economy

economy

KRA PIN Fraud Risk With New eTIMS Tax Rules

KRA PIN Fraud Risk With New eTIMS Tax Rules

Africa-Press - Kenya. Kenyans have been warned against sharing their KRA PINs unnecessarily, following a rise in fraudulent expense claims ahead of...
Kenya Pursues Free Trade Agreement With India to Boost Exits

Kenya Pursues Free Trade Agreement With India to Boost Exits

What You Need to Know Kenya is negotiating a free trade agreement with India to address a significant trade imbalance and enhance exports. Prime Cabinet...
Kenyan Shilling Strengthens Slightly Amid Inflation Concerns

Kenyan Shilling Strengthens Slightly Amid Inflation Concerns

What You Need to Know The Kenyan shilling has strengthened marginally against the U.S. dollar, trading at 129.53. The Central Bank of Kenya warns that...
Ruto Launches Reconstruction of Voi-Mwatate-Taveta Railway

Ruto Launches Reconstruction of Voi-Mwatate-Taveta Railway

What You Need to Know President William Ruto has launched the reconstruction of the Voi–Mwatate–Taveta railway line, which has been inactive for nearly two decades....
China to Remove Customs Duties on Imports from Africa

China to Remove Customs Duties on Imports from Africa

What You Need to Know China has announced the elimination of all customs duties on imports from 53 African countries, effective May 1, 2024. This...
Tanzania and Kenya Strengthen Economic Ties and Trade

Tanzania and Kenya Strengthen Economic Ties and Trade

What You Need to Know Tanzania and Kenya have committed to enhancing economic cooperation by removing business barriers and boosting trade. High-level consultations between the...
Athi Water Agency Faces Sh1.2 Billion Revenue Loss Annually

Athi Water Agency Faces Sh1.2 Billion Revenue Loss Annually

What You Need to Know The Athi Water Works Development Agency is losing Sh1.2 billion annually due to inefficiencies in revenue collection, with only 44%...
Kenyan Firms Urged to Embrace Mechanisation for China Deal

Kenyan Firms Urged to Embrace Mechanisation for China Deal

What You Need to Know Kenyan businesses are urged to adopt mechanisation ahead of a zero-tariff export deal with China, effective May 1, 2026. Industry...
Court Approves Asahi's Takeover of EABL After Legal Battle

Court Approves Asahi’s Takeover of EABL After Legal Battle

What You Need to Know The High Court in Kenya has approved the takeover of East African Breweries Limited (EABL) by Japan's Asahi Group Holdings,...
Kenyan Telcos Lose Sh354 Million in Messaging Revenue

Kenyan Telcos Lose Sh354 Million in Messaging Revenue

Africa-Press - Kenya. Kenya’s telecommunications firms are facing a quiet but potentially costly disruption as SMS once a core revenue stream, continues...