Business
Business and economic news from Kenya and across Africa. Markets, companies, trade, taxes, jobs and the cost of living, explained for readers, entrepreneurs and investors.
KRA to Freeze Bank Accounts of Housing Levy Defaulters
NAIROBI, Kenya - The Kenya Revenue Authority (KRA) has received expanded powers to pursue Kenyans, employers and businesses that fail to remit the Affordable...
Ferrari’s First Electric Car Sells for Record $40 Million at Auction
CALIFORNIA, USA — Ferrari’s first all-electric production car, the Luce, has sold for a record $40 million at a charity auction in California, setting...
Treasury Doubles Domestic Borrowing to Sh138 Billion in July
NAIROBI, Kenya — The government more than doubled its domestic borrowing in July, raising Sh138.25 billion from the local market as it began implementing...
EADB Injects Sh11.6 Million Into East Africa School Games in Tanzania
MOROGORO, Tanzania — The East African Development Bank (EADB) has committed Sh11.6 million (USD90,000) to support the 23rd Federation of East Africa Secondary Schools...
Safaricom Announces Board Changes, Names Two New Non-Executive Directors
NAIROBI, Kenya — Safaricom Plc has appointed two Vodacom Group executives to its board as Non-Executive Directors, in changes that also see two existing...
The Scoop- Walls Have Ears
The Scoop by Y News is a one-page online magazine that takes you straight into Kenya's corridors of power. Each edition delivers sharp, thrilling stories – secrets, deals, and behind-the-scenes intrigues shaping the nation. Designed for the fast reader, The Scoop is made to be consumed in a glance and shared in a click.




