRA nets Sh2.8 trillion

The Kenya Revenue Authority (KRA) announced record tax collections of Sh2.844 trillion for the financial year ending June, driven by strong performance in the manufacturing and energy sectors. Despite surpassing last year's collections by 10.6 percent, the KRA narrowly missed the Treasury's target.

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business1w ago

Apartment prices in Kenya continue to drop

Apartment prices in Kenya have continued their decline for the fourth consecutive quarter, dropping by 3% in the year to March, as an oversupply of flats contrasts with rising demand for standalone homes.

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business1w ago

Saccos Bill: What members stand to gain, changes MPs want enacted

The Sacco Societies (Amendment) Bill, 2025, is currently under consideration in the National Assembly, aiming to strengthen the regulatory framework for Saccos and protect members' savings.

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business1w ago

Kenya's economy grows by 5.3pc in first three months of 2026

Kenya's economy demonstrated robust growth, expanding by 5.3 percent in the first quarter of 2026, a notable increase from 4.9 percent in the same period last year.

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business1w ago

Juba moves to end Kenyan oil marketer’s exclusive fuel deal

South Sudan is broadening its fuel import program to include more Kenyan and international oil marketers, aiming to break Pacific Petroleum’s exclusive deal and stabilize fuel prices.

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business1w ago

Government clears way for importation of duty free rice

The Kenyan government has authorized the duty-free importation of 490,000 metric tonnes of Grade 1 white milled rice. This directive, issued by National Treasury Cabinet Secretary John Mbadi, aims to address shortages driven by increased production costs and adverse weather.

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business1w ago

New law prohibits government from borrowing against future generation billions

President William Ruto has officially signed the Sovereign Wealth Fund Bill, 2026 into law, establishing a dedicated fund for Kenya's mineral and petroleum riches.

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business1w ago

Kenya loses Somalia miraa market ground to Ethiopia

Kenyan miraa exports to Somalia have significantly declined in the first quarter of 2024, with Ethiopian suppliers capturing a larger market share.

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business2w ago

Safaricom shareholders to vote on Vodafone Kenya's power to pick CEO

Safaricom shareholders are set to vote on a proposal that would grant Vodafone Kenya the power to nominate the company's Chief Executive Officer following Vodacom's acquisition of a majority stake.

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business2w ago

'How I built my detergent business'

Elizabeth Wambui, armed with a master’s degree, successfully launched and grew her detergent manufacturing business, Delik Detergents Ltd, by focusing on innovation and addressing everyday consumer needs, all while managing her professional career.

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business2w ago

Entrepreneur turns networking into opportunities for Kenyan SMEs

Kenyan entrepreneur Eric Obwaka is transforming how small and medium-sized enterprises (SMEs) find opportunities by focusing on the power of social capital through his King of Business Networking Academy.

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business2w ago

Bottled water traders to surrender excise stamps

Bottled water traders in Kenya will be required to surrender unused excise stamps following the commodity's removal from the list of excisable goods through the Finance Act, 2026. This change, effective July 1, 2026, is expected to lead to lower product prices.

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