- Gitau Mungai joined the Board of Family Bank Limited in 2016 and has been serving as the Vice Chair.
- The performance was boosted by a rise in interest income which grew by 38% to Sh8.39 billion.
- A total of 12 startups across the continent have been shortlisted for the funding
- High cost of borrowing affecting business expansion and operations.
- These are mainly Motor Vehicle Tax, eTIMS penalty and Withholding VAT.
- This is in a deal with the U.S. Development Finance Corporation.
- From the beginning of adoption of trust law in Kenya, individual trustees of the scheme had reduced from 15 to nine
- The country is courting Rwanda for more exports after after Uganda opted to import its own.
- African startups fell by around 27 percent in 2023, while the number of investors dropped by half.
- In its proposals the taxman says Sh57 billion allocation will be required to meet its goals.
- The CEO, Daniel Kamau, has been picked as his alternate representative
- Prior to joining Jubilee, he was the General Manager, Commercial and Operations at ICEA LION Life.
- The lender's Q1 results show net profits almost doubled to Sh16.5 billion from Sh9.8 billion in Q1 of 2022.
- Kenya had the least number of investment commitments as well as the privately funded projects
- The journey will cover 55 minutes each way.
- Last year alone, Kenya exported copper waste and scrap worth Sh6.7 billion.
- The journey will cover 55 minutes each way.
- The BNPL Gross Merchandise Value in the Kenya is expected to increase to rise to Sh250.8billion by 2028.
- Knight Frank reveals coastal homes at 400%+ spread in prices, by location.
- The funding was announced during President William Ruto’s four-day visit to the US
- The amount dropped to Sh15 billion in Q3 from Sh17b in Q1 2023-24
- Kenyan Forex traders find themselves at an interesting crossroad at the moment.
- Engen and Vivo Energy combination expected to shake African market.
- The funds will be part of the addition of Sh7.25 billion the department is asking from Exchequer
- So far the country has successfully reduced its budget deficit to 4.4 percent.
- Kenya Power last month announced a 13.7 per cent drop.
- This year’s ranking is an improvement from the ninth place in 2022.
- Notably, the unemployment segment lacks close to Sh75.5 billion (0.5% of GDP)
- The AFSH Summit endorsed a 10-year action plan for Fertilizer and Soil Health.
- Currently, in case a wife fails to remit income tax, the man shoulders the responsibility
- Employees will also be informed about important payroll deadlines.
- This was 39% increase compared to a similar period the previous year.
- Immigration department issued 404,028 passports in 2023
- Hunger and Safety Net Programme expected to increase to Sh4.2 billion this financial year.
- The average monthly salary for state workers stood at Sh52,158
- Money transferred between subscribers increased to Sh5.5 trillion in 2023.
- It will also cut carbon dioxide emissions by more than 30%.
- Launched in June 2023, the program is aimed at uplifting the digital economy in Africa.
- Nairobi imported goods worth Sh2.6 trillion.
- It reduced greenhouse gas emissions by 28%.
- WATU Credit said it has contributed over Sh5 billion in taxes to the KRA since entering Kenya.
- Since its inception in 2015, the Startupper Challenge has rewarded 365 winners
- The social contract that put the Kenya Kwanza government in power is under threat.
- Says imposition will notably increase the cost of motor insurance.
- Taxes will consume at least 55 per cent of the total value of the vehicle
- Finch Hattons is a family-owned luxury tented safari camp, owned by Gehlot family.
- It has invested about Sh262 million that has helped nearly double the amount of plastic collected and recycled in Kenya over the past ten years
- The collective investment scheme comprises 10 sub-funds
- Experts says a domestic cover would have helped to recover from flood effects
- Also driven by sustained activities in construction, transport, agriculture and manufacturing.
