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Fuel costs remain unchanged for November, Epra announces
Business

Fuel costs remain unchanged for November, Epra announces

In Nairobi, Super Petrol will continue to retail at Sh184.52 per litre, Diesel at Sh171.47, and Kerosene at Sh154.78. The prices, which take effect from midnight, include the 16 per cent Value Added Tax, in line with the Finance Act 2023, the Tax Laws (Amendment) Act 2024, and updated excise duty rates as per Legal Notice No. 194 of 2020.

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Kuwait tops global market with record Kenyan coffee prices
Business

Kuwait tops global market with record Kenyan coffee prices

According to the Agriculture and Food Authority (AFA), a single Kuwaiti consignment sold for $2,706.88 (Sh349,728) per 50-kilogramme bag, more than three times the top price recorded in any country a year ago. This equates to about $54 (Sh6,970) per kilogramme of coffee, allowing farmers to earn roughly Sh160 per kilogramme of cherry.

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New county licensing law to grant automatic approval after 28 days
Business

New county licensing law to grant automatic approval after 28 days

The County Licensing (Uniform Procedures) regulations of 2025 also seek to consolidate multiple county permits into a single licence, simplifying operations for traders and investors. The initiative, spearheaded by the Investment, Trade and Industry ministry, aims to improve the investment climate and reduce bureaucratic obstacles.

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UK livestock genetics to boost Kenya’s agricultural growth
Business

UK livestock genetics to boost Kenya’s agricultural growth

Valued at about £700,000 (around Sh119 million) per year, the arrangement will help meet the rising demand for superior breeding stock in Kenya. With the country’s sheep and goat populations expected to grow in the coming years, access to advanced genetic material will enable local farmers to improve the quality, health, and productivity of their herds.

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SBM Bank Kenya returns to profit with Sh283m gain
Business

SBM Bank Kenya returns to profit with Sh283m gain

The bank’s financial statement indicates that net interest income almost doubled to Sh2.76 billion from Sh1.41 billion during the same period last year. Non-interest revenue also grew by 29.8 percent to Sh1.54 billion from Sh1.19 billion, helping to boost overall earnings. Meanwhile, operating expenses fell slightly to Sh3.89 billion from Sh3.94 billion, reflecting careful cost control.

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