(NAIROBI, KENYA) – Wheat millers have warned of possible price increases for flour, bread, chapatis and other wheat products. The warning follows delays by the government in approving imports to bridge a looming supply shortfall. The Cereal Millers Association said there are delays in the release of a critical governmentContinue 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) – British American Tobacco Kenya has asked the High Court to strike out a KES 4.5 billion claim over its VELO nicotine pouches. The company says the petitioner bypassed remedies provided under tobacco control law. The claim is equal to about $27.8 million or £21.9 million. The companyContinue 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
(NAIROBI, KENYA) – The High Court has ordered the government to file a status report on the importation of 490,000 tonnes of duty free rice authorised under a Gazette Notice published last month. The court directed the government to file the report within 30 days. The report must detail theContinue Reading
(NAIROBI, KENYA) – Kenya’s Trade Ministry has promised to help exporters recover tariffs paid during the four month lapse of the United States African Growth and Opportunity Act trade pact. The move opens the door to a potential cash boost for manufacturers and agricultural exporters hit by higher duties. TheContinue Reading
(NAIROBI, KENYA) – Kenya’s budget deficit is expected to widen by KES 143 billion to KES 1.288 trillion. The increase is driven by higher interest payments on domestic debt and possible tax cuts ahead of the 2027 general elections. The deficit figure is equal to about $8 billion or £6.3Continue Reading
(NAIROBI, KENYA) – Jumia’s sales in Kenya reached a record KES 6.4 billion in the three months to June 2026. The figure is equal to about 49.7 million US dollars or 39.1 million British pounds. Strong demand for fashion and beauty items offset a fall in smartphone sales caused byContinue Reading
(NAIROBI, KENYA) – The Tax Appeals Tribunal has cancelled a KES 780 million tax bill against Bboxx Capital Kenya. The tribunal ruled that the Kenya Revenue Authority failed to prove how it arrived at the disputed tax assessment. The amount is equal to about 4.8 million US dollars or 3.8Continue Reading
(DAR ES SALAAM, TANZANIA) – Nigerian billionaire Aliko Dangote chose Kenya over Tanzania for a planned refinery in Lamu, a decision that has not pleased Tanzanian officials. The choice comes as Kenya and Tanzania compete to become the main logistics hub for East Africa, supported by projects such as theContinue Reading
