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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Black market to thrive as Ruto tax plan suffers blow

Experts warn that increased taxes on money transfers will push away taxpayers. Bankers say proposed levies would put more financial burden on customers.

By Brian Ngugi 3 months ago

Black market to thrive as Ruto tax plan suffers blow

Ruto visit: Inside fresh US plans to undercut Chinese influence in Kenya

Ruto visit: Inside fresh US plans to undercut Chinese influence in Kenya

By Brian Ngugi 3 months ago

Citi Bank embroiled in contract row with Kenyan firm

Citi Bank embroiled in contract row with Kenyan firm

By Brian Ngugi 3 months ago

New Eco Levy threatens Kenya's green future and jobs, say experts

New Eco Levy threatens Kenya's green future and jobs, say experts

By Brian Ngugi 3 months ago

Banks warn VAT on transactions could damage Kenya's economy

Finance Bill proposes to remove exemptions on transactions and also increase excise duty. Executives say the move will make financial services more expensive and Kenya uncompetitive.

By Brian Ngugi 4 months ago

Banks warn VAT on transactions could damage Kenya's economy

Coop Bank targets expansion after profit soars to Sh6.58bn

Co-op Bank Group Chief Executive Gideon Muriuki said the bank with 195 outlets has managed to strike a healthy balance between investments in brick-and-mortar and staff growth.

By Brian Ngugi 4 months ago

Coop Bank targets expansion after profit soars to Sh6.58bn

Six top bank CEOs take home over Sh787 million annual pay

Equity Group chief executive James Mwangi took home an annual compensation of Sh158.8 million.

By Brian Ngugi 4 months ago

Six top bank CEOs take home over Sh787 million annual pay

Disquiet as some millers flout plastic packaging order

A spot-check shows competitors exploit regulatory loopholes, flooding the market with products packaged in cheap plastics.

By Brian Ngugi 4 months ago

Disquiet as some millers flout plastic packaging order

Indian insurance brokerage giant joins Kenya market

IIRM Kenya will target the local insurance market, long seen as a lucrative opportunity.

By Brian Ngugi 4 months ago

Indian insurance brokerage giant joins Kenya market

Telcos and companies lose millions in under-sea fibre cable cuts

The mess left Internet users countrywide and service providers unconnected for long periods.

By Brian Ngugi 4 months ago

Telcos and companies lose millions in under-sea fibre cable cuts

State seeks legal backing to spy on your M-Pesa, bank accounts

The radical plan is contained in the Finance Bill 2024. KRA has in recent years stepped up the adoption of technology to snoop on tax evaders.

By Brian Ngugi 4 months ago

State seeks legal backing to spy on your M-Pesa, bank accounts

Indian insurance brokerage firm IIRM enters Kenyan market

The new subsidiary, IIRM Kenya, will target the Kenyan insurance market, long seen as a lucrative opportunity.

By Brian Ngugi 4 months ago

Indian insurance brokerage firm IIRM enters Kenyan market

eCitizen targets Sh1b daily from 30 million subscribers

The government is targeting at least Ksh1 billion daily revenue on eCitizen by December by increasing subscribers to its digital services platform to 30 million.

By Brian Ngugi 4 months ago

eCitizen targets Sh1b daily from 30 million subscribers

Climate change could derail EAC economies, central bank bosses warn

Central banks from the East African Community (EAC) bloc are raising the alarm on climate change and its impact on the regional economies.

By Brian Ngugi 4 months ago

Climate change could derail EAC economies, central bank bosses warn

S Sudan Central Bank Governor Rallies East Africans to Invest in Juba

The South Sudanese Banking sector regulator has said the country's economy is open for business and highlighted its potential for foreign investment.

By Brian Ngugi 4 months ago

S Sudan Central Bank Governor Rallies East Africans to Invest in Juba

Co-op Bank lines up billions for women-owned SMEs after German loan deal

Co-operative Bank of Kenya says it has set aside a Sh3.375 billion war chest for affordable loans to small businesses owned by Kenyan women.

