Kenya's private sector experienced growth in July for the first time in five months, marking a vital step toward economic recovery. This positive trend comes after a challenging period characterized by weak consumer demand, high operational costs, and geopolitical uncertainties.The latest Stanbic Bank Kenya Purchasing Managers' Index (PMI) climbed to
Business
Uchumi Pledges to Clear Remaining Debts Under Court-Approved CVA
Uchumi Supermarkets has taken a strong stance to fulfill all legitimate outstanding obligations to former employees and creditors. This commitment comes as the company faces scrutiny from Parliament regarding the implementation of its Court-approved Company Voluntary Arrangement (CVA).On Tuesday, August 4, 2026, the supermarket chain’s management provided this assurance while
Safaricom Explains Why Pochi la Biashara Hides Merchant Phone Numbers
Safaricom has provided clarity on the inability of customers to access a recipient's phone number after sending money to merchants via Pochi la Biashara. The telecommunications leader emphasizes that this restriction aligns with data privacy regulations that protect customers' personal information.On August 3, 2026, Safaricom responded to a query from
KRA Customs Revenue Hits Record Ksh988.78 Billion in FY2025/26
Kenya's remarkable achievement of Ksh988.78 billion in customs revenue is transforming the perspectives of importers and traders regarding compliance, technology, and border operations.In the 2025/2026 financial year, the Kenya Revenue Authority (KRA) Customs and Border Control Department surpassed its target of Ksh980.79 billion, achieving a historic revenue collection with a
Kenya Chosen as Launch Pad for Fast Rising African Ecommerce Platform Ivotia
The fast rising African ecommerce platform Ivotia has settled on Kenya as the ideal ground from which to launch its continental brand. The decision came after months of deliberation on whether to introduce Ivotia into Alkebulan through East Africa or South Africa. Kenya ultimately prevailed, owing to its favourable business environment
Kenya’s Economy Grows 5.3% in Q1 2026, Says KNBS
Kenya's economy experienced an impressive growth of 5.3% in the first quarter of 2026, up from 4.9% during the same period in 2025, as reported by the Kenya National Bureau of Statistics (KNBS) in their latest Quarterly Gross Domestic Product (GDP) Report.This positive data from KNBS indicates a robust economic
Experts Urge Kenya to End Wasteful Budget Allocations to Ministries and Counties
Financial professionals advocate for the government to reconsider allocating billions of shillings to ministries and counties that lack the capacity to effectively utilize these funds. This practice leads to wasteful supplementary budgets, hampers development projects, and diminishes value for taxpayers, experts emphasize.During a post-budget public finance discussion hosted by the
Kenya, EU Launch Strategy to Double Trade and Investment in Five Years
Kenya and the European Union have launched an exciting initiative aimed at doubling trade and investment values between them over the next five years. This ambitious goal builds on the positive momentum created by the Kenya-European Union Economic Partnership Agreement (EPA), which went into effect in July 2024 and has
Kenya Sells 15% Safaricom Stake as Vodafone Takes Majority Control
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
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