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Consumers face more pain as KRA inflation tax sets in today
This will further hurt consumers who are already strained by the high cost of living. Experts warn that the move is counterproductive and will slow down the economy.
By Brian Ngugi 2 days ago
Consumers face more pain as KRA inflation tax sets in today
State auditor: NSSF expenses high, irregular
In a report published on Thursday, Auditor General Nancy Gathungu said that the State-owned pension fund broke the law by breaching the legally set limit for internal costs.
By Brian Ngugi 4 days ago
State auditor: NSSF expenses high, irregular
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Loan defaulters face blacklisting as Uhuru CRB freeze ends
The credit providers will be free to list the defaulters with Kenya’s three CRBs - Metropol, TransUnion and Creditinfo International.
By Brian Ngugi 4 days ago
Loan defaulters face blacklisting as Uhuru CRB freeze ends
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Inflation headache for CBK as shilling tumbles to record low
CBK data shows the shilling exchanged at an average of 120.5971 against the dollar, setting up the country for more expensive imports, electricity and debt servicing distress.
By Brian Ngugi 6 days ago
Inflation headache for CBK as shilling tumbles to record low
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Wash-wash: Jitters as Kenya set to know its fate on money laundering controls
The looming report will either place or exclude Kenya in an infamous grey list for its efforts or lack of in fighting money laundering and terrorist financing.
By Brian Ngugi 7 days ago
Wash-wash: Jitters as Kenya set to know its fate on money laundering controls
Kenyan lenders can now buy up to 30pc stake in Ethiopia banks
New laws being crafted will enable lenders to tap into the lucrative market. Horn of Africa nation has largely restricted foreign firms from its financial market.
By Brian Ngugi 9 days ago
Kenyan lenders can now buy up to 30pc stake in Ethiopia banks
Premium
NSSF expenses gobble up near half of workers' contributions
The giant pension fund saw contributions fall by Sh260 million. The High Court recently stopped a bid to increase NSSF monthly contributions.
By Brian Ngugi 9 days ago
NSSF expenses gobble up near half of workers' contributions
Restructure loans to reduce debt - CBK
Central Bank of Kenya Governor Patrick Njoroge has said failure to do this may force Kenya to incur steep hikes in the cost of external borrowing and set it up for debt distress.
By Brian Ngugi 11 days ago
Restructure loans to reduce debt - CBK
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Plans to split Safaricom, Airtel could start in January, says CBK
Previous attempts to compel Safaricom to agree to the proposal have failed despite a push by rivals over antitrust concerns.
By Brian Ngugi 11 days ago
Plans to split Safaricom, Airtel could start in January, says CBK
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How Google, Facebook and Amazon want to have a tax haven in Kenya
American tech giants want Washington to end digital tax as a precondition for a fresh pact to replace Agoa.
By Brian Ngugi 11 days ago
How Google, Facebook and Amazon want to have a tax haven in Kenya
CBK boss: 'Blocked' digital lenders withheld info
CBK on Monday announced it had approved only ten out of 288 firms that had applied for licenses to provide digital loans.
By Brian Ngugi 13 days ago
CBK boss: 'Blocked' digital lenders withheld info
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CBK boss' shocking revelation
CBK Governor said rogue elements in the currency market and some commercial banks had contributed to weakening of the shilling against the dollar, likening their scheme to Goldenberg Scandal.
By Brian Ngugi 12 days ago
CBK boss' shocking revelation
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Tala, Zenka, missing from CBK digital lenders licence list
Central Bank of Kenya approves ten out of 288 firms that had applied for licenses to provide digital loans
By Brian Ngugi 13 days ago
Tala, Zenka, missing from CBK digital lenders licence list
Ex- Safaricom chairman Michael Joseph joins board of start-up Pula
Agriculture insurance start-up Pula has tapped former Safaricom chairman Michael Joseph (pictured) in a similar role.
By Brian Ngugi 13 days ago
Ex- Safaricom chairman Michael Joseph joins board of start-up Pula
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Bank loans more than double against rising default rates
According to a recent survey by the banking regulator, banks expect an increase in private sector credit growth in 2022.
By Brian Ngugi 14 days ago
Bank loans more than double against rising default rates
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Nyachae linked Credit Bank sells 20pc stake to US private equity fund
ShoreCap III Fund usually injects up to Sh1b in target institutions. Competition watchdog says the deal is awaiting regulatory approvals.
By Brian Ngugi 16 days ago
Nyachae linked Credit Bank sells 20pc stake to US private equity fund
Goods to cost more as shilling hits record low
The weakening of the shilling has triggered fears of a fresh round of inflationary pressure, which is set to become a political headache for the new government.
By Brian Ngugi 17 days ago
Goods to cost more as shilling hits record low
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Barclays returns to Kenya, but it's now only for the super rich
UK lender's investment arm also targeting South Africa and Nigeria markets. Nairobi has Africa's fifth highest number of wealthy individuals, according to a recent report.
By Brian Ngugi 17 days ago
Barclays returns to Kenya, but it's now only for the super rich
Maize flour shortage fears after millers warn of cashflow hitch
The warning comes a day after President William Ruto criticised the maize flour subsidy programme that cost billions of shillings as inefficient and prone to fraud.
By Brian Ngugi 18 days ago
Maize flour shortage fears after millers warn of cashflow hitch
Ruto promises Hustler Fund to boost businesses
President William Ruto has in the past said this model will benefit millions of Kenyans who are unemployed as well as small and medium enterprises.
By Brian Ngugi 20 days ago
Ruto promises Hustler Fund to boost businesses
Ruto pushes CBK to implement rule on transactions above Sh1m
CBK Governor Patrick Njoroge said in December that the review was “being dealt with in the central bank” and that he had to make a good judgment based on several concerns.
