Economy

The government will draw about Sh5 billion from the Petroleum Development Levy (PDL) Fund to cushion Kenyans against rising fuel prices in the latest monthly review covering the period May 15, 2026, to June 14, 2026. Energy and Petroleum Cabinet Secretary Opiyo Wandayi said the intervention is aimed at stabilising …

Members of Parliament have expressed concern over the proposed 2026/27 budget after key tourism agencies were left without any funding allocation, warning that the move could undermine Kenya’s tourism growth strategy. The National Assembly Departmental Committee on Tourism and Wildlife questioned the decision to exclude several Semi-Autonomous Government Agencies (SAGAs) …

Kenyans are awaiting the latest fuel price announcement from the Energy and Petroleum Regulatory Authority expected Thursday evening, amid concerns over rising global oil prices linked to growing tensions in the Middle East. The monthly review, which sets the retail prices of petrol, diesel, and kerosene, comes as consumers continue …

Kenya Airways has announced that flights between Nairobi and Dubai will resume starting May 14, 2026. In a customer notice released on Wednesday, the national carrier said it will begin with daily flights on the Nairobi–Dubai route, with more frequencies expected to be added gradually based on demand and operational …

Ride-hailing firm Bolt has raised its fares by 6% in an effort to ease pressure on drivers affected by rising fuel prices while still keeping rides affordable for customers. The company said the adjustment comes after ongoing complaints from driver partners over increasing operating costs, especially fuel expenses. Bolt noted …

Treasury Cabinet Secretary John Mbadi has announced plans to reintroduce the proposed tax on second-hand clothes, commonly known as mitumba, after it was removed from the Finance Bill 2026 by the National Assembly. Speaking while explaining the Bill’s proposals, Mbadi said the government intends to return the tax through amendments, …

Nigerian billionaire Aliko Dangote is reportedly weighing plans to construct a 650,000 barrels-per-day oil refinery in Mombasa instead of Tanzania’s Tanga port, according to Reuters citing the Financial Times. The proposed refinery, estimated to cost between $15 billion and $17 billion, would become one of Africa’s biggest privately funded energy …

Rising tomato prices across Kenya are forcing households to change how they cook, with many replacing the once-essential ingredient with cheaper alternatives. Some families have completely dropped tomatoes, relying instead on onions, spices, and traditional cooking methods to keep meals affordable. Others are turning to vegetables like carrots and beetroot, …

The Kenya Pipeline Company has officially launched the recruitment process for a new Managing Director following the resignation of Joe Sang last month. In a public notice, the company invited qualified candidates to apply for the top position before the May 20 midnight deadline. The successful applicant will serve on …

Safaricom has reported a record-breaking profit of nearly Sh100 billion for the 2025 financial year after net earnings surged by 67.3 per cent to Sh99.7 billion. The telecommunications giant linked the strong performance to innovative products and services that continue to improve customers’ everyday experiences. Click here to join our …