Business
Government approves acquisition of National Bank of Kenya by Nigerian lender
In October last year, the Competition Authority of Kenya (CAK) gave its nod for the full sale of National Bank of Kenya shares.
Business
Business
Digital shift as KRA targets real estate with new tax platform
The system is built on the Gava Connect platform, a broader government initiative designed to centralize and simplify access to public services.
Business
Employees to pay lower taxes on welfare loans after KRA review
The tax, which applies to welfare benefits such as low-interest loans provided by employers, has now been pegged at its lowest level since January 2023.
Business
Kenya proposes new law to provide stipends to jobless workers
The Bill, tabled by Majority Leader Kimani Ichung’wah, is set to alleviate the strain on Kenyans who have been left vulnerable by these unpredictable shocks.
Business
Banks face daily penalties from CBK over unchanged loan rates
CBK Governor Kamau Thugge revealed that inspections of commercial banks began in February, with 13 banks already reviewed.
Business
Drone program unveiled to deliver real-time soil data to Kenyan farmers
This initiative promises to transform how farmers access vital information, ultimately boosting agricultural productivity.
Business
Kenyan banks post record profits amid 2024 economic challenges
The success of these financial institutions was largely driven by their ability to manage operations efficiently, with KCB Group leading the pack.
Business
Kenya's shift to cleaner energy reduces Kerosene consumption to record low
The government has also pushed for the adoption of solar lanterns, especially in off-grid rural areas, to replace kerosene lighting.
Business
CS Mbadi to consult on reviewing civil servants' salaries after uproar
Section 19(3) of the Employment Act, 2007, prohibits employers from deducting more than two-thirds of an employee’s basic salary.
Business
KEBS boss on the spot as MPs demand resignation over Sh429 million scandal
The committee, chaired by Shinyalu MP Bernard Shinali, accused her of showing disrespect to Parliament by skipping the meeting despite having chosen the date herself.
Business
Agriculture Ministry steps in to resolve Kapkoros Tea Factory dispute
The dispute resulted in significant losses, with thousands of kilos of tea being wasted and operations at the affected factories being disrupted. This led to government intervention to address the situation.
Business
Mudavadi raises concern over ongoing hunger problem in Kenya
Mudavadi called for bold, science-driven solutions to tackle the global food security crisis.