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NEWS & CURRENT AFFAIRS

Digital News

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Graham Kajilwa

State eyes Sh100bn from landlords in fresh tax push

The government aims to get Sh83 billion more from landlords in a revamped tax system under works spearheaded by the National Treasury

State eyes Sh100bn from landlords in fresh tax push

Why State's huge investments in ICT are yet to pay off

Why State's huge investments in ICT are yet to pay off

Mbadi blames revenue shortfall on KRA's outdated tax systems

Mbadi blames revenue shortfall on KRA's outdated tax systems

Agriculture output up 34pc as jobless graduates join sector

Agriculture output up 34pc as jobless graduates join sector

Mbadi blames revenue shortfalls on KRA's outdated tax systems

The National Treasury and Economic Planning Cabinet Secretary John Mbadi has laid bare the challenges facing revenue collection, saying that some of the taxman’s systems are not working optimally.

Mbadi blames revenue shortfalls on KRA's outdated tax systems

Kenya receives final reports from Korea on joint projects worth Sh130b

The government has received the final reports from Korea’s development cooperation agency covering three major projects under Konza Technopolis

Kenya receives final reports from Korea on joint projects worth Sh130b

Lenders target NGOs with tailor-made products in wake of new law

Lenders say forward contracts can safeguard NGOs from foreign currency fluctuations in the global market.

Lenders target NGOs with tailor-made products in wake of new law

NHC agonises over rent review amid depressed housing market

The National Housing Corporation has revealed difficulties in the rental arm of its business citing unfavourable market conditions.

NHC agonises over rent review amid depressed housing market

Sacco lending to housing sector drops to Sh124b on good rains, coffee reforms

The latest report from Societies Regulatory Authority shows an increase in advances by Saccos to the agricultural sector as loans towards housing and land acquisition dropped.

Sacco lending to housing sector drops to Sh124b on good rains, coffee reforms

How State plans to tame rogue saccos

Cooperative societies across the country are set to undergo inspection and have their officials trained on ethics as the government moves in to sanitise the sector.

How State plans to tame rogue saccos

Real estate developer opens Sh350 million truck stop at Sultan Hamud

Real estate developer Superior Homes has unveiled the first roadside truck stopover complex along the Northern Corridor at Sultan Hamud on Nairobi-Mombasa highway.

Real estate developer opens Sh350 million truck stop at Sultan Hamud

Firm, Chinese machinery dealer in pact to boost export of avocado, nuts

Kenyan investment firm International Controls Ltd, which owns Kenya Nut Company, has signed a cooperation agreement with a Chinese firm to boost the export of avocado and macadamia nuts.

Firm, Chinese machinery dealer in pact to boost export of avocado, nuts

Firms warm up to usage-based insurance to grow penetration

Usage-based insurance is vehicle insurance that adjusts premiums based on the driver’s behaviour.

Firms warm up to usage-based insurance to grow penetration

How the new building code will tame rogue developers

Provision for adequate ventilation, a sink, and a cooking slab or fireplace are mandatory requirements in the new National Building Code

How the new building code will tame rogue developers

Why most small businesses face stunted growth

Kippra executive director Dr Rose Ngugi says the failure of MSEs trading with the government denies them a ready market.

Why most small businesses face stunted growth

SIC Investment Cooperative seeks NSE listing after rebrand

SIC Investment Cooperative, formerly Safaricom Investment Cooperative (SIC), has revealed plans to list on the Nairobi Stock Exchange (NSE) after taking up a new brand identity.

SIC Investment Cooperative seeks NSE listing after rebrand

Audit underway for Sh2b coffee debt write-off, says Oparanya

The government has committed to waive Sh2 billion debt in the coffee sector and prioritise the crop as key in growing foreign exchange reserves.

Audit underway for Sh2b coffee debt write-off, says Oparanya

Report: How Kenya's weak labour market hurts economy

The Kenya Economic Report states that agriculture is a labour-intensive sector and would therefore require targeted interventions to make it more productive.

Report: How Kenya's weak labour market hurts economy

Varying standards curtail Kenyan insurers' regional foray

Regional disparity in insurance sector standards forces Kenyan firms to incur extra costs to train staff in new markets where they set up subsidiaries.

Varying standards curtail Kenyan insurers' regional foray

Safaricom consortium gets Sh104b contract for digital health system

The three firms will invest in the project and recover the investment over a 10-year period starting February 2025, delivering 70,000 tablets and 5,000 laptops to public health workers.

Safaricom consortium gets Sh104b contract for digital health system

Real estate posts high productivity as challenges hit wholesale, retail sectors

Real estate has the highest labour productivity in the services sector according to a new report even as the closure of some retail stores dented the industry.

Real estate posts high productivity as challenges hit wholesale, retail sectors

Women-owned MSMEs to get USAID funding

Women-owned businesses are set to benefit from a Sh164 million investment from an incubation program sponsored by USAID.

Women-owned MSMEs to get USAID funding

How RBA plans to double pension assets

The Retirements Benefits Authority (RBA) is targeting the informal sector in its new ambitious goal of Sh3.2 trillion in pension assets by 2029.

