Stories By Bernard Wafula
Surge in non-performing loans triggers wave of auctions across the country
Oct 23, 2024 at 03:02 PM
Kenya's economic turbulence has led to a dramatic rise in non-performing loans (NPLs), which have surged to Sh651 billion in 2023....
KRA to introduce WhatsApp bot to streamline tax invoicing for small traders
Oct 23, 2024 at 11:25 AM
In a significant move to enhance tax compliance, the Kenya Revenue Authority (KRA) is set to launch a WhatsApp bot that will allow taxpayers to generate electronic tax invoices dir...
JPMorgan Chase picks Sailepu Montet as Kenya Country Manager in expansion bid
Oct 18, 2024 at 10:17 PM
In a significant move reflecting its ambitions in Africa, JPMorgan Chase has appointed Sailepu Montet as its country manager for Kenya....
Kenyan banks commit Sh450 billion to empower local MSMEs over next 3 years
Oct 17, 2024 at 04:59 PM
Kenya’s banking sector, under the Kenya Bankers Association (KBA), has announced a Sh450 billion financial boost to Micro, Small, and Medium-sized Enterprises (MSMEs) over the ne...
New KCC given 90-day ultimatum to report on productivity enhancing plans
Oct 17, 2024 at 10:10 AM
In a decisive move to enhance dairy productivity, Co-operatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya has issued a 90-day ultimatum for the New Kenya Co-operati...
KRA plans real-time cryptocurrency monitoring to curb tax evasion in Kenya
Oct 17, 2024 at 09:10 AM
The Kenya Revenue Authority (KRA) is set to introduce a new tax system designed to monitor cryptocurrency transactions in real-time....
Kenya banks challenged to lower their interest rates to support MSMEs growth
Oct 16, 2024 at 08:21 PM
Local banks must lower their lending rates if Kenya’s micro, small, and medium-sized enterprises (MSMEs) are to thrive....
Safaricom unveils MySacco App to digitally transform SACCO management
Oct 16, 2024 at 02:53 PM
Safaricom has unveiled a revolutionary digital tool aimed at reshaping the way Savings and Credit Cooperative Organisations (SACCOs) in Kenya manage their membership and financial ...
Nairobi to host Anti-Financial Crime Summit as grey listing dares economy
Oct 16, 2024 at 11:01 AM
Nairobi is set to become the focal point for discussions on financial integrity with the inaugural Kenya Anti-Financial Crime Summit, taking place on 24 and 25 October....
Coca-Cola faces COMESA probe over its alleged anti-competitive actions in Africa
Oct 15, 2024 at 05:01 PM
The Coca-Cola Company is under scrutiny as the Common Market for Eastern and Southern Africa (COMESA) Competition Commission has launched an investigation into suspected anti-compe...
Kenya migrates its RTGS system in bid to boost payment security and processing
Oct 15, 2024 at 12:24 PM
Kenya has successfully transitioned its Real-Time Gross Settlement (RTGS) system to the ISO20022 Global Messaging Standard in a major stride towards modernising its financial lands...
Reprieve as EPRA announces significant drop in fuel pump prices in latest review
Oct 14, 2024 at 08:11 PM
Kenyans are celebrating a long-awaited relief at the pump as the Energy & Petroleum Regulatory Authority (EPRA) announced a significant drop in fuel prices....
NCBA expands its presence in coastal region with a new Branch in Ukunda
Oct 14, 2024 at 03:37 PM
NCBA Bank has expanded its reach in Kwale County with the launch of a new branch in Ukunda, marking a major step in its growth strategy....
Mondelēz and Coca Cola partner to launch limited edition Oreo cookies
Oct 13, 2024 at 04:15 PM
Mondelēz International, renowned manufacturer of Oreo cookies, has teamed up with Coca-Cola to introduce a limited-edition Oreo cookie infused with the taste of Coca-Cola....
Kuria 'clarifies' comments on paybill and till numbers transitioning to virtual ETRs
Oct 11, 2024 at 01:05 PM
Moses Kuria, Senior Advisor to President William Ruto, has addressed recent media reports that he termed as misinterpretations of his remarks on Virtual Electronic Tax Registers (E...
KAA urged to act as Kakamega Airstrip disrepair hurts residents, businesses
Oct 11, 2024 at 08:03 AM
Kakamega County’s vibrant business community has come to a standstill, with residents calling on the Kenya Airports Authority (KAA) to urgently rehabilitate the Kakamega Airstrip...
State eyes paybills, till numbers for virtual ETRs in tax base expansion bid - VIDEO
Oct 10, 2024 at 05:41 PM
In a move aimed at expanding the country’s tax base, the Kenyan government has announced that all pay bills will be classified as virtual electronic tax receipt systems starting ...
Visa launches new airport lounge access app to enhance passenger experience
Oct 09, 2024 at 09:51 PM
In a significant leap towards transforming the travel experience, Visa has unveiled the Visa Airport Companion (VAC) app, a pioneering digital tool designed to enhance airport loun...
Postal Corporation set to receive Sh1.6 billion from Govt debt settlement plan
Oct 09, 2024 at 05:10 PM
In a significant boost to the Postal Corporation of Kenya (PCK), the government has pledged to settle a longstanding debt of Sh1.6 billion owed to the parastatal....
CBK cuts interest rates to 12 per cent to spur economic growth, tame inflation
Oct 08, 2024 at 11:09 PM
In a move that is expected to stimulate economic growth and provide relief to borrowers, the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR)....