- Ride-hailing operator Bolt has launched a new ride category designed to meet a growing demand for premium transport services among Nairobi’s expanding middle class and professional commuters.
- The European Commission, the primary executive arm of the European Union (EU), has classified Kenya as a high-risk country for money laundering and terrorism financing.
- For the sixth consecutive time, the Central Bank has lowered the base lending rate to unlock credit to the private sector. The Monetary Policy Committee made the decision based on the economic environment, noting that there was scope for further monetary easing.
- Treasury Cabinet Secretary John Mbadi has defended the government’s move to give the Kenya Revenue Authority (KRA) powers to access the personal and financial data of businesses’ customers.
- Kenyan electric vehicle (EV) maker Roam launched its second-generation Roam Air motorcycle on Tuesday and announced plans to ramp up production at its assembly plant in Nairobi.
- The Jomo Kenyatta International Airport (JKIA), Moi International Airport (MIA), and the Kenya Airports Authority (KAA) Head Office have been awarded ISO 14001:2015 Environmental Management System and ISO 45001:2018 Occupational Health & Safety Management System certifications, reflecting their…
- Global agricultural machinery giant New Holland has appointed Inchcape Kenya as its official distributor in the country, marking a strategic move aimed at bolstering agricultural mechanization and sustainability in the region.
- Thirty-one percent of Kenyan banks are ready to venture into virtual assets like cryptocurrencies and non-fungible tokens (NFTs) as the government works to regulate and incentivize adoption in the growing sector.
- The Kenya Revenue Authority (KRA) has released the new pricing template that will determine import duties for used motor vehicles starting July 1, 2025.
- The National Treasury has defended the securitisation of the road maintenance levy as a way of guaranteeing that ongoing road construction works are completed.
- Competition Authority of Kenya (CAK)’s Director-General David Kemei has been sworn in as a commissioner of the East African Community Competition Authority (EACCA).
- Emirates Logistics, a major player in supply chain and logistics across the Middle East, Africa, and Asia, has announced its entry into the Kenyan market with the construction of a state-of-the-art facility at Tatu City Special Economic Zone (SEZ).
- Old Mutual East Africa (OMEA) has officially joined the United Nations Global Compact (UNGC), reinforcing its commitment to ethical business, environmental stewardship, and sustainable development.
- Trade stakeholders at the IOTA East Africa Web3 Innovation Summit have called for the urgent adoption of digitised trade systems, highlighting outdated paper-based processes, fragmented data systems, and a lack of trust in trade documentation as major barriers to unlocking the full potential of…
- Gabon will cease exporting manganese from 2029 as part of a plan to transform the national industry, President Brice Oligui Nguema said in a government statement published on Saturday.
- Mauritanian diplomat Sidi Ould Tah has been elected as the ninth president of the African Development Bank Group (AfDB) following a decisive three-round vote by the bank’s board of governors during the annual meeting in Abidjan.
- A coalition of leading virtual asset firms, in partnership with PwC Kenya, has submitted sweeping tax reform proposals to the National Assembly Committee on Finance and National Planning, seeking a friendlier regulatory framework for digital assets in Kenya.
- Let’s be honest, saving money isn’t always top of mind for many people when they are in their youthful years, their 20s or early 30s. With job hunting, rent, social life, and maybe even supporting the family, there never seems to be “extra” cash lying around.
- Equity Bank Group CEO Dr. James Mwangi has addressed concerns following reports of massive layoffs at the bank, that saw the lender send home close to 200 of its employees.
- The World Bank wants Kenya to introduce a carbon tax to mitigate climate change externalities while also raising revenue to lower its debt-to-GDP ratio, which currently stands at 65.5%.
- The Kenya Revenue Authority (KRA) is seeking to implement tax policy measures that will boost revenue collection to over Ksh.4 trillion in the Medium-Term Revenue Strategy (MTRS) to boost the nation's economic activity.
- For over 70 years, Unilever Kenya has been spicing up Kenyan kitchens with its Royco brand, offering flavourful spices such as Royco Mchuzi Mix and Royco Cube.
- The Federation of Kenya Employers (FKE) has issued a stark warning about the state of the country’s investment climate, citing rising operational costs, unpredictable policymaking, and eroding investor confidence.
- Murang’a County has unveiled more than Ksh.20 billion worth of investment-ready opportunities in the agriculture sector, setting the stage for a major agribusiness investment in the country.
- Kenya’s real estate sector is sounding the alarm over proposed tax changes in the Finance Bill 2025 and the National Rating Act 2024, warning that they could derail affordable housing efforts, scare away investors, and hurt millions of livelihoods.
- The World Bank wants the Kenyan government to exempt low-income earners from the housing levy and contributions towards the Social Health Insurance Fund (SHIF).
- TransCentury PLC, a Nairobi Securities Exchange-listed infrastructure investment company, has announced its audited financial results for the year ended 31st December 2024, delivering a Ksh.580 million profit after tax from a loss of Ksh.3.2 billion in 2023.
- The Kenya Association of Manufacturers (KAM) is warning of possible power rationing if investments are not made in new power purchase agreements and the construction of new power stations.
- Chinese e-commerce giant PDD Holdings saw net profit almost halve in the first three months of the year as the Temu owner prepared for a blistering trade war between Beijing and Washington.
- The World Bank now says that Kenya’s debt level is increasingly concerning, with the classification of "high risk of default" only serving to put more pressure on the National Treasury.
- Canadian fintech firm Valour Inc. has partnered with GulfCap Investment Bank (GCIB) to cross-list its Exchange Traded Products (ETPs) on the Nairobi Securities Exchange (NSE), marking a significant step in expanding regulated digital asset investment options in Kenya.
- Kenyan learners are set to benefit from a new program that will expand opportunities for ambitious, high-potential students worldwide to earn a degree and seamlessly transition into careers in Germany.
- TotalEnergies (TTEF.PA), chief executive Patrick Pouyanne defended the company's work on oil projects in East Africa on Friday, after an independent U.N. human rights expert said the French firm should urgently address fresh allegations of abuses.
- Standard Chartered Bank has ramped up efforts to tap into Kenya’s high-net-worth segment with the launch of a new wealth advisory campaign targeting affluent clients.
- The event, which aimed to help young entrepreneurs, women-led businesses, and differently abled business owners, brought together Safaricom teams, partner agencies, and a diverse pool of suppliers.
- Under the theme “Future Ready: Equipping talent for inclusive digital job markets,” the event convened young job seekers, industry experts, and key stakeholders, tackling the barriers that keep Kenya’s youth, especially refugees and displaced communities, out of formal employment.
- Chinese home appliance giant Haier is ramping up its presence in Kenya through an aggressive expansion strategy centred on retail partnerships and locally tailored products.
- Kenya is positioning itself at the forefront of digital financial innovation as Parliament moves to regulate virtual assets through the Virtual Asset Service Providers Bill, 2025, now undergoing public participation.
- The Common Market for Eastern and Southern Africa (COMESA) is calling for urgent action to improve access to high-quality seeds across its 21 member states, in a renewed push to boost agricultural productivity and reduce food insecurity.
