Economy

Uchumi Supermarkets has resumed operations at two Nairobi outlets, signaling a renewed push into Kenya’s retail sector. The retailer has relaunched its branches at Unicity Mall along Thika Road, near Kenyatta University, and at Lang’ata Hyper off Lang’ata Road. The reopenings mark a gradual return following a period of restructuring. …

The Kenya Revenue Authority (KRA) has instructed all Uber drivers to submit a valid KRA Personal Identification Number (PIN) certificate in line with new tax compliance rules. In a notice shared with drivers, Uber said the requirement is intended to help the company support driver compliance with existing tax laws …

Around 40,000 small-scale farmers across six counties are set to benefit from a Sh600 million programme funded by the European Union, aimed at restoring soil fertility and boosting agricultural productivity. The €4.3 million initiative is being implemented by the International Fund for Agricultural Development (IFAD) in collaboration with the national …

Rice growers in Mwea, Kirinyaga County, are enjoying higher harvests and better earnings following the expansion of the Mwea Irrigation Scheme, with beneficiaries urging the government to scale up investment in the project. Farmers in the Karaba section say improved and reliable water supply has led to increased rice yields. …

Uber has suspended Visa card payments on its Kenyan platform, citing rising global costs of payment processing. A company spokesperson explained that Uber regularly reviews payment methods in each market to manage costs while minimizing disruption for users. “We routinely assess payment options on a market-by-market basis to keep costs …

Kenya Airways (KQ) is preparing to bring back a Boeing 777 aircraft currently on sub-lease to Turkish Airlines as part of its plan to expand network capacity and support its recovery strategy. In an interview with AeroTimes, KQ Acting Group Managing Director George Kamal said the airline is in advanced …

A leading tax policy expert is urging a review of the Finance Act 2023’s electronic invoicing (eTIMS) requirements, warning that tying tax-deductible expenses strictly to eTIMS compliance could unfairly penalize businesses—especially Micro, Small, and Medium Enterprises (MSMEs). Tax analyst Edna Gitachu said the current rules could create a “deductibility crisis” …

Mwananchi Credit, a microfinance institution, has refuted reports suggesting it is facing financial difficulties or failing to pay employee salaries. In an official statement, the company’s senior management confirmed that it remains financially stable and plans to expand operations this year while introducing improved products and services for clients. “All …

A constitutional case seeking to stop the proposed privatisation of the Kenya Pipeline Company (KPC) has been filed at the High Court, with the petitioners asking that the matter be referred to the Chief Justice to constitute a three-judge bench. The petition has been brought by activist Okiya Omtatah Okoiti …

Treasury Cabinet Secretary John Mbadi has justified the government’s choice to sell a stake in Safaricom to a strategic investor instead of offering the shares directly to Kenyan retail investors, saying a public sale would have reduced the share price and failed to deliver value for money. While appearing before …