Economy

Faulu Microfinance Bank has officially joined the Kenya Bankers Association (KBA) clearing house, marking a significant step towards enhancing transaction efficiency for its customers nationwide. This follows the bank’s integration into the Automated Clearing House (ACH), a system developed in collaboration with KBA and the Central Bank of Kenya (CBK) …

Safaricom has reported a 10.8% increase in its net profit for the year ending March 2025, reaching Sh69.8 billion, driven by strong growth in M-Pesa and data services. M-Pesa revenue grew by 15.2% year-on-year, contributing Sh161 billion, or 44.2% of the company’s total service revenue, which amounted to Sh388.7 billion. …

Proposed changes to the 2025 Finance Bill could undermine Kenya’s economic recovery and industrial growth, according to tax experts from Ernst & Young (EY). Click here to join our WhatsApp Channel The firm has raised concerns over plans to eliminate VAT exemptions for specific sectors, warning that imposing the standard …

Kenya has officially asked the Ghanaian government to allow Kenya Airways (KQ) to set up a secondary hub in Accra, aiming to improve air connectivity across West Africa and to international destinations. Click here to join our WhatsApp Channel The request was made on May 8, 2025, by Roads and …

Airtel Kenya has introduced a new artificial intelligence (AI)-driven system aimed at shielding its mobile users from spam and fraudulent SMS messages. Click here to join our WhatsApp Channel The service, offered free of charge, automatically detects and flags suspicious messages, alerting customers instantly. Utilizing AI algorithms, the system evaluates …

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 …