Business

26 May 2025 - In this Newsletter, we cover the back-to-school headache for parents, coffee farmers smiling all the way to the bank, Kenya’s upcoming Ksh97 billion loan, and 97 Kenyans scammed Ksh15,000 each.

26 May 2025 - In the end, one Kenyan friend earned Ksh32 million while the other only reaped Ksh2 million despite kicking off their investments with Ksh5,000. Here is the power of compound interest that billionaire Warren Buffett (Ksh20 trillion net worth) swears by.

26 May 2025 - Driving a car with foreign plates in Kenya is permitted, but it’s not as simple as crossing the border. You must comply with Kenya’s customs and traffic laws

26 May 2025 - In this Newsletter, we explain why it is cheaper to construct a house in 2025 compared to 2024’s last quarter.

26 May 2025 - At a time when returns on passive income investment vehicles have been falling, the Mansa X special CIS fund has been piquing investor interest due to its relatively high interest rates.

26 May 2025 - According to the government, over 45,000 Kenyans have become homeowners through the affordable housing programme, 367,000 have registered for Boma Yangu services, and 531,043 savers have contributed over Ksh 2.255 billion. Here is a list of all projects…

26 May 2025 - As an adult decades later - with a decent job, family, and all - I’ve realised just how resourceful the women were. None had any formal employment, and most had husbands unemployed as well. It's hardly hyperbole. Women, indeed, run the world. A Ksh100…

26 May 2025 - President William Ruto (left) speaks to Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), at a summit in Paris in June 2023.

26 May 2025 - Overall, my yearly transaction fee in 2024 could get me 11 KFC 2-piecer meals or 33 litres of petrol at Ksh174 per litre.

26 May 2025 - Speaking exclusively to Money254.co.ke, Super Metro's CEO Nelson Nduki confirmed that the company would comply with the ruling even as the drivers take a retest.

26 May 2025 - Government Spokesperson Isaac Mwaura, in an address to the press on Monday, noted that Macadamia farmers were among the biggest winners, with prices rising from Ksh24 to Ksh100 per kilogram — a more than fourfold increase.

26 May 2025 - Government Spokesperson Isaac Mwaura on Monday reiterated that Finance Bill 2025/26 was yet to be tabled, refuting reports that a version of the proposal was already in the public domain, insinuating an increase in 8 different tax and levy categories.

26 May 2025 - The new move by KRA could even make the loans issued at workplaces even more affordable for the employees.

26 May 2025 - The Kenya Bankers Association (KBA) is seeking to have the loan interest rate tied to the interbank rate to make loans more affordable for Kenyans.

26 May 2025 - When you receive your paycheck, you’ll quickly discover that the salary you agreed to isn’t what you are bringing home. Your payslip typically contains three main parts; how much you are being paid, the taxes you are paying, and any other deductions…

26 May 2025 - Boma Yangu is a portal created to support Kenya’s Affordable Housing Programme (AHP). It serves as a central hub where you can register, save money towards a home, and apply for housing units under government-backed projects. The Kenyan government…

26 May 2025 - ‍Umba has secured USD 5 million (Ksh650 million) funding to expand its operations in Kenya. The digital bank, which has operations in Kenya and Nigeria, specializes in lending to Small and Medium-sized Enterprises (SME) while also offering flexible…

26 May 2025 - National Treasury Principal Secretary Dr. Chris Kiptoo on Thursday, April 10, launched the Electronic Rental Tax Information System (eRITS), a groundbreaking initiative aimed at revolutionizing rental income tax collection and increase the tax by by…

26 May 2025 - A previous study by the Kenya Medical Association found that patients in urban hospitals wait an average of 3 to 6 hours for outpatient services, with consultation times often lasting less than 10 minutes. Antara is helping more Kenyans stay healthier…

26 May 2025 - Saccos, which had shares at the union, were financially hit after an audit by PricewaterhouseCoopers (PwC) exposed the financial malpractices of former directors.

26 May 2025 - Mbadi was responding to reports by a section of the media, which indicated that the government would increase taxation in the next financial year.

26 May 2025 - Kenya is banking on the African Union to help secure an extension of the African Growth and Opportunity Act (AGOA), which allows selected goods duty-free access to the US market, following new US tariffs that have raised doubts over the future of the…

26 May 2025 - What started as a side hustle to make extra money became a dream to create a space where women feel pampered and rejuvenated. A business that now generates monthly revenues of between Ksh200,000 and Ksh250,000 - on a good month. To gain insight into how…

26 May 2025 - An analysis by Money254 shows that for every day you work, the first Ksh801 you make goes to a set of direct taxes that are deducted before your salary gets to you. You also pay another Ksh334 per day - through direct taxes. Meaning you pay taxes worth…

26 May 2025 - In some instances, Mugo noted that the salary deductions were more than two-thirds of employees' pay, contrary to the provisions of the Employment Act of 2007.

