Category: Economy&Finance
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A section of KRA office. PHOTO/@KRACorporate/X Anyone bringing goods into Kenya will need to provide a Certificate of Origin (COO) starting October 1, 2025. In a notice released by the Kenya Revenue Authority (KRA), this new requirement is set to change how businesses import goods, aiming to boost transparency and tighten compliance with trade laws.…
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Limuru Tea shares have been on a downward slide. Limuru Tea shares were last week’s top price gainers at the Nairobi Securities Exchange (NSE). This is after the Capital Markets Tribunal issued a favourable verdict concerning a report issued by the Capital Markets Authority (CMA) that had faulted composition of the tea firm’s board. Following…
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President William Ruto signs a document at a past event. [Photo/PCS] When President William Ruto assumed office in September 2022, he inherited an economy weighed down by surging inflation, a weakening shilling, high debt and widespread public discontent. Nearly three years later, the question persists: has he stabilised the economy? The answer is both yes…
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International Monetary Fund (IMF) logo An International Monetary Fund (IMF) team led by mission chief Haimanot Teferra will be in Nairobi from September 25 to October 9 to begin talks with Kenyan government officials on a potential new financial programme that could include a lending package and measures to support external debt repayments. In a…
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Coffee growing estates fetched good bargains. Prices at the Nairobi Coffee Exchange (NCE) Weekly Auction increased 3% with overall average price across all grades standing at USS 426.91 per 50kg bag, or $8.5 per kg. This is equivalent to KSh 169 per kg of cherry. At the auction conducted on Tuesday last week, total volumes…
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Standard Chartered Standard Chartered has started collecting data from the 629 former employees awarded a Ksh 7 billion pension payout after the Supreme Court upheld a ruling in their favour. The bank says the process, which began on September 22, 2025, will help verify claims and ensure smooth disbursement in line with the court’s directive.…
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A carrefour outlet in Nairobi Carrefour has rolled out the second edition of its Grand Brand Festival, a two-week nationwide shopping campaign running from September 19 to October 2, 2025. The retailer, which is operated in Kenya by Majid Al Futtaim, said the promotion will give shoppers discounts of up to 50 per cent on…
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Royal Credit Limited chairman Samuel K. Macharia. (Photo: Courtesy) A dramatic boardroom clash at Directline Assurance unfolded Monday as media mogul Samuel Kamau (SK) Macharia stormed the company’s Nairobi headquarters, sacked top executives, and installed his own team—despite a standing High Court order barring him from such actions. The surprise takeover bid has escalated tensions…
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Royal Credit Limited chairman Samuel K. Macharia. (Photo: Courtesy) Directline Assurance is seeking court action against businessman Samuel Kamau (SK) Macharia, accusing him of contempt of court for forcibly removing the company’s board and installing a new management team in blatant defiance of a court order. According to court documents, Mr Macharia allegedly stormed the…
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A section of Keroche Breweries’ Naivasha plant on January 15, 2013. (Photo: Daily Nation) Keroche Breweries has launched a Sh10 billion lawsuit against its former managing director, Sam Shollei, accusing him of causing reputational damage linked to an advertisement of a pending liquidation petition. The dispute stems from a Sh75 million compensation claim by Mr…