Business

The Central Bank of Kenya (CBK) has withdrawn PayU Kenya Limited’s licence as a Payment Service Provider (PSP) after the firm opted to wind up its operations in the country. In a statement, CBK said PayU, which received its licence on March 23, 2023, chose to exit the Kenyan market …

For years, banana farmers in Taveta struggled as their produce went to waste or was sold for next to nothing to exploitative brokers. Poor roads, unreliable water and electricity, and lack of quality seedlings pushed many into poverty, forcing some to abandon farming altogether. But the story has taken a …

Equity Bank Kenya has announced a temporary interruption in its bank-to-mobile wallet transfer services, affecting customers who use the platform for everyday financial transactions. In a statement issued on Saturday, October 25, 2025, the bank said the disruption was due to a system issue impacting transfers from bank accounts to …

The Kenya Revenue Authority (KRA) has announced that its iTax platform will undergo temporary downtime this weekend to allow for scheduled system maintenance. In a notice released Friday evening, KRA stated that the maintenance will begin on Saturday, October 25, 2025, at 8:00 p.m. and end at midnight on Sunday, …

Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) division of Standard Chartered Bank Uganda, marking a major expansion of its presence in the country’s financial market. Under the deal, all Standard Chartered WRB customers and employees will transition to Absa once the …

Motorists will be charged Sh8 per kilometre to use the Rironi–Mau Summit Expressway once the road is expanded into a dual carriageway, the Kenya National Highways Authority (KeNHA) has announced. According to KeNHA, the 175-kilometre project will be jointly developed and managed by the China Road and Bridge Corporation (CRBC) …

The Kenya Revenue Authority (KRA) has unveiled new and stricter measures governing the application process for the Tax Compliance Certificate (TCC), in a move aimed at strengthening tax compliance among businesses and non-individual taxpayers. In a public notice dated October 24, 2025, KRA announced that TCC applicants must now demonstrate …

Kenya has emerged as the East African Community (EAC) leader in both energy consumption and renewable energy production, according to the latest Energy and Petroleum Statistics Report by the Energy and Petroleum Regulatory Authority (EPRA). The report reveals that Kenya recorded the region’s highest electricity peak demand at 2,316 megawatts …

A growing number of Kenyan companies are funding their operations and expansion projects using their own resources rather than bank loans, as high interest rates and tough lending terms persist, a new Central Bank of Kenya (CBK) survey shows. The September 2025 CEOs Survey reveals that most firms now rely …

Kenya Airways (KQ) and Qatar Airways have strengthened their partnership through an expanded codeshare agreement, unlocking 11 new international routes for Kenyan travellers. The development comes as Qatar Airways introduces a third daily flight between Doha and Nairobi, further boosting connectivity between Kenya and the Gulf region. Click here to …