Prime News Kenya

Current Business News in Kenya: Banking | Economics

Petrol price goes up

Kenyan drivers will start paying more for fuel after the Energy and Petroleum Regulatory Authority increased the price of Super Petrol by Sh0.29 to retail at Sh115.39 per litre for the next one month.

Neglected envoy homes cost Kenya Sh1.9bn

Taxpayers spent Sh1.9 billion in rent for Kenyan diplomats over the nine months to September in top cities like London, Washington and New York who have been forced to rent homes as their State-owned residences fall apart due to neglect.

KRA sets stage for new water tax

The Kenya Revenue Authority (KRA) is preparing to raid drinking water and other beverages from September in an effort to raise an additional Sh3.6 billion from excise tax following the introduction of additional excise stamps.

Uganda police storm Kenya island

Ugandan police officers stormed Kenya’s Sumba Island in Lake Victoria confiscated boat engines and fishing nets from local fishermen.

Starbucks denies Kenya entry plan

US food giant Starbucks has denied reports of its plans to venture into the Kenyan market, offering relief to coffee house chains currently operating in the competitive casual dining segment.

Kenya tops diaspora remittances in East Africa

Kenyans living abroad sent home more money last year than the rest of the East Africa Diaspora combined, World Bank data shows, revealing the difference in the quality of earnings of the different nationalities.