Business

Why Kenya’s World Bank Debt Fell Despite New Borrowing

Kenya’s outstanding debt to the World Bank fell to Sh1.728 trillion in March 2026, down from Sh1.964 trillion recorded in both September and December 2025, according to data from the National Treasury. The figures show a gradual decline in the country’s obligations to the lender after the debt reached a …

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Tuk Tuk Operators Demand Public Apology From Makau Mutua

Tuk tuk operators have demanded a public apology from Professor Makau Mutua after he referred to their vehicles as “pathetic contraptions,” warning that they will pursue legal action and organise peaceful nationwide protests if he fails to apologise within seven days. In a statement, the Tuk Tuk Operators Network (TTON) …

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KRA Scraps Tax on Bottled Water in Major Relief

The Kenya Revenue Authority (KRA) has announced that bottled water produced locally or imported into Kenya will no longer attract excise duty or require excise stamps following amendments introduced through the Finance Act, 2026. In a notice released on Monday, KRA said the new measures came into effect on July …

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Kenya Airways Flight Develops Fault While Flying Over Chad

A Kenya Airways flight bound for New York was forced to return to Nairobi after developing a technical fault while flying over Chad. In a statement, the airline said Flight KQ002D experienced a spoiler system malfunction on Sunday evening, prompting the crew to carry out standard safety procedures before deciding …

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KRA Announces 100% Tax Penalty Waiver

The Kenya Revenue Authority (KRA) has reinstated a tax amnesty programme that offers a 100 percent waiver on penalties, interest and fines for tax debts accumulated up to December 31, 2025, in a move aimed at easing taxpayers’ financial burden and improving tax compliance. The six-month initiative, introduced through the …

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Mbadi Reveals Where Safaricom Billions Will Go

Treasury Cabinet Secretary John Mbadi has defended the government’s decision to sell part of its stake in Safaricom, dismissing criticism from opposition leaders as politically motivated and insisting the transaction was conducted legally and transparently. Speaking in Kisumu on Saturday, Mbadi said the partial sale was aimed at raising funds …

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KPC Fights Sh10.9 Billion Claim in Court

The Kenya Pipeline Company (KPC) has asked the High Court to dismiss a fresh Sh10.9 billion lawsuit filed by contractor Zakhem International Construction, arguing that all disputes related to the Line 1 replacement project were conclusively resolved through a court-approved settlement and subsequent payments. In its response, filed by Wekesa …

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New WhatsApp Feature Everyone Is Talking About

WhatsApp has begun letting users reserve usernames ahead of the feature’s official launch later this year, marking a major shift in how people can connect on the messaging platform without having to share their phone numbers. The new feature will be optional, meaning users can continue using WhatsApp as usual …

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KCAA Makes Major Change to Airworthiness Checks

The Kenya Civil Aviation Authority (KCAA) has extended the validity of aircraft certificates of airworthiness from one year to two years as it grapples with a shortage of aviation safety inspectors. According to the regulator, the decision is aimed at reducing pressure on its inspection workforce while keeping pace with …

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CMA Gives Go-Ahead to Safaricom Share Sale

The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …

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