Business

Airtel Kenya Launches AI System to Combat SMS Fraud and Spam

Airtel Kenya has introduced a new artificial intelligence (AI)-driven system aimed at shielding its mobile users from spam and fraudulent SMS messages. Click here to join our WhatsApp Channel The service, offered free of charge, automatically detects and flags suspicious messages, alerting customers instantly. Utilizing AI algorithms, the system evaluates …

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European Firm Cleared to Acquire Pollman’s Tours and Safaris

The Competition Authority of Kenya (CAK) has given the green light for Africa Travel Investments Limited to acquire Pollman’s Tours and Safaris Limited. Under the approved deal, Africa Travel Investments will assume full ownership of Pollman’s by acquiring 100% of its issued shares. Click here to join our WhatsApp Channel …

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Inflation Drops to 4.5% in 2024 from 6.8% in 2023 – KNBS

According to a new report by the Kenya National Bureau of Statistics (KNBS), the country’s annual inflation rate declined to 4.5% in 2024, down from 6.8% the previous year. Click here to join our WhatsApp Channel This drop was largely attributed to reduced food prices and the strengthening of the …

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Del Monte Kenya Taps Pineapple Waste Potential with Acquisition of Mananasi Fibre Ltd

Del Monte Kenya has taken a significant step toward sustainable production by acquiring Mananasi Fibre Limited (MFL), a company that specializes in converting pineapple plant waste into useful products. Click here to join our WhatsApp Channel The Competition Authority of Kenya (CAK) gave the green light for the Thika-based firm …

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AirAsia X to Suspend Nairobi-Kuala Lumpur Route Due to Low Demand

AirAsia X, the budget division of AirAsia, will discontinue its Kuala Lumpur-Nairobi flights starting September 1, 2025, due to insufficient demand. The airline announced that customers with bookings beyond the suspension date will receive a refund. “Starting September 1, 2025, AirAsia X (flight code D7) will halt flights between Kuala …

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Proposed Tax Changes to Raise Costs of Medicine, Energy, and Animal Feed

Kenyans may soon face higher costs at pharmacies, markets, and in their power bills if a series of proposed tax changes in the Finance Bill 2025 are approved by Parliament. The National Treasury, led by Cabinet Secretary John Mbadi, is pushing to widen the tax base by withdrawing VAT zero-rating …

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Employers Push for Housing Levy Reduction, Tax Reforms, and Business-Friendly Environment

Employers are urging the government to lower the housing levy contribution rate to 0.5%, remove VAT on basic food items, and base statutory deductions on employees’ basic pay. Through the Federation of Kenya Employers (FKE), they are also requesting an adjustment of tax relief bands from Sh24,000 to Sh36,000. Additionally, …

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IMF to Audit Kenya’s Governance System, Treasury CS Mbadi Confirms

National Treasury Cabinet Secretary John Mbadi has provided an update on the ongoing IMF Governance Diagnostics Program, which is set to conclude in October. Click here to join our WhatsApp Channel He expressed support for making the final report public, although the decision ultimately lies with the Cabinet. The program, …

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Kenya’s April Inflation Hits 8-Month High Due to Rising Food and Utility Costs

Kenya’s inflation climbed to 4.1% in April, the highest level in eight months, driven by a surge in food prices and rising costs of essential non-food items, according to new data from the Kenya National Bureau of Statistics (KNBS). Click here to join our WhatsApp Channel The increase marks a …

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Gov’t Shuts Down Over 50 Betting Firms 

More than 50 betting companies have been shut down by the government for operating without authorization from the Betting Control and Licensing Board (BCLB). Click here to join our WhatsApp Channel In a letter addressed to David Mugonyi, CEO of the Communications Authority of Kenya, the BCLB instructed Safaricom to …

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