The National Infrastructure Fund (NIF) Board proudly announces the appointment of Dr. James Mworia as the founding Chief Executive Officer. This strategic move advances the government's initiative to operationalize an institution dedicated to mobilizing billions of shillings for significant infrastructure projects.In a notice released on Monday, September 7, the board
Business
Burundi Businesses Push EAC to Remove Trade Barriers and Cut Costs
Burundi's private sector has urgently called for decisive actions to eliminate non-tariff barriers (NTBs), reduce logistics costs, and enhance the business environment. These measures aim to unlock greater trade and investment within the East African Community (EAC).This call to action emerged during the EABC CEO–Trade & Investment Roundtable in Bujumbura,
Landlords Warned Against Excessive Tenant Data Collection
Last week, a report highlighted that landlords and letting agents in Nairobi's premium rental market increasingly request employment letters, payslips, KRA PIN details, salary information, and other financial documents from potential tenants. Landlords have a valid interest in assessing whether prospective tenants can meet their financial commitments for substantial leases.
Kenya Faces Milk Shortage as Dry Weather Cuts Dairy Production
The country is currently facing a milk shortage primarily due to dry and cold conditions that have diminished pasture and fodder availability in crucial dairy-producing regions. This situation has led to a significant decrease in the volume of milk supplied to processors.The Kenya Dairy Board (KDB) reported a decline in
KRA Boosts Tax Compliance With eTIMS Integration
Kenya Revenue Authority (KRA), in partnership with the National Treasury, proudly announces the successful integration of the Electronic Tax Invoice Management System (eTIMS) with the Integrated Financial Management Information System (IFMIS). This strategic initiative aims to enhance tax compliance and elevate transparency in government transactions. KRA emphasizes that this integration
Kenyan Retirees Can Transfer 50% of Pension to Medical Fund Under New Rules
Kenyan retirees now have the opportunity to transfer up to 50% of their accrued retirement benefits into dedicated medical funds, enhancing their financial security for healthcare costs post-employment. This initiative, introduced through the Retirement Benefits (Post-Retirement Medical Funds) Regulations, 2026, creates a structured approach for individuals to save specifically for
CBK Treasury Bills Auction Raises Ksh 44.3 Billion on Strong Demand
The Central Bank of Kenya (CBK) successfully accepted Treasury bills totaling Ksh 44.32 billion in its latest auction, significantly surpassing the initial offering of Ksh 28 billion across three maturities.This auction featured 91-day, 182-day, and 364-day Treasury bills, demonstrating robust investor demand for these government securities.According to the results released
Sony Sugar Revival Boosts Awendo Economy
The revival of Sony Sugar has ignited optimism for business growth in the sugar-belt towns, including Awendo Town and its neighboring areas, which are now thriving with activity.In a recent interview, Jane Pamela Odhiambo, Managing Director of Sony Sugar Company 2025 Limited, highlighted that the region's renewed confidence stems from
Mombasa Urged to Unlock Blue Economy Potential Beyond Port Trade
Mombasa has only tapped into about half of its potential in the maritime sector, and it is time to move beyond mere transit trade to fully embrace the broader opportunities presented by the blue economy, as highlighted by foreign maritime expert Rhavy Nursimulu. Nursimulu, the founder and CEO of Logi-Consult,
KRA to Access Uber, Bolt & Glovo Parcel Records Under New CA Rules
The moment you send a parcel through Uber, Bolt, Glovo, or Little in the future, the Government may access information about the sender, recipient, and declared contents of the package.New regulations from the Communications Authority of Kenya (CA) mandate that app-based courier platforms record and verify sender and recipient details,