Business

14 June 2024 - Nigeria has dropped tax evasion charges against two Binance executives after the world's largest crypto exchange appointed a local representative to handle all court proceedings related to the allegations.

14 June 2024 - NEW DELHI, June 14 (Xinhua) — The rate of wholesale inflation in India rose to 2.62 percent in May from 1.26 percent in April, according to data released by the federal Ministry of Commerce and Industry on Friday. “Positive rate of inflation in May…

14 June 2024 - NAIROBI, Kenya, June 14 – The government has removed a proposal to cap taxes on registered motor vehicles at Sh100,000, meaning that those owning high-end or expensive cars will have to pay more if Finance Bill 2024 passes. Under the new system,…

14 June 2024 - I have a confession. I did not want to hang out with my cousins last Christmas. They live in the city, but choose the Christmas week to throng the village. It then becomes party after party up to the New Year. I was not enthusiastic about partying this…

14 June 2024 - KQ is looking to drive revenue growth by expanding operations, passenger charters, and partnerships.

14 June 2024 - NAIROBI, Kenya, June 14 – For the past 10 years, credit-only microfinance institution, Jijenge Credit limited has been at the forefront of cultivating a vibrant financial ecosystem across the country. Through the strength of sheer hard work and…

14 June 2024 - The world today is experiencing a noticeable decline in peace, with Africa being particularly affected.

14 June 2024 - NAIROBI, Kenya, June 14 – Fuel prices have dropped by about Sh3 and Sh6 in the latest Energy, Petroleum, and Regulatory Authority (EPRA), coming on the back of Kenya’s currency appreciation against major global currencies. While a litre of super petrol…

14 June 2024 - The cost of fuel across the country is set to go down further following the latest fuel prices review by the Energy and Petroleum Regulatory Authority (EPRA).

14 June 2024 - President hopes bond issuance in Japan, China and the Gulf will provide needed funds.

14 June 2024 - JUNE 14 – US investigators have arrested the founder and CEO of a telehealth company who is accused of a running a $100m (£78m) scheme to fraudulently distribute over 40m pills of Adderall and other controlled substances. US Attorney General Merrick…

14 June 2024 - For most African countries, having a low inflation has numerous economic benefits. Given that many of the countries on the continent are regarded as low-income, it helps the economy when those nations are spared the hardship of dealing with severe…

14 June 2024 - NAIROBI, Kenya, June 14 – The government has announced a significant enhancement to the ‘Hustlers’ Fund by an additional Sh5 billion in a move anchored on addressing the accessibility of affordable credit for Kenyans. Treasury Cabinet Secretary Njuguna…

14 June 2024 - Tesla shareholders voted in favour of a huge compensation package for CEO Elon Musk, endorsing the potential windfall after a Delaware court invalidated it, a company official said Thursday.

14 June 2024 - A couple of British citizens were apprehended in Ghana for the possession of illegal substances. They were accused of attempting to smuggle said illegal substances by Ghanaian authorities and were detained as a result. This is hardly the first instance…

14 June 2024 - TOPLINE Pope Francis is set to attend the G7 summit on Friday and is expected to urge world leaders to adopt AI regulations, a subject the Pope has spoken about several times in the past, including after he was the subject of viral AI-generated images…

14 June 2024 - NAIROBI, June 13 (Xinhua) — Every Sunday, several streets of Nairobi, the capital of Kenya, as well as its suburbs, usually bustle with activity involving mainly young people. The youngsters normally take photos in all manner of poses as others make…

14 June 2024 - COLOMBO, June 14 (Xinhua) — Sri Lankan economy is expected to expand by 2.2 percent in 2024 and reach 3 percent in 2026, assuming successful debt restructuring negotiations and the implementation of structural reforms, according to the World Bank’s…

14 June 2024 - NAIROBI, Kenya, June 14 – Kenyan farmers are among the big winners in the just-released 2024–2025 budget that was read yesterday by the National Treasury. This follows the sector receiving an allocation of Sh54.6 billion, according to the estimates…

14 June 2024 - Treasury CS Ndung'u reverses plans to raise excise duty on mobile transfer agencies.

14 June 2024 - Treasury CS proposes removal of 25 per cent excise duty on potatoes, eggs and onions.

14 June 2024 - Currently, Kenya lacks a conducive environment for local manufacturing of Electric Vehicles. Therefore, the focus should be on encouraging local assembly.

