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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Hopes for jobs dim as Kenya's economy now faces slowdown

Kenya’s economic outlook has darkened significantly, with the Central Bank of Kenya revising its growth projections for 2024 down to 5.1 per cent from 5.4 per cent.

Hopes for jobs dim as Kenya's economy now faces slowdown

Lenders freeze loans as CBK cuts benchmark rate

Lenders freeze loans as CBK cuts benchmark rate

William Ruto hit by perfect economic storm

William Ruto hit by perfect economic storm

Cancer Awareness: AAR Hospital cuts screening cost for breast cancer awareness month

Cancer Awareness: AAR Hospital cuts screening cost for breast cancer awareness month

Mudavadi: We have engaged IMF to probe graft in government

The government has launched a fresh corruption audit across all ministries and departments to unlock stalled billions of shillings from the International Monetary Fund.

Mudavadi: We have engaged IMF to probe graft in government

Cooperative Bank seeks to strengthen ties with NGOs

Co-operative Bank of Kenya has announced plans to deepen its partnership with public benefit organizations in order to support their efforts to transform communities.

Cooperative Bank seeks to strengthen ties with NGOs

KRA warns low tax morale, job cuts to affect revenue collection

KRA has raised alarm over low tax morale and high unemployment in the country, citing these factors as significant barriers to meeting its revenue targets.

KRA warns low tax morale, job cuts to affect revenue collection

Competition watchdog fines Mogo Sh10m for consumer breaches

Mogo Auto was found culpable of misleading borrowers about the terms of loans, leading to exorbitant interest charges.

Competition watchdog fines Mogo Sh10m for consumer breaches

Corruption delays release of IMF funds, fact-finding mission reveals

The fund had reiterated its commitment to assist Kenya in implementing policy reforms. Despite discussions, no new funding was announced following Nairobi meetings.

Corruption delays release of IMF funds, fact-finding mission reveals

Record fall in business morale deepens concern about economy

The private sector is facing increasing headwinds, with a record decline in business morale, raising concerns about the country’s economic outlook.

Record fall in business morale deepens concern about economy

Job prospects for Gen Z dim as Kenyan economy slows in Q2

Kenya’s economic growth slowed down in the second quarter of 2024, raising concerns about the country’s ability to create jobs for the restive youthful population

Job prospects for Gen Z dim as Kenyan economy slows in Q2

Farmers see GMO link in new proposed agricultural laws

Recently, farmers gained temporary relief when the National Assembly rejected the Mung Bean Bill, 2022 at the second reading stage.

Farmers see GMO link in new proposed agricultural laws

Treasury ruffled by KRA's bid to retain 2pc of total tax revenue

KRA believes this proposal could provide a crucial lifeline for enhancing operational efficiency and meeting the ambitious goals set by the Kenya Kwanza administration.

Treasury ruffled by KRA's bid to retain 2pc of total tax revenue

KRA seeks to retain two per cent of total tax revenue collections

KRA believes this proposal could provide a crucial lifeline for enhancing operational efficiency and meeting the ambitious goals set by the Ruto administration.

KRA seeks to retain two per cent of total tax revenue collections

Centum Re hands over sold-out Sh1bn luxury apartments

Centum Real Estate has officially handed over luxury apartments from phase 2 of the Loft Residences at the Two Rivers commercial and residential complex.

Centum Re hands over sold-out Sh1bn luxury apartments

Small lenders lead in race for cheap loans

From the report published on Friday, small-sized lenders Premier Bank, Access Bank and Consolidated Bank of Kenya lead the pack in the overall ranking of Kenya’s cheapest lenders.

Small lenders lead in race for cheap loans

Race to pick second CBK deputy intensifies as six shortlisted

The race to appoint the next deputy governor of the Central Bank of Kenya is heating up, following Public Service Commission’s announcement of shortlisted candidates

Race to pick second CBK deputy intensifies as six shortlisted

Tax hikes and new rules to push agriculture to the brink

Agricultural experts have now cautioned that proposed taxes and new regulations could threaten smallholder farmers viability and Kenya’s food security.

Tax hikes and new rules to push agriculture to the brink

Boost for local firms as Nairobi bourse joins UK flagship scheme

The Nairobi Securities Exchange (NSE) has announced a new partnership with the UK government’s programme MOBILIST.

Boost for local firms as Nairobi bourse joins UK flagship scheme

Banks rush to comply with CBK rule on spying customer deals

Regulations require enhanced monitoring of customer transactions and reporting of any suspicious activity.

Banks rush to comply with CBK rule on spying customer deals

Fresh test for Ruto as IMF urges new tax policies to unlock loans

The International Monetary Fund has called on the Kenya Kwanza administration to develop new tax policies to unlock billions of dollars in loans.

Fresh test for Ruto as IMF urges new tax policies to unlock loans

Ruto faces fresh test as IMF calls for new tax policies to unlock loans

The fresh call comes in the wake of recent turmoil, including widespread protests led by Gen Z activists against IMF-backed tax measures that resulted in dozens being killed by police.

Ruto faces fresh test as IMF calls for new tax policies to unlock loans

State House spokesman says Ruto's Berlin visit eyes 250,000 new diaspora jobs

A key highlight of Ruto's visit will be the signing of the "Comprehensive Migration and Mobility Partnership" agreement.

