Business

Why Ruto Slashed Fuel VAT From 16% To 8% Despite Revenue Loss

President William Ruto slashed the Value Added Tax (VAT) on petroleum products from 16% to 8% by signing the emergency…

1 month ago

Talanta Bond Investors Set for Sh6.5 Billion Payout as Betting Tax Collections Back Returns

Investors who put money into the Talanta bond used to finance the Raila Odinga International Stadium are set to receive…

1 month ago

Kenya Intensifies AFCON 2027 Preparations as Sports Budget Proposal Rises to Sh32.24 Billion

Kenya is stepping up preparations to host AFCON 2027, with the State Department for Sports seeking parliamentary approval for a…

1 month ago

KRA Collects Sh7.8 Billion from Taxpayers Outside Formal Tax Records

The Kenya Revenue Authority (KRA) says its ongoing push to widen tax compliance is beginning to deliver results after collecting…

1 month ago

Opposition leader Gachagua calls for action to reduce fuel prices

Rigathi Gachagua, the former Deputy President and current leader of the Democracy for Citizens' Party (DCP) and co-leader of the…

1 month ago

Ruto holds crisis talks as fuel prices trigger public outcry

President William Ruto’s administration is scrambling to contain widespread public outrage and nationwide transport paralysis following historic fuel price hikes…

1 month ago

EPRA Lowers Diesel Prices After Appeal by Public Transport Operators

The Energy and Petroleum Regulatory Authority (EPRA) has revised fuel prices for the period between May 19 and June 14,…

1 month ago

Absa Wins Best Retail Bank Award as Digital Banking Growth Accelerates

Absa Bank Kenya PLC has been recognized as the Best Retail Bank in Kenya by the Global Banking and Finance…

1 month ago

Energy ministry elucidates why fuel prices keep escalating amid middle east turbulence

The Ministry of Energy and Petroleum has attributed the continuous escalation of domestic fuel prices to severe geopolitical tensions in…

1 month ago

Safaricom adjusts fuliza limits, customers report high access

Safaricom has enhanced Fuliza credit limits for over one million customers, resulting in record-high access and utilization volumes across Kenya.…

1 month ago