Sugarcane farmers oppose bill shifting lending powers to KADCO
Sugar growers are questioning proposed changes to the laws governing the industry. Farmers warn that shifting lending powers to KADCO could weaken their influence. Industry representatives want the existing Sugar Act implemented before further amendments. Sugarcane farmers in Muhoroni and Chemelil have come out against a proposed law they say would derail current reforms, take…
KRA digital records put undeclared income under scrutiny
KRA is expanding digital checks to identify discrepancies in declared income and financial records. Mobile money transactions, electronic invoices and payroll data are among the records under scrutiny. Taxpayers are urged to maintain accurate records and explain transactions that may trigger compliance checks. The Kenya Revenue Authority (KRA) is intensifying its use of digital financial…
Ruto flies to Moscow to seek new markets for Kenyan exports
Ruto is seeking wider international markets for Kenyan agricultural and manufactured goods. The Moscow visit will target investment in agro-processing, energy and infrastructure. Kenya will also pursue partnerships in technology, agricultural inputs and digital innovation. President William Ruto left for Moscow, Russia, on Tuesday evening to push for wider access to foreign markets for Kenyan…
Cyber fraud lessons Kenya can learn from other countries
Singapore, the UK and Australia offer lessons in tackling rising cyber fraud. Stronger bank coordination and real-time transaction monitoring could help prevent losses. Clearer reimbursement rules and faster responses could strengthen customer protection in Kenya. Kenya’s banks lost approximately Ksh1.59 billion to reported fraud in 2024, yet other countries show that coordinated action can limit…
Banking fraud losses hit Sh1.59bn as threats rise
Kenya’s banking sector is facing mounting pressure as reported fraud losses rise. Mobile and online banking are emerging as key channels exploited by criminals. Regional statistics reveal the scale of financial fraud across East Africa. Kenya’s banking sector lost approximately Ksh1.59 billion to reported fraud in 2024, as increasingly sophisticated cyber threats put pressure on…
Fresh avocadoes for export
Avocado exports hit as AFA orders closure of sea shipments
Sea-based avocado exports will close on October 30 due to low production volumes. AFA has tightened mango inspections and warned exporters against mixing consignments. Exporters and processors risk losing licences for violating the seasonal restrictions. The Agriculture and Food Authority (AFA) has announced the closure of Kenya’s sea-based avocado export season for the 2026/2027 period,…
Deputy President Kithure Kindiki speaks during a past event. PHOTO| courtesy
Kindiki announces free internet and computers in markets
Modern markets are set to incorporate digital facilities targeting young people seeking online work. The planned centres will provide access to computers, internet connectivity and digital skills training. The initiative aims to expand access to technology and promote economic opportunities for youth. Deputy President Kithure Kindiki has announced plans to equip modern markets with computer…
A tea estate.
Tea levy suspended by High Court pending petition hearing
A legal challenge has put a new charge on tea exports under temporary suspension. The dispute centres on concerns over how the levy could affect farmers and other industry players. The court is set to issue further directions as the petition moves to the next stage. A 0.8 per cent levy on tea exports has…
Maersk raises China shipping surcharges for Kenyan importers
Importers are preparing for revised shipping charges on cargo arriving from key Asian markets. The new rates vary by container size and destination, with different charges for Kenya and Tanzania. Payment terms will depend on booking arrangements and the scheduled departure of vessels. Kenyan importers shipping goods from China and Hong Kong will face higher…
Gov’t housing land worth Sh40m recovered in Kakamega
A public property dispute has reached a turning point following a court-recorded agreement. The land hosts government houses and had been at the centre of a legal challenge over its allocation. The recovery highlights ongoing efforts to protect public assets and restore government land ownership. The Ethics and Anti-Corruption Commission (EACC) has recovered 1.05 acres…
