Business

The banks argue that after interest rate caps were introduced on interbank lending, the use of this rate as a base would be more responsive to market conditions.

The IMCTC urges governments and security agencies to take immediate action to counter these growing threats, calling for stronger tools, better financial regulations, and increased cross-border cooperation.

The app is designed to simplify the content creation process for everyday users and creators. With Edits, users can trim clips, add text, apply filters, insert music, and polish their videos easily.

He added that Kenya hopes the agreement will be extended to ensure the continuation of a strong bilateral relationship, noting the urgent need to finalise the process.

Spearheaded by the Kenya Association of Manufacturers (KAM) in partnership with the Ministry of Investments, Trade and Industry, the strategy seeks to address the barriers currently hindering Kenya’s export growth.

This will enable real-time translations without the need for an internet connection, while also keeping chats private and secure, as users will no longer need to rely on external applications or websites for translation.

This is a sharp rise from the current threshold of 5,000 cylinders and is expected to shake up the liquefied petroleum gas (LPG) industry by locking out unlicensed dealers, middlemen, and illegal refillers who have taken advantage of weak regulation.

The Index by the economic think-tank The Heritage Foundation ranks Rwanda second in the bloc, with an economic freedom score of 54.8, behind Tanzania, which leads with a 59.3 score.

The continued rise in both production and consumption points to increased economic activity, particularly in the manufacturing sector and among large commercial consumers. The trend is expected to boost Kenya Power’s revenue from electricity sales.

Suno AI is a groundbreaking platform that empowers users to craft original songs by simply entering text prompts.

The proposal comes amid a growing trend of businesses prominently displaying signs that read, “we are cashless” or “we only accept cards,” effectively shutting out cash-paying customers.

In real figure terms, the 14 per cent gain during the quarter means importers in the country were spending Sh14 less to buy a dollar for importation compared to the corresponding period last year.

The Registrar of companies has earmarked a further 101 companies for closure in the coming 3 months unless a valid reason is given to prevent the dissolution.

The report comes amidst escalating cyber threats in Kenya, where 1.5 billion threats were detected in the last six months alone.

The funding initiative aims to enhance food security and sustainability for the country’s growing population amid increasing threats posed by climate change, environmental degradation and long-standing systemic inequalities.

The Kenya Power and Lighting Company (KPLC) will also be able to procure more transformers within its existing budget, thereby ensuring a consistent power supply while reducing the frequency and impact of outages.

CA said the infrastructure requirement was introduced to make sure telecom companies expand their networks to rural and low-income areas that had been ignored in favour of more profitable urban zones.

With illegal operations spreading across multiple regions, the CA is intensifying efforts to secure the internet market and ensure that users are served by providers who meet the required legal and quality benchmarks.

The cash goes straight to the roads board, which conducts maintenance of roads on behalf of the government. Ruto's government has also turned to China to secure more funds for a major highway expansion project.

Speaker Moses Wetang’ula granted the request, allowing the Finance and National Planning Committee more time to examine whether the exemptions on capital goods were proportional to the investments made by the firms.

The lender also said the launch reinforces its commitment to providing accessible Shariah-compliant financial solutions in the country.

Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital threshold of Sh10 billion.

In a statement issued on Wednesday, Oparanya said the experts would be responsible for reviewing the legislation and proposing amendments to enhance the SACCO sector’s resilience.

The group argues that the Budget Policy Statement (BPS) dated February 12, 2025, lacks transparency and fails to demonstrate good faith regarding how and when the government plans to clear the outstanding obligations.

Taxpayers who do not owe principal taxes but have penalties or interest will automatically have these amounts waived without needing to submit an application.

Holding onto a phone that has been left behind by software updates can feel like trying to run a matatu on a footpath; you are no longer on the same road as everyone else.

The move means any phone with less than 32GB of internal storage will no longer qualify for Google Mobile Services (GMS), the proprietary bundle of apps that powers most Android experiences.

Kenyan SMEs were urged to brace for impact and rethink strategy amid the prevailing tariff wars.

The vessel, named KRA 009, was officially commissioned in Mombasa, signalling a firm move to enhance surveillance across Kenya’s waters.

