
CBK boss warns of hurdles meeting borrowing target
Outgoing Central Bank of Kenya (CBK) governor Patrick Njoroge has warned that the government is facing an uphill task of realising its borrowing targets.
Business Daily
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BIKO INTERVIEW: Copia CEO’s love affair with Africa
Tim Steel, CEO of Copia Global, studied history, played a bit of cricket and then studied accountancy
Business Daily
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BOSS TALK: CUE CEO on higher education reforms and his vision of quality degrees
Going forward, we will question the added value that a programme brings to the table.
Business Daily
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Kenya Power pilots smart poles for internet
Kenya Power has commenced a pilot project to install special utility poles that will aid in the supply of high-speed internet as part of its revenue diversification plan.
Once the pilot phase is...
Business Daily
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A million Kenyans escape poverty
KNBS data shows there were 19.1 million Kenyans who lived below the poverty line in 2021.
Business Daily
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EACC pledges to reclaim public grabbed land
KISUMU, Kenya, June, 8 - The Ethics and Anti-Corruption Commission has started investigations into the irregular land allocations in Kisumu County. The Kenya breaking news | Kenya news today |
Capital Business
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Construction of 35-megawatt Menengai Geothermal Power project starts
NAIROBI, Kenya, June 8 - The government broke ground on the construction of a 35-megawatt (MW) Menengai Geothermal Power Plant in Nakuru County as it Kenya breaking news | Kenya news today |
Capital Business
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UK clamps down on cryptocurrency sector
LONDON, United Kingdom, June 8 - Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to Kenya breaking news | Kenya news today |
Capital Business
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KAM opposes 10pc levy on imported raw materials, intermediate goods
NAIROBI, Kenya, June 8 - The Kenya Association of Manufacturers (KAM) is opposed to the introduction of a 10 percent levy on imported raw materials and Kenya breaking news | Kenya news today |
Capital Business
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Schools To Receive Sh28bn Capitation Funds By Tomorrow – CS Machogu
NAIROBI, Kenya, Jun 8 – Education Cabinet Secretary Ezekiel Machogu says schools will start receiving capitation money tomorrow. While appearing before Kenya breaking news | Kenya news today |
Capital Business
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Kenya Power in smart poles plans for internet supply
Kenya Power is piloting special utility poles to supply high-speed internet as part of plans to diversify its revenue.
Nation Business
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Safaricom, Kenya Water Institute partner to deploy smart water system
NAIROBI, Kenya, June 8 - Safaricom has partnered with the Kenya Water Institute (KEWI) to build capacity in the water sector, in line with Sustainable Kenya breaking news | Kenya news today |
Capital Business
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President Ruto To Attend 22nd COMESA Summit In Lusaka, Zambia
NAIROBI, Kenya, Jun 8 – President William Ruto will Thursday attend the 22nd Summit of the Common Market for Eastern and Southern Africa (COMESA)Heads of Kenya breaking news | Kenya news today |
Capital Business
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Kenya to enhance trade and investment partnerships with other nations
NAIROBI, Kenya, June 7 - Kenya has reaffirmed its commitment to working with other countries for the prosperity of its citizens. President William Ruto Kenya breaking news | Kenya news today |
Capital Business
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Japan economy grew more than thought in first quarter
TOKYO, Japan, June 8 - Japan's economy expanded 0.7 percent in the January-March quarter, up from an initial estimate of 0.4 percent, government data Kenya breaking news | Kenya news today |
Capital Business
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President Ruto Urges Security Agencies To Buy Locally Assembled Vehicles
NAIROBI, Kenya, Jun 8 – President William Ruto has asked security agencies to purchase locally assembled vehicles to encourage and sustain the operations Kenya breaking news | Kenya news today |
Capital Business
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India holds interest rates as inflation eases
MUMBAI, India, June 8 - India's central bank on Thursday kept interest rates on hold for its second-straight meeting, citing easing inflation pressures, Kenya breaking news | Kenya news today |
Capital Business
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MPs recommend inflating Ruto’s first budget by Sh81bn
The proposal by the Budget and Appropriations Committee means that Dr Ruto’s first budget will rise to Sh3.679 trillion.
Nation Business
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Lawmakers allocated Sh41bn in budget
This is an increase of Sh2 billion from the Sh39 billion that had been allocated in the 2023/24 budget estimates Treasury tabled in April.
Nation Business
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MPs, World Bank warn Ruto on tax
A Parliamentary committee says the economy is in bad shape and cannot yield the revenues Ruto targets to raise through taxing Kenyans more.
