- NAIROBI, Kenya, June 19 – The Kenya Revenue Authority (KRA) seeks to make the value-added tax (VAT) category the leading source of tax for the country through digital reforms. Medium and Small Taxpayers Commissioner George Obell gave the example of Kenya’s electronic Tax Invoice Management System (…
- JUNE 19 – The boss of OpenAI, Sam Altman, says members of his team have been getting “giant offers” from rival tech firm Meta, including $100m (£74.3m) “signing bonuses.” Meta – which owns Facebook, Instagram and WhatsApp – is attempting to boost the artificial intelligence (AI) side of its…
- WEST POKOT, Kenya, June 19 – A mentorship and empowerment initiative has uplifted 700 women in West Pokot through financial literacy, technical skills, and entrepreneurial training under a program spearheaded by HER Lab. The forum, themed “The 8 Qualities of a Wealthy Woman,” was inspired by Suze…
- NAIROBI, Kenya, June 19 – A total of 600 youth from Homa Bay County have graduated with Grade III certification from the National Industrial Training Authority (NITA) under the KCB Foundation’s 2Jiajiri Programme. The vocational training, implemented in collaboration with the Homa Bay County…
- JUNE 19 – People and businesses in the US have faced a whirlwind of policy change in recent months. But one thing has remained fixed: borrowing costs set by the US central bank. The Federal Reserve stuck with that strategy on Wednesday, leaving its key interest rate unchanged, even as officials’…
- NAIROBI, Kenya, Jun 19 – The National Assembly Finance Committee has confirmed that a suspected cyber disruption affected official parliamentary email systems during public submissions on the Finance Bill 2025. In a detailed statement, the committee revealed that on Saturday, May 31, 2025, the…
- NAIROBI, Kenya, June 18 – Air France has deployed the Airbus A350-900 on its Paris–Nairobi route, boosting seat capacity by 16% and reinforcing its commitment to modernising its African operations. The aircraft replaces the Boeing 787-9 previously flying the route. The switch comes amid growing…
- NAIROBI, Kenya Jun 18 – The fate of Kenya Fisheries Service (KeFS) Director General Daniel Mungai hangs in limbo nearly a year after the Board of Directors approved the renewal of his contract following conflicting advice from the ministry. Despite Mungai applying for an extension six months ahead…
- JUNE 18 – Chocolate prices in the UK rose at the fastest pace on record in May as the overall cost of food continued to climb, official figures suggest. The main rate of inflation remained at 3.4% in the year to May, the highest for more than a year. However, food prices grew for the […]
- NAIROBI, Kenya, June 18 – A staggering 82 percent of Kenyans were targeted by digital fraud between August and December 2024, a new report by global information and insights company TransUnion has revealed. While most of those targeted managed to avoid falling victim, 11 percent reported that they…
- NAIROBI, Kenya, June 18 – A new government audit has revealed that Sh2.08 billion in salaries owed to university staff in the 2023/2024 financial year remains unpaid, exposing significant financial and ethical lapses within public institutions. The audit, covering the year ending June 30, 2024,…
- NAIROBI, Kenya, June 18 – Britam’s innovation hub, Betalab, has invested Sh5 million in fintech startup Oye to expand access to insurance and fuel credit for boda boda riders. The investment targets a critical gap in financial protection for riders, a group often exposed to economic shocks and road…
- TOKYO, June 18 (Xinhua) — Japan recorded a trade deficit of 637.6 billion yen (about 4.4 billion U.S. dollars) in May, marking the second consecutive month in the red, according to data released Wednesday by the Ministry of Finance. The deficit was largely driven by a decline in auto exports to the…
- NAKURU, Kenya, June 18 -Vivo Energy Kenya, the exclusive licensee of Shell-branded fuels and lubricants in the country, successfully hosted the Vivo Energy Agriculture Conference 2025 at the Midlands Hotel in Nakuru. Held on Wednesday, the event brought together over 100 stakeholders—farmers,…
- NAIROBI, Kenya, June 18 – Kenya’s ambitious move to tax digital assets has delivered a windfall for government coffers, raking in Sh10 billion in revenue over the past financial year, an achievement underscored by former KRA chair Anthony Mwaura. But beneath this fiscal triumph, anxiety is mounting…
- NAIROBI, Kenya, June 17 – The United Arab Emirates has revoked the licence of Sundus Exchange and imposed a fine of AED10 million (about Sh400 million) for violating anti-money laundering (AML) and counter-terrorism financing regulations. The Central Bank of the UAE (CBUAE) announced the move as…
- JUNE 18 – Amazon boss Andy Jassy has told staff to embrace artificial intelligence (AI) and warned the technology will lead to a smaller corporate workforce in the next few years. He shared the prediction in a memo to staff on Tuesday, which urged employees to “be curious about AI”. The tech giant…
