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Black market to thrive as Ruto tax plan suffers blow
Experts warn that increased taxes on money transfers will push away taxpayers. Bankers say proposed levies would put more financial burden on customers.
By 7 days ago
Black market to thrive as Ruto tax plan suffers blow
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Ruto visit: Inside fresh US plans to undercut Chinese influence in Kenya
President Biden and US First Lady Jill Biden will host President Ruto and First Lady Rachel Ruto on Thursday at the White House.
By 9 days ago
Ruto visit: Inside fresh US plans to undercut Chinese influence in Kenya
Citi Bank embroiled in contract row with Kenyan firm
Adrian Kenya Ltd (AKL) says Citi Bank has frustrated it, making it lose business and battering its reputation.
By 10 days ago
Citi Bank embroiled in contract row with Kenyan firm
New Eco Levy threatens Kenya's green future and jobs, say experts
The proposed Bill targets a wide range of everyday items, raising concerns about affordability.
By 11 days ago
New Eco Levy threatens Kenya's green future and jobs, say experts
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Banks warn VAT on transactions could damage Kenya's economy
Finance Bill proposes to remove exemptions on transactions and also increase excise duty. Executives say the move will make financial services more expensive and Kenya uncompetitive.
By 14 days ago
Banks warn VAT on transactions could damage Kenya's economy
Coop Bank targets expansion after profit soars to Sh6.58bn
Co-op Bank Group Chief Executive Gideon Muriuki said the bank with 195 outlets has managed to strike a healthy balance between investments in brick-and-mortar and staff growth.
By 14 days ago
Coop Bank targets expansion after profit soars to Sh6.58bn
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Six top bank CEOs take home over Sh787 million annual pay
Equity Group chief executive James Mwangi took home an annual compensation of Sh158.8 million.
By 15 days ago
Six top bank CEOs take home over Sh787 million annual pay
Indian insurance brokerage giant joins Kenya market
IIRM Kenya will target the local insurance market, long seen as a lucrative opportunity.
By 17 days ago
Indian insurance brokerage giant joins Kenya market
Telcos and companies lose millions in under-sea fibre cable cuts
The mess left Internet users countrywide and service providers unconnected for long periods.
By 17 days ago
Telcos and companies lose millions in under-sea fibre cable cuts
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Disquiet as some millers flout plastic packaging order
A spot-check shows competitors exploit regulatory loopholes, flooding the market with products packaged in cheap plastics.
By 16 days ago
Disquiet as some millers flout plastic packaging order
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State seeks legal backing to spy on your M-Pesa, bank accounts
The radical plan is contained in the Finance Bill 2024. KRA has in recent years stepped up the adoption of technology to snoop on tax evaders.
By 17 days ago
State seeks legal backing to spy on your M-Pesa, bank accounts
Indian insurance brokerage firm IIRM enters Kenyan market
The new subsidiary, IIRM Kenya, will target the Kenyan insurance market, long seen as a lucrative opportunity.
By 18 days ago
Indian insurance brokerage firm IIRM enters Kenyan market
eCitizen targets Sh1b daily from 30 million subscribers
The government is targeting at least Ksh1 billion daily revenue on eCitizen by December by increasing subscribers to its digital services platform to 30 million.
By 21 days ago
eCitizen targets Sh1b daily from 30 million subscribers
Climate change could derail EAC economies, central bank bosses warn
Central banks from the East African Community (EAC) bloc are raising the alarm on climate change and its impact on the regional economies.
By 24 days ago
Climate change could derail EAC economies, central bank bosses warn
Co-op Bank lines up billions for women-owned SMEs after German loan deal
Co-operative Bank of Kenya says it has set aside a Sh3.375 billion war chest for affordable loans to small businesses owned by Kenyan women.
By 28 days ago
Co-op Bank lines up billions for women-owned SMEs after German loan deal
S Sudan Central Bank Governor Rallies East Africans to Invest in Juba
The South Sudanese Banking sector regulator has said the country’s economy is open for business and highlighted its potential for foreign investment.
By 28 days ago
S Sudan Central Bank Governor Rallies East Africans to Invest in Juba
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Forget miraa: Discovery of minerals stirs up Meru locals
An Australian mining company says it has unearthed copper and gold deposits in Meru County, in what could radically change the fortunes of the Miraa growing region.
By 29 days ago
Forget miraa: Discovery of minerals stirs up Meru locals
Poultry players protest US import deal plan
Kenyan poultry businesses say the country could lose Sh172 billion a year if the United States starts exporting finished chicken products to Kenya under a proposed new trade deal.
By 1 month ago
Poultry players protest US import deal plan
Kenyan retailers ready to pounce as Ethiopia to open up market
Addis has introduced reforms allowing foreign companies to participate in restricted sectors. A population of over 110 million people presents a vast, previously untapped market.
By 1 month ago
Kenyan retailers ready to pounce as Ethiopia to open up market
Ruto pushes rich nations to boost funding for poor States
Head of State rooted for Africa-driven socio-economic development, executed with transparency and inclusiveness. Wants IDA contribution increased from Sh12 trillion to Sh16.4 trillion.
By 1 month ago
Ruto pushes rich nations to boost funding for poor States
Ruto to push for global finance reforms at World Bank meeting
President Ruto is expected to lead African Presidents to showcase how the international financial system is skewed to benefit wealthy countries.