Super Petrol, Diesel and Kerosene will now retail at Sh174.63, Sh164.86 and Sh148.99 per litre in Nairobi, respectively.

This is an improvement from the Sh162.3 billion recorded during a similar period in 2023, underlining the sector’s ability to withstand economic pressure that has affected other industries.

Gathungu noted that the company failed to provide clear records of payment recipients, casting doubt on the legitimacy of the disbursements.

Many modified APKs contain embedded ads that generate income every time a user interacts with the app.

The Authority said a joint technical team comprising its officials and players in the motor vehicle industry is currently reviewing the Current Retail Selling Price (CRSP), last updated in 2019.

The legislation, which came into effect on December 27, 2024, lacked a transitional clause to shield businesses that had already been granted the exemptions, exposing them to potential demands for repayment of the tax reliefs.

Although Apple’s smartwatch lineup has long been designed to work exclusively with iPhones, users have discovered workarounds to pair the device with Android phones, making it a more versatile option for tech-savvy consumers who prefer Android devices.

Currently, the feature is being rolled out gradually to select users in the US who are part of the YouTube Partner Programme while a global expansion is expected as the platform refines the tool based on user feedback.

The findings by the International Energy Agency suggest the twin trends will eclipse the traditional focus on universal electrification as the primary catalyst for energy consumption growth.

The Electronic Rental Income Tax System (eRITS), unveiled on Thursday, is now live on the Gava Connect platform and is tailored to help property owners meet their tax responsibilities more efficiently.

These updates cover a wide range of tools, from smarter group chats to streamlined event planning and smoother video calls, making the platform even more dynamic and user-friendly.

Despite the positive growth and outlook, Afreximbank says Africa's trade landscape remains vulnerable to global price volatility and external shocks, underscoring the need to accelerate industrialization, value-added production, and economic diversification.

The E-GP system, launched on Monday, is designed to automate and streamline public procurement processes. It enables government agencies to handle procurement activities electronically, thereby improving transparency, efficiency, and accountability.

The new AI builder aims to streamline the process for beginners and help WordPress.com remain competitive in the ever-growing market of website builders.

The 10 per cent tariff, announced by US President Donald Trump, applies to all goods exported from Kenya to the United States.

The CBK is determined to ensure that the reductions in the central bank rate benefit the broader economy, particularly in the private sector.

Kamau says he has been writing to KQ chairman Michael Joseph, demanding an explanation on the issue, without getting any responses.

With Wachira’s leadership, Fulgo Mobile hopes to establish itself as a key player in Kenya’s growing mobile market, offering accessible, high-quality technology to a broad audience.

The quickest way to check your Safaricom number is by using a USSD code.

Non-revenue water, mainly due to illegal connections and system leakages, has raised concern over the management of the water companies.

Older devices, particularly those with outdated processors, insufficient RAM, or limited hardware capabilities, may not be able to handle the new features or improvements introduced by Android 15.

Dubbed ‘MoreMilk2’, the programme initially covers the counties of Uasin Gishu, Nakuru and Nyandarua and is being implemented in collaboration with the International Livestock Research Institute

The slash is a 75 basis points cut and the fifth consecutive one from the decade high rate of 13 percent.

The customers, comprising households and MSMEs, will be spread across 45 counties, except Nairobi and Mombasa.

The system will monitor products from farm to market, ensuring compliance with global standards and improving Kenya’s reputation in international markets.

Over 85 per cent of the transformers will be used to connect customers who have already paid for services, while the remaining units will replace those that have been vandalised, leaving customers without power.

In new submissions to Parliament, the Treasury now expects to collect Sh2.54 trillion in ordinary revenue for the financial year ending June 2025—down from the Sh2.58 trillion projection in the second supplementary budget.

The imposition of the excise duty has resulted in a significant increase in the cost of transformers, further raising the price of power and its connectivity.

While AI tools have been slowly integrated into classrooms and educational platforms for years, the introduction of a child-friendly version for home use could change the landscape of how students engage with learning at an individual level.

