How banks are making super profits in a tough environment

Jambojet flies to Mombasa, Malindi, Diani, Lamu, Kisumu, Eldoret and Goma, in DRC from its Nairobi hub.

Should we expect long-lasting uncertainty in the global economy because of the pandemic?

Betting companies have now devised new ways of clandestinely operating in Kenya without paying taxes. They allow punters to transact using hard-to-trace cryptocurrencies.

The tax battle between Keroche and Kenya Revenue Authority (KRA) has been brewing since 1998, barely a year after the firm was founded in Naivasha as a fortified fruit wines brewery.

Women are still seven per cent less likely than men to own a mobile phone.

As the tourism industry crawls back to health, it has become apparent for businesses to find ways of not only staying afloat but also guaranteeing a safe passage.

The camp is adjacent to Crater Lake, a green soda lake at the bottom of an extinct volcano on the western side of Lake Naivasha and north of the village of Kongoni, with many trails.

As at May 2021 Kenya through Kenya Power had 8.2 million customers connected to the national grid and others supplied via 12 licensed private mini grids.

The dollar is the reserve currency in the global economy. It is held widely by governments, central banks and private institutions to conduct international trade and financial transactions.

There are sectors in the country which politicians or policy makers in the government should probably keep out of their mouths - no matter how good the policies or ideas are.

Thousands of Kenyans are driving to work but in cars financed by loans and sometimes fueled by a mobile overdraft facility, Fuliza.

Since the appointment of Ms Yeda in July 2020, alongside another four directors after the exit of yet another four, the board has made headlines for various reasons.

This month marks the expiry of the third phase of the country’s most ambitious long-term development plan, the Kenya Vision 2030.

His move to Kenya was at a period when the UNDP was undertaking a disruptive, painful and protracted change of management, as he described it previously in an article.

At 93, the industrialist is still fit as a fiddle and sharp-witted as ever; you feel he could still be globe-trotting and addressing gatherings of business people.

In this context, businesses in the country are either targeting locals or expatriates. These categories can be further classified into high and low context cultures.

Local vehicle assemblers produced 9,989 vehicles in 2021 but can produce 34,000 units over a single shift.

CBK is banking on the strategy to cut friction between customers and digital payments providers, boost interoperability between payment platforms, introduce transparency in pricing.

According to Epra, as of this month, there were 60 cases before courts relating to various liquified petroleum gas (LPG) malpractices.

The lucrative gin business, which is experiencing a renaissance globally, has been locally dominated by Diageo’s EABL, which controls both the premium and bottom mass market.

They are seen as the devil’s advocate; they reap where they did not sow. Yet theirs, as Maurice Osundwa, an auctioneer says, is a business like any other.

Financial Standard’s Macharia Kamau spoke to the operator of the road, Moja Express Public Relations Manager Jeanne Ong’iyo on the project’s progress.

The rush to grow market share comes at a time when streaming platforms like Netflix are experiencing a slowdown in growth in traditional market strongholds of North America and Europe.

The triggers of the downturn of the once-reliable dividend payers vary. But the pain is the same: no dividends for shareholders.

The huge subsidy has made the cost of kerosene considerably lower compared to that of diesel and super petrol.

The implementation of these standards that were developed in 2019 was pushed forward to enable local industries and car importers to adopt the new standards.

She said strong demand from the US, supply chain disruptions and the Ukraine war effects all point to longer-lasting inflation.

Resolution shareholders Linkham Services Ltd co-director Michael Cranfield said alongside his partner, Dominic Persad, they faced resistance in implementing the key in saving the firm.

Millions of skilled people locked out of the job market or underpaid for lack of certificates are set for a lifeline as Kenya rolls out a process to identify, assess and certify skills.

Whether growing an existing product or service in a new area, or launching something completely new, understanding which channels offer the greatest growth potential.

Residents of Kajiado County have decided to keep on growing such crops as tomatoes and maize while someone else moves around with their cows looking for greener pastures.

Auctioneers accused banks of taking over their business by offering bids on repossessed properties. some online vendors are offering bids to customers yet not licensed as auctioneers.

The major fuel shortage experienced in the country in late March and early April had started in the North Rift and Western regions before spreading to other areas.

Lenders, including Jamii Bora Bank, National Bank of Kenya (NBK), Transnational Bank (now Access Bank) and Mayfair Bank, which were struggling to keep their heads above the water.

Life has recently been harsher for the poor households in Nairobi who have been hit the hardest by the spike in the prices of food, an analysis of official data shows.

"The hotel business is capital intensive and generating a healthy bottom line is not easy when the cost of doing business is high,” said Mr Hersi on the possible reasons for the closures.

The cost of leasing premises can be a significant part of any organisation’s operating costs and comes with a significant commitment.

The current state of the lower deck road is perhaps what could be termed collateral damage of the yet-to-be-commissioned suave Nairobi Expressway.

The late Kibaki did not only want a bigger financial sector, he wanted a bigger economy where everyone had a stake.

The shilling has been on a free fall. It has suffered the longest nose-dive in recent times, with one dollar fetching 115.7 units of the local currency in the foreign exchange (FX) market.

The Energy and Petroleum Regulatory Authority in January announced a new tariff, reducing power costs by 15 per cent and now appears to be pulling all stops to ensure this is not reversed.

The recent biting fuel shortage in Kenya was a blot on the government’s reputation, highlighting the reason it should let the market do its work.