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In a fervent appeal to taxpayers and business owners across Kenya, the Kenya Revenue Authority (KRA) has sounded the alarm on the rapidly approaching June 30 deadline for filing annual tax returns. The tax agency’s recent public notice has underscored the dual importance of meeting legal obligations and safeguarding business premises from enforced shutdowns, marking […]

In a policy stance that underscores fiscal prudence and a commitment to sustainable economic management, government spokesperson Isaac Mwaura announced on Monday that Kenya is set to prioritise strengthening revenue collection measures rather than introducing new taxes in the forthcoming Finance Bill for 2025. This approach comes amid ongoing debates on how best to finance […]

In a forceful move intended to safeguard farmers’ incomes and ensure a level playing field in the agricultural sector, Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has issued a stern ultimatum to miraa traders and exporters. Speaking at a high-profile Farmers’ Day event in Meru, Kagwe warned that those failing to comply with the […]

The European Union (EU) Delegation to Kenya has unveiled plans for the second edition of the EU-Kenya Business Forum, scheduled to take place in Nairobi on May 12 and 13, 2025. This high-profile event comes as part of the EU’s Global Gateway strategy and builds on ongoing connectivity projects in Kenya. By bringing together policymakers, […]

In a bold stride toward a sustainable future, Kenya and Israel have signed a five-year Memorandum of Understanding (MoU) to collaborate on renewable energy development. The groundbreaking deal, inked by Energy and Petroleum Cabinet Secretary Opiyo Wandayi and Israel Ambassador to Kenya Michael Lotem, sets the stage for a strategic partnership aimed at enhancing human […]

The Central Bank of Kenya (CBK), in a bid to rejuvenate lending activities and bolster economic momentum amid subdued credit growth, has reduced its benchmark lending rate by 75 basis points, bringing it down to 10.00 percent. The decision, delivered during Monday’s Monetary Policy Committee (MPC) meeting, comes amid a backdrop of easing inflation, a […]

In a move that promises to transform Kenya’s entrepreneurial landscape, NCBA Group has renewed its strategic partnership with the African Guarantee Fund (AGF) by enhancing its credit guarantee facility to KES 3 billion for a period of 10 years. This renewed pact is designed to empower small and medium enterprises (SMEs), with a special focus […]

Kenya is at a critical crossroads, struggling under the weight of unsustainable debt and rising fiscal pressures. National Treasury Cabinet Secretary John Mbadi recently delivered a stark assessment of the nation’s economic plight, warning that imprudent borrowing practices—especially the misuse of short-term loans to finance long-term development projects—have left the country with a debt burden […]

In a dramatic escalation of trade tensions, the United States has imposed a 10 percent reciprocal tariff on Kenyan exports, marking the latest move in President Donald Trump’s aggressive tariff campaign. Announced on April 3, 2025, this new tariff is part of a broader strategy by the Trump administration to recalibrate global trade relations by […]

In a bold move to accelerate national development, President William Ruto has unveiled a Sh1.12 billion power project aimed at connecting over 9,000 households in Laikipia County to electricity. This announcement is part of a broader government drive to expand critical infrastructure across Kenya. During his recent visit to the region, the President not only […]