Nation Business
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Ruto's street tax agents are coming
President Ruto looks to tighten the noose on “hustlers” who have in the past not been paying tax.
Nation Business
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Government welcomes more local vehicle assemblers to boost economy
NAIROBI, Kenya, June 8 - Kenya is committed to hosting more automotive players to increase local production of vehicles. President William Ruto said the Kenya breaking news | Kenya news today |
Capital Business
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Sistema Bio opens world’s largest biodigester in India, eyes more Kenyan farmers
NAIROBI, Kenya, June 8 - Biodigester manufacturer Sistema Bio has launched the largest biodigester manufacturing facility in Pune, India, a move the Kenya breaking news | Kenya news today |
Capital Business
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Kenyans abroad avoiding banks on sending money home
Kenyans living and working abroad increasingly avoided banks when wiring cash home.
Business Daily
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KRA given Sh1.2bn to hire spies in hunt for tax cheats
The Kenya Revenue Authority (KRA) has been allocated an additional Sh1.2 billion to hire extra intelligence and enforcement officers.
Business Daily
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Ruto's first budget signals deep pain for taxpayers
The government's spending plan for the year ending June 2024 has been increased by Sh215.02 billion.
Business Daily
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Canada central bank raises key lending rate to 4.75%
OTTAWA, Canada, June 7 - Canada's central bank on Wednesday increased its key lending rate by 25 basis points to 4.75 percent, as the economy surged Kenya breaking news | Kenya news today |
Capital Business
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Oil dealers petition MPs on 2019 tax
Oil marketers have petitioned Parliament to exempt them from the two percent withholding tax on their fuel supplies.
Business Daily
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Sidian Bank, Aqua For All launch Challenge Fund targeting Small Scale Water Service Providers
The bank will work with Aqua for All and its partners to assist 150 small scale water service providers to raise Sh330 million (€ 2.7 million) in commercial finance for micro and small water infrastructure investment projects. Kenya breaking news | Kenya news today |
Capital Business
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Omtatah Claims Kenya Has Overpaid Its Debt By Sh1trn
NAIROBI, Kenya, Jun 7 – Busia Senator Okiya Omtatah now claims that Kenya had paid off all its debts and that the government had even made an additional Kenya breaking news | Kenya news today |
Capital Business
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‘AI doctor’ better at predicting patient outcomes, including death
WASHINGTON, United States, June 7 - Artificial intelligence has proven itself useful in reading medical imaging and even shown it can pass doctors' Kenya breaking news | Kenya news today |
Capital Business
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Isuzu opens Sh500 million vehicles paint plant in Nairobi
NAIROBI, Kenya, June 7 - Isuzu East Africa today opened a Sh500 million paint plant in Nairobi that will see the local vehicle assembler increase Kenya breaking news | Kenya news today |
Capital Business
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Old Mutual eyes bigger pension fund to support more retirement saving
NAIROBI, Kenya, June 7 - Insurance services provider Old Mutual Kenya targets growing its current funds under management to support the pension space. It Kenya breaking news | Kenya news today |
Capital Business
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World Bank says SGR now ripe for electric trains
The multilateral lender said electric trains on the SGR instead of diesel-run ones could reduce emissions in the sub-sector.
Nation Business
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KCB, Britam enter into an agreement to distribute affordable health insurance to SME’s
NAIROBI, Kenya, June 7 - Kenya Commercial Bank (KCB) has entered into an agreement with Britam General Insurance to distribute affordable health insurance Kenya breaking news | Kenya news today |
Capital Business
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World Bank: Tax plans to hurt purchasing power
The purchasing power of households in the medium term will be negatively affected by the proposed tax measures in the Finance Bill 2023.
Business Daily
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Guinness-maker Diageo announces death of ex-CEO
LONDON, United Kingdom, June 7 – Alcoholic drinks giant Diageo said Wednesday that its long-serving chief executive Ivan Menezes had died after surgery on a stomach ulcer. Indian-born Menezes, 63, died with his family at his side, Diageo said in a statement after revealing M
Capital Business
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Communications Authority Roots For Clear Policies To Regulate Religious StationsCommunications Authority Roots For Clear Policies To Regulate Religious Stations
NAIROBI, Kenya Jun 7 – The Communications Authority of Kenya (CA) on Wednesday emphasised the necessity for clear policies on religious programming in Kenya breaking news | Kenya news today |
Capital Business
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MPs term Daniel Kiptoo’s appointment as EPRA chief irregular
The appointment of Kiptoo now hangs in the balance after MPs termed it irregular and that he does not have an appointment letter.
Nation Business
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