Economy

iTax services to be unavailable this weekend – KRA

The Kenya Revenue Authority (KRA) has announced that its iTax platform will undergo temporary downtime this weekend to allow for scheduled system maintenance. In a notice released Friday evening, KRA stated that the maintenance will begin on Saturday, October 25, 2025, at 8:00 p.m. and end at midnight on Sunday, …

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Absa Bank Uganda Acquires Standard Chartered’s Retail and Wealth Business

Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) division of Standard Chartered Bank Uganda, marking a major expansion of its presence in the country’s financial market. Under the deal, all Standard Chartered WRB customers and employees will transition to Absa once the …

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Motorists to Pay Sh8 Per Kilometre on Rironi–Mau Summit Expressway

Motorists will be charged Sh8 per kilometre to use the Rironi–Mau Summit Expressway once the road is expanded into a dual carriageway, the Kenya National Highways Authority (KeNHA) has announced. According to KeNHA, the 175-kilometre project will be jointly developed and managed by the China Road and Bridge Corporation (CRBC) …

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KRA Introduces Stricter Rules for Tax Compliance Certificate Applications

The Kenya Revenue Authority (KRA) has unveiled new and stricter measures governing the application process for the Tax Compliance Certificate (TCC), in a move aimed at strengthening tax compliance among businesses and non-individual taxpayers. In a public notice dated October 24, 2025, KRA announced that TCC applicants must now demonstrate …

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Kenya Tops East Africa in Energy Use and Renewable Power Generation

Kenya has emerged as the East African Community (EAC) leader in both energy consumption and renewable energy production, according to the latest Energy and Petroleum Statistics Report by the Energy and Petroleum Regulatory Authority (EPRA). The report reveals that Kenya recorded the region’s highest electricity peak demand at 2,316 megawatts …

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Kenyan Firms Turn to Self-Financing as Borrowing Costs Remain High

A growing number of Kenyan companies are funding their operations and expansion projects using their own resources rather than bank loans, as high interest rates and tough lending terms persist, a new Central Bank of Kenya (CBK) survey shows. The September 2025 CEOs Survey reveals that most firms now rely …

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Kenya Airways and Qatar Airways Expand Codeshare to 11 New Global Destinations

Kenya Airways (KQ) and Qatar Airways have strengthened their partnership through an expanded codeshare agreement, unlocking 11 new international routes for Kenyan travellers. The development comes as Qatar Airways introduces a third daily flight between Doha and Nairobi, further boosting connectivity between Kenya and the Gulf region. Click here to …

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How Kenya’s Young Women Are Turning Beauty into Business

By:  Mercy Sila At dawn in Nairobi’s Gikomba market, 24-year-old Lydia Muthoni is already arranging wigs, nail kits, and skincare products. What began as a side hustle on Instagram has turned into her main source of income—supporting not only herself but also her siblings back home in Murang’a. “I never …

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Safarilink Dismisses Claims of Price Surge on Nairobi–Kisumu Route

Regional airline Safarilink has rejected social media claims suggesting that it had drastically raised ticket prices for the Nairobi–Kisumu route. The company described the allegations as “false and misleading” after Kileleshwa MCA Robert Alai posted on X that one-way tickets were allegedly going for $644 (Sh93,000). Click here to join …

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Raila Odinga: The Business Magnate Behind the Political Icon

While the late Raila Odinga was celebrated for his towering political influence, he was also a strategic entrepreneur who quietly built a broad and successful business portfolio cutting across energy, manufacturing, agriculture, and real estate. Click here to join our WhatsApp Channel The former Prime Minister, who passed away in …

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