In focus
Business news, markets, and economy
President William Ruto has directed the Ministry of Transport to urgently review two key pieces of legislation – the Insurance Act and the Auctioneers Act – following persistent complaints from matatu operators across the country.
Kenya Power is reaping significant rewards from the country’s fast-growing electric vehicle market, collecting more than Sh382 million in earnings from EV charging stations over the past three years.
Over 330 Safaricom sales officers from across Western Kenya gathered for an empowering training session at the Mumias Garden Park Hotel.
The Postal Corporation of Kenya has announced plans to close 125 post offices and reduce its workforce by 440 employees as part of a bold restructuring strategy aimed at saving Sh1 billion annually.
Kenya’s tax authority is ramping up efforts to shine a light on the cryptocurrency sector through bold new proposals in the Finance Bill 2026.
A contentious new proposal embedded in Kenya’s Finance Bill 2026 is raising alarm bells among taxpayers, granting the Kenya Revenue Authority unprecedented authority to freeze or seize funds even while a tax dispute is under appeal.
Kenyans have developed an insatiable appetite for instant credit, with daily borrowing through Safaricom’s popular Fuliza service averaging Sh4 billion last year.
Africa’s wealthiest entrepreneur, Aliko Dangote, is setting his sights on Kenya with an ambitious plan to construct a major oil refinery in Mombasa capable of processing 650,000 barrels per day.
Kenyan banks have carried out a large-scale cleaning of their records, resulting in the closure of 34 million inactive accounts.
Trade between Kenya and Tanzania declined in 2025, marking the first drop in the value of goods exchanged between the two countries since 2016.
Tullow Oil, a UK-based exploration company, is facing a significant tax demand from Kenyan authorities after completing the sale of its oil interests in Turkana.
Safaricom’s mobile money service, M-PESA, has reached a new milestone by processing more than 100 billion Kenyan shillings in transactions every single day.
The Kenya Revenue Authority (KRA) has launched a fresh crackdown targeting small traders who frequently change their mobile money paybill and till numbers in an attempt to avoid paying taxes.
President William Ruto has described Kenya as one of the best places in Africa for businesses to grow and succeed.
The Kenya Revenue Authority (KRA) has instructed all fuel stations across the country to update their invoicing systems so they correctly show the new reduced value-added tax (VAT) rate of 8% on petroleum products.
A new proposal in Parliament aims to bring relief to many motorists in Kenya by setting clear time limits on how long police can keep impounded vehicles.
Equity Group has posted its strongest results ever. The bank made a full-year profit of Sh75.5 billion in 2025.
Nigerian billionaire Abdul Samad Rabiu has surged in recent rankings to become the third richest person in Africa, trailing South African luxury goods magnate Johann Rupert and fellow Nigerian industrialist Aliko Dangote.
