Sofia Ali - The Standard

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NEWS & CURRENT AFFAIRS

Digital News

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Sofia Ali

Economist warns Treasury on dangers of eliminating input tax

Economists say eliminating the input VAT offset mechanism could strain cash flows, create uncertainty and impose unnecessary administrative burdens on already struggling businesses.

By Sofia Ali 4 days ago

Economist warns Treasury on dangers of eliminating input tax

Nairobi revs up for three-day global auto showcase

Nairobi revs up for three-day global auto showcase

By Sofia Ali 5 days ago

Tensions between Cotu, employers deepen as FKE is denied chance to address workers

Tensions between Cotu, employers deepen as FKE is denied chance to address workers

By Sofia Ali 29 days ago

Political class blamed for 'lukewarm' financial crimes fight

Political class blamed for 'lukewarm' financial crimes fight

By Sofia Ali 1 month ago

Kenyan businesses urged to tap into lucrative Chinese market

There is vast untapped potential, especially in fresh produce, valueadded agricultural and processed foods, textiles, and leather products.

By Sofia Ali and Emmanuel Kipchumba 1 month ago

Kenyan businesses urged to tap into lucrative Chinese market

New banking sector risk reporting standards unveiled

The banking sector has partnered with accountants to launch a new template that seeks to standardise sustainability and climate-related risk reporting.

By Sofia Ali 1 month ago

New banking sector risk reporting standards unveiled

How solo entrepreneurship hinders the growth of SMEs

The problem with the small and medium enterprise (SMEs) sector, where solo-entrepreneurship thrives, especially among micro enterprises.

By Graham Kajilwa and Sofia Ali 1 month ago

How solo entrepreneurship hinders the growth of SMEs

Financial experts urge Treasury to cut expenditure to tame wage bill

Financial experts pointed out that duplicated roles within government, wastage of resources, and inefficiencies are major areas that need to be considered to reduce government expenditure.

By Sofia Ali 1 month ago

Financial experts urge Treasury to cut expenditure to tame wage bill

Kenyan MSMEs in renewable energy to benefit from Sh500m Swedish investment

AECF Chief Executive Officer Victoria Sabula, who also spoke at the event, emphasised their commitment to helping Kenya achieve 100 per cent access to energy.

By Sofia Ali 1 month ago

Kenyan MSMEs in renewable energy to benefit from Sh500m Swedish investment

Embracing digital trade solutions key to spur trade, EU envoys say

Kenyan traders have been urged to embrace digital trade solutions by integrating artificial intelligence (AI) into their operations to position the country as a regional hub for digital commerce.

By Sofia Ali 1 month ago

Embracing digital trade solutions key to spur trade, EU envoys say

Road users decry poor state of East Gate road

Despite being only two years old, the road has already fallen into disrepair, leaving many people suffering vehicle damage and facing mounting financial losses.

By Sofia Ali 1 month ago

Road users decry poor state of East Gate road

COMESA unveils plan to transform Africa's leather industry

One of the most striking issues discussed at the event was Africa's paradoxical position in the leather industry.

By Sofia Ali 2 months ago

COMESA unveils plan to transform Africa's leather industry

Travel industry players call for policies to strengthen payment systems

Key players in the travel and fintech sectors have urged regulatory bodies including the CBK, KRA, and CAK to refine policies to provide a secure and inclusive digital payment ecosystem.

By Sofia Ali 2 months ago

Travel industry players call for policies to strengthen payment systems

KDC partners with private firm to set up steam plant

Kenya Development Corporation and Timber Treatment International have unveiled a steam plant in Dandora, Nairobi, which will integrate biomass-based steam production, reducing carbon emissions.

By Sofia Ali 2 months ago

KDC partners with private firm to set up steam plant

Safaricom startups drive makes return

Safaricom has opened applications for the second cohort of its Spark Accelerator programme.

By Sofia Ali 2 months ago

Safaricom startups drive makes return

Kuscco to sell off loan book in bid to recover Sh8.8b amid fraud

The new management of Kuscco has offered to sell off its loan book to willing financial institutions as it seeks to recover at least Sh8.8 billion within five years.