Apple is known for its high-quality, minimalistic packaging, so if the box looks poorly made, with misspelled words or flimsy material, it is a red flag.

Data from the office of the United States trade representative shows that the US total goods trade with Kenya stood at $1.5 billion (Sh193.9 billion) in 2024.

CBK says the models will play a key role in unlocking sustainable finance and stimulate the allocation of capital to support a climate-resilient economy.

The update is available as a developer beta, and compatible devices that have already received iOS 18.4, including the iPhone 13 series and later, iPhone SE (2nd generation and later), and various iPad models, are eligible to install the iOS 18.5 beta.

The platform is designed to offer enhanced tools, insights, and opportunities for musicians, visual artists, and creators of all kinds from all over the world.

By leveraging Grok, users on X can enhance their interactions with followers, providing faster responses while maintaining personalised engagement.

The Stanbic Bank Kenya Purchasing Managers' Index (PMI), which gauges the level of private sector activities, rose to 51.7 from 50.6 in February.

The move aims to stabilise ‘unga’ prices while easing pressure on the limited maize grain stocks in the country.

Saudi Aramco, Emirates National Oil and Abu Dhabi National Oil will continue to supply gasoline, diesel, kerosene and jet fuel to the East African nation under a 180-day credit plan.

Though Google’s search history can be deleted, it is important to note that certain data, such as location history and YouTube activity, are separate and require their own management.

According to Mbuno, once fully operational, the digital hubs are expected to drive the growth of the digital economy and improve access to government services, many of which are now available online.

Kenya was placed on the Financial Action Task Force’s (FATF) grey list in February last year due to weaknesses in combating money laundering, terrorism financing, and illicit arms trade.

Packed with cutting-edge technology, both phones offer incredible features that will surely pique the interest of tech enthusiasts and casual users alike.

Since May 2000, Kenya has been exempted from tariffs when exporting to the world's largest economy under the African Growth and Opportunity Act which expires this September.

Chatbots and virtual assistants are filling the emotional and advisory gaps that were once the domain of human connections, raising the question of whether AI is becoming the best friend of the digital age.

According to CBK, this was made possible by strong investor interest in long-term government bonds and a well-supplied money market.

Airtel Kenya subscribers accounted for the highest call durations, speaking nearly twice as long as Safaricom users.

KPC had planned to construct the LPG storage facility at KPRL’s Changamwe site, a move that was expected to lower cooking gas prices by enabling large-scale imports.

The record marks the fifth consecutive month of rising inflation since October last year.

Kenya is following the global trend with a sharp increase in electric vehicle and motorcycle adoption.

Kenya, which is struggling with a heavy debt load and the accompanying high debt service costs, caught investor attention last month when it ditched the final review of its programme with the International Monetary Fund, sending its dollar bonds lower.

Besides the Power Purchase Agreements, Kenya charges four taxes in addition to a forex charge, fuel surcharge and consumption charge, further driving up the prices.

Despite the decline in passengers, the fare hikes resulted in a significant revenue boost, with total earnings rising to Sh4.09 billion, an increase of 39 per cent from the Sh2.93 billion recorded in 2023.

The March edition of food security update by the World Bank shows a drop in the agricultural, cereal and export price indices by 8, 4 and 11 percent, respectively

With the trend largely attributed to manufacturers and suppliers, these fluctuations may reflect the challenges faced by the industrial sector in the country.

Dewji, commonly known as Mo, is now worth $2.2 billion (Sh284.9 billion), making him the richest person in East Africa and the only billionaire from the region to feature on the prestigious list.

Consider introducing a mesh Wi-Fi system in your home or office. Unlike traditional Wi-Fi extenders, which create separate networks and require manual switching, mesh systems work together as a single, unified network, automatically connecting devices to the strongest signal.​

The board emphasized that those who meet the legal requirements are issued a Registration Certificate and an Annual Practising Certificate, which must be renewed every year.

KAM says the country’s business environment is rallying behind its aforementioned neighbours in critical industry aspects such as the cost of production.

The highest energy imports were recorded in November at 134.18 GWh, while the lowest occurred in July at 106.11 GWh.