NAIROBI, Kenya, May 4 – Isuzu East Africa sold 2,036 vehicles between January and March, maintaining its lead in Kenya’s automotive market. Data from the Kenya Motor Industry Association shows CFAO Mobility followed with 896 units, while Simba Corporation sold 287 and Tata Africa Holdings reco...
NAIROBI, Kenya, May 4 – SBM Bank has announced a Sh246 million profit before tax for the first quarter of 2026, up from Sh12 million in a similar period last year. The lender attributed this to growth in deposits and non-funded income. Customer deposits rose by 23 percent year-on-year to Sh89 ...
KAMPALA, May 4 (Xinhua) — Uganda has deployed a fleet of locally manufactured electric buses in the capital, Kampala, marking a significant step toward cleaner urban transport, officials said. E-Bus Xpress Kiira Ltd., a subsidiary of the state-owned Kiira Motors Corporation, announced in a sta...
Kenya’s forex market is being shaped by a conflict that at first glance seems far away. The Iran war has pushed oil markets back into focus, raised fresh worries about supply routes, and forced many traders to rethink what really moves the Kenyan shilling. What once looked like a mostly global headl...
Kenya’s forex market is being shaped by a conflict that at first glance seems far away. The Iran war has pushed oil markets back into focus, raised fresh worries about supply routes, and forced many traders to rethink what really moves the Kenyan shilling. What once looked like a mostly global headl...
NAIROBI, Kenya, May 4 – Health Cabinet Secretary Aden Duale has backed plans to reopen the Kenya–Somalia border, saying the move will enhance trade and ease movement of people and goods between the two countries. Speaking over the weekend, Duale noted that cross-border activity has continued i...
NAIROBI, Kenya, May 4 – Health Cabinet Secretary Aden Duale has backed plans to reopen the Kenya–Somalia border, saying the move will enhance trade and ease movement of people and goods between the two countries. Speaking over the weekend, Duale noted that cross-border activity has continued i...
NAIROBI, Kenya, May 4 – TotalEnergies Marketing Kenya profit after tax jumped 45.9 percent to Sh2.17 billion in the year ended December 2025, supported by stronger margins and a sharp reduction in finance costs despite a contraction in top-line performance. The oil marketer’s profitability cam...
NAIROBI, Kenya, May 4 – TotalEnergies Marketing Kenya profit after tax jumped 45.9 percent to Sh2.17 billion in the year ended December 2025, supported by stronger margins and a sharp reduction in finance costs despite a contraction in top-line performance. The oil marketer’s profitability cam...
NAIROBI, Kenya, May 4 – Social media has become the leading source of news for Kenyans, overtaking television and radio, according to new data from the Media Council of Kenya. The report shows 39 percent of news consumption now comes from platforms such as Facebook, X and TikTok, up from 37 pe...
MAY 4 – The family behind the South Korean corporate giant Samsung has completed its payment of a 12 trillion won (£6bn; $8bn) inheritance tax bill, the largest such settlement in the country’s history. Chairman Lee Jae-yong and other members of the family, including his mother Hong Ra-h...
MAY 4 – The family behind the South Korean corporate giant Samsung has completed its payment of a 12 trillion won (£6bn; $8bn) inheritance tax bill, the largest such settlement in the country’s history. Chairman Lee Jae-yong and other members of the family, including his mother Hong Ra-h...
NAIROBI, Kenya, May 4 – Centum Real Estate has partnered with KCB Bank to offer homebuyers fixed-rate mortgage loans at 8.9 percent for up to 25 years. The deal will allow buyers of Centum housing units to access predictable monthly repayments, shielding them from interest rate fluctuations ov...
NAIROBI, Kenya, May 4 – Centum Real Estate has partnered with KCB Bank to offer homebuyers fixed-rate mortgage loans at 8.9 percent for up to 25 years. The deal will allow buyers of Centum housing units to access predictable monthly repayments, shielding them from interest rate fluctuations ov...
MAY 3 – Tesla has valued its compensation for billionaire boss Elon Musk at a whopping $158bn (£117bn) in 2025 – according to regulatory filings submitted on Thursday – but also disclosed he will not be getting any of it. Musk’s compensation reflects the firm’s estimate...
NAIROBI, Kenya, May 3 – Kenya’s banking sector is under increasing pressure to address hidden fees and unfair practices after the Competition Authority of Kenya (CAK) flagged a growing gap between customer satisfaction and trust. CAK Director-General David Kemei said although 84.6 percent of c...
NAIROBI, Kenya, May 2 – Central Organization of Trade Union (COTU) Secretary General Francis Atwoli has clarified that the recently announced 12 percent wage increase is a broad-based salary adjustment affecting workers across the economy, and not merely a revision of the statutory minimum wag...
NAIROBI, May 2 (Xinhua) — Kenya on Friday welcomed a landmark trade agreement with China that provides zero-tariff access for African nations with diplomatic ties. Lee Kinyanjui, cabinet secretary in the Ministry of Investments, Trade and Industry, noted that the deal, which took effect on Fri...
MAY 2 – Spirit Airlines is shutting down as a business after failing to secure a $500m (£368m) bailout from the Trump administration. The budget airline was in talks with the US government about a rescue deal which would have saved it from collapse. But discussions collapsed and the carrier sa...
NAIROBI, Kenya, May 2 – The Kenya Revenue Authority (KRA) has invited public comments on proposed residential rental income tax regulations aimed at tightening compliance among landlords. The draft Income Tax (Residential Rental Income Tax) Regulations, 2026, seek to replace the 2016 framework...
NAIROBI, Kenya May 1 – President William Ruto has announced a reduction in the deposit required for affordable housing units. The President says salaried workers will now pay 5 percent of the unit’s value, down from the previous 10 percent. He has also called on the Central Organisation of Trade Uni...
By Byron Mutali NAIROBI, Kenya, May 1 – More than 2,000 delegates from over 50 countries have convened this past week at the United Nations Office at Nairobi for the World Health Summit Regional Meeting. The gathering sought to reimagine African health systems and advance integrated, inclusive...
ELDORET, Kenya, Apr 30 – The High Court in Eldoret has dismissed a case filed by Green Planet Initiative 2050 Foundation against Earthbanc AB over a contractual dispute linked to the Regeneration Kenya Project. The court ruled in favour of Earthbanc and its subsidiary Earthtree Company Limited...
NAIROBI, Kenya, Apr 30 – Safaricom has increased Home Fibre internet speeds by up to 2.5 times across all packages at no extra cost to customers. The upgrade raises entry-level speeds to about 15 Mbps, mid-tier plans to 35 Mbps and 80 Mbps, while higher packages now reach up to 400 Mbps, targe...