State House spokesman says Ruto's Berlin visit eyes 250,000 new diaspora jobs

IMF acid test for Mbadi's plan to cut taxes in the next budget

Mbadi has proposed reducing VAT from 16% to 14% and corporation tax from 30% to 25% but experts say it will be a delicate balancing act in the face of IMF's prescribed path.

IMF acid test for Mbadi's plan to cut taxes in the next budget

Eyes on banks to cut loan rates as Equity leads the way

Pressure is mounting on commercial banks to reduce loan rates following a recent cut in the Central Bank Rate (CBR), Equity Bank among the first to respond.

Eyes on banks to cut loan rates as Equity leads the way

122 benefit from AAR's free diabetes screening clinic

The screening included free consultations with diabetes specialists, blood pressure checks, blood sugar testing, foot evaluations, and hearing tests.

122 benefit from AAR's free diabetes screening clinic

Banks with the priciest, cheapest loans revealed in analysis

CBK data reveals a competitive landscape among Tier-I banks, particularly regarding long-term loan offerings, with interest rates generally ranging between 13-18 per cent.

Banks with the priciest, cheapest loans revealed in analysis

Kenya to enact strict food safety laws amid growing concerns

The government has drafted the Food and Feed Safety Control Coordination Bill that seeks to create a clear framework for regulatory control.

Kenya to enact strict food safety laws amid growing concerns

Borrowers spoilt for choice as CBK report shows lending rates

Recent survey projected banks could increase lending activities due to higher liquidity.

Borrowers spoilt for choice as CBK report shows lending rates

Kenya risks American wrath if it blocks Musk's Starlink entry

Kenya risks incurring the wrath of the American government by attempting to block Elon Musk’s Starlink satellite internet service from expanding in the Kenyan market.

Kenya risks American wrath if it blocks Musk's Starlink entry

Debt headache for Ruto amid credit downgrade

President William Ruto’s administration is now facing a fresh headache in the form of higher borrowing costs after a third global rating agency downgraded Kenya’s credit rating.

Debt headache for Ruto amid credit downgrade

NCBA proposes Sh2.25 dividend as profit hits Sh9.8b

NCBA Group posted a five per cent jump in profit after tax of Sh9.8 billion in the first half of the year on higher income.

NCBA proposes Sh2.25 dividend as profit hits Sh9.8b

NSE bond market crosses Sh1 trillion mark for first time

The NSE bond market has reached a milestone, crossing the Sh1 trillion mark in cumulative turnover for the first time in the history of the Exchange.

NSE bond market crosses Sh1 trillion mark for first time

CBK defends Sh15bn secret currency printing tender to German firm

The Central Bank has defended secretly awarding a Sh15 billion ($109.42 million) tender to a German company to print new currency notes, saying the process was above board.

CBK defends Sh15bn secret currency printing tender to German firm

KRA turns to AI to catch tax cheats

KRA plans to roll out a new Artificial Intelligence-powered system to seal loopholes in tax collection amid pressure to meet higher collection targets to plug an ever-widening budget deficit.

KRA turns to AI to catch tax cheats

Mounting Sacco woes turn spotlight on industry regulator

Recent controversies at Kenya Police Sacco and National Metropolitan Sacco highlight growing concerns about the future of key sector.

Mounting Sacco woes turn spotlight on industry regulator

Madison Investment partners with CISI to boost client services

Madison Investment Managers Limited has partnered with CISI to enhance the knowledge and skills of its staff in capital markets products and services.

Madison Investment partners with CISI to boost client services

Major boost for Nairobi bourse as listed firms join key global indices

Move is seen as a reflection of the success of the structural market reforms that have positively impacted Kenya's equity market.

Major boost for Nairobi bourse as listed firms join key global indices

Co-op Bank lauds Morgan Stanley listing as Profit hits Sh13bn

Co-op Bank has welcomed the listing of its stock by the New York-based Morgan Stanley index as it posted a 7 per cent jump in net earnings to Sh13 billion for the first six months of the year.

Co-op Bank lauds Morgan Stanley listing as Profit hits Sh13bn

Trouble rocks giant police Sacco amid governance concerns

The Kenya Police Sacco is facing growing discontent among its members, who are demanding the resignation of the organization's top officials over allegations of mismanagement.

Trouble rocks giant police Sacco amid governance concerns

Equity Bank expands insurance offerings as profit rises to Sh29b

The insurance subsidiary reported a 27 per cent rise in revenue to Sh1.03 billion, underscoring the bank’s ambitions in the sector.

Equity Bank expands insurance offerings as profit rises to Sh29b

How taxpayers lost billions in edible oils scandal

The report says the government spent Sh14.45 billion to import over 2.8 million 20-litre jerrycans of edible oils out of which only Sh12.05 billion was paid.

How taxpayers lost billions in edible oils scandal

4,459 Kenyans seek greener pastures in US

The number of Kenyans migrating to the US under the green card initiative is set to rise this year amid a worsening economic crisis that has resulted in diminishing job opportunities.

4,459 Kenyans seek greener pastures in US

State tipped on tackling ticking Gen Z 'time bomb'

The government has been urged to urgently foster an enabling environment for digital innovation and entrepreneurship among the youth, popularly known as Gen Zs.

State tipped on tackling ticking Gen Z 'time bomb'

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