Economy

Ride-hailing giant Uber is set to acquire Glovo Kenya as part of a Sh1.95 trillion ($13.2 billion) agreement to purchase Delivery Hero’s food delivery operations across 50 markets worldwide. The deal involves Delivery Hero’s businesses in Africa, Asia, the Middle East and Latin America, including Glovo’s operations in Kenya, Uganda, …

Motorists across Kenya will continue paying the same prices for fuel after the Energy and Petroleum Regulatory Authority (EPRA) announced that pump prices will remain unchanged for the pricing cycle running from July 15 to August 14, 2026. In a statement issued on Tuesday, the regulator said the maximum retail …

Kenya’s coffee industry has registered strong growth in the 2025/26 season, with earnings at the Nairobi Coffee Exchange (NCE) rising to Sh31.94 billion, driven by increased production and higher auction volumes. Kericho emerged as the country’s top coffee-producing county during the period. According to NCE data up to Auction Sale …

The Kenya Revenue Authority (KRA) has announced that the market interest rate used to calculate fringe benefit tax will remain at 8 per cent for the period covering July to September 2026. In a public notice released on Wednesday, KRA said the rate has been prescribed under Section 12B of …

Safaricom is set for significant governance changes following the increase of Vodacom’s shareholding to 55 percent, with shareholders expected to vote on the proposed amendments during the company’s Annual General Meeting (AGM) on July 31, 2026. Among the proposed changes is a new process for appointing the Chief Executive Officer …

Kenya’s outstanding debt to the World Bank fell to Sh1.728 trillion in March 2026, down from Sh1.964 trillion recorded in both September and December 2025, according to data from the National Treasury. The figures show a gradual decline in the country’s obligations to the lender after the debt reached a …

Tuk tuk operators have demanded a public apology from Professor Makau Mutua after he referred to their vehicles as “pathetic contraptions,” warning that they will pursue legal action and organise peaceful nationwide protests if he fails to apologise within seven days. In a statement, the Tuk Tuk Operators Network (TTON) …

The Kenya Revenue Authority (KRA) has announced that bottled water produced locally or imported into Kenya will no longer attract excise duty or require excise stamps following amendments introduced through the Finance Act, 2026. In a notice released on Monday, KRA said the new measures came into effect on July …

A Kenya Airways flight bound for New York was forced to return to Nairobi after developing a technical fault while flying over Chad. In a statement, the airline said Flight KQ002D experienced a spoiler system malfunction on Sunday evening, prompting the crew to carry out standard safety procedures before deciding …

The Kenya Revenue Authority (KRA) has reinstated a tax amnesty programme that offers a 100 percent waiver on penalties, interest and fines for tax debts accumulated up to December 31, 2025, in a move aimed at easing taxpayers’ financial burden and improving tax compliance. The six-month initiative, introduced through the …