Category: Business Daily

The Court of Appeal has ordered APA Insurance to pay a manufacturing firm Sh58.6 million as compensation following a fire that gutted the firm’s premises, hardly two months after the insurance took effect.

The award is a 28.8 percent reduction from the Sh82.33 million that the High Court had awarded the manufacturer-Britind Industries Limited- in February 2023 before APA appealed the decision, claiming that the fire was ‘deliberately or wilfully’ started by the firm.

Kenya has opted to settle a syndicated loan of $430.55 million (Sh55.6 billion) from the Eastern and Southern African Trade and Development Bank (TDB), a sign the State could not meet the lender’s refinancing terms.

Treasury Cabinet Secretary John Mbadi said the multilateral loan was very costly, adding that while the government considered taking a new facility to repay it, the expense made refinancing unattractive.

Increased importation of capital goods, including machinery and transport kits, pushed Kenya’s current account deficit to 2.1 percent of GDP at end of August 2025, compared to 1.6 percent a year earlier, indicating rising business activity and improving credit flows to the private sector.

The Central Bank of Kenya (CBK) says deficit widened to $2.84 billion (Sh367 billion) in August from $1.82 billion (Sh235 billion) a year earlier, but it is expected to moderate to $2.39 billion (Sh309 billion) or 1.7 percent of GDP by the end of the year.

The World Bank has asked Kenya to consider additional consumption taxes like excise duty and value added tax (VAT) to clear mounting supplier arrears in what could spark fresh social unrest if adopted.

The multilateral lender wants high consumption taxes to clear pending bills, which rose to Sh526 billion in June from Sh421.6 billion in March, triggering business closures, layoffs and non-performing loans.

Consumption of cheap electricity at night and weekends by industries dipped to a four year low in the period ended June 2025 with 180.1 Gigawatt-hours (GWh) used, signaling reduced economic activity by the businesses and exit of big firms from the special tariff.

Energy and Petroleum Regulatory Authority (Epra) data shows that this was a decline of 19.9 percent from the 225 GWh used a year earlier by industries and electric vehicles (EVs) under the special tariff, commonly referred to as the Time of Use (ToU).

For every 10 adult Kenyans living with high blood pressure, only four are aware of their condition, according to a new statistic, highlighting alarming gaps in access to treatment for a disease that puts millions of lives at risk.

The World Health Organisation’s Hypertension Profile 2025 estimates that 5.5 million Kenyans aged 30 to 79 have high blood pressure, equivalent to approximately 28 percent of the population.

‘Until the lion tells his side of the story, the tale of the hunt will always glorify the hunter.’ – African proverb

If the first ascent of the creative founder is survival, the second is recognition. It is when passion, once doubted, begins to attract attention, when resilience forged in scarcity is suddenly visible to the world.

A travel agent based in Mombasa has sued KLM Royal Dutch Airlines, seeking a permanent injunction to restrain it from demanding payment for five tickets, allegedly purchased fraudulently.

In its case at the High Court in Mombasa, Kilindini Travel Centre Ltd says it is an International Air Travel Association (IATA)-accredited travel agent, authorised to conduct air ticketing business for both local and international travel.

The Judiciary has raised concerns about the increased use of forged documents to try to procure favourable decisions in the wake of a fake court order in a case involving betting firm SportPesa.

It issued a public notice on Wednesday over the rising cases of fake rulings, court orders, warrants of attachments and sale of property, as well as notices to show cause.

The value of payments made through cards fell to Sh521.3 billion in the 12 months to June 2025, compared to Sh594.2 billion in a similar period last year, cementing a trend of slumps attributed to an increase in mobile banking.

The use of bank cards for purchasing goods and services has declined over the last six years, with consumers increasingly opting for alternative payment methods such as cash and mobile money wallets.