By Brian Ngugi 19 days ago
Ruto pushes CBK to implement rule on transactions above Sh1m
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Treasury, CBK succession race hots up as Ruto takes over
The economy was the top issue for many voters in the elections piling pressure on the Treasury CS appointee to hit the ground running in addressing the cost of living.
By Brian Ngugi 20 days ago
Treasury, CBK succession race hots up as Ruto takes over
Kenya angles for Sh120b trade pie with Caribbean nations
Low-hanging opportunities for Kenyan firms are in the traditional stronghold of tourism but also in upcoming sectors such as manufacturing, financial services and maritime. 
By Brian Ngugi 21 days ago
Kenya angles for Sh120b trade pie with Caribbean nations
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Exiting Absa boss Jeremy Awori linked to top Ecobank job
Ecobank has operations in 34 African countries and a subsidiary in Paris, France and has a workforce of 13,000 employees.
By Brian Ngugi 21 days ago
Exiting Absa boss Jeremy Awori linked to top Ecobank job
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Just what needs to happen for the cost of living to come down in the country?
The weight of expectation will be on Ruto to deliver on a wave of big-spending, populist policies without damaging the already hurting economy.
By Brian Ngugi 21 days ago
Just what needs to happen for the cost of living to come down in the country?
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Tax burden: Ukur Yatani prepares ground for William Ruto to fund projects
Treasury’s medium-term strategy is expected to address falling revenues. The incoming president will have to deal with the rising cost of living, and tax burden.
By Brian Ngugi 22 days ago
Tax burden: Ukur Yatani prepares ground for William Ruto to fund projects
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IMF tells incoming government to cut wastage, increase taxes
IMF wants the government to continue cutting the budget deficit by growing tax revenues and curbing wasteful expenditure as debt levels near the allowed Sh10 trillion limit.
By Brian Ngugi 26 days ago
IMF tells incoming government to cut wastage, increase taxes
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Ethiopia sets stage for entry of Kenyan banks
At present, Ethiopia has over 30 commercial lenders, two of which are State-owned, according to its Central Bank.
By Brian Ngugi 29 days ago
Ethiopia sets stage for entry of Kenyan banks
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Investors jittery ahead of verdict on presidential election petition
IEBC chairman Wafula Chebukati declared Dr Ruto the winner with 50.49 per cent of the vote against Odinga’s 48.5 per cent.
By Brian Ngugi 28 days ago
Investors jittery ahead of verdict on presidential election petition
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Kenya to miss out on billions in 'secret' tax treaty with China
The rate is lower than that levied on firms from other countries in what experts say will hurt Kenya's revenue collection targets.
By Brian Ngugi 1 month ago
Kenya to miss out on billions in 'secret' tax treaty with China
Former Safaricom boss officially starts new role at MTN
MTN Uganda, which is majority owned by South Africa's MTN Group, had earlier announced Ms Mulinge would assume her new role as the chief executive effective September 1. 
By Brian Ngugi 1 month ago
Former Safaricom boss officially starts new role at MTN
Premium
Consumers face more pain as KRA inflation tax sets in today
This will further hurt consumers who are already strained by the high cost of living. Experts warn that the move is counterproductive and will slow down the economy.
By Brian Ngugi 2 days ago
Consumers face more pain as KRA inflation tax sets in today
State auditor: NSSF expenses high, irregular
In a report published on Thursday, Auditor General Nancy Gathungu said that the State-owned pension fund broke the law by breaching the legally set limit for internal costs.
By Brian Ngugi 4 days ago
State auditor: NSSF expenses high, irregular
Premium
Loan defaulters face blacklisting as Uhuru CRB freeze ends
The credit providers will be free to list the defaulters with Kenya’s three CRBs - Metropol, TransUnion and Creditinfo International.
By Brian Ngugi 4 days ago
Loan defaulters face blacklisting as Uhuru CRB freeze ends
Premium
Inflation headache for CBK as shilling tumbles to record low
CBK data shows the shilling exchanged at an average of 120.5971 against the dollar, setting up the country for more expensive imports, electricity and debt servicing distress.
By Brian Ngugi 6 days ago
Inflation headache for CBK as shilling tumbles to record low
Premium
Wash-wash: Jitters as Kenya set to know its fate on money laundering controls
The looming report will either place or exclude Kenya in an infamous grey list for its efforts or lack of in fighting money laundering and terrorist financing.
By Brian Ngugi 7 days ago
Wash-wash: Jitters as Kenya set to know its fate on money laundering controls
Kenyan lenders can now buy up to 30pc stake in Ethiopia banks
New laws being crafted will enable lenders to tap into the lucrative market. Horn of Africa nation has largely restricted foreign firms from its financial market.
By Brian Ngugi 9 days ago
Kenyan lenders can now buy up to 30pc stake in Ethiopia banks
Premium
NSSF expenses gobble up near half of workers' contributions
The giant pension fund saw contributions fall by Sh260 million. The High Court recently stopped a bid to increase NSSF monthly contributions.
By Brian Ngugi 9 days ago
NSSF expenses gobble up near half of workers' contributions
Restructure loans to reduce debt - CBK
Central Bank of Kenya Governor Patrick Njoroge has said failure to do this may force Kenya to incur steep hikes in the cost of external borrowing and set it up for debt distress.
By Brian Ngugi 11 days ago
Restructure loans to reduce debt - CBK
Premium
Plans to split Safaricom, Airtel could start in January, says CBK
Previous attempts to compel Safaricom to agree to the proposal have failed despite a push by rivals over antitrust concerns.
By Brian Ngugi 11 days ago
Plans to split Safaricom, Airtel could start in January, says CBK
Beasts of burden ease work of women
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