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Kenya scraps eTA travel restrictions for most African nations in tourism push
Jan 22, 2025 at 11:26 AM
Travellers from across Africa can now visit Kenya without the need for an Electronic Travel Authorisation (eTA), following a landmark decision by the Cabinet to waive the requireme...
Cabinet approves dissolving nine State Corporations, merging 42 in key changes
Jan 21, 2025 at 11:39 PM
A cabinet meeting on Tuesday announced radical plans to dissolve nine state corporations and merge 42 others in elaborate efforts to enhance efficiency and tame the government's ba...
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Cancel customs bonds promptly to avoid penalties in regional trade, advises PwC
Jan 21, 2025 at 09:37 PM
Kenyan businesses engaged in cross-border trade within the East African Community (EAC) risk penalties and legal complications if they fail to cancel customs bonds promptly after m...
Safaricom, SIB, ALA partner to unveil Ziidi MMF to simplify investment via M-Pesa
Jan 21, 2025 at 03:08 PM
Safaricom has rolled out a new money market fund, Ziidi MMF, in collaboration with Standard Investment Bank (SIB) and ALA Capital Limited....
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Kenya Power awarded Sh4.15 billion in tenders to marginalised groups in 2024
Jan 21, 2025 at 01:40 PM
Kenya Power has exceeded its target for awarding tenders to youth, women, and persons with disabilities (PWDs) in the 2023/2024 financial year, allocating a total of Sh4.15 billion...
High Court shuts down Wilken's bid to secure exclusive railway fibre cables deal
Jan 21, 2025 at 12:56 PM
Wilken Telecommunications (Kenya) Ltd has suffered a major setback after the High Court dismissed its bid to force Kenya Railways Corporation (KRC) to grant it exclusive rights to ...
Kenya's borrowing plans facing strain after credit rating downgrade - Treasury
Jan 21, 2025 at 10:37 AM
The National Treasury has disclosed that the recent downgrade of Kenya's credit rating has severely constrained the country's access to commercial loans, posing significant challen...
Kenya Power’s stock surge leaves Kiharu MP Ndindi Nyoro Sh198 million wealthier
Jan 20, 2025 at 04:55 PM
A six-month rally in Kenya Power shares has turned into a financial bonanza for Kiharu MP Ndindi Nyoro, who has recorded nearly Sh198 million in gains from his investment in the st...
Govt loses Sh144 million in a month as SGR passenger numbers take a plunge
Jan 20, 2025 at 02:25 PM
The Standard Gauge Railway (SGR), once hailed as a game-changer in Kenya’s transport sector has hit a rough patch, with passenger numbers plummeting between August and September ...
Remittances from Kenyans in diaspora soared to record Sh651.7 billion in 2024
Jan 20, 2025 at 12:02 PM
Remittances from the diaspora contributed a remarkable Sh651.7 billion to Kenya's economy in 2024, marking an 18 per cent rise from Sh543.3 billion in 2023....
Donald Trump now proposes 50 per cent US stake in China's TikTok to avert a ban
Jan 20, 2025 at 11:13 AM
Donald Trump, the incoming US President, has proposed that the United States secure a 50 per cent ownership stake in a joint venture to keep TikTok operational within its borders....
Safaricom appoints Edward Okaro as independent non-executive director
Jan 20, 2025 at 10:19 AM
Safaricom PLC has announced the appointment of Edward Okaro as an Independent Non-Executive Director, effective Wednesday the previous week....
Drive unveiled to link Jua Kali artisans with the Affordable Housing Program
Jan 17, 2025 at 06:04 PM
Kenya’s Jua Kali artisans are being handed the keys to unlock new opportunities in the government’s Affordable Housing Program (AHP), thanks to the launch of 'Chanuka, Jipange ...
Why CMC Motors is exiting East Africa after operating for more than 40 years
Jan 17, 2025 at 02:38 PM
CMC Motors Group has announced plans to gradually cease operations in Kenya, Tanzania, and Uganda, citing persistent market challenges....
KRA's new tax rates for fringe benefits, deemed interest and low-interest loans
Jan 17, 2025 at 11:27 AM
The Kenya Revenue Authority (KRA) has unveiled updated tax rates for fringe benefits, deemed interest, and low-interest loans, which will take effect in January 2025....
Kenya introduces new sugar levy to foster growth of local industry
Jan 16, 2025 at 10:55 AM
The government has introduced a new levy that will apply to both domestic and imported sugar....
Ditching China? Kenya now explores UAE option for SGR line extension to Uganda
Jan 16, 2025 at 09:12 AM
President William Ruto has announced that Kenya is in discussions with the United Arab Emirates (UAE) to secure financing for the completion of the regional railway project that wi...
KRA issues ultimatum to commercial vehicle owners over advance tax deadline
Jan 16, 2025 at 08:01 AM
The Kenya Revenue Authority (KRA) has set the clock ticking for commercial vehicle owners, reminding them to pay their advance tax for the 2025 income year by January 20, 2025....
James Mwangi joins the Global Board of Advisors of Council on Foreign Relations
Jan 15, 2025 at 04:20 PM
Equity Group Managing Director and Chief Executive Officer Dr James Mwangi has been appointed to join the Global Board of Advisors of the Council on Foreign Relations (CFR)....
Bold Magical Kenya Mountain and Trail Series seeks to attract 200,000 tourists
Jan 15, 2025 at 02:36 PM
Kenya is charting new paths in tourism, unveiling the Magical Kenya Mountain and Trail Series in a bold bid to attract 200,000 adventure tourists over the next five years....
Kenyan horticulture export earnings take a hit as industry faces turbulent year
Jan 15, 2025 at 01:09 PM
Kenya’s once-thriving horticulture sector faced a tough year in 2024, with export earnings dropping to Sh137 billion (about 1.06 billion U.S. dollars), a stark decline from the 1...
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Kenya-UAE economic pact opens gateway to global trade opportunities
Jan 14, 2025 at 11:40 PM
Kenya and the United Arab Emirates (UAE) have taken a bold step to strengthen their economic ties with the signing of the Comprehensive Economic Partnership Agreement (CEPA)....
Kenyans to feel a pinch at the pump as fuel prices surge in latest EPRA review
Jan 14, 2025 at 11:19 PM
The Energy and Petroleum Regulatory Authority (EPRA) has announced revised petroleum pump prices from Tuesday to February 14, 2025....
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Khalif Kairo released on Sh2 million bail after denying fraudulent car sale charges
Jan 14, 2025 at 07:04 PM
Khalif Kairo, a motor vehicle dealer accused of defrauding clients, has been granted a cumulative cash bail of Sh2 million after denying two counts of cheating under section 315 of...
Private sector lending slows to 4 per cent amid currency woes, CBK report shows
Jan 14, 2025 at 10:25 AM
Private sector credit growth in Kenya dropped sharply to 4 per cent in the 2023/24 financial year, totalling Sh3.8 trillion, a stark contrast to the 12.2 per cent recorded in the p...
Court dismisses Omtatah’s petition on second generation number plate tender
Jan 14, 2025 at 09:18 AM
The High Court has dismissed a petition challenging the tendering process for the supply of Kenya's second-generation number plates....
Ruto announces Sh4 billion for road construction, rehabilitation in Nairobi
Jan 13, 2025 at 04:04 PM
President William Ruto has announced a Sh4 billion investment to construct new roads and rehabilitate existing feeder roads in Nairobi County....
