Companies, markets, trade, jobs.
China's economic slowdown and shift toward domestic manufacturers are squeezing Germany's automakers, with the VDA auto lobby president telling Reuters at the Beijing auto show that the competition in the Chinese market is "the most intense competition in the world" and that historically strong German market share can no longer be held as a benchmark for success.
5 hours ago · Citizen Digital →
China's economic slowdown and shift toward domestic manufacturers are squeezing Germany's automakers, with the VDA auto lobby president telling Reuters at the Beijing auto show that the competition in the Chinese market is "the most intense competition in the world" and that historically strong German market share can no longer be held as a benchmark for success.
5 hours ago · Citizen Digital →
US President Donald Trump is hosting the second annual winners of his meme coin contest at Mar-a-Lago, where the top 29 buyers of his $TRUMP cryptocurrency will attend a VIP reception with him, even as the token's value has fallen 96% from its January 2025 peak of $75 to $2.81.
9 hours ago · Citizen Digital →
Equity Bank has been named Overall Best Bank in Kenya at the 2026 Think Business Banking Awards, emerging top in 10 categories and ranking second in two others. The Bank's Managing Director and CEO James Mwangi was also named Overall CEO of the Year.
12 hours ago · Citizen Digital →
President Ruto inspected construction of Ciumbu Modern Market in Murang'a County, where the government is building 25 modern markets at a cost of KSh 2.5 billion. Nationally, 600 similar markets are under construction to provide improved trading infrastructure for small-scale traders.
18 hours ago · Capital News →
Oil prices dropped after reports that Iran's Foreign Minister was to arrive in Islamabad for anticipated second-round Middle East talks between the United States and Iran, signalling potential de-escalation. Brent crude fell below $100 a barrel, while global equities climbed on optimism about the ceasefire extension between Israel and Lebanon and strong corporate earnings, though German business morale hit its lowest level since the Covid pandemic.
25 April 2026 · Citizen Digital →
Private developers are seeking greater market share in Kenya's coastal real estate sector, particularly Mombasa and surrounding areas, driven by tourism and diaspora investment. The Kenya Property Developers Association is establishing a Coast region chapter and has appointed Megna Homes CEO Ahmed Badawy to its board to strengthen regional engagement and development standards.
25 April 2026 · The Standard →
The Kenya Private Sector Alliance has petitioned Parliament's National Assembly Finance Committee to reduce the highest PAYE tax band from 35 per cent to 30 per cent, citing pressure on workers' incomes and a "triple crisis" of fiscal strain, energy constraints, and regulatory instability.
25 April 2026 · The Standard →
The National Treasury is finalising a tender to lease 600 electric vehicles and install 70 DC fast chargers across the country, with the goal of shifting most government fleets away from petrol and diesel to reduce fuel expenses.
25 April 2026 · The Standard →
One Petroleum Limited defended its role in a controversial petroleum import deal, stating it followed due procedure and that all aspects—quantity, price, and quality—were approved by the Ministry of Energy in writing with formal waivers. The company said it responded to a written government request for an emergency cargo of 35,000 to 85,000 metric tonnes and that by April 7, about 20 per cent had been paid for and collected by oil marketing companies.
24 April 2026 · Citizen Digital →
The Kenya Property Developers Association has appointed Megna Homes CEO Ahmed Badawy to its Board of Directors as part of efforts to strengthen institutional presence in the Coast region and establish a coastal chapter. The move signals KPDA's growing focus on addressing the coastal property market's distinct dynamics and improving coordination with local stakeholders.
24 April 2026 · Citizen Digital →
Motor vehicle importers say the Kenya Revenue Authority's use of Container Freight Station "confirmation" and new rulings has inflated duty charges by over 80 percent or nearly double in some cases, raising car prices substantially and affecting affordability for lower and middle-income buyers. KRA counters that taxes are set by Common External Tariff rates and that the 2019 Current Retail Selling Price continues to be used as directed by court.
24 April 2026 · Citizen Digital →
Dutch firm De Heus is investing Ksh.3 billion in an animal feed manufacturing plant in Athi River, aimed at strengthening agricultural value chains and food security. The Netherlands has over 150 companies operating in Kenya and is deepening economic ties with the country as a regional trade hub.
24 April 2026 · Citizen Digital →
ABSA Bank, DTB Bank and Premier Bank are offering contactless payment solutions integrated into wearable devices like smartwatches, rings and wristbands, which customers can tap on POS terminals. The banks have implemented security measures including transaction limits, PIN requirements, and real-time fraud detection to address risks from potential loss or theft.
24 April 2026 · Citizen Digital →
Amsterdam's Schiphol Airport announced a 10-percent discount on airport charges for airlines from April 27 through March 2027, citing high kerosene prices caused by the Iran war. The temporary measure, applying to daytime flights only, aims to keep the Netherlands connected globally as airlines trim routes due to rising fuel bills.
24 April 2026 · Citizen Digital →