- Commercial lenders have kept interest costs on loans elevated despite CBK’s push to trim down rates by reducing the benchmark rate since August 2024.
- The court found that the pair was not entitled to the allowances by virtue of job groups and lack of approval of the Salaries and Remuneration Commission (SRC).
- Long-term market leader CIC has ceded ground to the competition despite seeing a growth in AUM indicating that rival schemes are growing at a faster rate than its own.
- In today’s fast-evolving business landscape, ongoing learning is non-negotiable. Organisations must provide accessible, dynamic, and relevant training.
- This year’s quarterly growth slowdown is linked to lower rainfall, unlike last year’s first quarter when rains boosted output and lowered fodder costs.
- Insiders at KRA attributed the record domestic VAT collections in May to a crackdown on a fraud scheme in which some rogue traders took advantage of loopholes to siphon billions of shillings...
- Traders in both countries have continued to battle tariff and non-tariff barriers on some goods despite the enforcement of EAC customs union treaty two decades ago.
- Faith-based facilities are the most affected, with financial strain levels increasing from 98 percent last quarter to 100 percent in the current report, highlighting the severity of the situation.
- IN 2024, a consignment of over 3,000 kilogrammes of gold from DRC worth about Sh43 billion “mysteriously vanished” at the Jomo Kenyatta International Airport.
- German beverage equipment manufacturers are courting Kenyan investors and producers to attend the world’s largest trade fair in Munich. The Drinktec Summit, the world’s leading trade fair for...
- Banks have been missing out on revenue from virtual assets on the back of CBK barring them from facilitating such deals, even as multiple reports showed growing uptake.
- KQ currently has a fleet of 35 aircraft, most of which are owned but some are leased. The latest addition to its fleet is a 170-seater Boeing 737-800, which it leased from the US-based firm in...
- I’m seated at the Gastronomy panel at Africa’s Travel Indaba in Durban, where three South African chefs are passionately unwrapping the magic of African flavours. Midway through, Chef Wandile...
- The question isn’t whether we’re changing, but whether we’re doing so quickly, deeply, and authentically enough to meet a future that has already arrived.
- To stay within the speed limit, shift to a lower gear to raise revs without increasing speed, choosing one that maintains a steady pace without braking.
- Serenity Social Club draws diverse personalities, but notably, more men are beginning to see vulnerability not as weakness, but as a path to well-being.
- Returns on bank deposits are also on a decline, coming from the 22-year high of 11.48 percent in June last year to 8.87 percent at the end of April this year in an environment of falling Central...
- The missing models could see KRA rely on their prices in the source markets to determine duty payable, a criterion that has in the past drawn industry uproar over steep taxes.
- The firm wanted the High Court to prohibit the Director of Public Prosecutions from continuing with the trial of Mr Shailesh Kumar Rai and Ms Ranjeeta Pandey Rai, who are accused of stealing the...