- NAIROBI, Kenya, June 18 – The Central Bank of Kenya (CBK) has increased bulk payment settlement time to enable completion of large-value and time-sensitive transactions. Starting July 1, 2025, the Kenya Electronic Payment and Settlement System (KEPSS), the national Real Time Gross Settlement (RTGS…
- NAIROBI, Kenya, June 17 – Carbon markets could release 1.5 to 2.5 gigatonnes of new emissions annually, fueling more pollution in Africa, a recent report by Power Shift Africa has revealed. The report titled “Why Carbon Markets Are a Dangerous Distraction for Africa” shows that carbon markets lead…
- JUNE 18 – TikTok will live on for at least another three months in the United States, as President Donald Trump is poised to extend a sale or ban deadline for the third time since taking office this year. “President Trump will sign an additional Executive Order this week to keep TikTok up and…
- NAIVASHA, Kenya, June 17 – President William Ruto has defended the government’s Affordable Housing Programme, stating that no level of criticism will deter his administration from pushing forward with the initiative, which he says is central to uplifting low-income Kenyans and transforming urban…
- MOMBASA, Kenya, June 17, 2025 — Regional leaders, conservationists, and private sector players gathered at the Serena Beach Resort & Spa in Mombasa to mark World Oceans Day with a call for bold, collective action to secure the future of marine ecosystems and unlock the potential of the blue…
- JUNE 17 – Mali’s military junta has started building a gold refinery in partnership with a Russian conglomerate, the Yadran Group. The project would embody the West African nation’s assertion of its “economic sovereignty”, and ensure the nation benefited from its mineral wealth, military leader Gen…
- NAIROBI, Kenya, June 17 – The inaugural International Religious Freedom (IRF) Summit Africa kicked off Tuesday in Nairobi, positioning religious liberty as a foundational driver for peace, social cohesion, and economic development across the continent. Organized by Pepperdine University and the…
- By Prudence Khamati JUNE 17 – Insurance for most Kenyans, is a grudge purchase – something people reluctantly buy because it is mandated, not necessarily because they see its value. This has contributed to a low insurance penetration rate of under 3%, according to the Insurance Industry Annual…
- JUNE 17 – Social media and video networks have become the main source of news in the US, overtaking traditional TV channels and news websites, research suggests. More than half (54%) of people get news from networks like Facebook, X and YouTube – overtaking TV (50%) and news sites and apps (48%),…
- NAIROBI, Kenya, June 17 – Troubled property developer Banda Homes has been placed under official liquidation after months of financial distress and complaints from homebuyers. Mark Gakuru has been appointed as the official liquidator, according to a Gazette notice issued following a ruling by the…
- NAIROBI, Kenya, June 17 – Power Learn Project (PLP), in partnership with Safaricom Hook, has graduated 300 youth from its 16-week software development program, as the two organisations push for wider industry uptake of Kenya’s growing pool of digital talent. The training, launched in October 2024,…
- NAIOBI, Kenya, June 17 – Cross-border payments platform Verto has launched Verto Reserve, a new treasury feature that allows businesses to earn up to 10% interest on idle funds held in both G10 and African currencies—regardless of where they are incorporated. The offering is designed to help…
- NAIROBI, Kenya, June 17 – Afya Gemma, a clinical decision support platform developed by Aga Khan University’s Data Innovation Office, has been selected for the 2025 Google.org Accelerator. The recognition positions the platform to scale its AI-powered medical support tools across Kenya’s healthcare…
- NAIROBI, Kenya, June 17 – The Kenya Revenue Authority (KRA) is keen on leveraging technology as part of reforms to fully digitize value-added tax (VAT). KRA’s Commissioner for Micro and Small Taxpayers, George Obell, who spoke during the African Development Bank (AfDB) VAT Digitalization Seminar,…
- JUNE 17 – British Steel has secured a five-year contract worth £500m to supply train tracks for Network Rail, in a move which could help safeguard the short-term future of the Scunthorpe steelworks. The company will forge more than 337,000 tonnes of track, securing thousands of jobs, two months…
- JUNE 17 – The UK is expected to unveil new sanctions against Russia designed to “restrict Putin’s war machine” alongside other Ukraine allies on Tuesday. Prime Minister Sir Keir Starmer said the measures would increase economic pressure on the Kremlin to show Vladimir Putin “it is in his and Russia…
