Economy

Kenya’s export earnings remained largely steady last year, despite mixed performance across different global markets, according to the 2026 Economic Survey by the Kenya National Bureau of Statistics (KNBS). Africa continued to dominate as Kenya’s biggest export destination, with earnings from the continent rising by 6.4% to Sh452.8 billion. This …

Safaricom has revealed that M-Pesa processes around Sh100 billion in transactions day, highlighting the vast scale of Kenya’s digital payments landscape. CEO Peter Ndegwa said the platform facilitates nearly 500 million transactions daily. Speaking at the Connected Africa Summit 2026, he noted that M-Pesa’s system is capable of handling up …

Sugarcane farmers have strongly opposed the government’s move to reduce the minimum price of cane from Sh5,750 to Sh5,500 per tonne, warning that the decision could trigger a sector-wide strike and push many growers out of the industry. In a statement, farmers represented by the Sugar Campaign for Change (Sucam) …

The Kenya Revenue Authority (KRA) has reminded taxpayers that the deadline for clearing all outstanding 2025 tax arrears is Thursday, April 30, after which penalties and interest will begin to accrue. While the filing deadline for annual tax returns remains June 30, KRA clarified that April 30 is strictly the …

The government has lowered the minimum price of sugarcane from Sh5,750 to Sh5,500 per tonne, marking a Sh250 reduction. In a directive released on April 24, the Kenya Sugar Board instructed all licensed millers to adopt the new price immediately and ensure timely payments to farmers nationwide. Click here to …

The Kenya Revenue Authority (KRA) has done away with the requirement for filing Nil Returns and introduced a new category known as “PIN with No Obligation” (PWO), signaling a major change in Kenya’s tax compliance system. This update is set to benefit individuals without income—such as students and others not …

Outsourcing company Sama has announced plans to lay off 1,108 employees at its Nairobi office following the termination of a major contract by Meta Platforms. In a redundancy notice dated April 16, the firm said the job cuts come after Meta formally ended a key engagement that had been supporting …

Kenyan tea farmers are warning of a difficult year ahead as escalating conflict in the Middle East disrupts major shipping routes, causing delays in exports and putting billions in earnings at risk. According to Enos Njeru, chairman of the Kenya Tea Development Agency Holdings, the sector is coming under growing …

The Kenya National Chamber of Commerce and Industry (KNCCI) has raised concerns over the continued high cost of fuel, warning that it is putting heavy pressure on the transport sector and could trigger wider economic instability if no urgent interventions are made. In a statement, the chamber said elevated pump …

Car dealers and importers are facing challenges following stricter rules by the National Transport and Safety Authority (NTSA) on the use of KD number plates, with industry players warning of delivery delays and operational disruptions. Under the new regulations, KD plates—typically used on unregistered vehicles—are now restricted to specific purposes …