Business

By: BBC Global oil prices have fallen significantly after US President Donald Trump announced a two-week ceasefire. Early Tuesday, a barrel of crude oil traded on international markets was worth $103.42, while U.S. crude was near $103.25 a barrel. However, prices are still higher than before the conflict began on …

A new survey shows that over a quarter of Kenyans downsized to more affordable rental housing in 2025 as households responded to growing financial pressure. The Old Mutual Financial Wellness Monitor reveals that 27 per cent of respondents moved to cheaper homes, while 22 per cent opted for lower-cost brands …

The Energy and Petroleum Regulatory Authority (EPRA) has appointed Joseph Oketch as Acting Director General following the resignation and arrest of Daniel Kiptoo, who is under investigation for allegedly creating an artificial fuel shortage. Kiptoo stepped down amid claims that national fuel stock data was manipulated, leading to a false …

Saboti MP Caleb Amisi has urged the government to lower VAT on fuel from 16 per cent to 8 per cent to ease the burden on Kenyans amid rising costs. He warned that the country is likely to face a fuel crisis fueled by global geopolitical tensions, particularly the Iran–U.S. …

Kenya’s local airline, 748 Air Services, has announced plans to restart scheduled passenger flights this May, signaling its return to the domestic aviation market after a period of operational restructuring. The airline’s service, Fly 748.com, will initially link Jomo Kenyatta International Airport (JKIA) with major coastal and regional destinations, including …

Kenyans should brace for higher fuel prices in May, with Treasury Cabinet Secretary John Mbadi warning that global oil market instability linked to the Middle East conflict will likely push costs up. Appearing before the National Assembly’s Finance and National Planning Committee, Mbadi said the expected increase will mainly be …

Africa’s aviation sector continues to grow, with airports in the southern and northern regions dominating the latest rankings of the continent’s top travel hubs. Based on the 2026 World Airport Awards—determined through global passenger surveys—Cape Town International Airport has been ranked as the best airport in Africa. Click here to …

United Bank for Africa (UBA) Kenya has returned to profit, reporting a net earnings of Sh426.8 million for the year ending December 31, 2025, a turnaround from a loss of Sh586.75 million recorded in 2024. The recovery was largely driven by a strong 76 percent increase in customer deposits, which …

The Kenya Revenue Authority (KRA) has introduced a new WhatsApp-based platform designed to make it easier for Kenyans to file their tax returns. The system streamlines the filing process, cutting the number of steps from eight to just three, with the aim of enhancing efficiency and user experience. Click here …

Safaricom’s Ziidi Money Market Fund (MMF) has posted a net profit of Sh784.2 million for the 14-month period ending December 31, 2025, supported by increased investor participation. Financial statements show the fund earned nearly Sh1 billion in income from a total of Sh14.7 billion invested by users, reflecting strong demand …