Economy

The Competition Authority of Kenya (CAK) has given the green light for Africa Travel Investments Limited to acquire Pollman’s Tours and Safaris Limited. Under the approved deal, Africa Travel Investments will assume full ownership of Pollman’s by acquiring 100% of its issued shares. Click here to join our WhatsApp Channel …

According to a new report by the Kenya National Bureau of Statistics (KNBS), the country’s annual inflation rate declined to 4.5% in 2024, down from 6.8% the previous year. Click here to join our WhatsApp Channel This drop was largely attributed to reduced food prices and the strengthening of the …

Del Monte Kenya has taken a significant step toward sustainable production by acquiring Mananasi Fibre Limited (MFL), a company that specializes in converting pineapple plant waste into useful products. Click here to join our WhatsApp Channel The Competition Authority of Kenya (CAK) gave the green light for the Thika-based firm …

AirAsia X, the budget division of AirAsia, will discontinue its Kuala Lumpur-Nairobi flights starting September 1, 2025, due to insufficient demand. The airline announced that customers with bookings beyond the suspension date will receive a refund. “Starting September 1, 2025, AirAsia X (flight code D7) will halt flights between Kuala …

Kenyans may soon face higher costs at pharmacies, markets, and in their power bills if a series of proposed tax changes in the Finance Bill 2025 are approved by Parliament. The National Treasury, led by Cabinet Secretary John Mbadi, is pushing to widen the tax base by withdrawing VAT zero-rating …

Kenya’s Ministry of Agriculture has announced a new policy that will allow all 142 tea factories in the country to sell their tea directly to international markets. This policy change, revealed on Friday, aims to eliminate middlemen and improve profit margins for tea farmers. Mutahi Kagwe, the Cabinet Secretary for …

Employers are urging the government to lower the housing levy contribution rate to 0.5%, remove VAT on basic food items, and base statutory deductions on employees’ basic pay. Through the Federation of Kenya Employers (FKE), they are also requesting an adjustment of tax relief bands from Sh24,000 to Sh36,000. Additionally, …

National Treasury Cabinet Secretary John Mbadi has provided an update on the ongoing IMF Governance Diagnostics Program, which is set to conclude in October. Click here to join our WhatsApp Channel He expressed support for making the final report public, although the decision ultimately lies with the Cabinet. The program, …

Two key unions representing sugarcane farmers and industry workers have endorsed the government’s plan to lease four state-run sugar factories—Nzoia, Chemilil, Muhoroni, and Sony—as part of wider reforms to revive the ailing sugar industry. Click here to join our WhatsApp Channel The Kenya National Federation of Sugarcane Farmers and the …

Kenya’s inflation climbed to 4.1% in April, the highest level in eight months, driven by a surge in food prices and rising costs of essential non-food items, according to new data from the Kenya National Bureau of Statistics (KNBS). Click here to join our WhatsApp Channel The increase marks a …