Economy

Hidden Costs? Orengo Calls Out EPRA Transparency Gaps

Siaya Governor James Orengo has strongly condemned the latest fuel price increases by the Energy and Petroleum Regulatory Authority (EPRA), accusing the agency of lacking transparency and disregarding the public. In his statement, Orengo argued that the regulator raised fuel prices without clearly explaining how the new rates were determined, …

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Brace Yourself: Matatu Prices Jump by 30%

Matatu operators have announced a 30% increase in fares effective today, April 15, following a sharp rise in fuel prices, a move set to push commuting costs higher across the country. Speaking on Tuesday, Matatu Owners Association chairman Albert Karakacha said the decision was driven by the latest fuel price …

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BREAKING: Petrol Up By KSh28, Diesel Up KSh40

A petrol station attendant fuelling a car. Photo I File

Kenya has announced a fresh review of petroleum pump prices, with motorists set to pay significantly more for Super Petrol and Diesel in the latest monthly pricing cycle. In a statement issued in line with Section 101(y) of the Petroleum Act 2019 and Legal Notice No.192 of 2022, the revised …

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CBK Licenses 32 More Digital Lenders

The Central Bank of Kenya has approved 32 additional Digital Credit Providers (DCPs), increasing the total number of licensed digital lenders in the country to 227. In a statement released on Tuesday, the regulator said the move is part of ongoing efforts under Section 59(2) of the CBK Act to …

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KRA Opens Top Job After Wattanga Exit

The Kenya Revenue Authority has announced a vacancy for the position of Commissioner General following the exit of Humphrey Wattanga. In a notice, KRA said the successful candidate will be responsible for overseeing daily operations, managing the Authority’s resources, and providing strategic leadership to staff while ensuring the institution meets …

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Sasini Plans Sale of Nairobi Avocado Plant in Strategic Shift

Agribusiness firm Sasini Plc has put its Nairobi-based avocado processing plant on the market, pointing to a possible change in its diversification strategy. In a public notice, Sasini Avocado EPZ Limited said the facility can process up to eight tonnes per hour and features modern infrastructure, including cold storage capable …

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Kagwe Pushes Bold Laws to End Food Imports

Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has stepped up efforts to reform the agricultural sector, urging swift legislative action to cut reliance on food imports while boosting local production and exports. Speaking during a high-level meeting that brought together State Agencies and Agriculture Committees from both the National …

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Fog Forces Flight Diversions to Mombasa

Kenya Airways has diverted several flights to Moi International Airport after low visibility disrupted operations at Jomo Kenyatta International Airport. In an update issued on April 10, the airline said the adverse weather conditions had affected both departures and arrivals, leading to delays across its network. Passengers were advised to …

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Oil Prices Rise as Traders Eye Fragile US-Iran Ceasefire

By: BBC Global oil prices rose in Asian morning trade on Thursday as investors watch developments in the fragile US-Iran ceasefire. The conditional two-week ceasefire has been tested after Israel launched a wave of deadly strikes on Lebanon, prompting Tehran to warn of a “regret‑inducing response” if the attacks continue. …

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Safaricom, Coca-Cola Among Firms Facing KRA Auction

The Kenya Revenue Authority (KRA) has given individuals, companies, and government agencies 30 days to claim goods held at customs warehouses at JKIA or risk having them auctioned. In a gazette notice dated March 27, KRA stated that items stored at DHL JKIA and Forodha House will be treated as …

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