The Kenyan government’s decision to sell a 15 percent stake in Safaricom has initiated one of the most significant shifts in ownership for East Africa’s leading telecommunications company. While this move has sparked discussions about the state’s diminished shareholding, it also raises an important question for millions of Safaricom customers
Business
Mbadi Announces Six-Month Tax Amnesty for KRA Arrears
Treasury Cabinet Secretary John Mbadi has launched an exciting six-month tax amnesty for taxpayers with outstanding tax arrears. This initiative permits individuals to clear their principal tax without worrying about accumulated penalties and interest.In a recent interview with a local TV station on Wednesday, July 1, 2026, Mbadi elaborated on
Nyeri Farmers Thrive Through Organic Farming and Eco-Friendly Food Production
A year ago, a group of Nyeri residents united with a clear mission: to grow healthy food while caring for the environment. Now known as Nyeri Organic Herbs and Eco-fuel Enterprise (Nohefe), they embraced organic farming after training in agroecology, inspired by the harmful effects of agrochemicals on health
Kenya Tourism Contributed Sh1.6 Trillion to Economy in 2025, Supporting 1.8 Million Jobs
The travel and tourism sector contributed a remarkable Sh1.6 trillion to Kenya's economy last year, highlighting its vital role in economic growth. This marks a significant increase from Sh1.2 trillion the previous year, showcasing a 10% year-on-year growth as Kenya capitalized on a robust global travel trend, even in the
Kenya Raises KSh35.74 Billion as 91-Day Treasury Bills Attract Massive Investor Demand
The government successfully raised Ksh35.74 billion in the recent Treasury bills auction, attracting bids of Ksh48.98 billion against an offer of Ksh24 billion, as reported by the Central Bank of Kenya (CBK) on June 18, 2026.This auction featured 91-day, 182-day, and 364-day Treasury bills dated June 22, 2026, showcasing a
World Bank Warns of Rising Fuel & Living Costs in Kenya
Kenyan households may soon face rising living costs if global oil prices stay high, as the World Bank warns of potential energy disruptions pushing commodity prices up in 2026.According to the latest Global Economic Prospects report, oil prices could reach Ksh12,000 per barrel in 2026 due to geopolitical tensions and
Kenya Allocates Ksh386.1 Billion to BETA in 2026/27 Budget
The Kenyan government is investing Ksh386.1 billion in the 2026/27 budget to boost the Bottom-Up Economic Transformation Agenda (BETA). During the budget presentation on June 11, 2026, Treasury Cabinet Secretary John Mbadi highlighted that this funding will follow a value-chain approach, focusing on key sectors outlined in the government's economic
Kenya’s Tea, Coffee, Sugar and Edible Oil Sectors Record Strong Growth
The Treasury Cabinet Secretary John Mbadi highlighted impressive growth in Kenya’s tea, coffee, edible oil, and sugar sectors over the last three years, thanks to government efforts to boost agricultural productivity and farmer incomes.In his 2026/27 Budget Statement presented on June 11, 2026, Mbadi shared that tea production soared to
What Happens If You Send Money to the Wrong M-Pesa Number?
Kenya and South Africa Sign Six Agreements to Boost Trade
President William Ruto shared that Kenya and South Africa are set to enhance their economic partnership through new bilateral agreements designed to boost trade and growth.On June 5, 2026, Ruto highlighted the strong and growing trade relations between the two nations, emphasizing that there's still untapped potential to explore.“Kenya-South Africa