ECONOMY

Kenya is the biggest economy in East Africa and most watched in sub-Saharan Africa, being the regional business hub. BT brings you comprehensive coverage of the various economic sectors.

833 Articles
President-elect William Ruto's swearing in is scheduled for September 13th, 2022. [Photo/ @WilliamsRuto]
BUSINESSECONOMYPOLITICS

9 Things Ruto Promised to Deliver Within 100 Days

Business Today looks at seven key things William Ruto promised for his first 100 days in office.

Ngong' Road (pictured) is among the affected roads. It will be closed at the junction of Ngong Road 1st Avenue (opposite NHIF). [Photo/ Construction Review]
BUSINESSECONOMY

See All The Roads Closed for Supreme Court Ruling in Nairobi

The move is meant to ensure calm is maintained as Kenyans await the highly-anticipated ruling by the Chief Justice Maartha Koome-led court.

Wasoko was valued at $625 million after closing a $125 million Series B round in March 2022. [Photo/ Wasoko]
BUSINESSECONOMYTECHNOLOGY

Wasoko CEO Moves to Zanzibar from Kenya With Developers

Firms including Wasoko under the Silicon Zanzibar program will benefit from Zanzibar Free Economic Zone incentives including exemption from corporate tax for 10...

With third-party agents and platforms out of the picture, all customers will only henceforth be able to either pay their bills or purchase tokens via official Kenya Power payment channels only. [Photo/ Facebook]
BUSINESSECONOMY

Kenya Power Shuts Down Token Agents, Unauthorized Paybills

The notice is set to affect several businesses which had emerged as vendors of prepaid electricity tokens. They include digital companies which Kenya...

Nairobi Governor Johnson Sakaja and his deputy Njoroge Muchiri when they addressed county workers at City Hall on August 29, 2022. [Photo/ @SakajaJohnson]
BUSINESSECONOMY

Blunder or Masterstroke? Sakaja Dumps KRA for ‘Kanjo’ Revenue Collection

KRA took charge of the county's revenue collection soon after the national government through the Nairobi Metropolitan Services (NMS) took over a number...

HELB disburses over Ksh15 billion to over 200,000 beneficiaries annually. [Photo/ HELB]
BUSINESSECONOMY

Expensive HELB Interest, Fines Outlawed – Court Ruling Explained

Justice Mabeya's decision means that Helb will no longer be allowed to charge beneficiaries interest amounts, penalties or fines that exceed the principal...

Equity Group CEO James Mwangi noted that the company was shifting focus to expansion from mitigation of the impact of Covid-19. [Photo/ Equity Bank Kenya]
BUSINESSECONOMYMARKETS

Equity Mints Ksh23.7 Billion Profit in Six Months

The growth was attributed primarily to the significant increase in income. Equity saw its operating income rise 26.4% to hit Ksh65.6 billion for...

Examples of digital loan services are Safaricom's M-Shwari and KCB M-Pesa, as well as loan apps such as Tala (pictured), Branch and Zenka. [Photo/ JITIMU]
BUSINESSECONOMY

Loan Apps in Kenya Fight New 20% Tax

The Digital Finance Services Association of Kenya wants the implementation of the Excise Duty Act as amended by the Finance Act 2022 suspended...

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