Business
World Bank Backs services sector to lift Kenya's Economy
The World Bank is now backing up the service sector which is expected to increase economic growth in Kenya between 2022 and 2023.World Bank Country Director for...
Kenya named an entrepreneurship hub for Africa
International chamber of commerce (ICC) Deputy Director for Global Partnerships and Development, Gabriel Petrus has announced that, Kenya will be an entrepreneu...
KPA 18 MILLION US DOLLAR PROJECT
Mombasa port has received 18 million US dollars from the UK government to help enhance the smooth flow of goods and promote more business around the port.The U...
Truckers claim SGR favored in cargo allocation
Road transporters have accused the state of being in favor of Standard Gauge Railway in Cargo allocation at the Mombasa port and now want the government to give...
Meta launches tool for SMEs
Meta has announced that it is rolling out a tool to help Small and Medium Enterprises (SMEs) grow their businesses online.The tool dubbed 'Facebook Business Coa...
"All Eyes on You" KRA to Social Media Tax Cheats
The taxman is eyeing rich Kenyans with a lavish lifestyle on social media but paying little or no tax. The Kenya Revenue Authority (KRA) Commissioner-General Gi...
Market decline for pig farmers
Farmers in the country fear production of pork could face further decline due to increased costs on animal feeds.Data from the Kenya National Bureau of Statisti...
New Economic Growth As Kenyans Transact Ksh3.068 Trillion On Mobile Money In Eight Months
Kenyans transacted Ksh3.068 trillion on mobile money between January and August 2020, amid Covid-19 pandemic. The amount reflects a seven percent growth compare...
KENGEN to Build Commercial Data Centre in Efforts to Increase Revenue Streams
Kenya Electricity Generating Company (KENGEN) has embarked on a plan to set up a commercial data centre that will house servers, network and storage for interna...
National Oil Unable To Account For Fuel Worth Ksh2.3 Billion
Cartels stole fuel worth Ksh2.3 billion in 2018 belonging to the National Oil Corporation of Kenya (Nock) thanks to the corporation’s poor record keeping, Audit...
NCBA Bank To Retrench A Section Of Its Employees As Going Gets Tough
Less than a year since the NIC and CBA banks merged to form the NCBA bank, the new entity has announced plans to retrench a number of employees due to difficult...
KRA Seeks to Collect KSh 5 Billion in Digital Taxes within Six Months
The Kenya Revenue Authority (KRA) is looking to collect Sh 5 billion in taxes from digital transactions within the next six months.Commissioner general Githii M...
Giant Telco Safaricom PLC Records Ksh33 Billion Profit In Half a Year
Safaricom has recorded a Ksh33 billion profit in half-year financial results to September 2020, a six percent drop as compared to the same period last year.Publ...
Connectivity In Narok At 84.9% As Last Mile Lights Up Rural Homes
Some 6,993 homes in Narok county have been connected to the power grid through the Last Mile connectivity programme since April 2016 when the first phase of the...
KARLO Launches New High-Yielding Rice Variety
After years of research, the Kenya Agricultural and Livestock Research Organisation (KALRO) has launched a seed variety that could expand rice farming beyond tr...
CRB Listing To Resume In January 2021 As Thousands Default Over Ksh403 Billion In Loans
Loan lenders will recommence listing loan defaulters with the Credit Reference Bureaus (CRBs) in January 2021 following the expiry of grace period ordered by th...
Inflation In November Hits 5.5 Percent, Highest In Seven Months
The cost of living in November shot to a seven-month high of 5.46 per cent from 4.84 per cent in October.According to the Kenya National Bureau of Statistics (K...
State Aims To Turn Fish, Rice Farming Into Major Employers
The government’s development of Kenya’s underexploited fishing industry into the major economic driver it should be will not slacken.Speaking during a tour of t...
Government Launches Credit Guarantee Scheme To Cushion Small Businesses
The government has launched a Ksh10 billion Credit Guarantee Scheme to mitigate the impact of Covid-19 on Micro, Small and Medium Enterprises (MSMEs).National T...
Kenya To Adopt Global Standards To Curb Tax Evasion
The Kenya Government has reiterated its commitment in implementing international standards on transparency and exchange of information for tax purposes as part...