World Bank Proposes Reforms to Enhance Kenya’s Revenue
The World Bank has outlined a strategy that could strengthen Kenya's revenue system by addressing inefficiencies, inequities, and distortions in the current tax framework. “These issues significantly limit the country's [...]
MultiChoice Africa Loses Bid to Lower VAT Obligations After Tribunal Ruling
The Tax Appeals Tribunal has dismissed a suit by media company, MultiChoice Africa Holdings BV, in a dispute with the Kenya Revenue Authority (KRA) over its decision to disallow VAT [...]EV Startup ARC Ride Secures US$5mn to Accelerate Electric Boda Rollout
Electric mobility startup ARC Ride has raised US$5 million in new financing to deploy 5,000 electric two-wheelers and expand its battery swapping infrastructure, marking a major step toward sustainable transportation [...]HF Group Delivers Record Q1 Profit
HF Group has delivered a standout performance in the first quarter of 2025, reporting a profit after tax of KSh 327.9 million—its highest Q1 result on record. Additionally, non-interest income [...]
Kenya Cracks Global Top 60 in Startup Rankings, Driven by Nairobi Surge and Policy Shifts
Kenya’s startups ecosystem ranked 58th worldwide in the latest report by Startup Blink, outpacing all other African countries except South Africa, climbing back to second place after holding the third [...]NCPB Releases 200k Bags of Maize to Stabilize Prices
The National Cereals Produce Board (NCPB) has released the first batch of 200,000 bags of maize from the National Strategic Grain Reserve (NSR) to registered millers to help stabilize [...]Absa Bank Posts KSh 6.2Bn Q1 Profit, Revenue Dips 4%
Absa Bank Kenya PLC has reported a KSh 6.2 billion net profit for the first quarter of 2025, marking a 4% year-on-year increase, even as total revenue slipped 4% to [...]Kenyans Lose KSh 234.7Mn as Schengen Visa Rejections Hit 29%
Out of over 60,000 Kenyans who applied for Schengen Visas in 2024, 18,899 faced rejection and lost an estimated KSh 234.7 million in total fees, according to new data from [...]Kenya’s ICT Exports Rise by KSh 135 million in March
Kenya earned KSh 134.95 million more from ICT exports, from KSh 177.5 million in February 2025 to KSh 312 million in March 2025, according to the Kenya National Bureau of [...]Kenya’s Milk Intake Defies Seasons, On Track to Cross 1Bn Litres in 2025
Kenya’s dairy industry has posted a historic Q1 2025, collecting 250.6 million litres of milk intake to formal processors—up 56% year-on-year. Breaking Seasonal Norms and Long-Term Trends From just 270 [...]Seven Female Founders Selected for Mastercard EdTech Fellowship
Seven female founders are among the twelve innovators selected for the third cohort of the Mastercard Foundation EdTech Fellowship. “The solutions of these startups are shaping the future of learning [...]Translocation of 21 Black Rhinos to Cost KSh 14 million
Kenya has started the translocation of 21 critically endangered black rhinos to establish a new breeding population at Segera Conservancy, an exercise estimated to cost the government KSh 14 million. This strategic move [...]
