In a surprising move, the Energy and Petroleum Regulatory Authority (EPRA) has announced that fuel prices will remain unchanged for November. This decision comes at a time when global oil markets have been experiencing significant fluctuations, leaving many Kenyans relieved but curious about what it means for the economy and their daily lives. In its…
Mombasa Port, a cornerstone of East Africa’s economy, has recorded a remarkable 14% jump in cargo volumes, reflecting its critical role in regional trade. The Kenya Ports Authority (KPA) reported that this surge underscores the port’s capacity to handle increasing trade demands while strengthening its position as a logistical hub for landlocked countries such as…
Kenya’s Capital Markets Authority (CMA) has approved six new unit trust funds, underscoring its efforts to expand the diversity of investment opportunities in the country. This move is part of a broader strategy to deepen capital markets and encourage greater public participation in financial investments. Overview The newly approved funds include offerings from several prominent…
Kenya’s Parliament is setting its sights on tougher measures for foreign companies aiming to do business within the country. Lawmakers argue that existing standards are too lenient, potentially harming local industries and diminishing growth opportunities for Kenyan businesses. As debate intensifies, policymakers weigh the benefits and potential drawbacks of raising the bar for foreign firms,…
The Kenyan government has revived the 6% Digital Service Tax (DST). This tax, initially suspended, is now back, targeting profits from various online services provided to Kenyan consumers. The decision comes amid efforts by the government to broaden its tax base and capture revenue from digital companies benefiting from local markets without a physical presence….
