23 Banks Slash Interest Rates after CBK's Progressive Cuts
Majority of Kenya's commercial banks have slashed interest rates on lending and deposits to a 4-month low, months after the Central Bank of Kenya (CBK) began its ongoing easing policy. [...]
Orders on Uber Eats Surge by 88% as Local Dishes Dominate
A customer spent KSh 119, 000 on one order for alcoholic drinks, while another ordered 280 items from Chandarana Foodplus, via Uber Eats last year, the platform's 2024 Annual Cravings [...]Regional Competition Regulator Probes KQ, Zambia Airways For Flight Delays
The COMESA Competition Commission is investigating whether Kenya Airways (KQ) and Zambia Airways violated aviation regulations by delaying flights and inconveniencing their customers. “The Commission is concerned that Kenya Airways [...]Tax Revenues Rise by 4.5% Despite Economic Slow Down in Q3 2024
The Kenya Revenue Authority (KRA) has reported 4.5% growth in tax revenues to KSh 1.243 trillion as of December last year from KSh 1.189 trillion collected in same period in [...]Northern Rangelands Trust Loses Isiolo Conservancies
Umbrella conservation group The Northern Rangelands Trust (NRT) has been dealt a blow after a court allowed a petition against the establishment of several conservancies on community land in Isiolo [...]African Union Faults Moody’s Kenya Credit Rating
The African Union has faulted Moody’s latest revision of Kenya’s outlook from negative to positive, arguing that the change is an admission that the July 2024 downgrade was premature and [...]Ruto Convenes Emergency EAC Heads of State Meeting to Discuss DRC War
President William Ruto has convened an extra ordinary regional summit on Wednesday this week to discuss the ongoing war in the Democratic Republic of Congo (DRC), which saw the rebel [...]Airtel Money's Market Share Grows, Equitel Overtakes Telkom
Airtel Money’s market share rose slightly from 6.6% in the final quarter of 2023/2024 to 7.6% in three months to September 2024, according to sector statistics from the Communications Authority [...]Nairobi County Revises Budget by Kshs 905m, Allocates Kshs 1.3bn to Pending Bills
Nairobi City County has revised its 2024/5 budget upwards with estimates from the supplementary budget pushing the figure to Ksh 44.7 billion from Ksh 43.6 billion. To finance the revised budget [...]Court Upholds Dismissal of KRA Employee For Abetting Kshs. 118.8mn Tax Evasion
The Employment and Labour Relations Court has thrown out a case against the Kenya Revenue Authority (KRA) by an ex-employee who sued after being fired unfair over a multimillion tax [...]Actis to Exit Java House to Two Africa-Focused PE Firms
Kenyan coffee chain Java House is up for sale by London-based Actis to Alterra Capital and Phatisa Group marking its fourth sale in 12 years. Java House, which was founded [...]Kenya's 5G Footprint Grows By 25%, Broadcast Services Dip
Efforts by major telcos in Kenya to grow their 5G connection footprint are paying off as the number of subscriptions grew from 739,020 in the fourth quarter 2023/2024 to 926,382 [...]
