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E-mobility players push for tax regime overhaul to ignite uptake of EV in Kenya
Apr 24, 2024 at 08:41 PM
The Electric Mobility Association of Kenya (EMAK) is making a strong case for a tax overhaul to propel the nation towards widespread electric vehicle (EV) adoption....
Kenya Power ordered to pay Woolworths Sh500 million for Nakumatt fire of 2009
Apr 24, 2024 at 08:08 PM
Kenya Power has been ordered by the High Court to compensate Woolworths Limited over Sh500 million for the 2009 fire that destroyed the Nakumatt Downtown Supermarket on Kenyatta Av...
Govt takes bold step to spur industrial growth with night-time power incentives
Apr 24, 2024 at 03:20 PM
The industrial sector in Kenya has received a significant boost as President William Ruto unveiled a pioneering initiative aimed at enhancing the country's manufacturing capabiliti...
Kenyans face surge in vehicle ownership costs as state considers additional taxes
Apr 24, 2024 at 05:53 AM
Kenyan car owners may soon face a new tax burden as the government explores ways to raise revenue and promote environmentally friendly vehicles....
Kenya's textile industry leaps forward with Nexgen Packaging EPZ launch
Apr 23, 2024 at 10:23 PM
In a momentous event on Tuesday, President William Ruto and US Ambassador to Kenya Meg Whitman inaugurated Nexgen Packaging Kenya EPZ Limited, marking a significant milestone in Ke...
Iranian reassurance calms volatile global oil markets following alleged attack
Apr 23, 2024 at 09:58 PM
A collective sigh of relief swept across global markets as tensions in the Middle East appeared to cool down....
Kenyan poultry farmers in fight for survival as US import deal looms
Apr 23, 2024 at 07:49 PM
Kenya's poultry industry faces a potential meltdown as a proposed trade deal with the United States threatens to unleash a wave of imported chicken, displacing local producers and ...
NEMA bans conventional plastic bags popular for organic waste collection
Apr 22, 2024 at 07:39 PM
The National Environment Management Authority (NEMA) has implemented a new directive mandating the use of 100 per cent biodegradable garbage bags for organic waste collection....
Bolt, M-Kopa partnership sparks green revolution in Kenya's ride-hailing industry
Apr 22, 2024 at 06:09 PM
In a groundbreaking move towards sustainable urban mobility, Bolt, an on-demand mobility company, in partnership with M-KOPA, a leading African fintech platform, has unveiled its e...
Inside Kenya Power's Sh258 million plan to boost e-mobility uptake in the country
Apr 22, 2024 at 01:49 PM
Kenya Power has committed to pump a whopping Sh258 million within the next three years in an effort to promote the uptake of electric vehicles in the country....
How KTB and Inchcape seek to attract more global adventure riders to Kenya
Apr 22, 2024 at 12:28 PM
Kenya Tourism Board (KTB) has unveiled a partnership with Kenya Motorsports Federation (KMSF) to attract global bike riders to Kenya to stage the country’s alternative tourism si...
Safaricom's Ethiopia venture receives boost as telecom regulator slashes rates
Apr 19, 2024 at 11:43 AM
Safaricom's ambitions in the Ethiopian telecommunications market received a significant boost following the Ethiopian Communications Authority's (ECA) decision to slash mobile term...
Kenya ranks among top African nations in millionaire population, report finds
Apr 19, 2024 at 10:10 AM
Kenya has secured its place among the top African countries with a significant population of millionaires, following South Africa, Egypt, and Nigeria, according to the recently rel...
Boda-boda operators demand inclusion in probe into BNPL lending practices
Apr 18, 2024 at 04:45 PM
The Boda-Boda Safety Association of Kenya has urged Parliament to ensure their representation in the ongoing investigation into the regulation of the Buy-Now-Pay-Later (BNPL) credi...
Looming budget gaps threaten Kenya's economic growth targets, IPF warns
Apr 18, 2024 at 01:54 PM
The government's ambitious 5.5 per cent economic growth target for the 2024-25 fiscal year faces a significant hurdle: gaps in the Sh4.1 trillion budget....
KQ temporarily suspends flights to Dubai owing to historic rains, airport flooding
Apr 17, 2024 at 04:41 PM
National carrier Kenya Airways (KQ) has decided to temporarily suspend its flights from Nairobi to Dubai due to historic heavy rains and flooding in the United Arab Emirates (UAE)....
Jubilee Health Insurance net earnings grow 29 per cent to Sh438 million in 2023
Apr 17, 2024 at 02:46 PM
Jubilee Health Insurance has reported a 29 per cent increase in its net earnings to Sh438 million in the 2023 financial year from Sh339 million posted during a similar period in 20...
Matatu owners promise passengers a paltry 10 per cent fare slash nationwide
Apr 16, 2024 at 05:49 PM
Kenyan commuters can expect some slight financial relief as matatu fares are poised to drop by up to 10 per cent across the country....
Kenya cracks down on greenwashing with new draft green finance rules
Apr 16, 2024 at 05:33 PM
The Central Bank of Kenya (CBK) has taken a significant step towards combating greenwashing in the financial sector by publishing draft rules for a Kenya Green Finance Taxonomy (KG...
Retail investors become top domestic state lender as Kenyans embrace bonds
Apr 16, 2024 at 03:48 PM
Recent data, released by the Central Bank of Kenya (CBK) has revealed that retail investors in Kenya have become the fastest-growing domestic lenders to the government, surpassing ...
Govt urged to reinstate stamp duty exemption for real estate investment trusts
Apr 16, 2024 at 03:21 PM
Kenya's property sector is witnessing renewed lobbying efforts as the Capital Markets Authority (CMA) joins forces with Real Estate Investment Trusts (REITs) to reinstate a crucial...
Private Security Firms ordered to cease remitting trade union fee deductions
Apr 16, 2024 at 12:48 PM
The Private Security Regulatory Authority (PSRA), a Kenyan government agency overseeing the security industry, has ordered a temporary halt in deductions and remittances of union d...
Equity expands money transfer services to over 30 countries with Mastercard deal
Apr 16, 2024 at 11:33 AM
Equity Bank, a leading Kenyan bank, has announced a significant expansion of its international money transfer services, reaching over 30 countries through a new collaboration with ...
Why Govt is mulling slashing its public sector wage bill to 35 per cent by 2028
Apr 16, 2024 at 10:47 AM
The government announced plans to reduce the public sector wage bill from 43 per cent to 35 per cent of national revenue by 2028....
I&M Bank facilitates SMEs growth with free M-Pesa and Airtel Money transfers
Apr 15, 2024 at 04:49 PM
In a bid to bolster the growth of small businesses and enhance financial inclusivity, I&M Bank has extended its offering of free M-Pesa and Airtel Money transfers to sole business ...
Relief at the switch as Kenya Power announces slight power cost reduction
Apr 15, 2024 at 04:30 PM
Kenyans can expect some welcome relief on their electricity bills as Kenya Power, the country's main electricity distributor, announced a 13.7 per cent reduction in power costs eff...
Kenya Airways Secures continued government support despite insolvency
Apr 15, 2024 at 02:48 PM
Kenya Airways (KQ), the national carrier of Kenya, has received a lifeline from the Treasury in the form of a one-year commitment to continued financial support....