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4 days ago | 
businessdailyafrica.com | Constant Munda
Kenya plans to disclose data on investment flow every quarter to help firms make timely decisions and also guide State incentives to high-potential sectors.
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1 week ago | 
businessdailyafrica.com | Constant Munda
Isuzu has raced ahead of Toyota dealer in the new cars market where unit sales jumped 47.89 percent in the first quarter of the year on renewed demand for trucks and buses. Kenya Motor Industry Association (KMI) data shows local purchases climbed to a new record of 3,298 units from 2,230 units in a similar period a year ago, largely lifted by Isuzu East Africa, whose sales surged by nearly two-thirds.
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1 week ago | 
businessdailyafrica.com | Constant Munda
Lawmakers have voted to remove excise duty on imported transformers and parts, setting the stage for a reduction in connection charges for homes and businesses. The National Assembly this week passed the Excise Duty (Amendment) Bill, 2025, which has dropped the 25 percent duty on imported fully assembled electric transformers and parts. “The removal of excise duty will reduce electricity connection costs for customers.
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1 week ago | 
businessdailyafrica.com | Constant Munda
The Kenya Revenue Authority (KRA) has collected Sh6.9 billion from a tax amnesty window between March 1 and April 16, 2025, pushing its cumulative nettings since January this year to Sh10.9 billion. An estimated one million companies and individuals successfully applied for waiver of accumulated penalties and interest over the six weeks to April 16, 2025 as part of an ongoing tax amnesty programme scheduled to close on June 30, 2025.
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1 week ago | 
businessdailyafrica.com | Constant Munda
The number of locally assembled vehicles dropped by 14.58 percent in 2024—the biggest dip in seven years, reflecting reduced demand amid elevated borrowing costs. Data from the Kenya National Bureau of Statistics showed that local assemblers rolled out 11,555 units in 2024—the lowest number since 2021. In 2023, the assemblers produced 13,527 vehicles.
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1 week ago | 
businessdailyafrica.com | Constant Munda
US President Donald Trumpâs administration has signalled its intention to restart talks for a comprehensive trade agreement with Kenya, insisting a deal will inform negotiations with other African countries as the African Growth and Opportunity Act (Agoa) expires. US Trade Representative Jamieson Greer told Congress last week that a meeting with his Kenyan counterpart, Lee Kinyanjui, took place in Washington at the beginning of the month, laying the ground for the resumption of talks.
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2 weeks ago | 
businessdailyafrica.com | Constant Munda
John Mwendwa left his role as secretary for strategy execution in the Executive Office of the President at the State House after 15 months to become chief executive of Kenya Investment Authority from last January. He previously oversaw formulation and implementation of strategic business reforms aimed improving Kenya’s ‘Ease of Doing Business’ between August 2015 and September 2022, first at Industry and Trade ministry and then East African Community ministry.
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2 weeks ago | 
businessdailyafrica.com | Constant Munda
The Kenya Revenue Authority (KRA) has launched a new online system for landlords to file and pay taxes, making property owners to be among the first set to be included in a bigger centralised platform. Known as Enterprise Integration Platform, Gava Connect, the programming application is designed to enable IT developers to create digital solutions that simplify access to tax services.
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2 weeks ago | 
businessdailyafrica.com | Constant Munda
President William Ruto has asked his African counterparts to view growing protectionist policies in advanced economies such as the United States as an opportunity to integrate markets on the continent and mitigate shocks in global trade. He told a gathering of global business leaders in Nairobi that strengthening intra-Africa trade offered a “bigger opportunity” for a growing market for goods and services than what is offered elsewhere.
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2 weeks ago | 
nation.africa | Constant Munda
The uptake of cement has dropped by the sharpest margin in more than two decades, official statistics show, hurt by budgetary cuts on public infrastructure projects and prohibitive borrowing costs for property developers. Data collated by the Kenya National Bureau of Statistics (KNBS) shows cement sales fell 7.94 per cent in 2024 to 8.47 million tonnes--- the sharpest year-on-year drop in recent history.