How RBA plans to double pension assets

Manufacturing and agriculture top sectors to boost the economy

Manufacturing, agriculture, and digitisation of the informal economy are the three sectors singled out by a State think tank with the potential to boost the country’s productivity.

Manufacturing and agriculture top sectors to boost the economy

Kenya's debt sustainable despite bordering distress, says Kippra

Think tank documents public debt to be Sh10.3 trillion at the close of the 2022/23 financial year. This figure however had surpassed Sh11 trillion by January this year.

Kenya's debt sustainable despite bordering distress, says Kippra

Sh5b Pangani housing project resumes after developer secures funding

The construction of the Pangani Affordable Housing project which had stalled for two years, has resumed after the developer managed to secure new funding.

Sh5b Pangani housing project resumes after developer secures funding

Farmers' society board, CEO axed in Oparanya's co-operatives cleanup

The board and chief executive of Barichu Farmers’ Co-operative Society have been ordered to step aside as the government continues to crack the whip on rogue Saccos and Societies.

Farmers' society board, CEO axed in Oparanya's co-operatives cleanup

Banks entice more MSMEs to grow credit uptake

Banks and other financial institutions are aggressively customising their services to improve the appetite for credit among MSMEs that comprise the country's majority of businesses.

Banks entice more MSMEs to grow credit uptake

Fertiliser subsidy killing private sector, report

Until 2020, the report says, Kenya’s consumption of fertiliser was growing peaking at 835,000 tons that year.

Fertiliser subsidy killing private sector, report

Most food warehouses fail to meet standards

Most warehouses for storage of farm produce are substandard, which is being blamed for increased post-harvest losses in the country.

Most food warehouses fail to meet standards

Aggregate volumes to benefit from AfCFTA, MSMEs told

Experts emphasised the importance of MSMEs adopting formal structures and aggregating their efforts to succeed beyond Kenya's borders.

Aggregate volumes to benefit from AfCFTA, MSMEs told

EABL seeks entire shareholding of Ugandan unit with share plan

EABL seeks to increase its shareholding in Uganda Breweries Ltd (UBL) to 100 per cent by acquiring 2,177,995 shares.

EABL seeks entire shareholding of Ugandan unit with share plan

How developers can cut building costs amid costly materials, taxes

Economic turbulence caused by surges in taxes and the cost of commodities resulting in incomplete buildings remains one of the challenges that developers and financiers grapple with.

How developers can cut building costs amid costly materials, taxes

Climate change: Households cut livestock herds, work hours

Cutting down the number of work hours and reducing the size of livestock are some of the new radical measures by households to cope with the effects of climate change.

Climate change: Households cut livestock herds, work hours

Study reveals key opportunities in lower-tier bank mortgages

New research says there is still room for more home loans in the market, even as data shows a drop in the ratio of mortgages to total credit.

Study reveals key opportunities in lower-tier bank mortgages

Why informal sector could be choking local private investments

Kenya’s vast informal economy which is largely made up of micro, small and medium enterprises (MSMEs) has been cited as a source of unfair competition for mainstream firms.

Why informal sector could be choking local private investments

Align tax regimes and standards to spur regional trade, EAC states told

The lack of agreement among EAC countries on revenue collection processes is among the reasons for the slow growth of trade in the region.

Align tax regimes and standards to spur regional trade, EAC states told

Rising mortgage costs threaten affordability amid housing push

The size of an average mortgage loan has grown by 25 per cent over the last decade, raising concerns about affordability for low- and middle-income earners.

Rising mortgage costs threaten affordability amid housing push

How to get your products into the American market

Kenya is among the countries in the continent that are eligible to access duty-free markets in the US through the Africa Growth Opportunity Act (Agoa) with a range of 6,400 products.

How to get your products into the American market

Kippra: Addressing system key to unlocking continental trade

Kenya stands to benefit more from the African Continental Free Trade Area if it puts in place a national addressing system which a think tank notes will also reduce the cost of doing business.

Kippra: Addressing system key to unlocking continental trade

Mi Vida Homes licensed as a Reits manager

Capital Markets Authority (CMA) has licensed property developer Mi Vida Homes Ltd to be a Real Estate Investment Trusts (REITs) manager.

By 2 months ago

Mi Vida Homes licensed as a Reits manager

State to consider recognition of building managers after petition

The State Department for Public Works has agreed to have construction managers recognised in the law alongside other professionals in the building sector.

By 2 months ago

State to consider recognition of building managers after petition

Why the informal sector has lagged in pension uptake

A small enterprise has a turnover of between Sh1 million and Sh5 million and between 10 and 50 employees.

By 2 months ago

Why the informal sector has lagged in pension uptake

Trade body cautions against ban on imported ICT products

Developing economies have been cautioned to delicately consider the effects of imposing a ban on secondhand ICT products even as they seek to grow their manufacturing sectors.

By 2 months ago

Trade body cautions against ban on imported ICT products

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