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

KRA owes banks Ksh.13B in irrecoverable taxes – report

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) owes commercial banks an estimated Ksh.13.3 billion in irrecoverable taxes mirroring on the sector’s disproportion...

KBA , KRA

Inside Treasury’s fresh public debt management strategy

By Kepha Muiruri,

The National Assembly granted Treasury the green light to move Kenya’s borrowing ceiling to Ksh.9 trillion last Wednesday igniting the planning mini...

IMF , Kenya's public debt , National Treasury , World Bank

Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt

By Kepha Muiruri,

The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...

high court , Mohamed Mohamed , uchumi

4 creative ways to make money online

By Imani Mitchelle,

AdMob, a Google advertising platform, promotes making money online. The company allows developers to promote their applications through in-app ads,...

money online

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...

Questions emerge over how Chinese firm won tender for Kenyan oil

By Paul Ombati,

On August 1, 2019, Kenya exported its first 200,000 barrels of crude oil at a price of Ksh.1.2 billion ($12million). The sale has however left unan...

china , kenya , Oil

KQ pilots call off planned strike as board insists on contract hires

By Kepha Muiruri,

Kenya Airways pilots have shelved their planned strike which was set for this Friday even as the airline’s board maintains on the need for contractu...

KALPA , kq , Sebastian Mikosz

Uhuru approves Division of Revenue Bill, asks counties to clear pending bills

By PSCU,

President Uhuru Kenyatta on Tuesday signed into law the Division of Revenue Bill 2019 paving the way for the release of funds to counties. The new ...

Division of Revenue Bill

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

Kenya Airways board lukewarm on nationalisation

By Kepha Muiruri,

The Board of Kenya Airways (KQ) has emerged half-hearted in its receipt of the government’s decision to nationalise the carrier. KQ which saw its...

Kenya Airways , Michael Joseph

Banks profitability heading for the rocks, KBA warns

By Kepha Muiruri,

Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...

CBK , interest caps , Kenya Bankers Association

Co-op Bank’s business mix pushes half-year profit to Ksh.7.5B

By Kepha Muiruri,

The Cooperative Group has announced a 5.6 percent jump in half-year earnings to Ksh.7.5 billion. The marginal rise in net profit which keeps touch ...

Cooperative Bank , Digitization

Nothing personal, just business, KRA defends war on tax evaders

By Benjamin Muriuki,

Kenya Revenue Authority (KRA) has come out to defend the ongoing crackdown on suspected tax evaders amid emerging speculations of malice and prejudice...

Humphrey Kariuki , Keroche , KRA , Tabitha Karanja

Who’s tracking you? Facebook to allow users more control over their data

By Reuters,

Facebook Inc  said on Tuesday it was tweaking its policies to allow users to see and control the data that the social network gathers from their brow...

facebook

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

AG Kariuki: Releasing 50% of monies to counties is unconstitutional

By Wangui Ngechu,

Attorney General Paul Kihara Kariuki has ruled out the possibility of County Governments receiving at least 50% of the allocation due to them in the 2...

Attorney General Paul Kihara Kariuki , Division of Revenue Bill

Division of Revenue: National Assembly, Senate nominate members after CJ Maraga orders mediation

By Citizen Reporter,

The National Assembly and Senate have released their lists of their members who will be part of a mediation panel over the stalled Division of Revenue...

Chief Justice David Maraga , National Assembly , National Treasury , senate

Uhuru insists no extra money, calls for end to county funds standoff

By PSCU,

President Uhuru Kenyatta on Wednesday called on the National Assembly and the Senate to end the stalemate over the Division of Revenue Bill 2019 to al...

Division of Revenue , National Assembly , President Uhuru Kenyatta

Uber burned through Ksh. 520B last quarter, its biggest quarterly loss ever

By CNN,

Even by Uber's standards, the company burned through a staggering amount of money in its most recent quarter. Uber (UBER) said Thursday that it l...

IPO prices , Silicon Valley , uber , Uber's stock