Economy

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 …

More than 50 betting companies have been shut down by the government for operating without authorization from the Betting Control and Licensing Board (BCLB). Click here to join our WhatsApp Channel In a letter addressed to David Mugonyi, CEO of the Communications Authority of Kenya, the BCLB instructed Safaricom to …

For 32 years, Vieterina Muthoni Bundi battled the harsh elements at her roadside vegetable stall—enduring rain that turned the area into a muddy mess, the scorching sun, dust storms that scattered her produce, and speeding vehicles that splashed dirty water onto her goods. At 69, she carries the memories and …

Agriculture Cabinet Secretary Mutahi Kagwe has affirmed that Kenya is well-prepared to meet the European Union’s upcoming flower import standards, with necessary protocols already submitted. Click here to join our WhatsApp Channel Kenya has developed and presented a False Codling Moth (FCM) System Approach protocol to the EU to ensure …

Bluejay Limited, the parent company of sports betting firm Betway, has filed for liquidation at the Milimani Law Courts’ Commercial and Tax Division. Click here to join our WhatsApp Channel The company, registered under number CPR/2015/206545, submitted the petition on September 30, 2024, under the provisions of Kenya’s Insolvency Act, …

Social media marketing remains a powerful tool for businesses, delivering significant results across key performance areas, according to data from January 2024. Click here to join our WhatsApp Channel A recent survey revealed that 83% of marketers identified increased brand visibility as the leading benefit of social media engagement. Website …