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NEWS & CURRENT AFFAIRS

Digital News

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Graham Kajilwa

Treasury moots plan to tap pension assets for mega projects

Treasury Cabinet Secretary John Mbadi has directed the formation of a team of experts to explore the possibility of the government using pension funds to invest in infrastructure projects.

Treasury moots plan to tap pension assets for mega projects

State in Sh8b plan to double coffee farmers' earnings by 2027

State in Sh8b plan to double coffee farmers' earnings by 2027

Tana River records highest own revenue growth as counties miss targets

Tana River records highest own revenue growth as counties miss targets

Why homeownership is not a priority for most Kenyans

Why homeownership is not a priority for most Kenyans

Insurance: Hard nut to crack despite improved technology

Growing insurance penetration remains one of the uphill tasks that players in the sector still face amid a growing population and improved technology.

Insurance: Hard nut to crack despite improved technology

Why Kenya's export strategy needs more effort to grow markets

According to the 2024 Economic Survey Report by the Kenya National Bureau of Statistics (KNBS), in 2023, export earnings grew by 15.4 per cent to Sh1.007 trillion.

Why Kenya's export strategy needs more effort to grow markets

Big manufacturers on the spot for sidelining smaller players

Large manufacturers are on the spot for their reluctance to do business with small and medium-sized entities, which the government has noted is dragging the growth of the sector.

Big manufacturers on the spot for sidelining smaller players

Treasury and COG; Who is saying the truth on disbursement?

Treasury CS John Mbadi has absolved his office of any delays and even provided a breakdown of how much money has been released to counties.

Treasury and COG; Who is saying the truth on disbursement?

Pension industry seeks to flex its muscle in large State projects

Sector forms consortium to lead investment in capital-intensive ventures. Most of the funds have traditionally been invested in government securities.

Pension industry seeks to flex its muscle in large State projects

Inside Sh81.3b Nairobi County housing development plan

The Nairobi City County targets to develop 10,000 units in its Annual Development Plan for the financial year 2025/26.

Inside Sh81.3b Nairobi County housing development plan

Taxman softens stance in bid to woo MSMEs into tax net

MSMEs and the informal sector feature heavily in the Kenya Revenue Authority’s (KRA) ninth corporate plan running until the 2028-29 financial year.

Taxman softens stance in bid to woo MSMEs into tax net

Falling inflation: Market correction or a shrinking economy?

Simply put, if the economy was working as the Kenya Kwanza administration claims, shouldn’t businesses be recruiting more than they are letting go of their staff?

Falling inflation: Market correction or a shrinking economy?

Airtel bets on MSMEs amid State regulation, tax drives

The share of Airtel Money has grown 6.6 per cent, according to the latest Communications Authority (CA) industry report.

Airtel bets on MSMEs amid State regulation, tax drives

Report: Construction sector leads in mobile money use

Adoption of mobile money is highest in the construction industry, according to a new report that shows the low level of digitisation among informal sector businesses.

Report: Construction sector leads in mobile money use

Boda boda operators in new bid to slam brakes on bike theft

Boda boda operators are now mulling the establishment of their own insurance agency, among other measures, in the wake of the rising cases of motorcycle thefts in the country.

Boda boda operators in new bid to slam brakes on bike theft

Auditor General: Why Kenya's Sh10.6tr public debt is understated

Kenya’s public debt could be more than the reported Sh10.6 trillion as concern is raised on how much credit has been accumulated by public institutions through non-guaranteed loans.

Auditor General: Why Kenya's Sh10.6tr public debt is understated

Trade agreement with UAE ready for signing, says CS Mvurya

Trade Cabinet Secretary Salim Mvurya has said the economic partnership agreement between Kenya and the United Arab Emirates (UAE) is expected to boost trade relations.

Trade agreement with UAE ready for signing, says CS Mvurya

Public debt now at Sh10.6tr

External debt payments almost doubled to hit Sh756 billion as the government intensifies efforts to cut its appetite for domestic credit that has squeezed out the private sector.

Public debt now at Sh10.6tr

Why construction sector is vibrant in semi-arid counties

Construction is the most vibrant sub-sector in arid and semi-arid counties according to a recent ranking by the State-led think tank.

Why construction sector is vibrant in semi-arid counties

KRA surpasses monthly target as October revenue hits Sh210b

The taxman has surpassed October revenue targets by Sh6.8 billion with domestic taxes recording a performance of 104.6 per cent.

KRA surpasses monthly target as October revenue hits Sh210b

Developer defends use of Jevanjee Gardens' land as collateral for Sh1.9b loan

Real estate developer Jabavu Village Ltd has explained why it used public land to obtain a Sh1.9 billion loan.

Developer defends use of Jevanjee Gardens' land as collateral for Sh1.9b loan

State in push to grow visibility of MSMEs as market integration gathers pace

The government is working on a platform that would boost SMEs visibility through e-commerce to have them form partnerships to facilitate access to new markets.

State in push to grow visibility of MSMEs as market integration gathers pace

KRA eyes crypto dealers in plan to raise Sh21tn in five years

The Kenya Revenue Authority is targeting to collect Sh60 billion from digital coin traders in the government’s renewed efforts to have Kenyans pay taxes.

