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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Commodity prices to increase as KPA reviews tariffs

Higher port fees would likely translate to increased import costs, which could then be passed on to consumers through higher prices for goods on store shelves.

By Brian Ngugi 3 months ago

Commodity prices to increase as KPA reviews tariffs

From Mukuru slums to global success: How Dennis Maina built digital marketing firm

From Mukuru slums to global success: How Dennis Maina built digital marketing firm

By Brian Ngugi 3 months ago

Kenya credit rating upgrade set to boost Treasury debt strategy

Kenya credit rating upgrade set to boost Treasury debt strategy

By Brian Ngugi 3 months ago

Moody's credit rating upgrade to boost Kenya's debt strategy

Moody's credit rating upgrade to boost Kenya's debt strategy

By Brian Ngugi 3 months ago

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 3 months ago

Settle pending bills, employers tell State as thousands laid off

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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months ago

CBK fast-tracks new mobile payment system to rival M-Pesa

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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months ago

End of the road for CMC Motors as auto dealer to close shop

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 3 months 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 3 months 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 3 months 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 3 months ago

Ruto now turns to UAE to grow jobs, economy with new trade deal

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 3 months ago

Majority of Kenyans project a tough future for their children

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 3 months ago

China Square's Sh1b expansion war chest rattles retail outlets

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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 3 months 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 4 months ago

Treasury tightens screws on State corporations in fresh revenue hunt

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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months ago

Survey: Youth still face financial exclusion despite sector reforms

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 4 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 4 months ago

IMF boss calls for reforms to combat graft

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 4 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 4 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 4 months ago

How Ruto's new tax laws were quietly passed

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