- While the numbers have not fully crystalised, there are indicators that the heavy taxes imposed by the KK administration are taking a toll on the taxpayers.
- Charcoal production is prohibited in Kenya but it goes on unabated with state actors condoning it. Ruto lifted a moratorium on logging but the High Court temporarily suspended the move.
- Coffee farmers are set for a major boost after the government announced plans to inject Sh4 billion into the New Kenya Planters Cooperative Union to enhance the Coffee Cherry Revolving Fund.
- CBK Governor says the transition to a green economy presents opportunities for corporates and MSMEs. Estimates show about three-quarters of investment needs must come from the sector.
- NSSF Managing Trustee David Koross told the Senate County Public Funds and Special Funds Committee that the fund is also owed Sh1.8 billion by defunct local authorities.
- The move is seen as a further tightening of the noose on luxury shoppers by Kenya Revenue Authority (KRA) as it faces mounting pressure to generate additional tax revenue.
- Airbnb said it will use the lessons and experience gained in South Africa to support inclusive and sustainable tourism in fast-growing African countries.
- We can argue all day long about tax rates, the tax base and the tax menu, but, at what point do we begin to accept that our tax/revenue/debt distress starts with our spending habits?
- Inflation rate rises to 6.9 per cent in October, up from 6.8 pc in September due to an increase in prices of commodities including food and electricity, KNBS says.
- Kenya and the United States have partnered to drive digital innovation in taxation and enhance efficiency in tax administration through the use of digital technologies.
- Kippra in the Kenya Economic Report 2023 details the role startups have in the sector, ranging from innovative ideas like engine swaps to the provision of electricity through mini-grids.
- When it stopped refining crude oil a decade ago, many may have it written off, even written well-worded obituaries for the KPRL. The grand facility however refuses to die.
- While it has taken a beating in recent years and registered major declines, coffee is still a significant sector of the Kenyan economy and players contend that it still has potential.
- CMA said it will be hands-off and let the market take its course, which appears to be a change of mind from earlier reports of plans to set floor prices in partnership with the NSE.
- Agriculture and Food Authority has issued a notice to all exporters saying the season of harvesting and exporting of avocados will close on November 3.
- A public policy think tank has fronted adoption of electric mobility as a gateway to ease the cost of living owing to how much influence fuel prices have on movement of people and goods.
- This reduction in fuel usage is viewed as an early indication of weakened industrial activity and decreased consumer spending, raising concerns among observers about a potential recession.
- Says he travels to seek opportunities for Kenyans and plan how to move country forward. President announces the government will stop importation of maize from 2025.
- CBK has written to 10 commercial banks, seeking clarification on the significant disparity in spreads despite the implementation of interbank market reforms.
- The African Export-Import Bank has emphasized the need for enhanced cross-border connectivity between Africa and the Caribbean, along with stronger mutual trade and investment cooperation.
- Human Resource automation is expected to rise in the next five years in East Africa as organizations recognize the power of technology in monitoring employee performance.
- Court of Appeal judges say the taxman did not break any law when it awarded the tender to SICPA Securities Ltd. They overturned a High Court decision that had declared the contract illegal.
- Cabinet approved the acquisition by way of share transfer in July this year. KPC plans to utilise vast resources to increase storage capacity for petroleum products.
- DP Gachagua recently indicated that prominent global coffee companies, including Starbucks and Java Coffee Company, have expressed a strong interest in directly purchasing coffee from local farmers.
- KPA Managing Director William Ruto said the agency will also collect an annual levy of between Sh50 billion and Sh60 billion from each concessionaire for the use its berths and equipment.
- Some of the 1,400 members of Gatatha Farmers Company Limited, now want Ruto to intervene and save their property worth billions of shillings from being disposed off secretly.
- They want the two foreign companies to act on the complaints they have forwarded to the industry regulator National Transport and Safety Authority (NTSA).
- The fate of Eastend Junior Academy may be the early sign of things to come in the coming days as investors adjust their capital allocations to the realities of their business operating environment.
- Data derived from the International Labour Organisation (ILO) indicates that globally, three-quarters of all unpaid domestic and care work is undertaken by women and girls.
- According to the cigarette manufacturer's 2022 Sustainability Report, its current female workforce stands at 44 per cent against 56 per cent for men.
