Business

Carbon trading schemes could unleash up to 2.5 gigatonnes of additional emissions every year, worsening pollution across Africa, a new report by Power Shift Africa (PSA) has cautioned. Click here to join our WhatsApp Channel Titled “Why Carbon Markets Are a Dangerous Distraction for Africa”, the report argues that carbon …

The Central Bank of Kenya (CBK) has extended the operating hours for bulk payments under the Kenya Electronic Payment and Settlement System (KEPSS) to enhance the processing of large-value and time-sensitive transactions. Click here to join our WhatsApp Channel Effective July 1, 2025, KEPSS—the country’s Real Time Gross Settlement (RTGS) …

Kenya has earned Sh10 billion in revenue from taxing digital assets over the past financial year, a success highlighted by former KRA chair Anthony Mwaura. However, industry experts are raising red flags over the potential long-term impact of the current tax structure on the country’s digital asset ecosystem. Click here …

President William Ruto has announced that over 100,000 small and micro enterprises (SMEs) across Kenya will benefit from a Sh5 billion grant aimed at strengthening grassroots businesses. Click here to join our WhatsApp Channel Speaking during an interdenominational service at Friends Comprehensive School Kivaywa in Kakamega’s Likuyani constituency, the President …

Kenya’s foreign exchange reserves continued their upward trend this week, increasing by $357 million to hit an all-time high of approximately $10.94 billion, according to the Central Bank of Kenya’s (CBK) weekly financial markets report released Friday evening. Click here to join our WhatsApp Channel The CBK noted that this …

Motorists will now pay Sh2.69 more per litre for Super petrol following the latest price adjustment by the Energy and Petroleum Regulatory Authority (EPRA). Click here to join our WhatsApp Channel As a result, the new price of Super petrol has risen to Sh177.42 per litre for the next month. …

Bolt has introduced a new ride category, Bolt Comfort, targeting Nairobi’s rising middle-class and professional clientele who prefer more premium transport services. Click here to join our WhatsApp Channel Launched on Wednesday, the move aims to draw higher-end passengers and boost ride values in response to shifting urban mobility needs. …

Kenya is losing an estimated Sh9 billion each year due to a spike in the illicit cigarette trade, which now accounts for 37 percent of the country’s tobacco market, according to a new report. Click here to join our WhatsApp Channel The findings, published by global research firm Kantar, show …

The East African Community (EAC) is stepping up efforts to market the region as a single, integrated tourism destination, the bloc said in a statement released late Saturday. Click here to join our WhatsApp Channel The announcement came during Karibu-Kilifair 2025, the region’s largest tourism exhibition, which wrapped up on …

Twiga Foods, a key player in fresh produce and retail distribution, has temporarily suspended its operations to implement major internal upgrades, including a move to a more strategically located distribution hub. Click here to join our WhatsApp Channel In a message to clients and partners, the company stated that it …