- The lobby says the proposal could have negative consequences on the country's growing digital economy. CAK currently reviewing public comments on the draft bill.
- In a functioning democracy, the passage of a Finance Bill is a critical step in ensuring that a country's budget and fiscal policies are effectively implemented.
- The latest audit of the taxman's books of account reveals glaring discrepancies in collections and outstanding refund claims with an under-declaration of revenues amounting to Sh490 billion.
- The bank has issued a wines and spirits tender for its Kenya School of Monetary Studies. Questions abound over the necessity of lavish purchases in the current economic climate.
- Five years down the line, there is almost not much of a tale to tell when numbers are put into perspective. When mortgage loan accounts for 2019 and 2022 are juxtaposed, it's a drop.
- A customer experience survey across Kenya's banking sector has found that customers prioritize excellent service over cost considerations when selecting their preferred banking channels.
- Farmers in Meru have raised the alarm over rising cases of coffee theft in the region. They believe an organised gang is behind the spate of attacks that have left several factory guards dead.
- Real estate firm Finsco Africa has urged developers to tap into the international market to access long-term capital, which is critical for rolling out affordable housing.
- Amsons has issued a notice of intention to launch a public takeover offer to acquire up to 100 per cent of Bamburi's shares at 65 Kenyan shillings per share.
- Recent anti-tax protests have highlighted the fragile state of Kenya's finances, but a closer look reveals that the problem is not a lack of money but rather a colossal mismanagement of it.
- Access to adequate housing is not just a matter of shelter, but a fundamental human right that is essential for the realisation of other rights and for living a life of dignity.
- The businessman says the taxman was imposing taxes as per the rate of 2023 instead of 2022, and argues that his company and another one in Mauritius are two separate entities.
- The pension funds, encompassing the LAPTRUST, CPF and CPF Individual Pension Plan have posted a mixed record marked by sustained growth and resilient performance.
- In a world where profit dictates if and what kind of business one starts, social entrepreneurs flip the equation by looking at impact. If it is not impactful, then it does not make sense.
- Safaricom found itself in a tight spot over reports of internet throttling when users across the country experienced outages and slow connections for hours during the protests.
- Treasury's decision to prequalify external legal firms to support its PPP programme has come under scrutiny, given the mandate of the AG to advise the govt on legal matters.
- Coffee farmers pocketed Sh18.6 billion from selling 507,878 bags of coffee through the Nairobi Coffee Exchange online trading platform between October 1, 2023 and June 21, 2024.
- Kenya's top bank CEOs are aggressively scooping up additional shares, effectively putting their money where their mouth is as they tighten their grip on the country's tier-one lenders.
- Hybrid cars are gaining popularity in Africa due to their ability to cover long distances, making them suitable for countries with limited charging infrastructure.
- Vice is a major barrier for American businesses looking to expand their footprint in the Kenyan market as firms say they find it difficult to compete with companies willing to ignore legal standards.
- In a move to offset stagnating revenues from traditional voice and SMS services, Safaricom is seeking to expand its enterprise software offerings through strategic partnerships.
- LSK said an order to establish a taskforce to audit the country's public is debt unconstitutional. It resolved that neither the LSK president or members will participate in the taskforce.
- Although AI is going to make the biggest impact in businesses and individual lives, sustainability and power-hungry issues among other bumps on the road toward full realization.
- The type and diversity of seeds available will also determine the diversity of food available on our plates and ultimately our diets and health status. "We are what we eat".
- Kenya's cement consumption declined sharply in the first quarter of 2024, stoking concerns about the health of the country's construction sector and broader economy.
- This pioneering initiative brings together top communications and marketing experts and leaders from across the world to arm tourism and destination management organizations.
- The livestock sub-sector contributes over 90 per cent of agricultural gas emissions into the atmosphere which if addressed will help mitigate the global temperature increase.
- Muriuki is the second largest shareholder in the bank with 117.5 million shares after Co-op Holdings Cooperative Society Limited which has a 64.56 per cent stake in the lender.
- Social media analysts emphasize that the future success of Threads in the country hinges on several factors, including the introduction of monetization options for influencers
- Analysts have long feared that the virtual AGMs risk excluding participants who might be unfamiliar with the required technology, such as older retail shareholders.
- Prime Minister Barre said the event provides an opportunity to showcase its marine resources potential and identify opportunities in addressing challenges within the fisheries sector
