Business

A majority of small and medium enterprises (SMEs) in Kenya are increasingly turning to credit as a means to fuel their business expansion, according to the latest Mastercard SME Confidence Index report. Click here to join our WhatsApp Channel These businesses are embracing digital payments, utilizing technology, and forming strategic …

KK Security Limited is preparing to lay off around 1,000 employees across all levels in Kenya due to ongoing economic challenges. Click here to join our WhatsApp Channel In an internal memo to staff, Kenya Kazi Services Limited and Kenya Kazi Limited highlighted factors such as rising operational costs, recent …

Passenger service vehicle operators at the railway bus terminal will be relocated by the end of the year to make way for the Sh30 billion Nairobi Railway City project. Click here to join our WhatsApp Channel Kenya Railways Managing Director Philip Mainga confirmed that an agreement has been made with …

Kenya Airports Authority (KAA) is in the final stages of establishing Sea-Air Terminals at Moi International Airport in Mombasa to improve regional cargo movement. Click here to join our WhatsApp Channel Caleb Kositany, Chairman of the Kenya Airports Authority Board, explained that the new terminal will enable quick conversion of …

Kenya’s tourism sector saw significant growth in 2024, with international arrivals reaching a record 2.4 million, according to the latest data from the Ministry of Tourism and Wildlife. Click here to join our WhatsApp Channel Tourism earnings also saw a major rise, increasing from Sh377.49 billion in 2023 to Sh452.20 …

The Interim Sugar Pricing Committee has increased the minimum sugarcane price from Sh5,000 to Sh5,300 per tonne, effective immediately. Click here to join our WhatsApp Channel The decision was made following a meeting on February 7, 2025, to assess farmers’ earnings. Agricultural Principal Secretary Paul Ronoh has instructed all sugar …

The Capital Markets Tribunal has announced that it will not proceed with hearing Mihr Samir Thakar’s appeal, which contested the Capital Markets Authority’s (CMA) decision to suspend the trading of Kenya Airways PLC shares at the Nairobi Securities Exchange (NSE). Thakar filed a memorandum of appeal on January 16, 2024, …

Merger talks between Honda and Nissan have collapsed after the firms failed to agree on a multi-billion-dollar tie-up. The Japanese carmakers, along with junior partner Mitsubishi, had aimed to combine their businesses to fight back against competition from rival firms, especially in China. The merger would have created an auto …

Equity Bank has followed suit with other financial institutions by reducing its lending rates. The bank has announced a 300 basis point (3 percent) cut in interest rates for both new and existing loans denominated in Kenyan Shillings. Effective from February 13, 2025, for new loans and March 1, 2025, …

The Cabinet has approved a Sh4.26 trillion budget for the 2025/26 financial year. Click here to join our WhatsApp Channel This budget, which will be presented to Parliament for further review, allocates Sh3.09 trillion for recurrent expenditures and Sh725.1 billion for development projects. Within the development budget, Sh436.7 billion is …