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Sh1bn tourism levy collection shortfall on delayed Airbnb tax

Nairobi, Sept. 17 -- Tourism levy collections fell Sh1 billion short of target in the year to June after regulations to bring Airbnb rentals, homestays and villas into the tax system failed to take ef... Read More


Domestic tourism misses target as high cost of living bites

Nairobi, Sept. 16 -- Kenyans cut back on travel as the rising cost of living squeezed household budgets, leaving domestic tourism below target even as the overall sector earnings, including internatio... Read More


Somaliland fibre route tests Kenya's regional digital edge

Nairobi, Sept. 15 -- Somaliland is positioning the port city of Berbera as an alternative digital gateway for landlocked Ethiopia and South Sudan, creating another internet connectivity corridor in Ea... Read More


Hustler Fund taps bank, Sacco data for bigger loans

Nairobi, Sept. 14 -- President William Ruto administration plans to use borrowing and repayment behaviour records to determine who qualifies for higher Hustler Fund limits, a move aimed at converting ... Read More


Bank loans for cars, electronics surpass credit for homes, offices

Nairobi, Sept. 14 -- Bank lending for cars, appliances, electronics, furniture and other consumer durables has overtaken property financing, marking a shift in borrowing patterns as lenders become mor... Read More


Treasury cashes in on a bigger pool of idle State cash

Nairobi, Sept. 13 -- A growing pool of public funds invested in interest-earning government securities is boosting the Treasury, even as it targets a total of Sh987.4 billion from the domestic market ... Read More


Strait of Hormuz troubles put Kenya on fresh price alert

Nairobi, Sept. 13 -- Kenya faces fresh pressure on fuel prices, transport costs and industrial supplies after shipping traffic through the Strait of Hormuz fell to single digits, raising fears of deep... Read More


Kenya factories, farms hit by standards hurdles in Africa

Nairobi, Sept. 10 -- Fragmented product standards, testing and certification are impeding a push by Kenya's factories and farms to expand exports under the African Continental Free Trade Area (AfCFTA)... Read More


US offers Kenya factories in proposed Sh8trn minerals deal

Nairobi, Sept. 9 -- The United States has pledged to help Kenya build factories and other industries around its rare earth and niobium deposits at the Coast, opening a potential new source of investme... Read More


State seeks extra Sh650m to fill hole in Uhuru-era fund

Nairobi, Sept. 8 -- The government is seeking an extra Sh650 million from the Treasury in the next budget for the former President Uhuru Kenyatta-era Uwezo Fund, citing increased demand for its loans ... Read More