KRA quarterly collections rise by Ksh.43.2 billion

By Kepha Muiruri,

Net revenue collections by the Kenya Revenue Authority jumped by 13.1 percent to Ksh.372.3 billion in the first three months of the 2019/20 fiscal yea...

KRA , National Treasury , taxes

The force behind Uhuru’s calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta’s rate interest cap repeal call to Parliament has been enforced, financial allied sector stakeholders now reckon. While ...

interest rate caps , KRA , National Treasury , Uhuru kenyatta

Uhuru sides with banks, calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...

CBK , interest rate caps , KBA , Uhuru kenyatta

HF Group keen on diversifying investments away from real estate

By Kepha Muiruri,

Mortgage financier Housing Finance (HF) has expressed its keenness to move away from the real estate comfort zone highlighting the significant shift i...

Housing Finance , nse , Real Estate

MPs approve request to raise debt ceiling to Ksh.9 trillion

By Chemutai Goin,

Members of Parliament on Wednesday approved a request by the National Treasury to raise the public debt ceiling to Ksh.9 trillion from Ksh.6 trillion....

debt

M-Pesa listed as top 10 most influential finance projects of last 50 years

By Paul Ombati,

M-Pesa has been listed among the ten most influential finance projects to have been invented within the last 50 years. An event held in Philadelphi...

M-pesa , PMI

Insurer embraces cancer expenses cover, sets Ksh.15M top limit

By Wangui Ngechu,

ICEA Lion Group has introduced a cancer medical cover as Kenyans continue to grapple with increasing costs of treatment. Also Read: Ksh.2.4M in one...

cancer , ICEA

Your next smartphone could be made in Rwanda

By Paul Ombati,

Rwanda is the latest kid on the block of smartphone makers. A Rwandese company, Mara Group, released two smartphones on Monday: Mara X and Mara Z. ...

Samsung , smartphone maker

Cytonn lines up first publicly funded debt issue

By Kepha Muiruri,

Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D...

CMA , Cytonn Investments , nse , REIT

Kenya to set up additional tax points along Ethiopia border

By Kepha Muiruri,

Kenya is set on establishing additional One Stop Border Posts (OSBPs) along its border with Ethiopia as part of the State measures to rope in addition...

Ethiopia border

11 public universities caught in Ksh.9.7B tax evasion racket

By Sam Ogina,

Six university vice chancellors risk prosecution for failing to remit Pay As You Earn (PAYE) tax to the Kenya Revenue Authority (KRA). The six are ...

KRA , tax evasion

Old notes worth Ksh7.4B now worthless, CBK says

By Kepha Muiruri,

Kenyans returned Ksh.209.7 billion worth of notes in the recently completed demonetization cycle. According to the Central Bank of Kenya (CBK), the...

CBK , patrick njoroge

Faulu Microfinance to open eight new branches

By Kepha Muiruri,

Faulu Microfinance is set to open eight new branches around the country at an estimated cost of Ksh.113 million. Additionally the tier-one ranked m...

Faulu Microfinance Bank Limited

Treasury seeks to fix Kenya’s debt problem with new borrowing cap

By Kepha Muiruri,

The National Treasury has set out on placing an absolute figure on Kenya’s debt accumulation with a view to better the transparency on public debt m...

National Treasury , Public debt , Ukur Yatani

How Uhuru’s move to cancel Kimwarer Dam project will affect Kenya

By Sam Gituku,

The country could lose billions of shillings should it go ahead to discontinue the Kimwarer Dam project and down-scale the Arror Dam project as direct...

CMC di Ravenna , Kimwarer Dam Project , Uhuru kenyatta

Kenya Power announces expected drop in profits

By Kepha Muiruri,

Kenya Power has announced an expected drop in its net earnings for the financial year ended June 30, 2019. In a public notice issued on Thursday, K...

Treasury warns of painful cuts to Ministry budgets

By Kepha Muiruri,

The National Treasury has urged Ministries and State Departments (MDAs) to brace for painful budget cuts as the budget making process for the 2020/21 ...

2020/2021 budget , National Treasury , recurrent expenditure

M-Akiba bond returns Ksh.263M against Ksh.500M target

By Kepha Muiruri,

The mobile-traded government bond, M-Akiba, has once again failed to meet its target after raising Ksh.263 million against an expected return of Ksh.5...

Geoffrey Odundo , m-akiba , Nairobi Securities Exchange (NSE)

Banking staff to get 6% pay raise in new CBA

By Kepha Muiruri,

Bank employees are set to receive a six percent raise on their salaries following a new agreement between the Banking, Insurance and Finance Union (BI...

BIFU , CBK , KBA

Equity Group doubles presence in DRC with new acquisition

By Kepha Muiruri,

Equity Group has moved to strengthen its Democratic Republic of Congo (DRC) banking business with a new proposed purchase of a controlling stake in th...

Equity Group , James Mwangi , mergers and acquisitions