Business
Kenya and Tunisia sign deal to strengthen women-led SMEs
Running from June 16 to 18, the expo marks a historic first in Kenya, aiming to deepen both economic collaboration and cultural exchange between the two countries.
Business
Technology
Survey reveals most Kenyans have fallen victim to digital fraud
The findings, based on research conducted between November 21 and December 9, 2024, show that 82 percent of respondents encountered fraud attempts through emails, phone calls, text messages, or online platforms within a three-month period.
News
Gen Z protests trigger treasury to cut Sh52bn in Government spending
National Treasury data shows spending fell from Sh751.25 billion to Sh699.30 billion, marking the first such decline since Covid.
Business
CBK extends electronic payment system operating hours on weekdays
The move is expected to ease early and late-day payment processing for institutions and businesses handling large or time-sensitive transactions.
Business
MPs question treasury over KQ’s Sh58 billion loan repayment
During a session with Treasury PS Chris Kiptoo, lawmakers questioned the decision to novate the loan and demanded accountability.
Business
MPs defend 2023 tax reforms, oppose new VAT proposals
The Finance Committee said the proposed changes would reverse gains made under the 2023 law and harm consumers.
Business
Job cuts hit manufacturing and services sectors as demand shrinks
The CBK survey, which captures views from senior leaders in private sector organisations such as the Kenya Association of Manufacturers, Kenya National Chamber of Commerce and Industry, and the Kenya Private Sector Alliance, paints a grim picture for job seekers and workers.
Business
Treasury suffers setback as MPs uphold tax break for key investors
Treasury CS John Mbadi had proposed reinstating the 30 percent rate, citing falling performance in the two sectors.
Business
Access Bank Kenya receives $15 million boost to drive expansion plans
This move comes after the Central Bank of Nigeria (CBN) granted a “No Objection” approval, clearing the way for Access Bank Plc to increase its investment in the Kenyan subsidiary.
News
Treasury turns to 2005 law to push Sh149 billion asset sales
The Treasury now plans to use the old law to push forward the sale of State assets, targeting Sh149 billion in revenue during the 2025/26 financial year through sales including a stake in Safaricom and Kenya Pipeline Compa
Business
Treasury on the spot over Sh86 billion unpaid pensions
The Treasury, which defaulted on Sh23 billion last year, is now banking on a new Pension Management System to streamline access and reduce pressure on its cash-strapped operations.
Business
CS Kagwe visits Rai’s West Kenya Sugar, launches Sh4bn annual boost for sugar sector
The visit underscored the government's commitment to enhancing private sector participation in the revival of Kenya's sugar industry.