Brian Ambani

Caption for the landscape image: What you need to know: Kenya is one of the 70 countries that BIO, which has a capital base of €120 billion, invested in.

Caption for the landscape image: What you need to know: Adani Energy Solutions Limited is one of three foreign companies that have submitted privately-initiated proposals to build power lines.

The First Thousand African Youth Summit on Food Systems and Agroecology, dubbed the “Summit of Solutions”, brought together over 300 youth in person and more than 1,000 virtual participants.

Some 355 solar contractors, manufacturers, and importers snapped up production permits from the Energy and Petroleum Regulatory Authority (Epra) in the year to June 2024, signalling increased demand for solar services.

Electricity generator KenGen has more than doubled its dividend payout to Sh0.65 per share after recording a significant rise in net profit for the year ended June 2024.

Relief for macadamia farmers as state extends permit to export raw nuts

Kenya is a net importer of goods. In 2023, the country’s expenditure on imports totaled Sh2.49 trillion, down from Sh2.61 trillion in the previous year.

Under the programme, KRA waived penalties, interest, and fines on taxpayers who had cleared their principal tax arrears for periods up to December 31, 2022.

Local sugar prices will likely increase due to implementation of the Act, which has introduced a Sugar Development Levy charged at four percent of the total value of sugar imports.

By subtracting eligible expenses from their income, taxpayers can effectively retain more of their earnings.