Economy

Treasury Cabinet Secretary John Mbadi has announced plans to reintroduce the proposed tax on second-hand clothes, commonly known as mitumba, after it was removed from the Finance Bill 2026 by the National Assembly. Speaking while explaining the Bill’s proposals, Mbadi said the government intends to return the tax through amendments, …

Nigerian billionaire Aliko Dangote is reportedly weighing plans to construct a 650,000 barrels-per-day oil refinery in Mombasa instead of Tanzania’s Tanga port, according to Reuters citing the Financial Times. The proposed refinery, estimated to cost between $15 billion and $17 billion, would become one of Africa’s biggest privately funded energy …

Rising tomato prices across Kenya are forcing households to change how they cook, with many replacing the once-essential ingredient with cheaper alternatives. Some families have completely dropped tomatoes, relying instead on onions, spices, and traditional cooking methods to keep meals affordable. Others are turning to vegetables like carrots and beetroot, …

The Kenya Pipeline Company has officially launched the recruitment process for a new Managing Director following the resignation of Joe Sang last month. In a public notice, the company invited qualified candidates to apply for the top position before the May 20 midnight deadline. The successful applicant will serve on …

Safaricom has reported a record-breaking profit of nearly Sh100 billion for the 2025 financial year after net earnings surged by 67.3 per cent to Sh99.7 billion. The telecommunications giant linked the strong performance to innovative products and services that continue to improve customers’ everyday experiences. Click here to join our …

Kenya’s export earnings remained largely steady last year, despite mixed performance across different global markets, according to the 2026 Economic Survey by the Kenya National Bureau of Statistics (KNBS). Africa continued to dominate as Kenya’s biggest export destination, with earnings from the continent rising by 6.4% to Sh452.8 billion. This …

Safaricom has revealed that M-Pesa processes around Sh100 billion in transactions day, highlighting the vast scale of Kenya’s digital payments landscape. CEO Peter Ndegwa said the platform facilitates nearly 500 million transactions daily. Speaking at the Connected Africa Summit 2026, he noted that M-Pesa’s system is capable of handling up …

Sugarcane farmers have strongly opposed the government’s move to reduce the minimum price of cane from Sh5,750 to Sh5,500 per tonne, warning that the decision could trigger a sector-wide strike and push many growers out of the industry. In a statement, farmers represented by the Sugar Campaign for Change (Sucam) …

The Kenya Revenue Authority (KRA) has reminded taxpayers that the deadline for clearing all outstanding 2025 tax arrears is Thursday, April 30, after which penalties and interest will begin to accrue. While the filing deadline for annual tax returns remains June 30, KRA clarified that April 30 is strictly the …

The government has lowered the minimum price of sugarcane from Sh5,750 to Sh5,500 per tonne, marking a Sh250 reduction. In a directive released on April 24, the Kenya Sugar Board instructed all licensed millers to adopt the new price immediately and ensure timely payments to farmers nationwide. Click here to …