Business

Citibank Kenya has filed a petition at the High Court seeking to stop investigators from summoning, questioning or prosecuting one of its employees over the approval of a $2.02 million (about Sh261 million) loan issued to Kiru Tea Factory Company Limited. According to court documents filed under HCCHRPET/E373/2026, the bank …

The Competition Authority of Kenya (CAK) has launched an investigation into Naivas Supermarket following allegations that a customer was charged more for a product than the advertised price. According to the complaint, the customer purchased a bottle of Hunter’s Choice at Naivas’ Thindigua branch for Sh1,120, despite the supermarket promoting …

The Communications Authority of Kenya (CA) has announced new regulations requiring businesses involved in the importation and wholesale distribution of communications equipment to obtain a new licence before operating. In a notice issued on July 21, the regulator said all entities intending to import or distribute communications equipment must apply …

Nearly a decade after leasing out its Boeing 777-300ER fleet, Kenya Airways has returned one of the aircraft to service as it seeks to boost capacity, strengthen its long-haul operations and support growing passenger and cargo demand. The aircraft, registered 5Y-KZX, resumed commercial operations on July 17, 2026, operating flights …

Co-operative Bank has been ranked among Africa’s 25 strongest banks by capital for the first time, further cementing Kenya’s status as East Africa’s leading financial centre. The latest The Banker Top 1,000 World Banks survey placed three Kenyan lenders among the continent’s best-capitalised financial institutions. Co-operative Bank made its debut …

The Kenya Aviation Workers Union (KAWU) has served a seven-day strike notice, raising the possibility of major disruptions to air travel and airport operations if its demands are not addressed. The union warned that aviation workers across the country could down their tools after accusing employers of repeatedly breaching the …

Ride-hailing giant Uber is set to acquire Glovo Kenya as part of a Sh1.95 trillion ($13.2 billion) agreement to purchase Delivery Hero’s food delivery operations across 50 markets worldwide. The deal involves Delivery Hero’s businesses in Africa, Asia, the Middle East and Latin America, including Glovo’s operations in Kenya, Uganda, …

Motorists across Kenya will continue paying the same prices for fuel after the Energy and Petroleum Regulatory Authority (EPRA) announced that pump prices will remain unchanged for the pricing cycle running from July 15 to August 14, 2026. In a statement issued on Tuesday, the regulator said the maximum retail …

The Kenya Revenue Authority (KRA) has announced that the market interest rate used to calculate fringe benefit tax will remain at 8 per cent for the period covering July to September 2026. In a public notice released on Wednesday, KRA said the rate has been prescribed under Section 12B of …

Safaricom is set for significant governance changes following the increase of Vodacom’s shareholding to 55 percent, with shareholders expected to vote on the proposed amendments during the company’s Annual General Meeting (AGM) on July 31, 2026. Among the proposed changes is a new process for appointing the Chief Executive Officer …