By 1 month ago
Ruto to push for global finance reforms at World Bank meeting
EAC Central Bank Governors meet in Juba as single currency race debate heats up
EAC partner states are in the process of putting in place the requisite institutions to attain a single currency as outlined in the EAC Monetary Union Protocol.
By 1 month ago
EAC Central Bank Governors meet in Juba as single currency race debate heats up
SIB partners with CISI to elevate professional standards and enhance financial advisory skills among staff
Standard Investment Bank (SIB) has partnered with the Chartered Institute for Securities & Investment (CISI) to enhance the professional skills of its employees. 
By 1 month ago
SIB partners with CISI to elevate professional standards and enhance financial advisory skills among staff
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Lenders raise interest on loans despite CBK holding key rate
A steep rise in interest rates could see the cost of borrowing cross levels above 30 per cent, last witnessed a decade ago. The regulator earlier this month held the benchmark rate at 13 per cent.
By 1 month ago
Lenders raise interest on loans despite CBK holding key rate
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Gikomba gold rush: Banks scramble for a slice of Nairobi's street hustle
In a bid to tap into this flourishing business environment, several banks are setting up branches and expanding their presence in the market.
By 1 month ago
Gikomba gold rush: Banks scramble for a slice of Nairobi's street hustle
AAR Hospital taps ex-MP Shah executive Dr Omina to head clinical services
Dr Omina was until her appointment the Deputy Chief Medical Officer at The Social Service League, Mp Shah Hospital.
By 1 month ago
AAR Hospital taps ex-MP Shah executive Dr Omina to head clinical services
Kingdom Bank opens branch at Gikomba market
The banks aims at capturing the expanding pool of micro, small, and medium enterprises (MSMEs) seeking financial services in Nairobi's bustling trade hub.
By 1 month ago
Kingdom Bank opens branch at Gikomba market
UN Tourism ranks East Africa among most open regions for travellers
East Africa has been ranked among the most open sub-regions in the world in terms visa openness as global travel recovers to pre-pandemic levels, a new report by UN Tourism shows.
By 1 month ago
UN Tourism ranks East Africa among most open regions for travellers
Competition Authority slams Royal Mabati amid mounting consumer complaints
Royal Mabati Ltd, was yet again in the crosshairs of CAK for another year in 2023 over complaints from customers for failing to deliver products as per agreed terms.
By 1 month ago
Competition Authority slams Royal Mabati amid mounting consumer complaints
Harambee Sacco eyes Sh4bn in member's capital expansion share drive
Harambee DT Sacco has launched an ambitious share drive to generate revenue which will injected to finance the growth and expansion of the society in line with its strategic plan.
By 1 month ago
Harambee Sacco eyes Sh4bn in member's capital expansion share drive
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End of an era: Hilton finally up for sale, taking with it nostalgic city memories
International Hotels (Kenya) Ltd, owns the iconic former Hilton Hotel.
By 1 month ago
End of an era: Hilton finally up for sale, taking with it nostalgic city memories
Nigeria says wanted crypto boss Arjarwalla is holed up in Kenya
Nadeem Arjarwalla, a British-Kenyan, was earlier detained in connection with an ongoing criminal investigation into Binance’s activities in Nigeria, according to a Reuters News Agency report.
By 1 month ago
Nigeria says wanted crypto boss Arjarwalla is holed up in Kenya
Kenyan firms gear up for Africa's largest trade fair in Algeria
Kenyan firms will vie for multibillion-shilling deals at Africa's biggest trade fair to be held in Algeria in September next year.
By 1 month ago
Kenyan firms gear up for Africa's largest trade fair in Algeria
Locked out: Survey shows Kenyan women struggle to access loans
Findings highlight need for financial sector including the banking regulator to address gender bias.
By 1 month ago
Locked out: Survey shows Kenyan women struggle to access loans
Africa and Caribbean nations to deepen trade ties at summit
The IMF predicts seven African nations and one from CARICOM (Caribbean Community) will be among the world’s ten fastest-growing economies.
By 1 month ago
Africa and Caribbean nations to deepen trade ties at summit
Women face discrimination in accessing loans, new survey shows
A new survey has found that women perceive a slightly higher level of gender bias than men while accessing financial services in Kenya.
By 1 month ago
Women face discrimination in accessing loans, new survey shows
Africa and Caribbean Nations set to deepen trade ties at Bahamas summit
African and Caribbean countries are poised to forge stronger trade ties at a landmark meeting in The Bahamas.
By 1 month ago
Africa and Caribbean Nations set to deepen trade ties at Bahamas summit
US vaccine giant Moderna 'suspends' plans to build Sh65b plant in Kenya
Moderna Inc inked a deal in 2022 with the Kenyan government to invest billions of shillings in a facility that would produce up to 500 million vaccine shots a year.
By 1 month ago
US vaccine giant Moderna 'suspends' plans to build Sh65b plant in Kenya
Major boost for Kenyan flower farmers as UK suspends export tariffs
Following the move, unlimited quantities of flowers can now be exported to the UK at 0% tariff, even if they transit via a third country. 
By 1 month ago
Major boost for Kenyan flower farmers as UK suspends export tariffs
Naivasha traders call on state intervention following months of blackouts
Naivasha residents have petitioned Energy Cabinet Secretary Davis Chirchir and Kenya Power CEO Dr Joseph Siror to address frequent power blackouts in the area.
By 1 month ago
Naivasha traders call on state intervention following months of blackouts
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