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Business/News

Kenyans to bare pain of ‘Long and Severe’ recession from 2023

September 23, 2022September 23, 2022

The global economy is weakening. There is a heightened likelihood of a global recession in the near future. Increasingly global institutions and global experts are issuing warnings. Last week the World Bank…

Business/News

Country seeks 1B Trade Loan from Korea

September 23, 2022September 23, 2022

The Kenyan government through the Ministry of Trade is seeking Ksh978M from the Korea Trade Investment Promotion Agency (KOTRA) and the exchequer to help implement an integrated national export development and promotion…

Business/News

Kenyatta’s NCBA Bank targeted in government’s plan to split Safaricom

September 22, 2022September 22, 2022

The NCBA associated with the Kenyatta family could lose its business partnership with Safaricom if plans by the new administration to compel the country’s teleco companies Safaricom, Airtel Kenya and Telkom Kenya…

Business/Counties

Murang’a Bar and Restaurant owners reject President Ruto’s tax policy

September 21, 2022September 21, 2022

Bar and restaurant owners in Murang’a county have rejected the proposed increase of excise duty by the taxman as a measure by the new regime to stabilize the country’s economy. The businessmen…

Business/News

KRA’s 6.3% inflation adjustment will lead to demos and people taking one meal per day

September 17, 2022September 17, 2022

By setting a target rate, say 16% VAT on goods, if a product sells at KES 100, the government takes KES 16. However, due to inflation, if for instance, KES depreciates by…

Business/News

KPLC on the spot as cost of power shoots up by 21% overnight

September 14, 2022September 14, 2022

The Kenya Power and Lighting Company (KPLC) is under fire from a section of Kenyans who have noticed the country’s power provider unprocedurally increased the Fuel Energy charge last night from Ksh…

Business/News

IMF: Kenya’s economy on a steady rise despite global shocks

July 25, 2022July 25, 2022

Kenya’s economic recovery is underway and government revenues have overperformed. This is according to the International Monetary Fund (IMF). The body in its third review of the country’s economic programs under its…

Business/News

First-time travelers boosting Kenya’s aviation industry recovery

June 30, 2022June 30, 2022

Renowned airline, Fly 748 has projected positive prospects for the airline industry in 2022 despite the tough operating environment fuelled by the Ukraine war, COVID-19 and politics. According to the airline, the…

Business/News

Infinix launches its trendy NOTE 12 Series at the elegant Sarit center expo

May 30, 2022May 30, 2022

Infinix recently launched its NOTE 12 Series at its elegant event at the Sarit Centre Expo, a trendy and contemporary location that aligns with the brand’s vision and mission. This is the…

Business/News

Unidentified person deposits 13.5M to Egerton University in 7 years

October 28, 2021October 28, 2021

The Egerton University Department of Finance has raised an alarm over huge sums of money totaling Sh 13.5M that has been deposited to the university’s bank accounts from 2015 by an unidentified…

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