Kenya borrows Sh560b in five months to plug budget deficit
This was Sh32 billion more than what it earned in taxes with KRA collecting Sh527.8 billion between July and November last year
By Domnic Omondi 3 years ago
Kenya borrows Sh560b in five months to plug budget deficit
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How graft is turning Kenya into a graveyard for startups
New World Bank report finds the country overly relies on firms that have existed for decades but create few jobs
By Domnic Omondi 3 years ago
How graft is turning Kenya into a graveyard for startups
State job cuts loom in Yatani deal with IMF for more cash
Plan to merge or dissolve hundreds of parastatals to qualify for Sh250 billion loan would render thousands of civil servants jobless
By Domnic Omondi 3 years ago
State job cuts loom in Yatani deal with IMF for more cash
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Covid tax goodies to go as Yatani battles to pay debt
Tough choices for the Government as it fights to find money to repay its loans and jumpstart an economy that's on its knees
By Domnic Omondi 3 years ago
Covid tax goodies to go as Yatani battles to pay debt
Weakening shilling turns into a double-edged sword for Kenyans
A weak shilling has also benefited speculators, said Tony Watima, an economist.
By Domnic Omondi 3 years ago
Weakening shilling turns into a double-edged sword for Kenyans
Court saves National Bank of Kenya from losing cash
This is after National Bank went to High Court seeking the reversal of the lower court’s decision to refund ‘money’ to a dormant account
By Domnic Omondi 3 years ago
Court saves National Bank of Kenya from losing cash
Mobile cash transactions hit a record Sh474b in August
This is an increase of almost a third compared to the same period last year when mobile cash transactions were valued at Sh364 billion
By Domnic Omondi 3 years ago
Mobile cash transactions hit a record Sh474b in August
Why the government has to print money
In just seven days, the Central Bank released Sh15 billion that the Treasury needed to meet expenses but it didn’t have it in its accounts
By Domnic Omondi 3 years ago
Why the government has to print money
Deal gone bad: How Tuju’s Sh2.4b real estate dream fell apart
How did a project that was given a clean bill of health by a respectable audit firm come to flounder? Who is to blame?
By Domnic Omondi 3 years ago
Deal gone bad: How Tuju’s Sh2.4b real estate dream fell apart
Magufuli stabs Kenya in fight for EA oil wealth
Tanzania, a latecomer in the pipeline deal, appears to have courted Uganda to bag lucrative infrastructure project.
By Domnic Omondi 3 years ago
Magufuli stabs Kenya in fight for EA oil wealth
Professions with the most job vacancies
Kenya has been churning out more business managers than scientists and technicians
By Domnic Omondi 3 years ago
Professions with the most job vacancies
Co-op Bank in Sh500m lending pact with fertiliser company
The scheme will enable distributors to increase their stock to meet the high demand for fertiliser during the short rain planting season
By Domnic Omondi 3 years ago
Co-op Bank in Sh500m lending pact with fertiliser company
Economy begins to snap back to life as flow of cash picks up
CBK data shows rise in the value of mobile and ATM transactions after steep slump in April.
By Domnic Omondi 3 years ago
Economy begins to snap back to life as flow of cash picks up
Housing startup in receivership
Shelter Afrique appoints receivers to recover Sh205m from Kisumu firm
By Domnic Omondi 3 years ago
Housing startup in receivership
Jamii Bora now Kingdom Bank
Former Co-op Bak director in charge of credit management Antony Mburu named the chief executive officer
By Domnic Omondi 3 years ago
Jamii Bora now Kingdom Bank
KRA could give back Sh725m in tax row with Coca-Cola
By Domnic Omondi 3 years ago
KRA could give back Sh725m in tax row with Coca-Cola
Big shots, corporates vanish with Sh79b failed banks loans
New CBK data shows the Government owed the condemned lenders another Sh776m in T-bills and bonds, bringing total to Sh83.9b
By Domnic Omondi 3 years ago
Big shots, corporates vanish with Sh79b failed banks loans
Covid-19 pushes ministry budget beyond Sh83b
Huge chunk of the Sh83 billion spent in second half of fiscal year to boost country’s preparedness to control spread of Covid-19
By Domnic Omondi 3 years ago
Covid-19 pushes ministry budget beyond Sh83b
Bill seeks to give local firms the edge in State contracts
Proposals in amendment to procurement law increase the ceiling for projects that should be exclusive for citizens
By Domnic Omondi 3 years ago
Bill seeks to give local firms the edge in State contracts
Covid-19 separates the men from boys of corporate Kenya
Thanks to their solid financial grounding, some of the most profitable firms in the country have warded off the adverse effects of Covid-19
