Nairobi Named Among Africa's Five Cities to Watch in $38bn Outlook

(NAIROBI, KENYA) – Kenya has overtaken Ethiopia to become East Africa’s largest economy, ending five years of Ethiopian dominance after a sharp devaluation of the birr reduced Ethiopia’s gross domestic product in dollar terms. Kenya’s GDP rose 13.7% to $135.92 billion (KES 17.57 trillion) in 2025, while Ethiopia’s fell 40%Continue Reading

UK Rules Out Travel Restrictions on Kenya Over Ebola - PHOTO - ABR

(MOMBASA, KENYA) – The United Kingdom has ruled out imposing travel restrictions on Kenya over the imported case of Bundibugyo Ebola virus disease, offering reassurance to the tourism industry. British High Commissioner Matt Baugh said Kenya had demonstrated strong preparedness through isolation facilities, contact tracing and measures to manage suspectedContinue Reading

KRA Staff Implicated in KES 42 Billion ($323 Million) VAT Fraud

(NAIROBI, KENYA) – Kenya’s tax authority has uncovered a value added tax fraud involving fictitious electronic invoices worth about KES 42 billion ($323 million / £247 million) over five years, exposing the exchequer to about KES 4 billion ($30.8 million / £23.5 million) in fake claims. Forensic investigators said threeContinue Reading

Petrol, Diesel Prices Jump as Kenya Withdraws Subsidy

(NAIROBI, KENYA) – Kenya has withdrawn its fuel subsidy for the first time since August 2025, pushing pump prices to their highest level in years. The Energy and Petroleum Regulatory Authority announced the decision on Wednesday evening. Petrol and diesel prices rose by KES 12.93 and KES 9.90 per litreContinue Reading

Court Clears Path for Ketraco Liquidation Over KES 10 Billion ($77 Million) Debt

(NAIROBI, KENYA) – Kenya’s High Court has cleared the way for a Spanish firm to pursue the liquidation of Kenya Electricity Transmission Company (Ketraco) over an unpaid award now valued at KES 10 billion ($77.1 million / £58.8 million). The court dismissed Ketraco’s preliminary objection, ruling that state ownership doesContinue Reading

Krystaline Salt Company Ltd, Ken Salt Company Ltd, Malindi Salt Works and Kurawa Industries

(KILIFI, KENYA) – Four salt producers have won a court case against a KES 200 ($1.50 / £1.20) per tonne levy imposed by the Kilifi County government. The High Court declared the charge unconstitutional and ordered a stop to collections. The judge ruled that the charge under the Kilifi CountyContinue Reading

Kenya's Debt Squeeze to Worsen in 2027

(NAIROBI, KENYA) – Kenya will spend nearly four out of every five shillings of ordinary revenue on debt repayments in the financial year ending June 2027, according to the National Treasury. Total debt service is projected at KES 2.30 trillion ($17.8 billion / £13.6 billion), equal to 79.8% of ordinaryContinue Reading

I&M Bank Wins $5.5m Tax Fight Against KRA

(NAIROBI, KENYA) – I&M Bank has won a KES 713 million ($5.5 million / £4.2 million) tax dispute after the Tax Appeals Tribunal ruled that the Kenya Revenue Authority wrongly taxed a reversal of loan-loss provisions as bad debts written off in 2019. The tribunal found that KRA misclassified aContinue Reading