Business

07 June 2024 - Banks have warned of higher costs of transacting if Parliament approves the proposed value-added tax.

07 June 2024 - Kenya will use part of the Sh156.8 billion loan it recently secured from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its debut Eurobond.

07 June 2024 - Kenya Airways took up the loan to finance the purchase of seven aircraft and an engine.

07 June 2024 - Parliament has accused the National Treasury of setting an unrealistic revenue target in the budget.

07 June 2024 - Telkom Kenya has urged Parliament to block the increase of excise duty on internet data charges.

07 June 2024 - Soft drinks makers have urged Parliament to block a proposal to impose a 10 percent tax on locally manufactured plastics.

07 June 2024 - SGR will get Sh901 million from the exchequer in the new financial year starting July 1.

07 June 2024 - The US wants Kenya to tighten rules on environmental protection and conserving natural resources.

07 June 2024 - The Business Daily talked with John Mativo, the managing director of the Kenya Electricity Transmission Company.

07 June 2024 - Quiver Lounge said on Thursday it is suspending Quiver Lounge Kitengela’s boss amid an investigation into allegations of sexual misconduct that he was forcing young female bartenders to sleep with him for promotions and better working conditions at the…

07 June 2024 - Taxpayers forked out Sh17.4 billion to service a Kenya Airways (KQ) loan.

07 June 2024 - CBK has said it will not cut its indicative lending rate just yet.

07 June 2024 - CBK will earn a total of Sh12.62 billion in interest from emergency lending to the National Treasury.

07 June 2024 - Kenya’s capital Nairobi has improved as one of the most preferred cities for startup investments.

07 June 2024 - The government has allocated Sh612.7 million to build a power line to connect Marsabit to the national grid.

07 June 2024 - Tax experts have called for the rejection of a planned new tax on the transfer of family estates.

07 June 2024 - A former Kenya Navy officer and two others have been arrested and face multiple counts following the theft of a tuktuk in Kamulu in Ruai, Nairobi County. The three, Peter Kamau Muniu (the ex-naval officer), Timothy Irungu Karimi and Antony Maina…

07 June 2024 - The proposed imposition of 16 percent VAT on imported aircraft and drones will spell doom for the local aviation industry.

07 June 2024 - At the ArtCaffe on Rhapta Square, Westlands, there is a small wine-shop (cellar) on the ground floor.

07 June 2024 - I use the word “revert” because prior to 1977, all oil exports to Great Lakes countries were done by Ugandan oil companies from Kampala.

07 June 2024 - The Finance Bill 2024 will change the Kenyan economic and business environment way beyond recognition.

07 June 2024 - Kenya has been actively working to join countries reaping the benefits of nuclear energy.

07 June 2024 - It has been almost four decades since Cyndi Lauper recorded her signature songs.

07 June 2024 - Kenyan audiences have been enchanted by the award-winning musicals of Andrew Lloyd Webber ever since the 1970’s.

07 June 2024 - Munene Kariuki is a visionary and a realist combined.

07 June 2024 - In my previous article, I highlighted the buy or sell spread trades.

07 June 2024 - Eldoret town will be granted a charter in August this year after the Senate gave the approval last year.

06 June 2024 - Business activities rose strongly in May, implying a positive outlook despite the ravages of floods in parts of the country.

06 June 2024 - The Health sector was among the winners with an allocation of Sh126.8 billion.

06 June 2024 - To stay relevant in this AI-driven era, individuals must focus on upskilling, embracing creativity, and honing people skills.

06 June 2024 - TOPLINE Here’s the latest news about a global outbreak of H5N1 bird flu that started in 2020, and recently spread among cattle in U.S. states and marine mammals across the world, which has health officials closely monitoring it and experts concerned…

06 June 2024 - Afreximbank has disbursed $925 million to Nigeria's state-owned NNPC as part of a syndicated $3.3 billion crude oil-backed prepayment facility.

06 June 2024 - The Anti-Counterfeit Authority (ACA) has unveiled a new platform that will monitor intellectual property as it seeks to tighten controls on counterfeit products.

06 June 2024 - In a statement, the CBK said inflation was expected to decline further in what would be a huge relief for cash-strapped Kenyans.

06 June 2024 - NAIROBI, Kenya, June 6 – Award-winning Ghanaian-British entrepreneur and philanthropist Basil David Anthony is in Kenya to scout for talent for various entrepreneurial projects. Anthony, who arrived on Sunday, is a well-known and celebrated African…

06 June 2024 - Anglican Archbishop Jackson Ole Sapit has petitioned Parliament to scrap punitive taxes.

06 June 2024 - He was introduced to the game of golf as a youngsters in 2006 but dropped off for "really funny and very interesting" tout job.

06 June 2024 - KRA said the amount was on account of undeclared sales.

06 June 2024 - KRA said the amount was on account of undeclared sales.

06 June 2024 - The most obvious effect of a weak passport is that it restricts travel options. Certain parts of Africa have seen a high prevalence of the passport issue. Strong passport-holding nations can enter many other nations without a visa or with one upon…

06 June 2024 - X says users will be allowed to share consensually produced and distributed adult nudity or sexual behaviour, so long as it is properly labelled

06 June 2024 - Even with things getting better in some parts of the economy, the gap between what people make on minimum wage and what it costs to live is still a big problem. This makes life pretty tough for workers and their families.

06 June 2024 - The United States Agency for International Development (USAID), through the Feed the Future Kenya Livestock Market Systems Activity (USAID LMS), USAID Kuza, and USAID Resilience Learning Activity (RLA) will take part in the Kenya Meat Expo 2024 from…

06 June 2024 - Digital taxi-hailing companies have warned that the six per cent Significant Economic Presence (SEP) tax proposed in the 2024 Finance Bill will adversely affect customers if the bill is passed.

06 June 2024 - The insurance firm is said to have approached the Judiciary with the offer.

06 June 2024 - A high GNI per capita is essential to the growth and prosperity of African countries. Reduced poverty, higher living standards, better healthcare and education, social development, and sustainable growth are all results high income earning as a measure…

06 June 2024 - WASHINGTON, USA 6 The application period for the 2025 Microsoft Imagine Cup is now open. Students can apply to be part of the next season of Microsoft’s global startup competition. Going into its 23rd year, the competition offers students the…

06 June 2024 - REDMOND, WASHINGTON, USA, June 6 – Microsoft has announced new tools to help make building AI solutions easier. With ‘Build with AI’, held within the Microsoft for Startups Founders Hub, founders gain access to flexible templates designed to accelerate…

06 June 2024 - NAIROBI, Kenya, June 6 – The High Court in Kiambu has dismissed a petition seeking to halt key documentation processes that include the issuance of title deeds for a project jointly undertaken by Finsco Africa and Legacy Ridges.  The court upheld a…

06 June 2024 - By Nzola Miranda As the world marks the Word Environment Day today, it is important to note that in recent months, Kenya has faced two extreme climate events – devastating droughts and deadly floods – severely impacting its citizens. At the beginning…