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Business/News

Man Behind Viral ‘Nitakufinya’ Phrase Takes Legal Action Against 3 Corporates Over Brand Misuse

September 18, 2021September 18, 2021

Aaron Asiba Matendechere, the man behind the viral “Nitakufinya” phrase has taken legal action against three corporates for using his brand without consent. According to documents presented in court, Matendechere is suing…

Bolt
Business/News

Taxi-app Bolt Under Fire After Lady Passenger’s Hand is Cut by Driver

September 7, 2021September 7, 2021

Bolt, the popular taxi-hailing app is under fire after a lady passenger’s hand was cut by its driver. According to reports on social media, a lady identified as Susan Waithera was assaulted…

Business

EACC to seize Kidero’s luxury Gem Appartments at Nairobi’s Riverside Drive

May 12, 2021May 12, 2021

Evidence from the EACC show former Nairobi Governor Dr. Evans Kidero used stolen public funds to construct his luxury Gem Apartments located in Nairobi’s Riverside Drive. Kidero, in collaboration with his former…

Business

KRA: Kenyans to pay Sh 350 more for cooking gas from July

April 23, 2021April 23, 2021

You will pay Sh350 more for cooking gas, from July 1st following the introduction of a 16 percent value-added tax on cooking gas by the Kenya Revenue Authorities (KRA). Since 2016, Kenyans…

Business

Angry Kenyans camp on IMF Facebook page over 257B loan

April 3, 2021April 3, 2021

Continuous borrowing by President Uhuru Kenyatta has left a bitter taste in the mouth of many Kenyans. This time, the pent-up anger was heavily unloaded on the International Monetary Fund (IMF), whose…

Business

Kenya receives another 257B debt as Treasury goes dry

April 3, 2021April 3, 2021

Washington-based global lender IMF has approved Kenya’s Sh257 billion loan for Kenya, to relieve some of the economic burdens currently facing the country. In a statement on Friday, the body revealed its…

Business

Government diverts Youth Fund money to pay salaries and staff perks

March 17, 2021March 17, 2021

The Sh1B meant for the Youth Enterprises Development Fund has been used by the government to pay staff salaries, perks, and travels. The fund was supposed to provide loans to young people…

Business

Swvl Back! Shutter services disrupted by Covid-19 resumes

March 9, 2021March 9, 2021

Egyptian ride-hailing firm Swvl has resumed commuter services in Nairobi which had been disrupted by stay-at-home orders to avoid the spread of Covid-19 last year. The shutter services return along the Ruiru,…

Business

More taxes for suffering Kenyans as state plans a Sh3trn budget

January 26, 2021January 26, 2021

Kenyans will have to shoulder the burden of the planned 3trn by the national government, in its 2021/2022 budget. According to a Budget Policy Statement released by Treasury CS Ukur Yatani, 2021/22…

Business

Iran to set up a state of the art tech hub in Nairobi

January 23, 2021January 23, 2021

The Iran House of Innovation and Technology, which will be set up in Nairobi’s Kilimani area next week is expected to offer workspaces and web connections for Kenyans and Iranian companies. The…

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