• 24 Sep 2020 - The Employment and Labour Court has blocked planned layoffs at Tuskys following a petition by the Kenya Union of Commercial, Food and Allied Workers (KUCFAW) In the ruling made on Thursday following the filing of the redundancies challenge as a matter of urgency on Wednesday, Justice Stephen…
  • 24 Sep 2020 - Two civil society organizations- the Tax Justice Network Africa (TJNA) and the Katiba Institute (KI) have moved to court in a bid to stop the implementation of Kenya’s double tax agreements (DTAs) with 10 countries. The pair has sued the National Treasury, the Kenya Revenue Authority and the…
  • 24 Sep 2020 - Police have launched a hunt for four prisoners who on Wednesday escaped from a hospital in Lodwar, Turkana County where they had been isolated after contracting COVID-19. Turkana County Health CEC Jane Ajele said the four escapees were among 28 inmates who were in isolation after they got infected…
  • 24 Sep 2020 - Nairobi Senator Johnson Sakaja has developed the Startup Bill, 2020 which seeks to provide a framework to encourage growth and sustainable technology development. The bill which seeks to anchor startups in the Kenyan law for the very first time requires both the National and County governments to…
  • 23 Sep 2020 - Kenya Airways (KQ) pilots represented by the Kenya Airline Pilots Association (KALPA) have called for the recompositing of the proposed Kenya Aviation Corporation Board. In their submitted recommendations on the National Aviation Management Bill which was forced back into public participation, the…
  • 23 Sep 2020 - Troubled retailer Tuskys has sent home hundreds of staff members in what it terms as ongoing business operation realignments. In a letter addressed to the affected employees, the retailer says it will offer payment to the staff members in line with the termination notice including accrued leave…
  • 22 Sep 2020 - The Ministry of Trade and Industry has announced the commencement of negotiations to a potential UK-Kenya economic partnership agreement. The negotiation based on the European Union-East African Community Economic Partnership Agreement (EU-EAC EPA) text however sees Kenya go for the deal alone as…
  • 22 Sep 2020 - Global retailer Carrefour has announced plans to double down on its presence in Kenya as it lines up three new store openings in the Coastal City of Mombasa. The new branches will bring Carrefour’s combined footprint in the country to 11 stores and will inject an estimated 600 jobs. “The opening…
  • 21 Sep 2020 - National carrier Kenya Airways (KQ) has resumed flights to Tanzania following the lifting of a ban on local aviation operators. The carrier says it will operate two daily flights to Tanzania’s capital Dar es Salaam and three weekly flights to Zanzibar. KQ made its first ‘post-lockdown’ flight to…
  • 21 Sep 2020 - Over 70 speakers from across the world are set to grace this year’s U.S Diaspora and Trade Deal Event (DITDE) which will facilitate a new narrative of engagement between the Africa Diaspora and Africa through trade and investment. The event which is scheduled to take place virtually between…
  • 21 Sep 2020 - Leading retailer Naivas is expected to open its 66th branch in the country at Karen’s Waterfront Mall. The entry of the retailer to the shopping outlet is expected to mark relief to the mall’s owners who lost their anchor tenant when Shoprite cut short its tenancy in April. “We are pleased to…
  • 18 Sep 2020 - The Kenya Revenue Authority (KRA) tax collections through the month of August fell by 17.9 per cent from a similar period last year to Ksh.93.5 billion. The lower collections contained in the National Treasury Statement of Actual Revenues and Net Exchequer Issues published on Friday further showed…
  • 18 Sep 2020 - The Nairobi Securities Exchange (NSE) marked its best day of trading in 2020 on Thursday as turnover hit a record Ksh.3.76 billion. The daily turnover was up five times from a previous Ksh.550 million as the volume of shares traded increased by seven fold to 123.6 million. The bourse has…
  • 17 Sep 2020 - Oil explorer Tullow has announced the exit of its Kenyan Chief Executive Officer Martin Mbogo effective December 31. Mbogo’s exit which aligns with the end of his 10-year-long contract at the end of the year is part of the Group’s re-organization of operations that has seen it trim its headcount…
  • 17 Sep 2020 - The horticulture sector has been tipped to guide the rebound of the Kenyan economy as the country rediscovers growth amidst the COVID-19 pandemic. According to a report by global online trading firm Scope Markets, the country has seen superior yields from its agricultural exports portfolio…
