Business Archives - Page 4 of 108

Court Ruling on City Hall Employee’s KES 643 Million Assets Faces EACC Appeal

The Ethics and Anti-Corruption Commission (EACC) has filed an appeal to overturn a High Court ruling that allowed Wilson Nashon Kanani, a City Hall

November 11, 2024

Business·News·TL

Kenyans Pay Kes.1.6 Trillion in 2023-24 to Service Debt, Taking Up 68% of Revenue

Kenya’s external debt payments in the financial year ending June 2024 reached Kes.756 billion, as the government sought to limit its domestic borrowing. This

November 11, 2024

Business·News·TL

KRA Exceeds October Revenue Target by Kes. 6.8 Billion

The Kenya Revenue Authority (KRA) surpassed its October revenue target by Kes. 6.8 billion, achieving a performance rate of 104.6% in domestic taxes. The

November 8, 2024

Business·News·TL

No Relief in Sight for Kenya, Ndii Says Economic Recovery Requires Major Reforms

David Ndii, Chairperson of the Presidential Council of Economic Advisors, warned Kenyans that the country will face continued tough economic times. Responding to public

November 8, 2024

Business·News·TL

High Court Strikes Out Case Against GMO Food Imports

The High Court has dismissed petitions challenging the lifting of the ban on genetically modified (GMO) foods. The court ruled that the issue had

November 8, 2024

Business·News·TL

New Tax Regulations on the Horizon: Treasury Consolidates Eight Measures into Three Bills

The National Treasury has announced plans to reinstate eight tax provisions previously removed from the rejected Finance Bill 2024. The Treasury will consolidate these

November 6, 2024

Business·News·TL

Jevanjee Housing Project: Progress at 50% Despite Challenges, Says Developer

Jabavu Village Limited, a real estate development company, has refuted media claims that the Jevanjee Housing Estate in Ngara, Nairobi, has stalled. The company

November 6, 2024

Business·TL

10 Reasons Trading Knowledge Can Change Your Financial Future

Trading knowledge is not just insight into what’s going to happen next in financial markets; it is also a strong method of transformation for

November 6, 2024

Business

Kenya Secures KES.78 Billion IMF Loan to Tackle Fiscal Challenges

The International Monetary Fund (IMF) executive board has approved a Kes.78 billion loan for Kenya to support the country’s fiscal recovery efforts. This decision

November 1, 2024

Business·News·TL

Kenya’s Average Commodity Prices: Cooking Oil Rises, Sugar and Diesel Drop

The Kenya National Bureau of Statistics (KNBS) released updates on average retail prices for selected commodities on Thursday, October 31. The report reveals that

November 1, 2024

Business·TL

Gen Z Protests Led to Significant Wealth Loss at Nairobi Securities Exchange

Investors at the Nairobi Securities Exchange (NSE) lost Kes.34 billion in paper wealth over the three months leading to September, as the country rebounded

November 1, 2024

Business·News·TL

Today’s Breaking News: Anyone who wants to get rich must earn passive income through ion mining

ION Mining’s With the rapid development of the digital economy, every new development in the field of cryptocurrency has attracted much attention. Recently, the

October 31, 2024

Business·Tech

Kenya Power To Issue Dividends for First Time Since 2017

The Kenya Power and Lighting Company (KPLC) has announced a net profit of Kes.30 billion for the financial year ending June 30, 2024. During

October 30, 2024

Business·News·TL

Title Deeds from 2015 to 2022 Now Available for Collection

The Ministry of Lands and Urban Development has urged the public to collect title deeds for applications submitted between 2015 and 2022. In a

October 30, 2024

Business·News·TL

Ruto: KES.95 Billion Adani Deal to Drive Kenya’s Energy Growth Without Burdening Citizens

President William Ruto affirmed on Thursday that Kenya will benefit significantly from a power transmission deal between Adani Group Holdings and the Kenya Electricity

October 25, 2024

Business·News·TL

KRA to Monitor All Mobile Phones for Tax Compliance Starting 2025

The Kenya Revenue Authority (KRA) will begin monitoring all locally assembled and imported mobile phones sold in Kenya starting January 1, 2025, to ensure

October 25, 2024

Business·News·TL

MP Calls for Investigation into ‘Buy Now, Pay Later’ Companies Amid Borrower Exploitation Claims

“Buy Now, Pay Later” (BNPL) companies are facing scrutiny for allegedly exploiting Kenyan borrowers. Kigumo MP Kamau Munyoro recently submitted a petition to Parliament,

October 25, 2024

Business·TL

CS Joho Urges Kenyans to Invest in Mining Sector for Lucrative Opportunities

Mining and Blue Economy CS Ali Hassan Joho has urged Kenyans to invest in the mining sector to seize its lucrative opportunities. Speaking before

October 24, 2024

Business·News·TL

Audit Uncovers Mismanagement of Kes.2.1 Billion Coffee Farmers’ Funds

An audit has uncovered the improper investment of Kes.2.1 billion intended for coffee farmers from the coffee cherry fund. The funds were deposited in

October 24, 2024

Business·News·TL

Kenya’s Loan Defaulters Surge: 7.74 Million Borrowers Now Listed as Defaulters

The number of loan defaulters in Kenya has nearly doubled over the past year, with 3.85 million more borrowers blacklisted by various lenders, primarily

October 23, 2024

Business·News·TL

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