Economy

The government has prohibited the importation of 11 Chinese cigarette brands distributed by Shapo Ltd, citing breaches of the Tobacco Control Act, 2007, and the Tobacco Control Regulations, 2014. Click here to join our WhatsApp Channel Among the banned brands are RGD Blue, Huangshan, Harmonization, Septwolves, Naijing, and Guiyang, among …

Kenya is aiming to lift the ban on tea exports to Iran as part of efforts to diversify green leaf sales beyond traditional markets like Pakistan. Click here to join our WhatsApp Channel This was the focus of discussions during a meeting between Agriculture CS Mutahi Kagwe and a delegation …

Kenya Airways has rerouted several flights originally scheduled to land at Nairobi’s Jomo Kenyatta International Airport (JKIA) to Mombasa and Kilimanjaro due to reduced visibility caused by heavy fog. Click here to join our WhatsApp Channel In a statement, the airline explained that the flight diversions were a precautionary step …

The Kenya Revenue Authority (KRA) has introduced a new marine patrol vessel, KRA 009, to enhance its fight against illicit trade and tighten control over Kenya’s maritime borders. Click here to join our WhatsApp Channel Unveiled at the Port of Mombasa, the modern vessel is fitted with advanced navigation, communication, …

Digital lender MyCredit has received Sh1.4 billion in funding from global impact investors Oikocredit and BlueOrchard to boost lending to Kenya’s expanding private school sector. Click here to join our WhatsApp Channel The funding will offer customized loans of up to Sh10 million per school, repayable over six years, aimed …

Digital lender Tala has downsized its customer operations team, releasing 28 employees due to a significant rise in customers independently managing their loan repayments. Click here to join our WhatsApp Channel The company attributed the layoffs to a 95% surge in self-service loan repayment by users, which has reduced the …

Tullow Oil plc has reached a preliminary agreement to offload its entire Kenyan assets to Gulf Energy Ltd for a minimum of $120 million. Click here to join our WhatsApp Channel The deal, carried out via Tullow’s subsidiary, Tullow Overseas Holdings BV, will transfer ownership of Tullow Kenya BV, which …

Kenya is set to take part in Expo 2025 Osaka, Kansai, Japan, under the theme “Kenya Rising: From the Bottom Up.” Click here to join our WhatsApp Channel The country plans to spotlight advancements in renewable energy, trade, tourism, technology, and rich cultural traditions. The Kenya Pavilion will emphasize the …

The COMESA Competition Commission has found Heineken Holding guilty of engaging in anti-competitive behavior within its distribution network across member countries. Click here to join our WhatsApp Channel After a probe launched in 2021, the regional authority concluded that Heineken’s contracts with third-party distributors breached key sections of the COMESA …

The Central Bank of Kenya (CBK) has granted approval for Access Bank PLC of Nigeria to fully acquire National Bank of Kenya Limited (NBK), having met all regulatory requirements. Click here to join our WhatsApp Channel This green light follows an earlier endorsement from the Cabinet Secretary for National Treasury …