  • 17 Sep 2020 - Regional based insurance firm UAP Old Mutual has made key appointments filling vacant executive posts triggered by the exit of its long-serving CEO Peter Mwangi. The firm has picked Arnold Dippenaar from South Africa based Standard Bank as its new Group Chief Financial Officer replacing Arthur…
  • 17 Sep 2020 - The National Treasury has raised Ksh.64.2 billion from local borrowing in September as it continues to profit from the high investor appetite for government securities. Total bids received from the sale of the three re-opened bonds conducted by the Central Bank of Kenya (CBK) totalled to Ksh.81.7…
  • 16 Sep 2020 - Troubled retailer Tuskys now risks getting expelled from its store at the Greenspan Mall in Donholm for defaulting on rent. According to a statement issued by ICEA Lion who represent the managers of Kenya’s first real estate investment trust the Fahari iREIT, the retailer is struggling to meet its…
  • 16 Sep 2020 - The government of Tanzania has made a turnaround on its decision to ban Kenyan carriers from operating within its airspace following the resolution of a new two-month long spat. In a statement issued on Wednesday, the Tanzania Civil Aviation Authority (TCAA) said it has lifted the suspension of…
  • 15 Sep 2020 - KBA, Huawei ink partnership to promote tech-driven financial inclusion The post Kenya Bankers Association, Huawei ink partnership to promote tech-driven financial inclusion appeared first on Citizentv.co.ke.
  • 15 Sep 2020 - The COVID-19 pandemic is expected to trigger a new run of mergers and acquisitions (M&As’) as Kenya’s banking industry shifts under the weight of the global health crisis. The pandemic which has partly severed the current business operating environment has created new bouts of uncertainty…
  • 15 Sep 2020 - Regional low-cost carrier Jambojet has launched non-scheduled/charter flights in a move to diversify revenue streams following the advent of the COVID-19 pandemic. The operator is seeking for a rebound from the depressed operational environment occasioned by the previous suspension of all…
  • 14 Sep 2020 - Petrol prices are set to increase by Ksh.1.48 per litre at midnight on Monday as the Energy and Petroleum Regulatory Authority (EPRA) impacts its mid-month fuel review. The routine adjustment has however marked an overall cooldown in the costs of all three fuel commodities following notable…
  • 14 Sep 2020 - The majority of Kenyans have opted to pursue multiple income streams as a fix to their financial plight resulting from the COVID-19 pandemic. According to a new report published by the Standard Chartered Bank on Monday, 93 per cent of surveyed Kenyans indicated they would set up a second income…
  • 12 Sep 2020 - The gains made in the war on HIV, TB and Malaria could be compromised if Global Fund withdraws support to Kenya in the next round of funding. The Global Fund to Fight AIDS, Tuberculosis and Malaria supports Kenya’s efforts in fighting HIV, TB through multiyear grants that go into billions of…
  • 12 Sep 2020 - Troubled retailer Tuskys has been forced to temporarily shut its branch at the Juja City Mall after auctioneers raided the premise late on Friday following a rent row. According to sources, the management of the supermarket is at present engaged with the landlord in view of re-opening the store.…
  • 12 Sep 2020 - The selection of the next World Trade Organisation (WTO) Director General is expected to close in the coming weeks as the General Council begins narrowing the field of candidates. Kenya will be rallying behind its candidate – Sports Cabinet Secretary Amina Mohammed – as countries’ ambassadors join…
  • 12 Sep 2020 - Beer distributors have asked the Kenya Revenue Authority (KRA) alongside the National Treasury to reconsider the planned hike of excise duty rates. In a statement issued on Friday, the alcoholic beverage dealers said the planned raise in tax would dampen the outlook of the sector which is at…
  • 11 Sep 2020 - The National Treasury has proposed to push its planned borrowing across the 2020/21 fiscal year by 13.1 per cent to Ksh.951.4 billion from a previous net sum of Ksh.841.1 billion. The plan to borrow more funds to the end of June 2021 indicated in the draft 2020 Budget Review and Outlook Paper (…
  • 11 Sep 2020 - The Kenya Revenue Authority (KRA) has launched a mobile application in its quest to ease compliance by taxpayers. Dubbed the KRA-M-Service App, the application will enable taxpayers to access various services including registration, verification, filing of returns and the payment of tax. The…