Business Archives - Page 21 of 109

EACC Investigates Alleged Siphoning of Sh18 Billion from Nairobi County Coffers

The Ethics and Anti-Corruption Commission (EACC) has initiated investigations into the misappropriation of funds totaling billions of shillings at the Nairobi City County government

February 21, 2024

Business·News·TL

KEBS Prohibits Importation Of Secondhand EVs with Battery Life Below 80%

The Kenya Bureau of Standards (KEBS) on Monday, February 19 announced a new prohibition, preventing the importation of used electric vehicles with a battery

February 21, 2024

Business·News·TL

Government Persists in Crackdown on Illegal Powder Milk

The Kenya Dairy Board has issued a warning to traders against engaging in the trade of illegal powdered milk, which is capturing a significant

February 20, 2024

Business·News·TL

Sakaja Directs Long-Term Businesses to Obtain Unified Business Permits

Nairobi Governor Johnson Sakaja has ordered the transition of cess payments for long-term businesses to Unified Business Permits. Addressing a Revenue Mobilisation meeting attended

February 19, 2024

Business·News·TL

Cabinet Approves Privatisation of State-owned Hotels, Lodges

In the ongoing program initiated last year, the Cabinet, chaired by President William Ruto in a meeting at State House Nairobi on Wednesday, approved

February 15, 2024

Business·News·TL

David Ndii Mocks Samia Suluhu as Tanzania Runs Out of Dollars to Buy Fuel

The Kenyan Shilling has this week surprised many by making unexpected gains against the dollar. On Sunday, the official exchange rate was $1 =

February 14, 2024

Business·News·TL

Ex-Nairobi Finance Chief Recovers Sh168 Million, to Forfeit Sh114 Million, 4 Apartments and Maisonette

A former Nairobi County Finance Officer has successfully argued for a reduction in the cash he is required to forfeit to the State. Jimmy

February 13, 2024

Business·News·TL

KRA Announces Revised Dates for Pre-filled VAT Returns

The Kenya Revenue Authority (KRA) has announced new dates for implementing pre-filled value-added tax (VAT) returns. In a statement, the taxman indicated that the

February 13, 2024

Business·News·TL

Authority Aims to Register 50,000 Airbnb Listings

The Tourism Regulatory Authority (TRA) revealed plans to enroll at least 50,000 short-term accommodation facilities based on Airbnb within three months. The General Manager

February 13, 2024

Business·News·TL

Unclaimed Financial Assets Authority (UFAA) Launches Strategic Initiatives for Increased Efficiency

The Unclaimed Financial Assets Authority (UFAA) has launched its 3rd Generation Strategic Plan 2023-2028, detailing measures aimed at achieving a reduced turnaround time for

February 12, 2024

Business·News·TL

How to Use Clubhouse for Business?

Clubhouse is a relatively new audio-only social media platform where people can meet, talk, and share ideas. You can think of it as a

February 10, 2024

Business

Ruto Secures KES.350 Billion Funding from Japan for Key Projects

Financial agreements worth KSh350 billion have been signed during President William Ruto’s visit to Japan. These agreements will support projects and programmes in sectors

February 9, 2024

Business·News·TL

Huawei Kenya Partners with Mama Doing Good to Provide Digital Skills Training for Women

Huawei Kenya has equipped 100 women, selected from different table banking groups in Nairobi, with digital and entrepreneurship skills to enable them to leverage

February 9, 2024

Business·Tech·TL

Ex-Girlfriend of Deceased Tycoon Fai Amario to Receive 5 Percent of his Sh760M Estate

The court has approved a consent agreement by the majority of Naivasha tycoon Fai Amario’s children, acknowledging Ms. Salome Wanjiku as a beneficiary of

February 8, 2024

Business·News·TL

TOYOTA Commits Sh800 Million to Thika Vehicle Manufacturers

Kenya and Toyota Tsusho Corporation of Japan have signed a framework agreement for collaboration in vehicle manufacturing and renewable energy development. The agreement will

February 8, 2024

Business·News·TL

Housing Levy Set To Make a Comeback in March as MPs Rush To Make it ‘Constitutional’

As was widely anticipated, the revival of the housing levy, previously nullified by the judiciary, is on the horizon with Kenyan lawmakers working quickly

February 7, 2024

Business·News·TL

125 Junctions in Nairobi To Get Traffic Lights, Cameras

Nairobi, Kenya’s bustling capital, is poised for a major upgrade to its traffic management system, courtesy of a Chinese-funded initiative. The project, spearheaded by

February 7, 2024

Business·News·TL

KeNHA To Rent Out Roadside Stations To Private Developers, for Restaurants, Parking

In an ambitious move to enhance road safety and comfort for travelers, the Kenyan government, through the Kenya National Highways Authority (KeNHA), has unveiled

February 7, 2024

Business·TL