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Settle pending bills, employers tell State as thousands laid off
FKE wants the government to adopt a stable and predictable tax regime to foster business planning saying 5,567 Kenyans have been declared redundant over the past three years.
By Brian Ngugi and Esther Dianah 26 days ago
Settle pending bills, employers tell State as thousands laid off
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Inside Ruto's IMF-backed restructuring of State firms
The government insists that the restructuring is necessary to save money and improve efficiency in the public sector.
By Brian Ngugi 28 days ago
Inside Ruto's IMF-backed restructuring of State firms
Tough economy cools Kenyans' huge appetite for buying land
The Hass Land Price Index for the fourth quarter of 2024 reveals a significant slowdown in land price growth, particularly in Nairobi's satellite towns.
By Brian Ngugi 29 days ago
Tough economy cools Kenyans' huge appetite for buying land
Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure
Ambassador Jane Makori emphasized the deepening of the strategic partnership between East Africa's largest economy and the world's second-largest economy after
By Brian Ngugi 29 days ago
Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure
AAR introduces newborn ENT tests to improve early detection of hearing loss
AAR Hospital has introduced a new range of ear, nose, and throat (ENT) tests for newborns, aiming to improve early detection of hearing complications and other related conditions.
By Brian Ngugi 29 days ago
AAR introduces newborn ENT tests to improve early detection of hearing loss
Cabinet dissolves nine state corporations, approves merger of 42
Ruto has announced mega plans to dissolve 9 state corporations and merge 42 others as part of a sweeping reform program aimed reducing the government's wage bill.
By Brian Ngugi 29 days ago
Cabinet dissolves nine state corporations, approves merger of 42
TransCentury bounces back with Sh375m half-year profit
It marks a major turnaround for the investment firm from a loss of Sh1.66 billion in the half-year period a year earlier. This was on the back of a strong performance.
By Brian Ngugi 29 days ago
TransCentury bounces back with Sh375m half-year profit
CBK fast-tracks new mobile payment system to rival M-Pesa
The system will enable seamless interoperability between all retail payment services offered by both banks and non-bank providers.
By Brian Ngugi 30 days ago
CBK fast-tracks new mobile payment system to rival M-Pesa
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CMC exit: Is Kenya turning into a graveyard for industries?
The announcement that CMC Motors Group will be shutting down has rekindled concerns about the state of Kenya's business environment.
By Brian Ngugi 30 days ago
CMC exit: Is Kenya turning into a graveyard for industries?
Afreximbank receives top rating from China, boosting African development
CCXI recognises Afreximbank's strategic relevance to the (African) continent and its ability to execute on its strategic goals and mandate
By Brian Ngugi 30 days ago
Afreximbank receives top rating from China, boosting African development
Kenya, China eye strong ties with focus on SGR extension
China has reaffirmed its commitment to supporting Kenya's development ambitions, pledging continued cooperation across key sectors.
By Brian Ngugi 1 month ago
Kenya, China eye strong ties with focus on SGR extension
China and Kenya China pledge to deepen cultural exchanges, strengthen ties
Kenya and China have reaffirmed their commitment to deepening cultural exchanges and strengthening bilateral ties, as evidenced by the recent joint celebration of the Chinese New Year in Nairobi.
By Brian Ngugi 1 month ago
China and Kenya China pledge to deepen cultural exchanges, strengthen ties
Kenya-UAE deal could be a catalyst for job creation and an economic booster
Pact seeks to eliminate trade barriers, improve market access and increase investment flows. Key sectors that will benefit significantly include agriculture, tourism and technology traders.
By Brian Ngugi 1 month ago
Kenya-UAE deal could be a catalyst for job creation and an economic booster
End of the road for CMC Motors as auto dealer to close shop
After four decades as a powerhouse of East Africa's agricultural and automotive sectors, CMC Motors Group is shutting down operations in Kenya, Tanzania, and Uganda.
By Brian Ngugi 1 month ago
End of the road for CMC Motors as auto dealer to close shop
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State eyes more Eurobonds to ease Sh10tr debt
The Kenya Kwanza government is considering issuing Eurobonds to manage and ease its maturing debt burden, according to newly published Budget documents.
By Brian Ngugi 1 month ago
State eyes more Eurobonds to ease Sh10tr debt
Can UAE deal make Kenya Dubai of Africa?
The recent signing of a comprehensive economic partnership agreement between Kenya and the UAE heralds a significant shift in economic relations.
By Brian Ngugi 1 month ago
Can UAE deal make Kenya Dubai of Africa?
New sugar levy leaves bitter taste for households as prices to go up
Kenyan households are bracing for an increase in sugar prices as a new levy, instituted under the recently passed Sugar Act, takes effect on February 1.
By Brian Ngugi 1 month ago
New sugar levy leaves bitter taste for households as prices to go up
Ruto now turns to UAE to grow jobs, economy with new trade deal
Kenya and the United Arab Emirates (UAE) signed a Comprehensive Economic Partnership Agreement (CEPA) on Tuesday aimed at boosting trade, investments and creating jobs.
By Brian Ngugi 1 month ago
Ruto now turns to UAE to grow jobs, economy with new trade deal
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Majority of Kenyans project a tough future for their children
They attribute the projection to poor economic conditions in the Pew Research Centre survey.
By Brian Ngugi 1 month ago
Majority of Kenyans project a tough future for their children
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China Square's Sh1b expansion war chest rattles retail outlets
The firm's low-cost strategy has drawn the attention and concern of competitors. chain's aggressive pricing could disrupt established market dynamics.
By Brian Ngugi 1 month ago
China Square's Sh1b expansion war chest rattles retail outlets
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CBK faces litmus test in fresh multi-billion-coin minting tender
CBK came under the spotlight for the Sh15 billion new banknotes deal awarded to a German firm. Auditor General Gathungu cited a lack of competitive bidding in the previous tender.
