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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....
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State halts East Africa Portland Cement operations over million in unpaid debts
Dec 19, 2024 at 06:58 PM
The Ministry of Mining has halted operations at East Africa Portland Cement (EAPC) and its three quarries, citing unpaid debt and regulatory violations....
KRA announces changes to PAYE computation under amended tax laws
Dec 19, 2024 at 05:43 PM
The Kenya Revenue Authority (KRA) has announced new changes to the computation of Pay-As-You-Earn (PAYE), effective from December 27, 2024, as outlined in the Tax Laws (Amendment) ...
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....
4,700 vehicles registered last-minute to beat NTSA's fast-approaching deadline
Dec 18, 2024 at 03:09 PM
A total of 4,700 vehicles were registered within a week as car owners rushed to meet the National Transport and Safety Authority’s (NTSA) deadline to avoid fines of up to Sh300,0...
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 ...
Kenya to revamp electronic travel authorisation system to boost tourism
Dec 18, 2024 at 01:46 PM
The Cabinet has approved plans to review and strengthen Kenya’s Electronic Travel Authorisation (ETA) System in a move aimed at enhancing the country’s competitiveness as a tou...
How Govt plans to cut cooking gas prices
Dec 18, 2024 at 12:01 PM
The government is poised to introduce a new system of importing liquefied petroleum gas (LPG) that aims to significantly reduce consumers' costs of cooking gas....
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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...
Teja Spaces convenes inaugural Teja Talks Speaker Series in Nairobi
Dec 17, 2024 at 02:46 PM
Teja Spaces, a premier co-working solutions provider, has unveiled the Teja Talks Speaker Series, an initiative aimed at fostering insightful dialogue and innovation among business...
Sh3.2 billion in M-Pesa accounts now in UFAA's hands as unclaimed funds mount
Dec 17, 2024 at 10:46 AM
Kenya’s growing pile of unclaimed financial assets has hit alarming heights, with Sh3.2 billion lying idle in dormant M-Pesa accounts alone....
NCBA honours top vehicle dealers and partners at annual Johari Awards
Dec 16, 2024 at 04:11 PM
NCBA celebrated its strategic alliances with vehicle dealers and insurance partners at the prestigious Johari Awards gala held at Ole Sereni Hotel, Nairobi....
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Tetra Pak’s paper-based barrier novelty secures the resource efficiency award
Dec 16, 2024 at 11:05 AM
Tetra Pak’s paper-based barrier material innovation has seen the company bag the Resource Efficiency Award during the prestigious Sustainable Packaging News Awards 2024....
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....
KRA dismisses 25 staff as anti-graft purge recovers Sh549 million
Dec 16, 2024 at 10:28 AM
According to the Kenya Revenue Authority (KRA)'s latest report, 25 employees were dismissed between July and September 2024 to address internal corruption....
KRA collaborates with KNCCI to foster tax compliance among MSMEs in Kenya
Dec 13, 2024 at 10:10 AM
Kenya Revenue Authority (KRA) and Kenya National Chamber of Commerce and Industry (KNCCI) are partnering to expand Micro Small and Medium Enterprises (MSMEs) in Kenya....
Bolt unveils new grocery delivery service to tap into growing Kenya market
Dec 13, 2024 at 09:45 AM
Bolt has unveiled a new grocery delivery service as it seeks to tap into the growing demand by consumers for groceries delivered to their doorsteps fast and in a convenient manner....
Co-opBank unveils business-focused Visa cards to drive digital transformation
Dec 10, 2024 at 11:48 PM
The Co-operative Bank of Kenya and Visa have launched three new financial products designed for Medium and Small Enterprises (MSMEs), co-operative societies, and corporate institut...
Kenya’s Sh898 billion borrowing in 2023-2024 FY signals deepening debt crisis
Dec 10, 2024 at 10:07 PM
Kenya’s insatiable appetite for loans has added 36 new foreign debts worth Sh898 billion to its books during the 2023-2024 fiscal year, according to the Africa Centre for Open Go...
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....
Safaricom Foundation unveils Sh120 million Agri-Eco Hub Project in Busia
Dec 10, 2024 at 01:46 PM
The Safaricom Foundation has introduced the Wezesha Agri-Eco Hub Project in Busia County, targeting the empowerment of over 5,000 youth through training in agribusiness, enterprise...
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Total Energies issues profit warning ahead of the release of its 2024 FY results
Dec 10, 2024 at 12:48 PM
TotalEnergies Marketing Kenya PLC has issued a profit warning, revealing that it expects its 2024 full-year profit after tax to fall by over 25 per cent compared to the previous ye...
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....
Hustler Fund borrowers to get bigger loans as credit rating system adopted
Dec 10, 2024 at 01:35 AM
Hustler Fund borrowers will be able to access bigger loans as the government adopts a credit rating system to enhance the facility’s capacity and effectiveness in the next phase....
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...
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PCF embarks on ambitious campaign to restore confidence in insurance sector
Dec 09, 2024 at 02:45 PM
The Policyholders Compensation Fund (PCF) has embarked on an ambitious campaign, “PCF Mtaani,” to raise awareness about its mandate and functions....
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....