Fly 748 is eyeing a significant increase in domestic flight bookings in the last quarter of the 2022 as hard-pressed tourism sector return to pre-COVID level activities. Aggressive marketing campaigns by tourism…
Chinese banks behind the SGR loan fined the country Sh1.31bn in the last financial year, a burden the taxpayer will shoulder, in addition to the current high cost of living. One of…
The Central Bank of Kenya on Tuesday morning announced a successful separation and transfer of the mobile money business of Kenya’s telecoms company Airtel Networks Kenya Limited (ANKL) to a new entity,…
Kenyans seeking loans from lending institutions will have to wait longer for affordable credit after the Central Bank of Kenya (CBK) yesterday increased its benchmark lending rate by 75 basis points to…
Kenya could be hit with trade sanctions and embargos by the United States (US) following revelations by President William Ruto that the country is ready to enter into a government-to-government partnership with…
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…
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…
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…
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…
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…