Stories By Bernard Wafula
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CMA engages Genghis Capital on unmet obligations, assures investor protection
Jan 22, 2025 at 05:22 PM
The Capital Markets Authority (CMA) has initiated discussions with Genghis Capital Limited to address the firm's outstanding debt to its stakeholders....
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Kenya Power awarded Sh4.15 billion in tenders to marginalised groups in 2024
Jan 21, 2025 at 01:40 PM
Kenya Power has exceeded its target for awarding tenders to youth, women, and persons with disabilities (PWDs) in the 2023/2024 financial year, allocating a total of Sh4.15 billion...
Govt loses Sh144 million in a month as SGR passenger numbers take a plunge
Jan 20, 2025 at 02:25 PM
The Standard Gauge Railway (SGR), once hailed as a game-changer in Kenya’s transport sector has hit a rough patch, with passenger numbers plummeting between August and September ...
KRA's new tax rates for fringe benefits, deemed interest and low-interest loans
Jan 17, 2025 at 11:27 AM
The Kenya Revenue Authority (KRA) has unveiled updated tax rates for fringe benefits, deemed interest, and low-interest loans, which will take effect in January 2025....
KRA issues ultimatum to commercial vehicle owners over advance tax deadline
Jan 16, 2025 at 08:01 AM
The Kenya Revenue Authority (KRA) has set the clock ticking for commercial vehicle owners, reminding them to pay their advance tax for the 2025 income year by January 20, 2025....
Private sector lending slows to 4 per cent amid currency woes, CBK report shows
Jan 14, 2025 at 10:25 AM
Private sector credit growth in Kenya dropped sharply to 4 per cent in the 2023/24 financial year, totalling Sh3.8 trillion, a stark contrast to the 12.2 per cent recorded in the p...
Kenya ratifies convention to enhance global tax compliance, curb treaty abuse
Jan 10, 2025 at 04:28 PM
Kenya has officially ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS Convention), a significant step...
Kenya's economic growth slumped to 4 per cent in Q3 2024, KNBS report reveals
Jan 09, 2025 at 03:02 PM
Kenya's economic growth slowed to 4.0 per cent in the third quarter of 2024, down from 6.0 per cent recorded in the same period in 2023, according to the Kenya National Bureau of S...
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Kenafric’s expansion gains CAK approval in economic industries acquisition
Dec 19, 2024 at 08:50 PM
The Competition Authority of Kenya (CAK) has given the green light for Kenafric Manufacturing Limited to acquire the business and assets of Economic Industries Limited....
Kenya’s debt soars to Sh10.8 trillion as pressure on finances mounts
Dec 19, 2024 at 12:15 PM
Kenya’s public debt has surged to Sh10.8 trillion, as reported by the Central Bank of Kenya (CBK) in its latest September 2023 data....
MPs reject proposal to centralise KRA deputy commissioners’ appointments
Dec 18, 2024 at 02:13 PM
Members of Parliament have rejected a government-backed proposal to transfer the authority to appoint Kenya Revenue Authority (KRA) deputy commissioners solely to the Commissioner ...
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Kenya extends G-to-G fuel importation deal as global crude prices fluctuate
Dec 17, 2024 at 08:52 PM
The Kenyan government has secured an extension to its crucial deal with Saudi Aramco, the Abu Dhabi National Oil Corporation (ADNOC), and the Emirates National Oil Company (ENOC) t...
Kenya Bankers Association appoints Raimond Molenje as its new CEO
Dec 16, 2024 at 11:03 AM
The Kenya Bankers Association (KBA) has appointed Raimond Molenje as its new Chief Executive Officer, effective December 1, 2024....
World Bank cuts Kenya's 2024 economic growth projection by 0.3 per cent
Dec 10, 2024 at 03:39 PM
The World Bank has revised Kenya's economic growth projection for 2024 to 4.7 per cent, down from an earlier estimate of 5.0 per cent....
Kenyan fintech Leja surpasses Sh256 billion in B2B transactions in 2024
Dec 10, 2024 at 01:54 AM
Kenyan fintech firm Leja has announced that its B2B payment service has processed $2 billion (approximately Sh259 billion in transactions since its launch earlier this year....
Kenyan banks undertake to lower their interest rates in line with CBK directive
Dec 09, 2024 at 07:55 PM
Kenya’s banking industry is gearing up to reduce lending rates in a move to tackle the persistent challenges of high borrowing costs, as announced by the Kenya Bankers Associatio...
KRA announces it has surpassed Sh1 trillion revenue mark ahead of schedule
Dec 09, 2024 at 02:00 PM
The Kenya Revenue Authority (KRA) has achieved a significant milestone by collecting Sh1.005 trillion in revenue as of November 30, 2024....
Airtel Money unveils festive lifeline with Paybill 'Rudishiwa Transaction Fee' offer
Dec 06, 2024 at 05:13 PM
Airtel Money customers have been handed a festive season lifeline with the launch of the “Rudishiwa transaction fee” offer....
M-Pesa clocks 34 million users in Kenya
Dec 05, 2024 at 03:44 PM
In November 2024, Safaricom’s mobile money service, M-Pesa, marked a significant milestone with 34 million subscribers....
I&M Bank also reduces its lending rates
Dec 02, 2024 at 10:11 AM
I&M Bank has announced a 0.75 per cent reduction in its interest rates, following the Central Bank of Kenya's (CBK) recent decision to lower the Central Bank Rate (CBR)....
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