Business
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...
Central Bank of Kenya Reinstates Transaction Fees For Mobile Money Transactions Below Ksh 1,000
Mobile money users will starting January 2021 no longer send Sh1000 or less for free.In a statement, the Central Bank of Kenya (CBK) said providers will reinsta...
Roads, Rail Networks Stimulate Growth In Domestic Tourism
The government’s investment in roads and railways across the country is paying dividends by opening up rural counties for domestic tourism.Cabinet Secretary for...
Free Fingerlings To Boost Fish Farming In Murang’a
Fish production in Murang’a County is expected to go up after more than 100 farmers in Gatanga Sub County were issued with fingerlings.The department of fisheri...
KRA Wins Ksh105.6 Million Case Against Mars Logistics Limited
The High Court sitting in Nairobi has dismissed an appeal by Mars Logistics Limited contesting a charge of Value Added Tax (VAT) on transportation services amon...
Cold Storage Facilities To Reduce Post-Harvest Losses
The government is in the process of setting up two potato cold storage facilities and one for bananas to reduce post-harvest losses in these sub-sectors. The tw...
KRA Bets On New ICT System To Seal Tax Leaks, Enhance Trade
The new Integrated Customs Management System (ICMS) being piloted at The Port of Mombasa will optimise service delivery and enhance regional trade.Speaking duri...
Over 20,000 Bungoma Families Reap Big From Agricultural Project
Members of at least 860 rural farmer-groups from 20 wards in Bungoma county have seen their lives transformed by a programme through which the government has in...