Harare, October 22, 2026 — President William Ruto has handed over the chairmanship of the […]
Category: Business & Economy
Markets, technology, entrepreneurship, and finance.
President Ruto Unveils Sweeping Tax Exemptions and Agricultural Subsidies
President William Ruto has outlined economic measures covering a proposed PAYE exemption threshold, dairy prices, New KCC payments and mobile device import taxes. The package also includes agricultural subsidies and plans for additional Hustler Fund financing.
Treasury Proposes PAYE Tax Exemption for Workers Earning Below Sh32,800
In a major fiscal policy shift aimed at easing the escalating cost of living for low-income households, National Treasury Cabinet Secretary John Mbadi has announced a new legislative proposal to exempt individuals earning below Sh32,800 monthly from Pay As You…
Regulators Warn Against Rushing Nuclear Power Projects Without Safety Standards
Energy sector regulators and environmental safety watchdogs have issued a stern caution against accelerating Kenya’s nuclear energy development initiatives without thoroughly enforcing international safety benchmarks and localized environmental frameworks. The cautionary remarks come as state agencies push forward with long-term…
Fuel Subsidies Depletion Triggers Transport Costs and Economic Concerns
The depletion of Kenya’s fuel stabilization funds has raised concerns over pump prices, transport fares and freight costs. Operators and businesses warn of wider effects on household budgets as officials discuss longer-term measures to stabilize energy costs.
M-KOPA Revenue Rises 45% to Sh78 Billion in FY2025
M-KOPA reported record FY2025 revenue of roughly $600 million, up 45%, while reaching 10 million customers since inception. The company returned to profit, expanded its sales network and continued growing its smartphone financing and electric mobility businesses across Africa.
Kenyan Shilling Holds Sh128–130 Dollar Range for 27 Months
The Kenyan shilling has held near Sh128–130 to the US dollar for 27 months, easing uncertainty for households and businesses. Stronger inflows and reserves have supported stability, while inflation, external financing pressures and the 2027 election raise questions about its durability.
Kenya Lost Sh19.5 Billion After Moody’s Downgrade, APRM Says
Kenya lost an estimated Sh19.5 billion following Moody’s July 2024 credit downgrade, according to the APRM. The African Union body disputes the timing and context of the decision, linking it to higher borrowing costs and currency depreciation.
Quickmart Opens KSh 15 Billion IPO at KSh 7.50 a Share as NSE Listing Begins
Quickmart has opened its public share offer, giving Kenyans a chance to buy into one of the country’s largest supermarket chains before it lists on the Nairobi Securities Exchange (NSE).
The offer, which opened at 9:00 a.m. on Monday, 5 October 2026, prices 2 billion existing ordinary shares at KSh 7.50 each. That values the retailer at KSh 30 billion and puts the offer size at KSh 15 billion if it is fully taken up. The shares represent half of Quick Mart PLC’s issued capital of 4 billion shares. Trading on the NSE’s Main Investment Market Segment is expected to start on 12 November 2026.
Sarah Kabu Discloses Plan to Sell Bonfire Adventures, Shares How Much They’re Making
Sarah Kabu says Bonfire Adventures is seeking a buyer or investor, describing a recovery after personal upheaval affected its customer base. No completed transaction was announced.