- NAIROBI, Kenya, June 17 – The National Assembly’s Finance and Planning Committee has declined a controversial proposal in the Finance Bill, 2025, that sought to grant the Kenya Revenue Authority (KRA) extensive powers to access personal data from third parties for tax compliance purposes. In its…
- JUNE 17 – A deal removing some trade barriers between the UK and US has been signed off by President Donald Trump. The move will bring into force parts of an agreement agreed between the two countries last month, and reduce tariffs on UK cars being shipped to the US. It comes after weeks of […]
- NAIROBI, Kenya, June 17 – President William Ruto assented to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025 at State House Nairobi on Tuesday. He also signed into law the Insurance Professionals Bill (National Assembly Bills No. 13 of 2024). The Anti-…
- By Leonard Agufa, JUNE 17 – The creations of our minds—songs, scripts, films, brand names, and so on—hold immense economic and cultural value. To fully realize that value, protecting these creations is crucial. If a creator fails to secure their intellectual property, they risk losing the ability…
- JUNE 17 – A project to build the UK’s largest road tunnel has been granted £590m by the government. Constructing the Lower Thames Crossing, linking Tilbury in Essex and Gravesend in Kent, will cost an estimated £10bn. Plans for the 14.5-mile (23km) route were approved in March after a 16-year…
- NAIROBI, Kenya, June 17 – Zeno, a global electric mobility company founded by a former Tesla Executive, has entered the East African market with the launch of electric bikes in Kenya. The San Francisco, Nairobi, and Bangalore-based company is establishing two assembly hubs and nine showrooms across…
- JUNE 16 – WhatsApp is launching three new ad features in a global roll-out across the messaging app. The Meta-owned platform says the new ads will not be shown in the same place as people’s private chats, nor will the contents of their messages – which are encrypted – be used to decide which ads […]
- NAIROBI, Kenya, June 16 – Equity Bank has emerged as Kenya’s most valuable brand in 2025, according to the latest Brand Finance Kenya report. The lender leads the pack with a brand value of Sh71.3 billion, boosting its dominance in the country’s financial services sector. Following closely are…
- By Njeri Jomo JUNE 16 – We often think of healthcare as something we turn to when we are unwell. A service we access, a system we rely on. Yet for many Kenyan households, healthcare is something far more precarious: a financial cliff. A single illness, an unexpected accident, a hospital bill that…
- NAIROBI, Kenya, Jun 16 – Bybit, a global cryptocurrency exchange, has stepped up its platform security and user protection efforts to curb fraud. Wilson Ogheneovo, the Regional Manager for Bybit in Africa, revealed the company is rolling out enhanced safety features, including escrow services that…
- NAIROBI, Kenya, June 16 – Access Bank, Cambridge University Press, Kenyatta University Teaching and Referral Hospital, Serena Hotel, DHL, Bowmans, G4S, the Marketing Society of Kenya, Hair Manufacturing, Sai Office Supplies, and Orpower are among several companies and individuals whose imported…
- NAIROBI, Kenya, June 16 – Owners of luxury vehicles in Kenya are increasingly opting for aftersales services from Original Equipment Manufacturer (OEM)-approved dealerships to maintain vehicle performance, safety standards, and long-term value. Firms like Inchcape Kenya—official retailer and…
- NAIROBI, Kenya Jun 16 – Africa’s young agri-tech innovators are set to converge in Kampala, Uganda for the Agriculture, Youth, and Technology (AYuTe) NextGen 2025 Conference, scheduled to take place from June 17 to 19. The three-day summit, organized by Heifer International, is expected to draw…
- NAIROBI, Kenya, June 16 – Del Monte Kenya Limited has joined the United Nations Global Compact to champion corporate sustainability initiatives. The network comprises 23,000 companies and 4,000 non-business participants dedicated to building a more sustainable, inclusive, and responsible future. “…
- JUNE 16 – Israel’s strikes on Iran, and Iran’s response, initially caused an shudder on global financial markets. The price of oil in particular surged, but after a weekend of missile and drone strikes between the two countries the cost of crude has fallen back. Nevertheless, oil prices are $10…
- NAIROBI, Kenya, June 16 – Centum Re has received Sh2.6 billion from the International Finance Corporation (IFC) for the construction of nearly 2,000 affordable houses at the Two Rivers Development. The fund from the World Bank’s lending arm, which will be repaid in seven years, will be used to…
- JUNE 16 – In a corner of Kentucky just outside of Louisville, family-owned shoe company Keen is opening a new factory this month. The move fits neatly into the “America First” economic vision championed by the Trump administration – an emblem of hope for a manufacturing renaissance long promised…
