(NAIROBI, KENYA) – Kenya’s High Court has dismissed a lawsuit filed by the Consumer Federation of Kenya (Cofek) seeking refunds from Stanbic Bank for revellers who attended a music festival organised by the lender in Nairobi on 10th June 2023. The consumer lobby group had claimed that hundreds of fansContinue Reading
(NAIROBI, KENYA) – Banks and Safaricom accounted for 80.2 % of all dividends paid by companies listed on the Nairobi Securities Exchange in the last full financial year, confirming their place as the top choice for investors seeking steady income from equities. The 12 listed banks and the telecoms operatorContinue Reading
(NAIROBI, KENYA) – The International Air Transport Association has criticised Kenya for supporting Kenya Airways while imposing charges and policies that raise the cost of air travel and hold back the national carrier’s growth. Kamil Al-Awadhi, IATA’s Regional Vice President for Africa and the Middle East, said Kenya is amongContinue Reading
(NAIROBI, KENYA) – Kenya Airways has restructured its top management, changing reporting lines across several business segments as the national carrier seeks to steady operations amid mounting financial and operational pressure. The changes, which took effect on 7th September 2026, come days after acting chief executive George Kamal resigned forContinue Reading
(NAIROBI, KENYA) – Kenya and the United States are seeking to deepen commercial ties, with a focus on expanding bilateral trade and attracting more private sector investment. Speaking while hosting a US Chamber of Commerce delegation in Nairobi, Foreign Affairs Principal Secretary Korir Sing’oei commended the US Congress for extendingContinue Reading
(NAIROBI, KENYA) – Calls are growing for Kenya to shift part of its tax burden from consumption to wealth, with policy experts and civil society groups pressing for a tax on the country’s richest individuals. The push comes as ordinary households continue to carry a large share of the taxContinue Reading
(NAIROBI, KENYA) – The United States has pledged to support Kenya’s minerals sector through local processing, skills transfer and community investment, as Nairobi pushes for a shift away from raw mineral exports and demands value addition from investors. The commitment comes amid a fresh confrontation with Tata Chemicals over itsContinue Reading
(NAIROBI, KENYA) – Kenya’s electricity market is entering a new phase after large power consumers gained the right to buy directly from independent generators, ending a decades-long arrangement in which Kenya Power acted as the sole gateway between producers and consumers. The Energy (Electricity Market, Bulk Supply and Open Access)Continue Reading
(NAIROBI, KENYA) – Global Brent crude prices have crossed the $100 (KES 12,941) mark for the first time since July 2026, pointing to higher pump prices in Kenya for the new monthly pricing cycle from 15th October. Market data shows that oil prices rose around 1% on Thursday, extending gainsContinue Reading
(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
