Business

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Yatani Budget: Winners and losers in Kenya’s Build Back Better Economic Blueprint

Expect greater bread and motorcycle costs after the fronting of new taxes by Treasury Cabinet Secretary Ukur Yatani in his budget statement on Thursday. While new tax proposals were already...
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Budget Reading: Details about the Ambitious Budget for 2021

When the clock strikes quarter past three this afternoon, National Assembly speaker Justin Muturi will usher in Treasury Cabinet Secretary Ukur Yatani to make his 2021/2022 budget statement. In the...
agrics

Budget Breakdown: Agriculture Sector wins Big with 62.7B Allocation

FOOD: The Agriculture sector has been allocated Sh62.7 billion in the 2021/2022 financial year to enhance food production and increase farmers’ income. In the budget to be read today by National...
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Farmers First: Why Nzoia Sugar MD Wanjala was Fired by CS Munya

It's now confirmed and official that Nzoia Sugar Managing Director Michael Wanjala Makokha has been suspended and replaced by a Sugar Sector guru from Busia who is a civil servant...
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Why KRA has frozen 66,269 pins from the iTax platform

The Kenya Revenue Authority (KRA) is expected to make 66,269 pins dormant effective from Thursday this week. The owners of the pins who include individuals and business entities are set...
yatani

Budget Breakdown: Taxation, Food, Debt and stimulus package.

National Treasury Cabinet Secretary Ukur Yatani will tomorrow table the 2021-2022 budget with Kenyans expressing mixed expectations over the ambitious Sh3.66 trillion spending plan. While different sectors of the economy...
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Safaricom the Better Option In Ethiopia as President Uhuru set to witness award of licence to Consortium

President Uhuru Kenyatta has arrived in the Ethiopian capital Addis Ababa for an official visit on Tuesday that will include, among other bilateral issues, the formal award of a telecom...
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Here are the Conditions by Devki Tycoon before taking over Mumias Sugar

Devki Group of Companies Chairman Dr Narendra Raval says he is willing to return to the Mumias Sugar (In Receivership) leasing bid from July 1st 2021 only if various stakeholders...
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Uhuru unveils Ksh.2.2B Agribusiness fund as he launches Rebranded 4-K Clubs

President Uhuru Kenyatta on Friday unveiled the Ksh.2.2 billion Empowering Novel Agribusiness-led Employment (ENABLE Kenya) program, a youth capacity building initiative aimed at creating employment, generating income and bridging succession...
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Equity Bank Ranked Best in Kenya for 10 Years in a row.

Equity Bank Kenya has received 22 accolades in the 2021 Banking Awards by Think Business cementing the bank’s position as the leading bank in Kenya. For the 10th year in a...
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Why you Will Get FREE Safaricom Data for the Next 90 Days.

Safaricom has today unveiled a new data campaign that will see customers enjoy free data every day customised to their usage profiles. As part of the campaign, customers can redeem...
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President Kenyatta Applauds KDF For Reviving Kenya Meat Commission

President Uhuru Kenyatta has applauded Kenya Defence Forces (KDF) for reviving Kenya Meat Commission (KMC) saying the Government's decision to transfer the meat processor to the Ministry of Defence was...
bread

Probe Reveals Kenyans Eating Bad Bread, Competition Authority Issues new Orders to Manufacturers.

The Competition Authority of Kenya (CAK) has issued new orders to bread manufacturers after a recent probe revealed non-compliance to provisions of the Competition Act and other relevant Standards. In...
kebs

KEBS approves new standards to enhance information security and Conformity.

The Kenya Bureau of Standards (KEBS) has approved forty new standards to enhance information and cyber security and safeguard consumer privacy. The new standards outline various techniques and methods for...
mumias

Billionaire, Narendra Raval Among 8 Bidders Planning to invest Shs 5B in modernizing Mumias Sugar.

A tender for the leasing of debt-ridden Mumias Sugar has attracted eight firms, including the Devki Group- a steel and cement manufacturing conglomerate run by tycoon Narendra Rava. The giant...
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Safaricom Gains Entry to Ethiopia as The consortium wins Coveted telco licence.

Safaricom Plc and five of its partners under the Global Partnership for Ethiopia have won the bid to roll out mobile telecommunication services in Ethiopia ending the decade-long monopoly held...
748

748 Air Launches Direct flights From JKIA to Kisumu

Aviation company, 748 Air Services has increased its service offering by launching two daily flights between Nairobi and Kisumu. The airlines chairman Ahmed Jibril stated that they are targeting tourism...
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Kibaki Legacy Project: President Uhuru Kenyatta to commission LAPSSET Lamu Port

In 2012, the then President Mwai Kibaki was joined by Kiir, the then Ethiopian Prime Minister the late Meles Zenawi and Uganda President Yoweri Museveni lay down a foundation plaque...
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Health Bill: Every Adult to pay 6,000, Employers to pay NHIF contributions for staff.

Kenyan employers face additional burden of statutory deductions if Parliament passes a Bill that requires business owners to match workers’ monthly contributions to the National Hospital Insurance Fund (NHIF). Doubling...
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Cooperative Bank reports 4% drop in Q1 net profit as it increases provisions for loan losses

The Co-operative Bank of Kenya has posted a marginal profit dip with earnings through three months to March falling slightly by 2.8 per cent to Ksh.3.5 billion. The truncated profitability...
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