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Iran Reopens the Strait of Hormuz
Iran has reopened the Strait of Hormuz to all commercial vessels, ending a seven-week disruption that has upended economies and societies across the globe, the country's foreign minister said on Friday.
President Ruto Signs Law Ratifying Fuel VAT Cut for 90 Days
President William Ruto has assented to a law that halves Value Added Tax (VAT) on petroleum products from 16% to 8% to ease pressure on households and businesses.
KEBS Tightens Grip on Import Market in Tender Dispute With Chinese Testing Firm
The ruling, delivered on April 14, 2026, marks the end of a protracted dispute between the Kenya Bureau of Standards (KEBS) and World Standardization, Certification and Testing Group (Shenzhen) Co. Ltd.
Middle East Conflict Could Cut Africa's Economic Growth by 0.2% in 2026- Report
The crisis in the Middle East will shave Africa's projected economic growth by at least 0.2% this year, a joint policy paper by continental and global institutions shows.
LAPTRUST Imara I-REIT Posts Third Straight Loss as Rental Income Drops 39%
LAPTRUST Imara I-REIT recorded a net loss of KSh 280.32Mn for the year ended 31 December 2025, worsening from KSh 204.30Mn in FY2024. Rental income collapsed 39.4% to KSh 290.58Mn while a KSh 540.10Mn fair value markdown on investment property, the third consecutive annual loss of this kind, pushed cumulative property value erosion to KSh 1.29Bn since listing. Total equity fell to KSh 5.95Bn, implying a NAV per unit of KSh 17.20 against the KSh 20 listed price. A final distribution of KSh 0.60 per unit was approved, payable by 30 April 2026.
How Kenya's Elections Hijack Economic Policy Every Five Years
Kenya goes to the polls in August 2027. That is eighteen months away. And like clockwork, the fiscal machinery is already shifting
Kenya's Listed Companies Have 75 days to File Sustainability Readiness Reports
Kenya's NSE-listed companies are required to publish sustainability disclosures aligned with IFRS S1 and S2 from 1 January 2027, under a national roadmap now in its final phase. The NSE and ICPAK have set 30 June 2026 as the deadline for listed issuers to submit readiness assessments and engage independent assurance providers. KCB Group is the only confirmed early adopter among NSE financial institutions. The deadline arrives as listed companies post a record governance score of 78.88% on the CMA's FY 2024/2025 scorecard, though regulators warn the IFRS compliance bar is materially higher than current governance disclosure standards
BPO Giant Samasource to Cut Over 1,000 Jobs After Meta Ends Contract
Samasource Impact Sourcing Inc will lay off 1,108 workers in Kenya after American Social Media Giant, Meta, terminated a major content moderation and data annotation contract
Associated Motors Closes Shop After Losing 60 Year Isuzu Franchise
Family Bank appointed joint receivers over Associated Motors Limited and Sclaters Holdings Limited on 9 April 2026, weeks after Isuzu East Africa terminated its nearly 60-year dealership agreement with Associated Motors. The receiverships cover charged properties in Nairobi and Eldoret secured under charges dated August 2021. Separately, I&M Bank placed Jamii Distributors (E.A) Limited under administration on 1 April 2026. All three appointments were handled by Anant Bhatt LLP of Mombasa.
Why Sameer Africa's KSh 9.19Bn in Properties Sit in Its Books at KSh 933Mn
Sameer Africa Plc is set to complete the sale of 3.75 acres of Mombasa Road land valued at US$7.13 Mn (KSh 919.70 Mn), carried on its books at KSh 15,000, with closure projected in Q2 2026. The proceeds would clear the company's retained earnings deficit of KSh 206.72 Mn and unlock dividends for the first time since FY2014. The deal spotlights a wider valuation gap: Knight Frank values Sameer Africa's investment property portfolio at KSh 9.19 Bn against a book value of KSh 932.79 Mn, implying unrecognized gains of KSh 8.26 Bn. The company holds an estimated 85-acre land bank in Nairobi's Embakasi area. The 3.75 acres being sold is less than 5% of that total.
Global Trade Weathers Tariff Storm as MEA Emerges as Strategic Hub, Citi Report
Citi's 2026 Supply Chain Financing report finds global trade resilient despite US tariffs reaching 16.8%. MEA recorded a 52% rise in shipments from North and East Asia, while China's exports to the region grew 61%. AI adoption in trade finance rose 18 percentage points to 36% of large corporates. Citi also piloted bill of exchange tokenization with PwC and Solana, compressing settlement from days to minutes.