KRA eyes crypto dealers in plan to raise Sh21tn in five years

Treasury now mulls review of NSSF Act to ease workers' burden

The government is mulling the revision of the NSSF Act 2013, given some challenges it poses as raised by the private sector.

Treasury now mulls review of NSSF Act to ease workers' burden

Worry as peak power demand vs installed capacity gap shrinks

The increase in power demand was on the back of the connection of 447,251 new customers in the financial year ended June 2024.

Worry as peak power demand vs installed capacity gap shrinks

Irony of low inflation but empty pockets

Kenya’s inflation rate dropped further to 2.7 per cent in October, even as the cost of living continues to skyrocket amidst enhanced taxes imposed by the government.

Irony of low inflation but empty pockets

Kenya Power says it is open to competition amid plan to open market to IPPs

Kenya Power now says it has no qualms with independent power producers selling electricity directly to consumers even as it raises concern about the stability of the country’s supply infrastructure.

Kenya Power says it is open to competition amid plan to open market to IPPs

Banks jittery over depressed demand for detached, commercial units

Depressed demand for detached and semi-detached units has made banks wary of lending to the real estate sector.

Banks jittery over depressed demand for detached, commercial units

Customising financial solutions can help more MSMEs take up credit

The need for customised financial solutions for micro, small, and medium enterprises (MSMEs) has been emphasised as key to increasing the credit flow to businesses and firms.

Customising financial solutions can help more MSMEs take up credit

Kenya Power posts Sh30b net profit in year ended June

Kenya Power attributes the profit to increased electricity consumption by manufacturers.

Kenya Power posts Sh30b net profit in year ended June

CEOs rule out mergers, acquisitions as level of business confidence drops

The prevailing economic volatility has made businesses strike out mergers and acquisitions as one of their survival strategies.

CEOs rule out mergers, acquisitions as level of business confidence drops

Apartment prices in Nairobi drop as oversupply depresses market

Apartments in Nairobi suburbs have recorded a drop in prices over the last 12 months with the latest HassConsult property index showing Riverside having the highest contraction.

Apartment prices in Nairobi drop as oversupply depresses market

Local engineers eye more PPPs as Kenya set for global recognition

The emergence of PPPs for capital-intensive projects and the expected Washington Accord status have led engineers to reposition themselves in the country’s industrialisation journey.

Local engineers eye more PPPs as Kenya set for global recognition

Why utility firms need to embrace 'intelligent' distribution systems

Power industries have three major challenges, the key among them being line losses. Line losses stand at about 40 per cent in Africa.

Why utility firms need to embrace 'intelligent' distribution systems

Kenya Power eyes home internet space in new digitalisation plan

Kenya Power plans to install chips in its smart metres for wireless internet access in homes and business premises as the electricity supplier ventures into the crowded internet service space.

Kenya Power eyes home internet space in new digitalisation plan

Lenders urge law change to raise private sector lending

A new report has recommended new ways for banks to increase corporate lending amid growing worry about the crowding out of the private sector in the domestic credit market.

Lenders urge law change to raise private sector lending

More deductions as KRA plans to tax paybill, till numbers

Senior presidential advisor Moses Kuria says mobile money accounts will become tax registers. This is aimed at boosting revenue collection across the country.

More deductions as KRA plans to tax paybill, till numbers

State eyes Sh100bn from landlords in fresh tax push

The government aims to get Sh83 billion more from landlords in a revamped tax system under works spearheaded by the National Treasury

By 2 months ago

State eyes Sh100bn from landlords in fresh tax push

Why State's huge investments in ICT are yet to pay off

The ICT authority claims that people may be using the internet without the knowledge of how to maximise its potential economically.

By 2 months ago

Why State's huge investments in ICT are yet to pay off

Mbadi blames revenue shortfall on KRA's outdated tax systems

Treasury CS John Mbadi said outdated KRA systems are some of the challenges why the taxman is not collecting revenue commensurate to the size of Kenya’s economy.

By 2 months ago

Mbadi blames revenue shortfall on KRA's outdated tax systems

Agriculture output up 34pc as jobless graduates join sector

Labour output in the agricultural sector has increased by over 30 per cent over the last two decades, which could be linked to unemployment rates in the country.

By 2 months ago

Agriculture output up 34pc as jobless graduates join sector

Mbadi blames revenue shortfalls on KRA's outdated tax systems

The National Treasury and Economic Planning Cabinet Secretary John Mbadi has laid bare the challenges facing revenue collection, saying that some of the taxman’s systems are not working optimally.

By 2 months ago

Mbadi blames revenue shortfalls on KRA's outdated tax systems

Kenya receives final reports from Korea on joint projects worth Sh130b

The government has received the final reports from Korea’s development cooperation agency covering three major projects under Konza Technopolis

By 2 months ago

Kenya receives final reports from Korea on joint projects worth Sh130b

Lenders target NGOs with tailor-made products in wake of new law

Lenders say forward contracts can safeguard NGOs from foreign currency fluctuations in the global market.

By 2 months ago

Lenders target NGOs with tailor-made products in wake of new law

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