President William Ruto confidently announced that the groundbreaking ceremony for the Ksh2 trillion East Africa Refinery in Lamu will take place as scheduled on Wednesday. He will lead this significant event at Lamu Port, welcoming several regional leaders and esteemed dignitaries. During a recent visit to Kilifi, where he issued
Business
Farmers Urged to Embrace Technology for Higher Incomes
Smallholder farmers across the nation can boost their incomes by embracing the latest technologies in their production processes.At the upcoming Africa International Agricultural Expo 2026, Agriculture Secretary James Wanjohi emphasized that small-scale farmers can collaborate through cooperatives and producer associations to collectively acquire equipment. This approach will help lower individual
CBK Penalizes 33 Banks Over Loan Pricing Rules
Kenyan borrowers are now questioning how banks determine loan interest rates after the Central Bank of Kenya (CBK) imposed penalties on 33 commercial banks due to significant violations of banking regulations.The CBK noted that most issues identified during their inspections were related to the implementation of the Risk-Based Credit Pricing
Kenya Power Posts KSh24.99 Billion Profit
Kenya Power proudly announced a remarkable profit after tax of Ksh24.99 billion for the financial year ending June 30, 2026. This achievement stems from increased electricity sales, a growing customer base, and reduced finance costs, all of which significantly enhanced the utility’s financial performance.In a press release issued on Friday,
Kenya Vehicle Sales Drop 12% in July
In July, Kenya experienced a significant decline in new motor vehicle sales, continuing a trend of slowdown despite lower interest rates and a stable exchange rate that typically facilitate asset financing for buyers. During this month, dealers recorded sales of 1,677 vehicles, which is a decrease of 235 units compared
Dr James Mworia Named NIF CEO as Kenya Targets Sh5 Trillion
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
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