Business

02 May 2025 - NAIROBI, Kenya, May 2 – The National Treasury has called for public input on the Accountants Act (Amendment) Bill, 2025, which seeks to modernize Kenya’s accountancy regulations and align them with international standards. The proposed amendments to the…

02 May 2025 - MAY 2 – McDonald’s has suffered its biggest drop in US sales since the height of Covid, a fall that it said was driven by people’s concerns over the US economy. Despite a marketing tie-in with the Minecraft movie and extended price deals, US customers…

02 May 2025 - The move is aimed at resolving regional trade wars with Uganda and Tanzania, which have retaliated with their own tariffs.

02 May 2025 - By Monica Chege MAY 2 – Let’s be honest: we’ve all seen the panic posts—“AI is taking over marketing!” Cue the think pieces, the webinars, and the doomscrolling. But here’s what nobody’s saying loud enough: if you’re a marketer who leads with curiosity…

02 May 2025 - MAY 2 – Apple says it is shifting production of most iPhones and other devices to be sold in the US away from China, which has been the focus of President Donald Trump’s tariffs. The majority of the iPhones bound for the US market in the coming months…

02 May 2025 - NAIROBI, May 2 (Xinhua) — Kenya has submitted its Second Nationally Determined Contributions (NDCs) to the United Nations Framework Convention on Climate Change, outlining its roadmap to reduce greenhouse gas emissions and adapt to the impacts of…

02 May 2025 - The INTERPOL has cracked down on car theft, resulting in the total discovery of 150 stolen vehicles, primarily from Canada, being smuggled into Nigeria and other West African nations.

02 May 2025 - In this Newsletter, we are covering the recently tabled Finance Bill 2025 as well as President William Ruto’s Madaraka Day speech and how it affects your wallet.

02 May 2025 - FKE Executive Director Jacqueline Mugo was blocked from addressing Labour Day fete in Nairobi.

02 May 2025 - Treasury CS Mbadi has proposed to remove inputs and raw materials used to manufacture drugs and animal feed.

02 May 2025 - The National Treasury has chosen to walk away from tax measures that directly impact Kenyans and is instead taking away reliefs that could eventually lead to more expensive consumer goods.

01 May 2025 - NAIROBI, Kenya, May 1 – Faith-based organizations across Africa are stepping up their role in public health, with religious leaders pledging support for maternal health and cervical cancer prevention efforts during the Faith in Action Health Conference…

01 May 2025 - Last year’s Finance Bill introduced major taxation measures, but it was later withdrawn after days of protests across the country in June that saw protestors storm Parliament.

01 May 2025 - Pauline Nzisa Lanco now serves as an elected Rugby Africa exco member and chairs the Women's Rugby Advisory Committee.

01 May 2025 - Businesses dealing in zero-rated goods can reclaim input VAT, potentially lowering costs, whereas those offering exempt goods cannot, which may lead to higher operating expenses.

01 May 2025 - Disbursements from USAID, one of Africa's largest aid donors, were halted by Donald Trump on the 20th of January, 2025, shortly after the US president was inaugurated.

01 May 2025 - Since July 2023, the Kenyan workforce has been deducted 1.5 percent of their salaries to fund the scheme, with employers matching the contribution.

01 May 2025 - The President spoke during Labour Day celebrations in Nairobi following a proposal from the Central Organisation of Trade Unions (Cotu).

01 May 2025 - According to KRA, the taxable value of fringe benefit tax is the difference between the market interest rate and the actual interest paid on the loan.

01 May 2025 - For Njenga, art is an act of faith. He doesn’t impose on ideas—they come to him, and he works with what’s given.

01 May 2025 - Nigeria-based payment processor Paystack has been fined ₦250 million by the Central Bank of Nigeria (CBN), marking its largest known penalty since its founding in 2016.

01 May 2025 - The fivefold increase will mainly benefit senior government officials and corporate executives, who usually receive higher per diems for business trips.

01 May 2025 - The amendment comes at a time when the KRA’s attempts to link its systems with banks to have real-time transactional data flopped with lenders arguing their clients’ private data will be exposed.

