- The manufacturers fear further economic damage to their businesses if the disruptions persist. Lobby says losses emanate from destruction as well as lost revenue as businesses remained shut.
- The Government of Kenya, through the Ministry of Interior and National Administration, has already announced plans to roll out a new Digital Identity for all citizens by the end of 2023,
- CMA director tells Senate shareholders are at liberty not sell shares. Petitioner claimed the shareholding was a betrayal of the interest of Kenyans.
- Sustained street protests by the opposition have left many enterprises no choice but to cushion against vandalism. Insurers have confirmed increased uptake of cover against political risks.
- KEPSA projects Kenya loses Sh3b daily owing to looting and property destruction occasioned by protests, says the country cannot afford existing political activities.
- Kenya and Iran are expected to sign several preliminary trade deals today as Iranian President Ebrahim Raisi begins the first visit by a head of state from the Islamic Republic in over a decade.
- Residents charged Sh200 for a trip that truck owner would ask for Sh1,200 or more. Ruringu has highest number of donkeys in Nyeri, and owners want more veterinarians.
- Energy Committee casts doubt Epra conducted public participation following high jump in power prices, says it might in future require the agency to first seek Parliament's approval.
- Massive layoffs of workers whose manual roles have been replaced by machines has prompted an exodus from multinational tea estates that had seen mushrooming business enterprises.
- Although aimed reducing the cost of living, it is crucial to critically examine the effectiveness of these demonstrations and their potential negative consequences.
- Abraham Mbuthia had a dream to transform dukas in Africa to operate like supermarkets by empowering them with simple, affordable, and innovative technology.
- Mitumba Consortium Association of Kenya chairperson Teresia Wairimu said that it is a misconception that a growing second-hand clothing industry undermines domestic textile production.
- High Court has stopped the Controller of Budget from authorising the release of equalisation funds meant for marginalised areas in a battle on sharing criteria of the 2022-2023 allocation.
- A National Assembly's watchdog committee has raised eyebrows over the State's appetite for domestic debt amid the slowing growth of credit to the market.
- Every few years, the government finds a way to slap petroleum products with more taxes despite the protests that fuel is overtaxed and higher costs could be detrimental to the economy.
- The National Assembly earlier approved the conversion of Kenya's debt ceiling from the current Sh10 trillion to a debt anchor as a percentage of the GDP.
- Banks are continuing to steeply increase the cost of loans, with interest rates expected to go beyond 20 per cent, leaving borrowers with a massive debt servicing burden.
- Auctioneers have given notice that they plan to sell off DL Koisagat Tea Estate in Nandi County as well as a prime property in Mombasa that DL Group uses for handling and packaging tea for export.
- Numerous challenges hinder effective ocean conservation, such as conflicts over space, inadequate security, overfishing, habitat degradation, pollution, biodiversity loss
- The state pension scheme paid out Sh5.4 billion last year down from Sh5.8 billion a year earlier. This is after funds invested in equities reported zero returns during the period.
- The reinsurance sector is holding steady despite a continued economic slowdown in the country, Kenya Reinsurance Corporation Managing Director Hillary Wachinga says.
- Ruto calls for Pan-African payment and settlement system to boost free trade. But Wandayi says Ruto has seen a chance to be the 'poster boy' for Africa's renaissance
- Kenya Revenue Authority (KRA) recomputed the income tax for an airline for the financial years 2017 to 2022 which led to the reduction of accumulated losses to Sh700 million in 2021.
- KRA failed to file a response in Sh2.4 billion Kingsway Tyres and Automart Limited case. KRA Board chairman vows to pursue firms that got tax abandonment, waivers and refunds.
- This was Sh62 million more than the Sh471 million they had earned a year earlier. Mr Ndegwa alone earned Sh24 million more in the period ended March this year.
- That rare feat was achieved when a team of sailors piloted the MV Spetses Lady out of the new Kipevu Oil Terminal into the high seas, nine nautical miles away.
- Plan centres around digital infrastructure, digital services and data management, digital skills, digital entrepreneurship, and effective alignment to policy, legal, and regulatory frameworks.
- Experts in financial services sector have been asked to embrace networking through professional bodies to stay in line with ever-evolving marketplace globally.
- ICT Ministry officials in former President Uhuru's government granted a Sh612m tax waiver to a Chinese firm despite the rule that agency tax cannot be abandoned, a tax agency boss has revealed
- A litre of super petrol is currently retailing at about Sh183.58 (1,517 Rwanda Francs) in Kigali. The Finance Act 2023 increased VAT on fuel to 16 per cent from the earlier eight per cent.
- Traditionally, farmers and financial institutions have shouldered the burden, creating high-stakes, high-pressure financing arrangements which simply don't work.
- In an unpredictable world filled with risks and economic uncertainties, insurance and reinsurance play a key role in safeguarding individuals and businesses.
- HR is the giraffe of the organisation, seeing far and wide. By having futuristic thinking, the HR team aligns talent with the future of work and customers.
- Court of Appeal has dismissed an appeal filed by Coca-Cola Company challenging an order to place labels on nutrition value and customer contacts on its soft-drink glass bottles.
- The assent of the Finance Act 2023 - which has seen a hike in taxes on fuel - has emboldened the opposition. Traders fear any sustained unrest that will disrupt business activities.
- Threads became available on Apple and Android app stores in 100 countries on Wednesday, July 5. We are also on Threads, follow us for more updates on the platform: @KTNNews, @StandardKenya.
- Cage fish farming has turned into a thriving business churning out millions in income for farmers and increasing production in the wake of dwindling stocks in natural waters.
- Farmers decry low returns despite working hard to meet high market demands. Want the agency to involve farmers at all levels of the decision-making process.
- Equity Bank notified customers of new rates, with other banks expected to follow suit in coming days. Move comes after CBK raised the benchmark rate by 100 basis points to 10.50 percent.
- Population growth, rapid urbanisation, government focus on affordable housing, and infrastructure improvement are some of the reasons that have made the property industry thrive.
- Mwangi faces charges of being behind the theft of the sugar consignment but blames KRA. Committee is probing how sugar which was handled by Kebs and KRA disappeared without a trace.
- In talks chaired by DP Gachagua, growers ask government to address issues hurting sector, including uprooting cartels, waiving of loans and empowering tea authority to maximise production
