Business

The 2025 Special 301 Report released by the Office of the United States Trade Representative has placed Kenya on a worrying list of countries with weak systems to stop counterfeit …

Tullow Oil, the well-known British company involved in oil and gas, has decided to leave Kenya after years of trying to help the country become an oil exporter. On April …

The National Treasury has approved the University of Nairobi’s plan to construct new student hostels with a total capacity of 4,000 beds under a public-private partnership (PPP) arrangement. According to …

Mauritius-based SBM Holdings has pumped an additional Sh819 million into its Kenyan subsidiary, SBM Bank Kenya, as part of continued efforts to stabilise operations amid mounting financial losses. The fresh …

Kenyans living and working abroad sent home $1.23 billion (Sh159.5 billion) during the first three months of this year, reflecting a slower growth rate of 2.2 percent compared to the …

The Kenya Revenue Authority (KRA) will publish a new valuation template for taxing imported second-hand cars by July 2025. The move follows mounting concerns from dealers over inflated duties and …

Kenya’s top nine tier I banks earned Sh61 billion more from lending in 2024, boosted by high interest rates that widened their margins despite rising deposit costs. A Business Daily …

The National Treasury’s Principal Secretary, Dr. Chris Kiptoo, today launched the Electronic Rental Tax Information System (eRITS), a digital platform designed to enhance rental income tax compliance and expand Kenya’s …

Stanbic Bank Kenya’s parent company, Standard Bank Group, is set to join China’s Cross-Border Interbank Payment System (CIPS) by the end of 2025 in a strategic move aimed at enhancing …