In addition, tax exemptions and incentives are causing a further revenue loss of Sh105 billion each year.
Ann NyamburaThe outcome of the mission will be a detailed report capturing the team’s findings and offering recommendations to guide the country forward.
Maureen KinyanjuiPresident Ruto said the move is part of a broader strategy to expand the country’s capital markets and attract private investment into key state-owned enterprises.
Brenda SockyThe Monetary Policy Committee (MPC) said the decision was aimed at encouraging more borrowing by the private sector to stimulate economic activity. However, while borrowing is becoming cheaper, returns on savings have dropped.
Maureen KinyanjuiThis decision, announced following a meeting between President William Ruto and UK Prime Minister Sir Keir Starmer, aims to address ongoing challenges in cargo and passenger transport.
Maureen KinyanjuiSafaricom Ethiopia currently has 900 direct employees, 97 per cent of whom are Ethiopian nationals.
Maureen KinyanjuiIn a statement issued Tuesday, July 1, KNCCI described Rutto's appointment as a significant recognition of Kenya’s and Africa’s growing influence in global trade.
Brenda SockyDespite that, Central Bank of Kenya Governor Kamau Thugge revealed in June that Kenya had, in October 2024, applied for a new IMF-supported programme to help roll over the undrawn funds.
Brenda SockyThis strategic expansion aims to strengthen the airline’s international reach and improve travel options for its customers.
Brenda SockyAccording to provisional data from the Kenya National Bureau of Statistics (KNBS), imports between January and April 2025 amounted to Sh882.16 billion, a 3.63 percent decrease compared to Sh915.43 billion in the same period last year.
Maureen KinyanjuiKRA acknowledged the massive turnout of taxpayers on June 30 and attributed the delays to technical disruptions caused by high traffic on its online filing platform.
Maureen KinyanjuiDespite these declines, prices of some food items, particularly vegetables, continued to rise. Cabbages and carrots registered significant increases of 10.8 per cent and 11.1 per cent, respectively.
Maureen KinyanjuiThe shilling weakened against nearly all key trading currencies in April, except the South African Rand and the Tanzanian Shilling.
Brenda SockyThis is according to the latest Sector Statistics Report issued by the Communications Authority of Kenya (CA) on June 30.
Brenda SockyThe report, Why Carbon Markets Are a Dangerous Distraction for Africa, was developed in collaboration with global climate scientists and experts.
Brenda SockyThe authority clarified that returns must be filed even if an employer already deducts and remits Pay As You Earn (PAYE) on behalf of an employee.
Rose AchiengUnder CEO Mark Zuckerberg’s direction, the company has been on a recruitment spree, reportedly offering eye-watering incentives to lure top engineers away from rival firms.
Brenda SockyBAHL had operated in Kenya since April 9, 2018, after receiving approval from CBK. Its Nairobi office served only as a liaison and marketing center for its parent company in Pakistan and global affiliates.
Brenda SockyNotably, food price inflation continues to outpace overall inflation in 60% of the 161 countries with available data, signaling ongoing pressure on household food budgets.
Brenda SockyMaser’s footprint in Kenya aligns with government initiatives to expand national grid coverage and embrace clean energy solutions.
Brenda SockyMang’eni’s appeal comes amid broader government efforts to empower micro, small, and medium enterprises (MSMEs) to play a leading role in transforming key sectors like agriculture and manufacturing.
Brenda SockyThis integration is aimed at improving transparency and ensuring accurate tax reporting for every fuel sale.
Maureen KinyanjuiThrough the campaign, KRA is targeting individuals with unpaid principal tax, promising a full waiver on penalties and interest for those who clear their dues before the deadline.
Brenda SockyThe lender aims to channel the funds through its Catalytic Fund, a facility it uses to offer patient capital to early-stage and growing businesses in sectors such as agribusiness, manufacturing, creative arts, education, and healthcare.
Maureen KinyanjuiEAA Company Limited has been handed a three-year ban by the Public Procurement Regulatory Authority (PPRA), effective from March 18, 2025.
Rose AchiengData from the Insurance Regulatory Authority shows that 63 percent of MSMEs in Kenya did not have any form of insurance as of December 2024, leaving them exposed to shocks such as political unrest and natural disasters.
Maureen KinyanjuiThe rise in claim rejections comes as insurers invest heavily in technology to combat fraudulent reporting. Companies are adopting advanced tools, including Artificial Intelligence, to vet and verify claims more effectively.
Maureen KinyanjuiThe move, once cleared by the Central Bank of Kenya and Emirati regulators, will anchor the bank’s operations in the Gulf region and enable it to better support East African businesses and investors operating in or trading with the UAE.
Maureen KinyanjuiCo-op Bank clarified that the actual cash loss was minimal and confirmed that no injuries occurred among staff or customers
Maureen KinyanjuiThe Finance Act revises six key tax laws, introducing new incentives, exemptions and obligations for businesses, employees, and digital service providers.
Maureen Kinyanjui