Loss of jobs to automation spells doom for KRA targets

By Kepha Muiruri,

The loss of jobs to automation has spelt doom for the Kenya Revenue Authority (KRA) tax mobilization goal as the country’s economic structure underg...

KRA

Gov’t silent on revenue sharing deal with Turkana oil partners

By Kepha Muiruri,

The Ministry of Petroleum has brushed aside questions regarding its revenue sharing agreement with its oil exploration partners among them Tullow. ...

Andrew Kamau , Early Oil Pilot Scheme (EOPS) , Petroleum Ministry , Tullow

Digital payments on the rise in hidden-sight

By Kepha Muiruri,

Digital payments have continued to rise inconspicuously to break the trend of cash dominance discretely, even as cash remains king in the settlement o...

CBK , Communications Authority of Kenya (CA) , digital payments in Kenya , financial inclusion

NSE raises its M-Akiba target to Ksh.500M against declining subscription

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has raised the price of its mobile-traded infrastructure bond- M-Akiba to Ksh.500 million on the bond’s third ...

CDSC , m-akiba , National Treasury , nse

KRA recoveries from tax evaders rise to Ksh.8.5 billion

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has increased its recoveries from tax avoidance to Ksh.8.53 billion across the 2018/19 financial year. The improv...

2018/19 revenue performance , KRA , tax evasion

Betting firms comply with 20 percent withholding tax

By Kepha Muiruri,

Betting firms that survived the Interior Ministry’s purge on tax non-compliance have moved to fast-track adherence to with-holding tax rules in the ...

betting in Kenya , Fred Matiang'i , KRA , Ministry of Interior

Stanbic remains tight-lipped on staff layoffs

By Kepha Muiruri,

Stanbic Group has remained mum on the impending staff layoffs even as its proposed voluntary early retirement (VER) scheme employee submission window ...

Betting firms, reduced investments deny KRA Ksh.1.77 trillion target

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has announced a new Ksh.1.58 trillion tax collection record for the period closing June 30,2019 to keep with the tax...

Githii Mburu , KRA , National Treasury

Kenyans applaud dusitD2 reopening six months after horrific attack

By Citizen Reporter,

Kenyans rallied behind dusitD2 Hotel in Nairobi as it reopened its doors to the public on Thursday, six months after the horrific attack at the comple...

dusitD2

July inflation hits 3-month high

By Kepha Muiruri,

The inflation rate in July has touched a 3-month high of 6.3 percent from 5.7 percent in June highlighting increased pressure on the consumer spending...

Inflation , Kenya Shilling , KNBS

dusitD2 hotel re-opens as 14 Riverside businesses stand tall

By Kepha Muiruri,

The dusitD2 hotel at 14 Riverside complex in Nairobi is set to reopen its doors to guests from Thursday after a near seven-month closure in the afterm...

14 Riverside , Dusit D2 Hotel , Najib Balala

Digital taxi operators back on roads without a deal

By Kepha Muiruri,

Digital taxi operators under the coalition of the Digital Taxi Forum (DTF) have resumed duty on Kenyan roads barely two weeks into the issuance of a f...

Bolt , digital taxis , DTAK , DTF , Little , Uber Kenya

EABL profit up 58 percent on new drinks sales

By Kepha Muiruri,

The East African Breweries Limited (EABL) has announced a 58 percent rise in net profit for the year ended June 30, 2018 to Ksh.11.5 billion. The s...

eabl , innovation , KBL , sin tax

Kenyan shilling sinks to 2-year low

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has attributed the ongoing slide of the Kenyan shilling to increased foreign payments by the private sector. The at...

CBK , kenyan shilling , patrick njoroge

MPs back plan to nationalise Kenya Airways

By Reuters,

Parliament voted on Tuesday to nationalise the country’s main airline Kenya Airways to save it from mounting debts. The loss-making airline, whic...

Kenya Airways , kq

NSE eyes change of fortunes in third Ksh.250M M-Akiba sale

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) will next Monday issue a fourth installment of the famed Mwananchi bond, in what is its continued faith in the m...

m-akiba , National Treasury , nse

African Union launches continent-wide free trade area

By VOA,

At the African Union Summit in Niger, Nigerian President Muhammadu Buhari launched the African Continental Free Trade Area by signing the continent's ...

Africa - Free Trade Area

NSE taps into top stocks in safe-bet derivatives

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has picked seven of the best performing shares on its 25 index to kickstart the derivatives market whose launch ...

nse

National Assembly now wants Kenya Airways nationalised

By Faizal Ahmed,

The National Assembly's Transport Committee has shot down the proposed take over of Jomo Kenyatta International Airport by national carrier Kenya Airw...

jkia , Kenya Airways , National Assembly

Budget 2019: Treasury misses the mark, no relief for Kenyans

By Kepha Muiruri,

Treasury CS Henry Rotich's presentation on the financing of the 2019/20 budget estimated at Ksh.3.02 trillion has missed its mark in providing any sub...

2019 budget , capital gains tax , Henry Rotich , National Treasury , sin tax