- The results come on the back of increased pressure from other digital lending products that have eaten into the average loan amounts borrowed through the facility.
- Ngatia, who will be facing opposition from his First Vice President Erick Rutto, has picked seasoned businessman Abdulwalli Sharrif as his running mate.
- Taxman needs to collect Sh268 billion every month to hit Sh2.1 trillion target. President Ruto is under public pressure to expand the economy and create jobs.
- Treasury has in the Finance Bill 2023 proposed an increase on the value-added tax levied on petroleum products to the standard rate of 16 per cent from the current rate of eight per cent.
- Kenya and Indonesia have committed to strengthening bilateral relations by improving trade and investment cooperation, promoting sustainable development, and fostering economic growth.
- The licences were suspended after Rainforest Alliance established that James Finlay (Kenya) Limited and Ekaterra Tea Kenya PLC did not conform to the social and management criteria.
- In 2023, the shilling depreciated 9.7 per cent against the dollar while South Africa's and Ghana's currencies weakened by 13.9 per cent and 11.2 per cent respectively.
- Githunguri indicated that he had one wife, Karungari, and his children are Njeri, Lilian Wanjiru, Joan Nyawira, Nyagaki, Joseph Githunguri and Francis Wanjihia.
- Battered by a perfect storm of political and economic crises at home that threatens his young presidency, William Ruto has embarked on an aggressive charm offensive beyond Kenya's borders.
- The announcement came amid stiff competition for mature cane among millers in Western Kenya, which pushed up the price of a ton of sugarcane to a record high of Sh5,500 last month, from Sh4,000.
- The announcement came amid stiff competition for mature cane among millers in Western, making the price of a ton of sugarcane rise to a record high of Sh5,500 last month from Sh4,000.
- KCB's Paul Russo emerged one of top earners taking home an annual gross pay of Sh217M. CEOs enjoy perks like luxury holidays, wardrobe allowances, private club membership
- Its CEO AIdorenyin Obong said opening offices in Kenya will help the firm navigate its planned operations in other countries within the East African Community.
- They argue the law on financial derivative tax is unprocedural and illegal. KBA says the law will lead to massive losses since it amounts to double taxation.
- CFAO Motors takes over the local assets of DT Dobie to create a new dealer powerhouse. New entity also combines an expansive range of vehicle assembly lines.
- With tight licensing requirements, the new rules will streamline the fast-growing sector and also protect consumers from rogue lenders out to exploit them.
- As medicine advances around the world, it is prudent for the Ministry of Health to espouse new medical technologies that will improve our health and substantially reduce high medical expenditures.
- From the use of cleaner fuels to the adoption of digital platforms and the incorporation of solar power into port operations, the race for greener shipping is on.
- The competitive real estate market is being driven by factors such as appreciation of land value, types of modern houses built in different locations and closeness to Nakuru CBD.
- Apartments' rental prices in all satellite towns increased in the first quarter of 2023 owing to an increased demand for affordable houses and inflationary adjustment to prices.
- In Murang'a County, Kenol and Kangari which have been among the 15 market centres that were proposed at the sub-counties have been endorsed for the municipal charter.
- It's crucial to adopt that entrepreneurial mindset early. This can start with asking three questions including what are you good at, what you love and what gives you a sense of fulfilment.
- The pathway to this is social business; entrepreneurship with a cause to transform the world. Not profits. It is this that will create a new civilisation of the three zeroes.
- Some women are waging psychological warfare by weaponizing the shortest of micro skirts as paperless aids to writing illegal notes on anatomical regions.
- The proposal to increase VAT to 16 per cent on fuel could see the price rise to Sh193 per litre, with tax experts saying the impact of VAT could go up by Sh14.
- Raila says the taxation proposals in the Bill are Kenya Kwanza proposals. He wants wananchi to submit their objections in writing to the clerk of the National Assembly.
- Banks have to inject a lot of capital to protect depositors' money. Banks will evolve services to remain relevant but we have work with partners in models like Fingo.
- Although economy has exhibited a degree of resilience, there exist several risks such as high cost of living, high debt servicing obligations, and political and climate-related challenges.
- Data by Kenya National Bureau of Statistics (KNBS) in the recently released Economic Survey 2023 shows maize imports having increased by 307,226 tonnes to hit 793,751 tonnes last year.
- While urging global leaders to consider adopting use of clean energy, President Ruto says Africa is not coming to the table as a victim of climate change.