By Domnic Omondi 3 years ago
Covid-19 separates the men from boys of corporate Kenya
CBK forex reserves up to 11-month high
The increase is attributed to exports and inflows from global financiers such as IMF, World Bank
By Domnic Omondi 3 years ago
CBK forex reserves up to 11-month high
Cheap credit for State as bond yields plunge
Investors put their cash into government securities, a situation that saw the inter-bank rate rise to 4.53 per cent
By Domnic Omondi 3 years ago
Cheap credit for State as bond yields plunge
Centum still in property market, to build 4,327 units
Centum Investment Group says had not recorded any losses on its property business
By Domnic Omondi 3 years ago
Centum still in property market, to build 4,327 units
Lights dim for Kenya Power shareholders
Company issues profit warning as Covid-19 affects electricity sales and operations
By Domnic Omondi 3 years ago
Lights dim for Kenya Power shareholders
Why Kenyans borrowed cheaply in the month of April
Private sector credit grew by nine per cent in the 12 months to April 2020, the largest increment since May 2016
By Domnic Omondi 3 years ago
Why Kenyans borrowed cheaply in the month of April
Buyers dump apartments for townhouses as prices decline
KBA survey shows housing sector is heading for correction after sustained growth
By Domnic Omondi 3 years ago
Buyers dump apartments for townhouses as prices decline
Banks withdraw 2019 dividend amid uncertainty
Surge in bad loans forces Equity, StanChart and NCBA to hold onto shareholders’ cash
By Domnic Omondi 3 years ago
Banks withdraw 2019 dividend amid uncertainty
Big appetite for loans could dash Kenya’s debt relief hope
IMF source says expensive Eurobonds and Chinese loans not among those being considered for waivers at the moment
By Domnic Omondi 4 years ago
Big appetite for loans could dash Kenya’s debt relief hope
Relief for borrowers as CBK orders CRBS to delist Sh1,000 debts
The new measures are a huge relief for thousands of Kenyans who had been listed for small amounts
By Domnic Omondi 4 years ago
Relief for borrowers as CBK orders CRBS to delist Sh1,000 debts
Counties can net Sh173 billion in revenue - report
Property tax, building permits, business licenses and vehicle parking fees can enhance revenue streams
By Domnic Omondi 4 years ago
Counties can net Sh173 billion in revenue - report
Broke government with limited options in fight against coronavirus
State finds itself between a rock and a hard place as calls for a stimulus package to keep the economy afloat increase, yet coffers are in the red
By Domnic Omondi 4 years ago
Broke government with limited options in fight against coronavirus
Shilling down to lowest level since October
Kenya confirmed its fourth case of coronavirus on March 17
By Domnic Omondi 4 years ago
Shilling down to lowest level since October
It’s a matter of time before bleeding economy goes into coma
It started as a deadly sneeze in China’s Wuhan, but soon spiralled into a global emergency
By Domnic Omondi 4 years ago
It’s a matter of time before bleeding economy goes into coma
Data shows job market haunted by huge skills mismatch
Of the 12 million households that were counted during the 2019 census, 6.3 million said they were farmers
By Domnic Omondi 4 years ago
Data shows job market haunted by huge skills mismatch
Kenya: The Sh10 trillion economy with 45 million poor people
Even with swelling GDP numbers, one in two Kenyans are jobless, and most of those who are working are a payslip away from poverty
By Domnic Omondi 4 years ago
 Kenya: The Sh10 trillion economy with 45 million poor people
Taxman seeks Sh800 billion in five months
KRA has to improve on its average monthly collection of Sh128b to hit Sh1.7tr target set in this year’s spending plan
By Domnic Omondi 4 years ago
Taxman seeks Sh800 billion in five months
We are not broke, says Tullow boss
The statement followed report that expressed doubt on whether the company could deliver Kenya’s promised oil riches
By Domnic Omondi 4 years ago
We are not broke, says Tullow boss
The transport question sinking oil export dream
State yet to provide clear timelines on plans to construct pipeline that would get crude oil to coastal ports
By Domnic Omondi 4 years ago
The transport question sinking oil export dream
State now turns to borrowing to offset piling pending bills
Uhuru reveals plans for Sh150b infrastructure bond, with part of proceeds going to paying roads contractors.
By Domnic Omondi 4 years ago
State now turns to borrowing to offset piling pending bills
Year ends with broken dreams and deflated hopes of fortune
About half of Kenyans polled by market research company found the going tough
By Domnic Omondi 4 years ago
Year ends with broken dreams and deflated hopes of fortune
Aviation industry struggles to kee up despite aircraft parts tax cuts
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