By Graham Kajilwa and Sofia Ali 2 months ago

Kuscco to sell off loan book in bid to recover Sh8.8b amid fraud

Old Mutual reports Sh1.3b profit in 2024

Old Mutual Group has announced a Sh1.1 billion increase in its profit after tax for the year 2024.

By Sofia Ali 2 months ago

Old Mutual reports Sh1.3b profit in 2024

Firms partner to deliver 69-vehicle fleet for Vivo Energy

Several companies have come together to deliver a new fleet of 69 vehicles for oil marketer Vivo Energy Kenya, the distributor of Shell products.

By Sofia Ali 2 months ago

Firms partner to deliver 69-vehicle fleet for Vivo Energy

High cost of living threatens Kenyans' retirement security - report

A new report has revealed that most Kenyans are not saving for retirement due to high cost of living.

By Sofia Ali 2 months ago

High cost of living threatens Kenyans' retirement security - report

Stakeholders push for review of Africa's major trade pact

African leaders, traders and stakeholders have called for a review of the African Continental Free Trade Area (AfCFTA) to assess its effectiveness and make adjustments.

By Sofia Ali 2 months ago

Stakeholders push for review of Africa's major trade pact

Nairobi set to host Arabika Coffee Day as country bids to boost sector

The aroma of Kenyan coffee is set to take centre stage at the Arabika Coffee Day 2025 to be held in Nairobi this week.

By Sofia Ali 2 months ago

Nairobi set to host Arabika Coffee Day as country bids to boost sector

The women staking their claim in Kenya's creative sector

Kenya's creative sector is growing rapidly, contributing approximately five per cent to the national Gross Domestic Product (GDP).

By Sofia Ali 2 months ago

The women staking their claim in Kenya's creative sector

Kenyans urged to use social media to combat counterfeits

With counterfeit products on the rise, particularly those sold online, authorities are now urging the public to actively use social media to identify and report fake goods.

By Sofia Ali 2 months ago

Kenyans urged to use social media to combat counterfeits

LPG distributors converge to discuss safety, expansion

Hundreds of Afrigas distributors gathered in Naivasha on Friday for the annual Afrigas Distributors Conference under the theme "Bigger, Bolder, Better Together."

By Sofia Ali 2 months ago

LPG distributors converge to discuss safety, expansion

Kenya Airways expands passenger fleet with acquisition of Boeing 737-800

Kenya Airways has added a Boeing 737-800 aircraft to its fleet, bringing the total number of aircraft to 35.

By Sofia Ali 3 months ago

Kenya Airways expands passenger fleet with acquisition of Boeing 737-800

Industry boss: Local manufacturing has huge potential to boost economic growth

The government has been challenged to support local manufacturers more to spur growth and increase job opportunities.

By Sofia Ali 3 months ago

Industry boss: Local manufacturing has huge potential to boost economic growth

NCBA to mobilise Sh30b as it launches report on SDGs impact

NCBA has committed to mobilising Sh30 billion for green and sustainable financing, planting 10 million trees by 2030, eliminating single-use plastics, by the same year.

By Sofia Ali 3 months ago

NCBA to mobilise Sh30b as it launches report on SDGs impact

Treasury mulls use of donkeys, camels to slash transport costs

The government is exploring the viability of increasing donkeys, camels, electric vehicles, and horses into its fleet as part of an austerity measure to cut costs.

By Benjamin Imende and Sofia Ali 3 months ago

Treasury mulls use of donkeys, camels to slash transport costs

Jobs crisis set to worsen as firms freeze hiring, warns new report

KNCCI report says over 60 per cent of businesses don't plan to expand workforce this year. Government urged to streamline tax system and reconsider rising payroll costs.

By Sofia Ali 3 months ago

Jobs crisis set to worsen as firms freeze hiring, warns new report

Kenyan exporters grapple with EU sustainability rules

Stakeholders in Kenya's export sector have raised concerns over the ripple effects of new European Union (EU) sustainability directives on trade.

