(NAIROBI, KENYA) – The Tax Appeals Tribunal has faulted the Kenya Revenue Authority (KRA) for classifying a cake making additive imported by Palsgaard Kenya Ltd without laboratory testing. The Tribunal overturned KRA’s tariff decision, saying the authority could not sustain a different classification after acknowledging that its laboratory could notContinue Reading
(NAIROBI, KENYA) – Six major coffee buyers bought 85% of the coffee traded at the Nairobi Coffee Exchange Sale 36, showing the continued control of a few players in Kenya’s coffee auction market. The auction at Wakulima House generated KES946.98 million ($7.3 million / £5.7 million / €6.6 million) fromContinue Reading
(NAIROBI, KENYA) – Kenya is speeding up completion of the Raila Odinga International Stadium, also known as Talanta Stadium, as preparations intensify for the 2027 Africa Cup of Nations tournament. Youth Affairs, Creative Economy and Sports Cabinet Secretary Salim Mvurya said on Wednesday 19th August that the project has recordedContinue Reading
(NAIROBI, KENYA) – Kenya and Türkiye have agreed to deepen their partnership with a focus on trade, investment, transport links, security and health. The decision came during talks in Nairobi between Kenya’s Prime Cabinet Secretary and Foreign Affairs Cabinet Secretary, Musalia Mudavadi, and a Turkish parliamentary delegation. The discussions aimedContinue Reading
(ZANZIBAR, TANZANIA) – Kizimkazi Mikunguni village has won a modern fishing boat with all its equipment worth more than TZS 29 million after emerging as the winner in a sailing competition held during the Kizimkazi Festival. The boat value is equal to about $11,400 or £9,000. The competition was heldContinue Reading
(ZANZIBAR, TANZANIA) – Zanzibar President Hussein Mwinyi has launched the Aman Residency housing project worth 17 million US dollars in Kizimkazi, South Unguja. The project value is equal to TZS 44.97 billion or £13.4 million. The project was launched on Thursday, 13 August 2026, as part of the Kizimkazi FestivalContinue Reading
(NAIROBI, KENYA) – The value of macadamia produced in Kenya jumped 73 percent to KES 8.6 billion in 2025. The rise was driven by strong prices especially towards the end of the year. The value is equal to about $53.2 million or £41.8 million. Fresh data from the Agriculture andContinue Reading
(NAIROBI, KENYA) – South Africa’s Vodacom has added two directors to Safaricom’s board in a shake-up that reflects its increased ownership of the Kenyan company. The move follows Vodacom’s acquisition of a 15 percent stake from the Kenyan government. Vodacom appointed Mariam Cassim, its chief executive for financial technology, andContinue Reading
(NAIROBI, KENYA) – Sanlam Allianz Holdings Kenya has posted a net profit of KES 124.6 million for the half year ended June. The figure is equal to about $770,000 or £606,000. Earnings nearly quadrupled from the same period last year when the company incurred one off costs linked to businessContinue Reading
(SYDNEY, AUSTRALIA) – Australian shares closed out their worst week since April. Financial stocks dipped and miners fell. The energy sector slipped on Friday but still gained 2.8 percent for the week on the back of strong oil prices. Hopes for a deal to reopen the Strait of Hormuz faded.Continue Reading