14 June 2024 - The IMF ties aid to a string of demands for economic and governance reforms.

14 June 2024 - Country's peak demand expected to hit a high of 4,000MW in the long-term.

14 June 2024 - Licensing, public security and corruption listed among major challenges.

14 June 2024 - The company’s outstanding loan balance for government-guaranteed loans stands at Sh36.5 billion.

14 June 2024 - On average a two kilogram non aromatic white rice was retailing for Sh469 in May

14 June 2024 - World Bank and IMF however remain the overall biggest lenders.

14 June 2024 - Majority of those interviewed say the proposals are not mwananchi friendly

14 June 2024 - Kenya is saddled with public debt estimated at Sh11.6 trillion, gobbling up over half of ordinary revenue.

14 June 2024 - Excise duty on fees charged on telephone, internet data services and money transfers services up to 20%

14 June 2024 - Police officers yesterday managed to arrest two people accused of smuggling and selling cannabis (bhang) in a series of rapid early morning raids in Kilindini, the main part of the Port of Mombasa, the Directorate of Criminal Investigations (DCI) said…

14 June 2024 - The sale of additional shares by South Africa’s MTN Group in its Ugandan subsidiary was oversubscribed by 2.3 times.

14 June 2024 - Almost every pew, corner and bit of floor space at the Nairobi Chapel Ngong Road was filled at the memorial service for Reggae emcee and media personality Njambi Koikai or Jahmby Koikai, for the lovers, on Thursday afternoon. Ms Koikai, who died of…

14 June 2024 - OTTAWA, June 13 (Xinhua) — Canadian Prime Minister Justin Trudeau on Thursday announced 5 billion Canadian dollars (3.6 billion U.S. dollars) in funding as the country’s contribution to G7 Extraordinary Revenue Acceleration (ERA) Loans, an initiative…

14 June 2024 - NAIROBI, June 13 (Xinhua) — Kenya on Thursday presented its 3.9 trillion shillings (about 30 billion U.S. dollars) budget for the financial year 2024/2025, focusing on sustaining economic growth. Njuguna Ndung’u, the cabinet secretary for the Ministry…

14 June 2024 - Owning and insuring a vehicle in Kenya may now be a costly affair after Treasury Cabinet Secretary Prof. Njuguna Ndung’u on Thursday announced the introduction of the motor vehicle tax.

14 June 2024 - The government has waived debts worth Sh6.9b farmers owe saccos and suppliers.

14 June 2024 - It targets value chains, including leather and leather products, textiles and apparel, dairy and tea.

14 June 2024 - Residents praise some of the proposals while others claim slashing health funding is a disaster in waiting.

13 June 2024 - A lady magistrate was shot fatally on Thursday during a judicial proceeding in Makadara Law Courts, the police said, in one of the deadliest days in law enforcement circles in recent years. Around 1:45 PM, Presiding Magistrate for Makadara Law Courts…

13 June 2024 - Treasury CS Njuguna Ndung’u now says the country’s economy is growing at a stable rate, revealing that it is expected to rise by 5.5% in the 2024/2025 financial year.

13 June 2024 - Startups have been a vital catalyst in digitizing Africa’s economic ecosystem, driving growth, and opening up new possibilities in recent years. African cities such as Nairobi, Lagos, and Cape Town currently stand as tech hubs and entrepreneurial…

13 June 2024 - President William Ruto's government has allocated Sh193.4 billion towards the road sector in the 2024/2025 budget.

13 June 2024 - Treasury Cabinet Secretary Njuguna Ndung'u has proposed an allocation of Sh656 billion of the total expenditure to the Education sector.

13 June 2024 - Treasury CS Njuguna Ndung'u was an associate professor of economics and CBK governor.

13 June 2024 - 27 years later, the building stands at only 15 floors, with about two-thirds of the original architectural vision reduced to a bland form similar to the surrounding buildings.

13 June 2024 - Promises on the campaign trail have not been kept, and it has started to appear like the government has lost touch with the ground.

13 June 2024 - Wananchi pray the budget that does not pass additional costs to already overburdened taxpayers.

13 June 2024 - Treasury is seeking to impose 16 per cent VAT on electric bikes and buses, as well as solar and lithium-ion batteries.