- European Appliance maker Beko is looking to tap onto the growing internet usage in the country and a tech savvy youth generation to expand its footprint locally.
- The construction of a new Sh160 billion toll highway from Nairobi to Mau Summit is expected to begin in the 2023-2024 financial year after World bank committed to inject funds towards the project.
- Kenya Pharmaceuticals Distributors Association is faulting the Anti Counterfeit authority for usurping powers that will see it regulate the importation of medicine and other essential medical products.
- The austerity measures set by the governments in an effort to tame public expenditure risk sinking Sub Saharan African countries into a financial crisis.
- •The installation of wastewater treatment systems in buildings, properties, and businesses will result in low or no water bills for all
•Natural wastewater treatment systems are biological treatment systems that use no or very little electricity to work
- A financing conundrum of elevated cost of finance and reduced market access for Kenya has depleted the foreign exchange reserves exposing businesses to a tough operating environment.
- Badili Africa, a company that allows customers to trade in their old phones for new ones at friendly prices has raised $2.1 million (Sh259 million) in pre-seed funding to scale up operations.
- •Prolonged exposure to fear swiftly leads to wellness issues as people develop their own coping mechanisms
•Finding a productive way to use anger starts with developing your own self-awareness
- According to the UN entity, government debt levels as a share of GDP increased in over 100 developing countries between 2019 and 2021.
Excluding China, global debt has increased by $2 trillion close to (Sh244 trillion).
- This is the third hotel acquisition in Nairobi in a span of fewer than three months as the sector emerges strongly from the Covid-19 shakeup.
Hemingways Group CEO Ross Evans says the takeover is a strategic move to diversify our portfolio and expand our offering.
- Kenyans will now have to contend with paying transaction fees between mobile money Wallets and Bank accounts after the Central Bank lifted the moratorium.
- In a judgment delivered last week, the court dismissed an appeal by the Africa Oil Kenya that had challenged decision of the Tax Appeals Tribunal which confirmed KRA’s demand for the 2.2 B.
KRA will now collect Sh 2,293,334,065 from Africa Oil being unpaid VAT for the year 2011,2012 and 2015.