By Brian Ngugi 4 months ago

Co-op Bank lines up billions for women-owned SMEs after German loan deal

Forget miraa: Discovery of minerals stirs up Meru locals

An Australian mining company says it has unearthed copper and gold deposits in Meru County, in what could radically change the fortunes of the Miraa growing region.

By Brian Ngugi 4 months ago

Forget miraa: Discovery of minerals stirs up Meru locals

Kenyan retailers ready to pounce as Ethiopia to open up market

Addis has introduced reforms allowing foreign companies to participate in restricted sectors. A population of over 110 million people presents a vast, previously untapped market.

By Brian Ngugi 4 months ago

Kenyan retailers ready to pounce as Ethiopia to open up market

Ruto pushes rich nations to boost funding for poor States

Head of State rooted for Africa-driven socio-economic development, executed with transparency and inclusiveness. Wants IDA contribution increased from Sh12 trillion to Sh16.4 trillion.

By Brian Ngugi 4 months ago

Ruto pushes rich nations to boost funding for poor States

Poultry players protest US import deal plan

Kenyan poultry businesses say the country could lose Sh172 billion a year if the United States starts exporting finished chicken products to Kenya under a proposed new trade deal.

By Brian Ngugi 4 months ago

Poultry players protest US import deal plan

EAC Central Bank Governors meet in Juba as single currency race debate heats up

EAC partner states are in the process of putting in place the requisite institutions to attain a single currency as outlined in the EAC Monetary Union Protocol.

By Brian Ngugi 4 months ago

EAC Central Bank Governors meet in Juba as single currency race debate heats up

Ruto to push for global finance reforms at World Bank meeting

President Ruto is expected to lead African Presidents to showcase how the international financial system is skewed to benefit wealthy countries.

By Brian Ngugi 4 months ago

Ruto to push for global finance reforms at World Bank meeting

SIB partners with CISI to elevate professional standards and enhance financial advisory skills among staff

Standard Investment Bank (SIB) has partnered with the Chartered Institute for Securities & Investment (CISI) to enhance the professional skills of its employees.

By Brian Ngugi 4 months ago

SIB partners with CISI to elevate professional standards and enhance financial advisory skills among staff

Lenders raise interest on loans despite CBK holding key rate

A steep rise in interest rates could see the cost of borrowing cross levels above 30 per cent, last witnessed a decade ago. The regulator earlier this month held the benchmark rate at 13 per cent.

By Brian Ngugi 4 months ago

Lenders raise interest on loans despite CBK holding key rate

Gikomba gold rush: Banks scramble for a slice of Nairobi's street hustle

In a bid to tap into this flourishing business environment, several banks are setting up branches and expanding their presence in the market.

By Brian Ngugi 4 months ago

Gikomba gold rush: Banks scramble for a slice of Nairobi's street hustle

Kingdom Bank opens branch at Gikomba market

The banks aims at capturing the expanding pool of micro, small, and medium enterprises (MSMEs) seeking financial services in Nairobi's bustling trade hub.

By Brian Ngugi 4 months ago

Kingdom Bank opens branch at Gikomba market

AAR Hospital taps ex-MP Shah executive Dr Omina to head clinical services

Dr Omina was until her appointment the Deputy Chief Medical Officer at The Social Service League, Mp Shah Hospital.

By Brian Ngugi 4 months ago

AAR Hospital taps ex-MP Shah executive Dr Omina to head clinical services

UN Tourism ranks East Africa among most open regions for travellers

East Africa has been ranked among the most open sub-regions in the world in terms visa openness as global travel recovers to pre-pandemic levels, a new report by UN Tourism shows.

By Brian Ngugi 4 months ago

UN Tourism ranks East Africa among most open regions for travellers

Competition Authority slams Royal Mabati amid mounting consumer complaints

Royal Mabati Ltd, was yet again in the crosshairs of CAK for another year in 2023 over complaints from customers for failing to deliver products as per agreed terms.

By Brian Ngugi 4 months ago

Competition Authority slams Royal Mabati amid mounting consumer complaints

Harambee Sacco eyes Sh4bn in member's capital expansion share drive

Harambee DT Sacco has launched an ambitious share drive to generate revenue which will injected to finance the growth and expansion of the society in line with its strategic plan.