By Sofia Ali 3 months ago

Kenyan exporters grapple with EU sustainability rules

Rare cosmic spectacle to be witnessed as six planets align

A rare planetary alignment is set to be witnessed this evening in Kenya as six major planets from the solar system which have been aligning peak in a cosmic formation.

By Sofia Ali 4 months ago

Rare cosmic spectacle to be witnessed as six planets align

Growers' lobby sounds alarm over invasions of large tea estates in Nandi

KTGA have raised concern at the Sitoi Tea Estate owned by EPK after they have suffered up to Sh30 million in monthly losses due to ongoing invasions by over 200 illegal settlers.

By Sofia Ali 4 months ago

Growers' lobby sounds alarm over invasions of large tea estates in Nandi

We'll reform tax system to spur businesses, Lee Kinyanjui says

emphasised the unpredictability of taxation as a major hindrance to business growth, promising to work closely with other government agencies to address the issue.

By Sofia Ali 4 months ago

We'll reform tax system to spur businesses, Lee Kinyanjui says

Rising population, and urbanisation drive demand for affordable housing

Kenya's housing market is facing a significant crisis, driven by rapid urbanisation and population growth.

By Sofia Ali 4 months ago

Rising population, and urbanisation drive demand for affordable housing

Project managers push for law on certification to tackle quacks

Project Managers Institute (PMI) Kenyan Chapter is advocating for a Bill that will make certification mandatory for all project managers in the country.

By Sofia Ali 5 months ago

Project managers push for law on certification to tackle quacks

Majority of Kenyans in poor financial health - survey

The study shows that 81.7 per cent of Kenyans are financially unhealthy, facing challenges in managing daily expenses and investing for the future.

By Sofia Ali 5 months ago

Majority of Kenyans in poor financial health - survey

Positive narrative about Kenya will help boost tourism, says KTB boss

Kenyans have been encouraged to adopt a positive narrative about their country to bolster the tourism sector.

By Sofia Ali 5 months ago

Positive narrative about Kenya will help boost tourism, says KTB boss

Kenya's grey list status a threat to economy, job creation, say CEOs

Increased flow of illicit funds within the country's financial system contributed to Kenya being put on the Financial Action Task Force grey list early this year.

By Sofia Ali 5 months ago

Kenya's grey list status a threat to economy, job creation, say CEOs

Jica-backed training drive aims to improve SME operations

Kenya Institute of Business Training and the Japan International Cooperation Agency (JICA) have partnered to improve the efficiency and sustainability of Kenyan MSMEs through training.

By Sofia Ali 6 months ago

Jica-backed training drive aims to improve SME operations

TVETs to get Sh49 million funding for tech training

Technical and Vocational Education and Training institutions are set to receive a financial boost aimed at bridging the skills gap in the tech sector and prepare graduates for a digital future.

By Sofia Ali 6 months ago

TVETs to get Sh49 million funding for tech training

Firms seek solutions in renewable energy to curb high cost of power

Government officials and business leaders have once again highlighted the pressing issue of high electricity costs and their adverse effects on local industries.

By Sofia Ali 6 months ago

Firms seek solutions in renewable energy to curb high cost of power

Enact policies to regulate contract farming, urge sector players

This model has been particularly successful in sectors like tea production in Kenya, where it has improved yields and market access for farmers.

By Sofia Ali 6 months ago

Enact policies to regulate contract farming, urge sector players

City youth take part in entrepreneurship initiative to raise financial literacy

Hundreds of youths in Nairobi County can now invest and make sound business decisions after undergoing a financial literacy course designed to foster entrepreneurship.

By Sofia Ali 6 months ago

City youth take part in entrepreneurship initiative to raise financial literacy

Solar conference to boost Kenya as renewable energy hub

The Powerelec Kenya 2024 conference will focus on solar energy, renewable solutions, and grid flexibility and will feature an exhibition of cutting-edge technologies.

By Sofia Ali 6 months ago

Solar conference to boost Kenya as renewable energy hub

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