This is why Kenyans are broke

By Citizen,

News that President Uhuru Kenyatta was wondering why Kenyans are broke was the subject of public outrage this entire week. A report from a local me...

banks , debt , loans

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

UAP, Eaagads issue first profit warnings on expected 2019 earnings

By Kepha Muiruri,

Insurer UAP-Old Mutual and coffee grower Eaagads have become the first publicly trading firms to issue profit warning on expected 2019 earnings. In...

Eaagads , nse , profit warnings , UAP

Co-op Bank grows nine-month profit to Ksh.10.9 billion

By Kepha Muiruri,

The Cooperative Bank Group has booked a Ksh.10.9 billion third quarter profit representing a 5.8 percent jump in earnings by the lender to the close o...

Cooperative Bank , Gideon Muriuki , MCo-op Cash

Blow as court quashes appointment of ex-MPs Murugi, Galgalo to NLC

By Ian Omondi,

The Employment and Labour Relations Court in Nairobi has quashed the appointment Esther Murugi and Tiyah Galgalo to the National Land Commission (NLC)...

Esther Murugi , Justice Hellen wasilwa , NLC , Tiyah Galgalo

KCB records Ksh.19.2 billion nine-month profit

By Kepha Muiruri,

KCB Group has announced the posting of a Ksh.19.2 billion net profit in nine months to September 30 on the back of increased customer lending and non-...

Joshua Oigara , KCB

Equity Bank posts Ksh.17.5B nine month profit

By Kepha Muiruri,

Equity Group has announced a Ksh. 17.5billion net profit in nine months. The period to September 30 saw increased customer lending and higher non-f...

Equity Group

KRA disputes tribunal ruling on betting wins

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has disputed Wednesday’s ruling by the Tax Appeals Tribunal (TAT) on the definition of winnings by betting custome...

BetIn , betting , KRA , SportPesa , Tax Appeals Tribunal (TAT)

KCB, Co-op Bank write off Ksh.656 million Uchumi debt

By Kepha Muiruri,

KCB and Cooperative bank have agreed in principle to write off a combined Ksh.655.5 million in outstanding credit to the debt-strapped Uchumi Supermar...

Cooperative Bank of Kenya , CVA , KCB , uchumi

From betting to alcohol and unga: The overview of your new taxes

By Kepha Muiruri,

President Uhuru Kenyatta signed into law the Finance Act, 2019 on Thursday instantaneously bringing on board a whole new raft of taxes to the door ste...

Bottled water prices to increase from next week

By Kepha Muiruri,

The price of bottled water is expected to increase by an average Ksh.7 per litre as the Kenya Revenue Authority (KRA) moves to implement new excise ta...

EGMS , KRA , Water Bottlers Association of Kenya

Senate votes to raise Kenya’s debt ceiling to Ksh.9 trillion

By Kepha Muiruri,

Senators have this afternoon approved of the adjustment of the National Assembly-backed revised borrowing ceiling to Ksh.9 trillion. The approval b...

National Treasury , Public debt , senate

Gor beat hasty retreat, suspend e-ticketing

By Milton Ochieng,

Gor Mahia FC have suspended the e-ticketing system beginning with this Sunday's Mashemeji Derby fixture and revert to their old model of issuing ticke...

Gor Mahia FC

State of Stadia: Kinoru promise that turned into despair

By Alex Kinyua,

Alex Kinyua When President Uhuru Kenyatta and his Deputy William Ruto announced in 2013 that they would factor in construction of five main stadia in...

Kinoru Stadium

How to get KRA pin number

By Imani Mitchelle,

A KRA pin number is a unique set of digits used to identify Kenyan citizens and enable them to file taxes. It is also used while doing business wit...

KRA PIN

Fall out as political leaders dispute 2019 census results

By Citizen Team,

Results of the 2019 population census released on Monday have triggered mixed reactions with several leaders disputing the figures recorded for variou...

2019 Census , kiraitu murungi , Tharaka Nithi

Stolen high-end cars returned to U.K. from Kenya

By Girlie Kendi,

Several high-end cars from the United Kingdom worth over £1million (Ksh.133million) that were stolen from UK have been returned. Also Read: Steve...

high end cars , Mercedes

Kenyans ‘fuliza’ Ksh.140 billion in 9 months

By Kepha Muiruri,

It has now emerged that Kenyans tapped Ksh.140 billion from Safaricom’s overdraft service Fuliza in just under nine months of operations. The inc...

digital borrowing , fuliza , Michael Joseph , Safaricom

Six car dealers embroiled in Ksh. 690M tax evasion case

By Martin Munene,

Six directors of Northern Auto Dealers Limited have denied tax evasion charges involving Ksh. 690million. They are Ali Ibrahim Dida, Hassannoor Ada...

Northern Auto Dealers Limited

Safaricom announces 14.4% rise in net profit

By Citizen Reporter,

Safaricom has announced a 14.4% rise in net profit for the first half of the year to September 30, 2019. CEO Michael Joseph said the company's net ...

Safaricom