By Brian Ngugi 4 months ago

Harambee Sacco eyes Sh4bn in member's capital expansion share drive

End of an era: Hilton finally up for sale, taking with it nostalgic city memories

International Hotels (Kenya) Ltd, owns the iconic former Hilton Hotel.

By Brian Ngugi 4 months ago

End of an era: Hilton finally up for sale, taking with it nostalgic city memories

Nigeria says wanted crypto boss Arjarwalla is holed up in Kenya

Nadeem Arjarwalla, a British-Kenyan, was earlier detained in connection with an ongoing criminal investigation into Binance's activities in Nigeria, according to a Reuters News Agency report.

By Brian Ngugi 5 months ago

Nigeria says wanted crypto boss Arjarwalla is holed up in Kenya

Kenyan firms gear up for Africa's largest trade fair in Algeria

Kenyan firms will vie for multibillion-shilling deals at Africa's biggest trade fair to be held in Algeria in September next year.

By Brian Ngugi 5 months ago

Kenyan firms gear up for Africa's largest trade fair in Algeria

Locked out: Survey shows Kenyan women struggle to access loans

Findings highlight need for financial sector including the banking regulator to address gender bias.

By Brian Ngugi 5 months ago

Locked out: Survey shows Kenyan women struggle to access loans

Africa and Caribbean nations to deepen trade ties at summit

The IMF predicts seven African nations and one from CARICOM (Caribbean Community) will be among the world's ten fastest-growing economies.

By Brian Ngugi 5 months ago

Africa and Caribbean nations to deepen trade ties at summit

Africa and Caribbean Nations set to deepen trade ties at Bahamas summit

African and Caribbean countries are poised to forge stronger trade ties at a landmark meeting in The Bahamas.

By Brian Ngugi 5 months ago

Africa and Caribbean Nations set to deepen trade ties at Bahamas summit

Women face discrimination in accessing loans, new survey shows

A new survey has found that women perceive a slightly higher level of gender bias than men while accessing financial services in Kenya.

By Brian Ngugi 5 months ago

Women face discrimination in accessing loans, new survey shows

US vaccine giant Moderna 'suspends' plans to build Sh65b plant in Kenya

Moderna Inc inked a deal in 2022 with the Kenyan government to invest billions of shillings in a facility that would produce up to 500 million vaccine shots a year.

By Brian Ngugi 5 months ago

US vaccine giant Moderna 'suspends' plans to build Sh65b plant in Kenya

Naivasha traders call on state intervention following months of blackouts

Naivasha residents have petitioned Energy Cabinet Secretary Davis Chirchir and Kenya Power CEO Dr Joseph Siror to address frequent power blackouts in the area.

By Brian Ngugi 5 months ago

Naivasha traders call on state intervention following months of blackouts

Major boost for Kenyan flower farmers as UK suspends export tariffs

Following the move, unlimited quantities of flowers can now be exported to the UK at 0% tariff, even if they transit via a third country.

By Brian Ngugi 5 months ago

Major boost for Kenyan flower farmers as UK suspends export tariffs

AAR Hospital feted with healthcare award

The Quality Healthcare Kenyan Awards (QHKA) seek to honour excellence and innovation in health for quality, people-centered care.

By Brian Ngugi 5 months ago

AAR Hospital feted with healthcare award

Orwoba wants Assets agency management to step aside over staff 'victimisation'

Orwoba said action should be taken against the two officials after they allegedly sacked two managers who leaked internal information.

By Brian Ngugi 5 months ago

Orwoba wants Assets agency management to step aside over staff 'victimisation'

CBK's fresh bid to raise core capital puts small lenders, investors on edge

The banking regulator, the Central Bank of Kenya (CBK), has proposed a significant increase in capital requirements for commercial banks.

By Brian Ngugi 5 months ago

CBK's fresh bid to raise core capital puts small lenders, investors on edge

Manufacturers shun railway over cost, flexibility concerns

The study, published recently by the manufacturers' lobby says trucking is still preferred due to various reasons including cost, flexibility, and limitations of the SGR.

By Brian Ngugi 5 months ago

Manufacturers shun railway over cost, flexibility concerns

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