Business

The Kenya Revenue Authority (KRA) has provided clarification on its rollout of a newly updated Current Retail Selling Price (CRSP) list for used vehicles—the first major revision since 2019. Click here to join our WhatsApp Channel This update, introduced after a six-year pause, aims to reflect changes in Kenya’s automotive …

Kenya is losing an estimated Sh800 billion every year due to counterfeit goods, a new report has revealed. Click here to join our WhatsApp Channel The Anti-Counterfeit Authority (ACA) attributes this figure to roughly 9% of all illicit trade in the country, according to findings from the 2025 Consumer-Level Survey …

President William Ruto has announced that the government will invest Sh1 billion in upgrading the Usenge Pier and its supporting port infrastructure in Siaya County as part of efforts to stimulate the blue economy. Click here to join our WhatsApp Channel Hosting Siaya leaders and business figures at State House …

Equity Group has launched a public whistleblower initiative to enhance transparency and accountability and tackle unethical behavior and conflicts of interest within the organization. Click here to join our WhatsApp Channel The bank has shared dedicated whistleblowing contact details on its official Facebook and X (formerly Twitter) pages, encouraging the …

Vivo Energy Kenya, the official distributor of Shell products in the country, has unveiled a new range of advanced Shell fuels designed to reshape the local fuel industry. Click here to join our WhatsApp Channel The upgraded fuel lineup—Shell V-Power Unleaded, Shell FuelSave Unleaded, and Shell FuelSave Diesel—features enhanced cleaning …

Plastic pollution remains a growing issue in Kenya, particularly in urban centres and coastal regions. Click here to join our WhatsApp Channel The country currently produces around 966,000 tonnes of plastic waste annually—a figure expected to rise to five million tonnes by 2030, according to UNCTAD. Yet only 8–10% of …

The Kenya Revenue Authority (KRA) has announced that new Customs Reference Selling Prices (CRSP) for imported used vehicles will take effect on July 1. Click here to join our WhatsApp Channel In a public notice, the authority stated that the updated CRSP will guide the determination of customs value for …

Afya Sacco has officially written off Sh361.6 million lost in failed investments linked to the Kenya Union of Savings and Credit Co-operatives (KUSCCO), marking one of the most significant financial setbacks resulting from the scandal that rocked Kenya’s cooperative sector. The loss was disclosed in Afya Sacco’s consolidated financial report …

Jubilee Holdings has revealed a record dividend payout of Sh978 million for the 2024 financial year, driven by a strong performance that saw the insurer’s profit before tax reach Sh6.2 billion. At the company’s 87th Annual General Meeting (AGM) in Nairobi, shareholders approved a final dividend of Sh11.50 per share. …

Ford Motor Company is recalling close to 1.1 million vehicles in the U.S. due to a software malfunction that may prevent rearview cameras from displaying images, posing a heightened risk of accidents. Click here to join our WhatsApp Channel The recall affects select models from 2021 to 2024, including the …