Business News
Ruto Orders Crackdown on Foreign Traders, Directs KRA to Restore KSh 2.5m Cargo Benchmark
President William Ruto has ordered an immediate crackdown on foreigners running small shops and hawking in Kenya, with operations to start on Monday. Speaking to…
High Court Dismisses Mediheal Suit, Clearing NCBA to Repossess Equipment
The High Court in Eldoret has dismissed Mediheal Hospital & Fertility Centre Ltd’s case against NCBA Bank, clearing the way for the lender to repossess…
Kenya Airways Acting CEO George Kamal Resigns Days After KSh 16.08bn H1 Loss
Kenya Airways acting Group Managing Director and CEO Capt. George Kamal has resigned. The board announced the decision on 1 September 2026, less than a…
Kenya Milk Shortage: Prices Rise as Formal Milk Supply Falls 5%
Kenyan consumers are feeling a fresh squeeze on milk prices after formal-sector deliveries fell sharply in June. Kenya National Bureau of Statistics data cited by…
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KRA Raises Minimum Customs Benchmark for Consolidated Cargo to KSh 3.2 Million
The Kenya Revenue Authority has raised the minimum customs valuation benchmark for consolidated 40-foot containers from KSh 2.5 million to…
Farmers Choice Loses KRA Tax Appeal Over Sausage Ingredient
Farmers Choice Limited has lost a tax appeal against the Kenya Revenue Authority after the Tax Appeals Tribunal struck out…
SBM Bank Gets Priority to Recover Over Sh1 Billion From Cytonn’s Alma
SBM Bank Kenya has secured legal priority in the ongoing liquidation of Cytonn-linked real estate assets, allowing it to enforce…
KAA Profit Halves to Sh3.8 Billion as JKIA Faces New Debt Crisis
Kenya Airports Authority's profit fell 41 percent to Sh3.8 billion for the year to June 2025, down from Sh6.5 billion…