Economy

Dubai is shifting its focus from luxury tourism to more affordable travel, targeting Kenyan budget travelers with cost-friendly holiday deals. Click here to join our WhatsApp Channel A team of tourism officials is currently in Nairobi as part of an African roadshow aimed at rebranding Dubai as not just a …

Kenya’s alcohol manufacturers and distributors are pushing for a further reduction in excise tax on a key ingredient used in spirit production, warning that the current rate remains too high compared to neighboring countries, encouraging illicit trade and smuggling. Click here to join our WhatsApp Channel This follows the National …

The matatu industry has raised concerns over mounting financial losses caused by ongoing protests in Nairobi and other major towns, warning that continued unrest could push many investors—especially those servicing loans—into default and risk of repossession. Click here to join our WhatsApp Channel According to the Matatu Owners Association (MOA), …

Carbon trading schemes could unleash up to 2.5 gigatonnes of additional emissions every year, worsening pollution across Africa, a new report by Power Shift Africa (PSA) has cautioned. Click here to join our WhatsApp Channel Titled “Why Carbon Markets Are a Dangerous Distraction for Africa”, the report argues that carbon …

The Central Bank of Kenya (CBK) has extended the operating hours for bulk payments under the Kenya Electronic Payment and Settlement System (KEPSS) to enhance the processing of large-value and time-sensitive transactions. Click here to join our WhatsApp Channel Effective July 1, 2025, KEPSS—the country’s Real Time Gross Settlement (RTGS) …

Kenya has earned Sh10 billion in revenue from taxing digital assets over the past financial year, a success highlighted by former KRA chair Anthony Mwaura. However, industry experts are raising red flags over the potential long-term impact of the current tax structure on the country’s digital asset ecosystem. Click here …

President William Ruto has announced that over 100,000 small and micro enterprises (SMEs) across Kenya will benefit from a Sh5 billion grant aimed at strengthening grassroots businesses. Click here to join our WhatsApp Channel Speaking during an interdenominational service at Friends Comprehensive School Kivaywa in Kakamega’s Likuyani constituency, the President …

Kenya’s foreign exchange reserves continued their upward trend this week, increasing by $357 million to hit an all-time high of approximately $10.94 billion, according to the Central Bank of Kenya’s (CBK) weekly financial markets report released Friday evening. Click here to join our WhatsApp Channel The CBK noted that this …

Kenya’s horticulture export earnings dropped by 11.2 percent in the first quarter of 2025, according to a report released Friday by the Central Bank of Kenya. Click here to join our WhatsApp Channel The decline has been linked to a stronger Kenyan shilling and disruptions along the Red Sea trade …

Motorists will now pay Sh2.69 more per litre for Super petrol following the latest price adjustment by the Energy and Petroleum Regulatory Authority (EPRA). Click here to join our WhatsApp Channel As a result, the new price of Super petrol has risen to Sh177.42 per litre for the next month. …