Economy

Auron Energy E&P Limited, a company linked to Gulf Energy in Kenya, is set to acquire Tullow Oil’s Kenyan operations following the signing of a sale and purchase agreement. Click here to join our WhatsApp Channel The agreement, signed with Tullow Overseas Holdings BV — the parent company of Tullow’s …

Diamond Trust Bank Kenya (DTB) has announced a reduction in its base lending rate for loans issued in Kenyan shillings, lowering it from 14.41% to 14.21% annually, effective July 1, 2025. Click here to join our WhatsApp Channel The adjustment follows the Central Bank of Kenya’s (CBK) recent monetary policy …

The government has reconsidered its directive requiring coffee farmers to receive payments directly through bank or mobile money accounts, amid fears that the move could disrupt the coffee industry. The policy, introduced in 2023 by Co-operatives Cabinet Secretary Wycliffe Oparanya, aimed to speed up payments by cutting out delays and …

Naivas Supermarket is marking 35 years of business in Kenya by reaffirming its commitment to expansion and long-term sustainability. The retailer attributes its steady growth to a disciplined business approach and strong partnerships with suppliers over the years. Click here to join our WhatsApp Channel Joseph Pertton, Naivas Head of …

The Agriculture and Food Authority (AFA) has issued a directive banning the export and transit of raw, unprocessed macadamia nuts—both wet and dry—through Kenya. Click here to join our WhatsApp Channel In an official statement, AFA Director General Dr. Bruno Linyiru revealed that multiple shipments of raw macadamia nuts, allegedly …

Kenya Airways has announced the return of one of its previously grounded Dreamliner aircraft, a move set to significantly ease the airline’s fleet capacity constraints experienced since late 2024. Click here to join our WhatsApp Channel Group Managing Director and CEO Allan Kilavuka revealed that the aircraft will resume service …

The Kenya Revenue Authority (KRA) has outperformed its revenue collection goal by Sh16 billion, recording Sh2.571 trillion in total collections for the 2024/2025 financial year. Click here to join our WhatsApp Channel This marks a 6.8% increase from the Sh2.407 trillion collected in the previous fiscal year, despite economic headwinds …

Kenya Wildlife Service (KWS) is set to increase entry fees to national parks and protected areas in a bid to cover a funding shortfall of Sh11.87 billion. Click here to join our WhatsApp Channel The proposed fee adjustment is outlined in the draft Wildlife Conservation and Management (Access and Conservation …

The government has introduced a 4% Sugar Development Levy (SDL) on all sugar produced locally or imported, starting July 1, 2025, as part of a broader strategy to revitalise Kenya’s sugar industry. Click here to join our WhatsApp Channel In a statement, the Ministry of Agriculture said the levy will …

Car and General, a leading automotive and equipment distributor, says it is experiencing a rebound in boda boda sales following a sharp decline in 2024. Click here to join our WhatsApp Channel General Manager George Rubiri attributed the recovery to improved buyer financial discipline and a more stable economic climate. …