Flower farm workers to benefit from Sh60 million clean energy initiative

Lawmakers have rejected a Bill by the National Treasury to create a special fund that was supposed to help the government repay expensive loans.

People suspected of engaging in financial crime and money laundering will have their communication intercepted and recorded.

Equity Group Holdings Ltd (EGHL) has won an Sh800m tax dispute against Kenya Revenue Authority.

Directors of smallholder tea factories have been given a sneak preview of how the government may steer the sub-sector in the next few years.

The ruling followed a constitutional petition filed by the Kitengela Bar Owners Association that sought to scrap the 1 per cent levy on gross turnover

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The new negotiation team consists of Attorney General and Treasury, EAC and Agriculture cabinet secretaries.

Hoteliers in Mombasa described the move by the UK, one of Kenya’s key source markets, as a sigh of relief for the sector

Revenue collection dipped at the height of the Covid-19 pandemic last year, forcing Treasury to plug the deficit through borrowing.

Excise duty on most other products will increase by an average of 4.97 per cent.

County blames dismal performance on reduced business activity due to effects of Covid-19.

Ministry of Education has directed public secondary schools to comply with the new financial reporting rules.

Ugandan ministers say 25 industrial parks will be given free of charge to Kenyan investors.

Jambojet will fly into Goma, the capital of North Kivu province, twice a week from its Nairobi hub, before increasing to four times a week with time.

Kenya reviewed the structure of its economy by including new economic activities, a state that saw other sectors eat into agriculture

Mwananchi Credit has been awarded for being the best land title-based financier at the fourth annual Real Estate Excellence Awards in Nairobi.

Kenyan startup Taz Technologies, the firm behind digital mail service M-Post, has announced expansion plans to four African countries.

The transport sector fell 7.8 per cent last year, according to new data that shows the full impact of Covid-19 on the local industry.

The manufacturing sector registered a slow growth rate at 0.2 per cent in 2020 compared to 2.8 per cent in 2019.

Agriculture, Kenya’s backbone, grew by 4.6 per cent in 2020 compared to a 2.3 per cent growth the previous year, showed the Economic Survey 2021.

The contribution of Kenya’s information and telecommunications (ICT) sector to the country’s economy has more than doubled.

Treasury will today release Sh2 billion as government moves to provide relief food and other emergency support to families affected by drought.

Kenya’s debt as at end of March stood at Sh7.3 trillion with the country expected to borrow about Sh1 trillion in the financial year 2021/22.

It's the worst economic crunch the country has recorded in over two decades.

Treasury CS Ukur Yatani says oil prices to remain high in Kenya for the next 6 months, resulting in inflation and depressed economy.

Soapstone has been the main source of livelihood for Tabaka residents for years.

KNBS data shows there has been a drop of as much as 20 per cent on some routes following the lifting of Covid restrictions.

The shilling has been on free-fall since the end of July when it was trading at 108.2 against the greenback.

A sizeable chunk of Kenya’s wealth was moved to foreign banks last year in a bid by the rich to safeguard their assets amid the ravages of Covid-19.

New report says government restrictions due to the resurgence of the virus have had a severe economic impact.

CBK data shows lenders recorded a profit before tax of Sh96.4 billion in the first half of this year.

Covid-19 is standing in the way with optimism among executives across various firms sinking, with business confidence slipping to a near-record low.

Billions held in disputes at tax tribunal and court were unlocked in the last financial year.

Credit providers will now require written consent from borrowers to have their information shared with other lenders.

Nancy Gathungu says the commission spent Sh148 million operational costs on privatisation efforts that appear to have stalled.

Newly licensed brokers petition to be allowed into the Nairobi Coffee Exchange.

Deloitte said Scangroup had failed to reveal all information related to the companies

Britam has moved out of the loss-making territory to record a net profit of Sh376 million.

Kenyans who lost livelihoods claimed long-term insurance such as pension, life assurances and investments.

The Treasury illegally spent Sh169.8 billion in money borrowed on recurrent expenditure in the financial year that ended in June.

NCBA Bank has reported a 77 per cent increase in net profit over the half-year to June 2021, continuing the trend in the banking industry.

Kenyan and Uganda business leaders are warming up to new business opportunities that will accrue from an agribusiness symposium in Mombasa.