![Top advisors of President William Ruto have been locked in talks this week on how to end the fuel and maize subsidies without delivering a devastating blow to Kenyans' spending power - considering the Hustlers platform he was elected on that promised to lower the cost of living and empower SMEs. [Photo/ RAG]](https://businesstoday.co.ke/wp-content/uploads/2022/09/unnamed-2.png)
Petrol Surges to Ksh179 as Ruto Temporarily Retains Subsidy
“Taking into account the weighted average cost of imported refined petroleum products and in line with government policy to progressively remove subsidy on...
MARTIN SIELE1 Mins read
![Humphrey kariuki, Aliko Dangote and US Ambassador Meg Whitman were among those present at President William Ruto's inauguration on September 13th, 2022. [Photo/ BT Edit]](https://businesstoday.co.ke/wp-content/uploads/2022/09/Pi7compressedUntitleddesign3.png)
Meet the Billionaires Who Attended Ruto’s Inauguration
Also present were a number of influential figures from the world of business. Here, Business Today looks at two notable billionaires whose appearance...
MARTIN SIELE3 Mins read
![President William Ruto and First Lady Rachel Ruto. [Photo/ HusseinMohammedg]](https://businesstoday.co.ke/wp-content/uploads/2022/09/FchdtxNXEAAUbg1.jpg)
President William Ruto: The 5th Begins Five-Year Term
Also present at the colourful ceremony were delegations from several countries, including 20 African Heads of State, business representatives and diplomats. The US...
MARTIN SIELE1 Mins read
![Ndindi Nyoro pictured with President-elect William Ruto. With its 50.1% stake, the Government retains control of Kenya Power. Nyoro is now the largest individual shareholder in the power utility. [Photo/ Ndindi Nyoro]](https://businesstoday.co.ke/wp-content/uploads/2022/09/299555732_612540376897762_2235135274099703872_n-e1662988480613.jpg)
Ndindi Nyoro Sparks Scramble for Kenya Power Shares
Nyoro, who is also a partner in stock-broking firm Investax Capital, stated that he bought the stock as he believes it is undervalued....
MARTIN SIELE2 Mins read
Safaricom Ethiopia: IFC Splashes Ksh19.2B on Minority Stake
“IFC’s investment will support STE’s countrywide mobile network roll-out and help position the company to comply with the terms of its license, which...
MARTIN SIELE1 Mins read
![Keg beer, introduced in Kenya as an affordable, quality alternative to illicit brews, is becoming more expensive. [Photo/ Diageo]](https://businesstoday.co.ke/wp-content/uploads/2022/09/senator-keg-diageo_505_111012020008.jpg)
Why Keg Beer Prices Are Set to Rise
“We do see prices of everything changing particularly where taxes are involved. We will look at all different levers and get extra efficiencies...
MARTIN SIELE1 Mins read
![Nigeria was the country with the most grantees under the program with 23. It was followed by Kenya with twelve. [Photo/ Concordia Journal]](https://businesstoday.co.ke/wp-content/uploads/2022/09/s.png)
12 Kenyan Startups to Benefit From Ksh480M Google Fund
They will also get access to support including a 6 month training program, a network of mentors, tailored workshops, and community building sessions.
MARTIN SIELE1 Mins read
![Data Commissioner Immaculate Kassait urged various entities to register with the ODPC to ensure compliance with data laws. [Photo/ ODPC]](https://businesstoday.co.ke/wp-content/uploads/2022/09/IMMACULATE-KASSAIT.jpg)
Businesses Rushing to Register as Data Controllers, Processors
“I urge all data controllers and processors to get registered in compliance with the regulations which seek to protect the right of individuals...
MARTIN SIELE2 Mins read