By Brian Ngugi 1 month ago
CBK faces litmus test in fresh multi-billion-coin minting tender
Kenya tops African venture funding in 2024 with Sh82b
Kenya has cemented its position as the leading destination for venture funding in Africa, attracting $638 million (Sh82.3 billion) in 2024, according to a report by Africa the Big Deal.
By Brian Ngugi 1 month ago
Kenya tops African venture funding in 2024 with Sh82b
Kenya to legalise cryptocurrencies, says Treasury Cabinet Secretary
Kenya is preparing legislation to legalice cryptocurrencies, the Treasury Cabinet Secretary John Mbadi, said on Friday, marking a significant shift in the government's stance.
By Brian Ngugi 1 month ago
Kenya to legalise cryptocurrencies, says Treasury Cabinet Secretary
KenGen to ramp up geothermal output with Hell's Gate project
State-owned power producer is currently conducting an environmental impact assessment in the protected area.
By Brian Ngugi 1 month ago
KenGen to ramp up geothermal output with Hell's Gate project
New Year pain for consumers as fresh round of taxes kick in
Kenyans are bracing for a fresh wave of economic hardship as a raft of new taxes, introduced under the Finance Act, 2024 came into effect.
By Brian Ngugi 1 month ago
New Year pain for consumers as fresh round of taxes kick in
CMA warns listed firms over neglect of minority shareholders
The Capital Markets Authority has warned listed companies against failing to adequately protect the rights of minority shareholders.
By Brian Ngugi 1 month ago
CMA warns listed firms over neglect of minority shareholders
Treasury tightens screws on State corporations in fresh revenue hunt
The cash-strapped administration of President Ruto has issued a stern directive to State corporations, demanding increased revenue generation and stricter financial discipline.
By Brian Ngugi 1 month ago
Treasury tightens screws on State corporations in fresh revenue hunt
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Report slams Parliament for weak oversight as debt chokes taxpayers
A damning report by AfriCOG accuses Parliament of failing to fulfill its constitutional duty regarding government borrowing, leading to a ballooning national debt and a future burden on taxpayers.
By Brian Ngugi 1 month ago
Report slams Parliament for weak oversight as debt chokes taxpayers
State hopes for better fortunes in the new year after turbulent 2024
Central Bank Rate, which signals banks to lower lending rates was reduced to 11.25 per cent in December from 12 per cent.
By Brian Ngugi 1 month ago
State hopes for better fortunes in the new year after turbulent 2024
High food prices dampen new year holiday spirit as living cost rises
Retailers, including major supermarkets, have implemented price hikes on essential commodities over the past month.This is as cost of living index in Kenya has climbed from 2.8% to 3.0% in December.
By Brian Ngugi 1 month ago
High food prices dampen new year holiday spirit as living cost rises
Kenya's top CEOs outlook for 2025
As Kenyans bid farewell to a year that offered mixed fortunes for corporates and consumers alike, the outlook for 2025 remains a topic of much anticipation.
By Brian Ngugi 1 month ago
Kenya's top CEOs outlook for 2025
KRA issues amnesty to Kenyans burdened by interest, penalties
The Kenya Revenue Authority (KRA) has announced a new tax amnesty programme aimed at providing relief to taxpayers burdened by interest and penalties on outstanding tax debts.
By Brian Ngugi 1 month ago
KRA issues amnesty to Kenyans burdened by interest, penalties
Job loss fears as Mbadi orders cost-cutting in State agencies
Job loss fears across various state corporations in Kenya are mounting following a new directive from the National Treasury aimed at rationalizing costs and reducing reliance on government funding.
By Brian Ngugi 1 month ago
Job loss fears as Mbadi orders cost-cutting in State agencies
Tanzania firm now eyes other sectors after Bamburi acquisition
Amson Group has announced plans to diversify its operations beyond cement in Kenya after completing its acquisition of Bamburi Cement Plc.
By Brian Ngugi 1 month ago
Tanzania firm now eyes other sectors after Bamburi acquisition
Survey: Youth still face financial exclusion despite sector reforms
The primary barriers cited include a lack of mobile phones and national IDs which hinder their access to digital banking services.
By Brian Ngugi 2 months ago
Survey: Youth still face financial exclusion despite sector reforms
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Businesses seek Christmas boom amid the gloom
Businesses have intensified efforts to woo customers with a wide range of attractive offers featuring drastic price cuts on various goods and services.
By Brian Ngugi 2 months ago
Businesses seek Christmas boom amid the gloom
IMF boss calls for reforms to combat graft
The International Monetary Fund (IMF) has asked the Kenya Kwanza administration to address corruption and strengthen public trust in government institutions.
By Brian Ngugi 2 months ago
IMF boss calls for reforms to combat graft
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Job loss fears as CEOs project gloomy outlook for businesses
Kenyan businesses are bracing for a challenging year ahead, as CEOs project subdued growth and potential job losses, driven by various economic pressures.
By Brian Ngugi 2 months ago
Job loss fears as CEOs project gloomy outlook for businesses
African Cities urged to strengthen financial planning for sustainable development
An expert meeting in Nairobi has underscored the importance of robust financial planning for African cities, particularly in light of rapid urbanisation and increasing demands on public services.
By Brian Ngugi 2 months ago
African Cities urged to strengthen financial planning for sustainable development
How Ruto's new tax laws were quietly passed
Amendments seek to address fiscal deficit by broadening the tax base and compliance.While some proposals raise concerns, others offer relief to employees and employers.
By Brian Ngugi and Josphat Thiongo 2 months ago
How Ruto's new tax laws were quietly passed