01 May 2025 - Cotu and the government accused the Federation of Kenya Employers (FKE) of failing to effect the six percent minimum wage increase.

01 May 2025 - Once a rare sight, gyms have muscled their way into every neighborhood, piling up like sweaty towels after a high-intensity workout. First thing in the morning, or at the end of a busy workday, they flex their presence with round-the-clock access, shiny…

01 May 2025 - On May 1, 2025, at the national Labour Day festivities in Singida, President Samia Suluhu Hassan announced a 35.1% increase in Tanzania's minimum wage for public officials.

01 May 2025 - In modern societies, environmental laws and regulations are designed and framed to support growth, economic security and employment.

01 May 2025 - Robert Munene, a singer and dancer, is best known in the art world as a leading champion of Afro-Latin music in Kenya.

01 May 2025 - Lawmakers said the leasing process announced by the government in 2013 has been shrouded in deep secrecy, with details of the investors remaining a top secret.

01 May 2025 - The solution calls for a fair and flexible financial system to support Kenya's inclusive economic future.

01 May 2025 - Tobacco is among the country’s cash crops that earn Kenyan farmers billions of shillings each year.

01 May 2025 - The VAT Act will trigger an increase in the prices of the services, an extra cost that consumers using these services will shoulder.

01 May 2025 - Transforming burden into opportunity recent initiatives in Kenya and other African countries highlight the power of gender-inclusive approaches to water solutions.

01 May 2025 - The 15 and 25-year papers were first issued in April and October 2022, respectively, while the 20-year bond was initially sold in November 2012.

01 May 2025 - The success of UHC in Kenya through the SHA will hinge on our ability to learn from global best practices while crafting solutions that are tailored to our unique circumstances.

01 May 2025 - The banks argue that all customers will have access to credit if they get a free hand on loan pricing.

01 May 2025 - Nigerian billionaire Aliko Dangote has said that he was “comfortable” with the impact of former President Donald Trump’s tariffs on his urea exports to the United States.

01 May 2025 - Upstairs, I showed my daughter the slot machines and roulette tables - the incessant roar of the machines made it sound like an industrial cult.

01 May 2025 - After a turbulent period involving economic and geopolitical headwinds, investors are gradually rediscovering the country as a promising destination. While challenges remain, fund managers from across the venture capital, private equity, and…

01 May 2025 - An assault on a journalist is an assault on the free flow of information, a silencing of the voices that amplify the achievements of our athletes and the passion of our fans.

01 May 2025 - Customers of the sacco took advantage of a system hitch to withdraw Sh140 million more than their withdrawal limits.

01 May 2025 - Vivo has sued Weslyn Logistics Ltd for allegedly defaulting in payment for oil supplied.

01 May 2025 - The Democratic Republic of Congo (DRC) seeks to lift the immunity of former President Joseph Kabila, accusing him of supporting the M23 rebel group, which is responsible for the ongoing conflict in the country's east.

01 May 2025 - Slap fighting is a raw, visceral, little-known combat sport gaining momentum across South Africa. It’s not for the faint-hearted, underscoring the need for greater regulation, even as proponents are trying hard to formalize the sport. In the pantheon of…

01 May 2025 - He took issue with the housing levy and other statutory deductions.

01 May 2025 - The dispute involves allegations of infringement of trading rights, confusion in the market and diversion of customers.

01 May 2025 - The Kenya Auto Bazaar Association says the NTSA has not dispatched any new plates since it released a batch in early April.

01 May 2025 - Governments across the globe are grappling with rising public debt and widening fiscal deficits, issues that are stifling productivity and undermining long-term growth. Sadly, many African nations are not immune to these trends.

01 May 2025 - Topline Earnings for two of the U.S.’ handful of trillion-dollar companies came out Wednesday afternoon as Meta and Microsoft will update investors, kicking off a crucial week for on-edge big technology stocks as tariffs complicated investor appetite…

01 May 2025 - Workers in the hotel, tourism, and leisure sector saw the biggest drop in earnings.