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This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

KCB Shareholders Nod To Acquisition Of DRC Lender Trust Merchant Bank...

KCB Group Plc shareholders have approved the proposed acquisition of the DRC-based lender Trust Merchant Bank SA (TMB).  In August 2022, KCB Group Plc entered...

Kenyan Businesses Slam KRA in Heated Public Participation Event

KRA Head of Public Policy, Maurice Oray, was however quick to remind attendees of the need to ensure taxes are paid: "All views will be taken into account but even if taxes were increased last year, they will need to be increased this year too because the government must be funded."

Ministry of Trade Seeks Ksh900M From Development Partners To Unlock Kenya’s...

The Ministry of Industrialization, Enterprise and Trade is seeking Ksh978 million from the Korea Trade Investment Promotion Agency (KOTRA) and the exchequer to facilitate...

Keg Price Hike Sends Drinkers to Illicit Brews

The association was speaking during an engagement involving various multi-sectoral stakeholders and taxpayers and the Kenya Revenue Authority (KRA), which has come under pressure for what many consider to be punitive taxation measures.

Subsidized Fertilizer: Where to Buy, Full Price List and More Details

The subsidized fertilizer will be available from September 19th at National Cereals and Produce Board (NCPB) depots and sub-depots countrywide. Individual farmers will be able to access a maximum of 100 50kg bags at the subsidized prices.

KCB Pumps Ksh120 Billion To Support Oil Marketing Firms In Petroleum...

KCB Bank Kenya has injected over Ksh120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to...

Bottom Up? Wetangula Wants MPs’ Car Grants, Allowances Restored

The Lynn Mengich-led SRC in July eliminated sitting and mileage allowances for Members of Parliament. The SRC also scrapped all state officers’ car grants as part of the review. The body, mandated to ensure that Kenya's total public compensation bill is fiscally sustainable, noted that the move would save Kenyans over Ksh1 billion a year in plenary sitting allowances alone.

Rent-to-Own: Revisiting Ruto’s Mega Housing Plan

“We will partner with home developers so that they construct houses which are cost-friendly for the youth. That way the tenant who pays rent between Ksh5,000 and Ksh10,000, the money will be converted to a mortgage.”

Ksh500B Pending Bills: How Ruto Plans to Pay Struggling Businesses

Digging into the Kenya Kwanza manifesto as well as pronouncements by Ruto and his top economic advisers offers some insight into the options being explored by the new administration to tackle the pending bills.

IBM Announced as COP27 Technology Partner

“IBM is honored to be technology partner in this year’s historic COP conference and to help address the existential challenge of climate change,” said IBM’s Chairman and CEO Arvind Krishna.