26 May 2025 - While some countries have strongly opposed the U.S. tariffs—going as far as threatening retaliatory measures—Kenya has taken a different approach. Nations such as China and Japan, which were hit with steeper tariff increases, have openly condemned the…

26 May 2025 - There is another Rugby World Cup on the immediate horizon, but this time one where South Africa will be in the shadows rather than among the fancied competitors. That probably suits the women’s team just fine, as they look to the tournament in England,…

26 May 2025 - ADEN, Yemen, May 26 (Xinhua) — Yemen’s major Red Sea ports of Hodeidah, Salif, and Ras Issa lost some 1.4 billion U.S. dollars from July 2024 to May this year amid U.S. and Israeli airstrikes, the Houthi group said Sunday. The airstrikes targeted…

26 May 2025 - NAIROBI, Kenya, May 26 – Kenya’s agriculture and livestock sectors face a significant budget shortfall for the 2025/26 financial year, with Parliament’s budget estimates allocating Sh58.2 billion—far below the Sh106 billion requested by the Ministry of…

26 May 2025 - Kenya's job market offers a complicated mix of developments and persistent challenges. As the country’s economy goes through a recovery phase, structural problems affect workforce stability and employment opportunities.

26 May 2025 - Landowners threaten legal action if Ketraco does not compensate them for the electricity transmission lines running through their land.

26 May 2025 - Nigeria is set to launch two major lithium processing factories this year marking a shift from raw mineral exports towards adding value domestically.

26 May 2025 - MAY 26 – Burgundy is one of the most prestigious wine regions in France, and the US is its biggest export market. But now Donald Trump’s tariffs are threatening to price European wine out of the American marketplace. Crouched in cold mud under a thin…

26 May 2025 - NAIROBI, Kenya, May 26 – The Supreme Court has dismissed an application by Kwale Sugar International Company Ltd seeking to halt insolvency proceedings initiated by EPCO Builders Ltd over a Sh405 million debt, dealing a blow to the sugar miller’s…

26 May 2025 - NAIROBI, Kenya, May 26 – Kenyan startups developing solutions with measurable social or economic impact are eligible to apply for up to €100,000 in non-dilutive capital through the develoPPP Ventures programme. Applications for Cohort 9 opened on May 15…

26 May 2025 - Uganda has immediately terminated all military and defense cooperation with Germany, sparking concerns about potential diplomatic repercussions between the East African country and one of Europe's key powers.

26 May 2025 - MAY 26 – US President Donald Trump has agreed to extend a deadline to negotiate tariffs with the European Union until 9 July. It comes after President of the European Commission Ursula von der Leyen said she had a “good call” with Trump on Sunday. Last…

26 May 2025 - NAIROBI, Kenya, May 26 – The Government will allocate KSh500 million in the next financial year to correct illegal power connections in Nairobi’s informal settlements, President William Ruto has announced. The poorly installed connections have been…

26 May 2025 - Many of the world’s fastest-growing cities in 2024 were right here in Africa. Though their share of the global economy remains relatively modest for now, the momentum is rising.

26 May 2025 - Supplier debts fell from Sh539.9bn as of last December to Sh421.6bn by march 31.

25 May 2025 - Forty-seven Nigerian medical students who were evacuated from Sudan amid the country's civil conflict in 2023 are reportedly uncertain about their professional futures, as they struggle to meet the documentation requirements for licensing exams in…

25 May 2025 - Despite only being on the job for a little over 15 months, Ms Njau is not a stranger to Rome. She has been with the bank for nearly all her working life, mostly in managerial positions:

25 May 2025 - The suit echoes the push by the US Federal Trade Commission (FTC) to adopt a ‘click to cancel’ rule, which requires businesses to get consumers’ consent for subscriptions, auto-renewals and free...

25 May 2025 - The fall in revenues coincided with a marginal drop in the market dominance of Vivo Energy after its share fell to 21.34 percent compared to 22.07 percent at end of 2023, as rivals ate into its...

25 May 2025 - Principal Magistrate Hosea Ng’ang’a, sitting at Milimani Law Courts Nairobi, directed that if the MP fails to deposit the money, a warrant of arrest would be issued against him.

25 May 2025 - In this era of AI disruption, companies will not remain stagnant because their staff is lazy or untalented.

25 May 2025 - In recent years, we have witnessed financial regulators such as central banks take proactive measures to ensure that financial institutions integrate ESG into their strategies

25 May 2025 - Kenya has more than 60 diplomatic missions abroad, largely serving her trade and security interests.

25 May 2025 - Research published by Microsoft in 2015 found that the average human attention span had dropped in the previous 15 years from 12 seconds at the turn of the century in 2000 to eight seconds in 2015.

25 May 2025 - The perceived trustworthiness of AI systems has decreased over time from 63 percent of people viewing AI systems as trustworthy in 2022 to the current levels.