Business

The Kenya Bankers Association (KBA) has confirmed the implementation of a Ksh2 million ($15,000) withdrawal limit, aligning with the Anti-Money Laundering Act. Speaking before the Departmental Committee on Finance and …

Starting Tuesday, April 1, ride-hailing platform Bolt will begin applying a 16 percent Value Added Tax (VAT) on its drivers’ earnings, marking the end of a 15-month period in which …

Kenya Reinsurance Corporation (Kenya Re) has announced that it will maintain a dividend payout of Sh839.94 million despite a decline in net profit by 10.8% for the financial year. The …

Tanzania has introduced fresh tariffs on various Kenyan goods, including meat, dairy, eggs, and confectionery products, a move that is straining trade relations between the two countries. The new levies, …

LG Electronics East Africa, in collaboration with Opalnet Engineering Ltd, is set to revolutionize the regional air conditioning market with its latest range of eco-friendly products. The unveiling, which took …

Kenyan enterprises operating in South Sudan are facing the threat of massive losses and potential shutdowns as the country inches closer to renewed civil war. The United Nations has termed …

Kenya is making significant strides in the regulation and taxation of cryptocurrencies, positioning itself as a leader in Africa’s rapidly expanding digital economy. With over four million Kenyans—about 8.5% of …

The default rate on popular digital loans surged to highs of up to 40 percent in the year ending December 2024, according to a report by the sector lobby. This …

Weetabix East Africa is investing Sh200 million in upgrading its Nairobi production facility as part of a broader strategy to penetrate the European and American markets. This move marks a …