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NEWS & CURRENT AFFAIRS

Digital News

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Jonathan Komen

Why cheap credit may never come soon for the private sector

The expectation that banks will unclench their fists and extend more credit to the private sector as the new year starts due to the reduced Central Bank Rate (CBR) may not come to pass.

Why cheap credit may never come soon for the private sector

2024: The year KRA trained its guns on paybill, till numbers

2024: The year KRA trained its guns on paybill, till numbers

State's big task to comply with EU deforestation regulations

State's big task to comply with EU deforestation regulations

State's affordable housing drive still a hard sell two years later

State's affordable housing drive still a hard sell two years later

2024: Year of layoffs as businesses struggle to stay afloat

A harsh economic environment became the common phrase in redundancy notices by different companies.

2024: Year of layoffs as businesses struggle to stay afloat

Irony of lowest inflation in 17 years but Kenyans barely making ends meet

The drop in prices of commodities such as wheat flour, sugar, and cooking oil during this year has failed to offer Kenyans a reprieve in the cost of living, with many surviving on debt.

Irony of lowest inflation in 17 years but Kenyans barely making ends meet

How new KRA guidelines will impact income tax calculation

Salaried workers have been offered relief as KRA issued guidelines on how to calculate Pay As You Earn (Paye) following enactment of the Tax Laws (Amendment) Act, 2024.

How new KRA guidelines will impact income tax calculation

Planning woes as Kajiado town turns into an eyesore

How to grow Kajiado town away from the business district is one of the headaches for the Kajiado county government as the municipality battles with the mushrooming of slums amid a surge in population.

Planning woes as Kajiado town turns into an eyesore

More Kenyans shun agriculture for odd jobs and businesses

A new report shows that the majority of Kenyans’ dependence on agriculture as their main source of livelihood has dropped by 7.5 per cent in the last five years.

More Kenyans shun agriculture for odd jobs and businesses

Cost of Christmas: Highs and lows of food prices this festive season

Increase in prices has been linked to macro-economic factors and rains.There has been a drop in food prices due to favourable weather conditions.

Cost of Christmas: Highs and lows of food prices this festive season

Alcohol manufacturers oppose new waste management regulations

The alcoholic beverage sector has asked Parliament to nullify a set of new regulations that, if implemented, they claim could increase the cost of production by 70 per cent.

Alcohol manufacturers oppose new waste management regulations

Why informal market holds key to closing Africa's housing gap

The Centre for Affordable Housing Finance (CAHF) has emphasised prioritising the informal market when determining financing models for the masses.

Why informal market holds key to closing Africa's housing gap

Treasury moots plan to tap pension assets for mega projects

Treasury Cabinet Secretary John Mbadi has directed the formation of a team of experts to explore the possibility of the government using pension funds to invest in infrastructure projects.

Treasury moots plan to tap pension assets for mega projects

State in Sh8b plan to double coffee farmers' earnings by 2027

New Kenya Planters Cooperative Union plans to double payments to farmers from the current Sh70 per kilo to at least Sh135 by 2027.

State in Sh8b plan to double coffee farmers' earnings by 2027

Tana River records highest own revenue growth as counties miss targets

Tana River County registered the highest growth in own source revenue, rising by 819 per cent to Sh78.5 million in the quarter ended September 30, 2024,

Tana River records highest own revenue growth as counties miss targets

Why homeownership is not a priority for most Kenyans

Owning a house is currently not a priority for many Kenyans, with education topping their priority list as the popularity of the government’s affordable housing programme hits an all-time low.

Why homeownership is not a priority for most Kenyans

Insurance: Hard nut to crack despite improved technology

Growing insurance penetration remains one of the uphill tasks that players in the sector still face amid a growing population and improved technology.

Insurance: Hard nut to crack despite improved technology

Why Kenya's export strategy needs more effort to grow markets

According to the 2024 Economic Survey Report by the Kenya National Bureau of Statistics (KNBS), in 2023, export earnings grew by 15.4 per cent to Sh1.007 trillion.

Why Kenya's export strategy needs more effort to grow markets

Big manufacturers on the spot for sidelining smaller players

Large manufacturers are on the spot for their reluctance to do business with small and medium-sized entities, which the government has noted is dragging the growth of the sector.

Big manufacturers on the spot for sidelining smaller players

Treasury and COG; Who is saying the truth on disbursement?

Treasury CS John Mbadi has absolved his office of any delays and even provided a breakdown of how much money has been released to counties.

Treasury and COG; Who is saying the truth on disbursement?

Pension industry seeks to flex its muscle in large State projects

Sector forms consortium to lead investment in capital-intensive ventures. Most of the funds have traditionally been invested in government securities.

Pension industry seeks to flex its muscle in large State projects

Inside Sh81.3b Nairobi County housing development plan

The Nairobi City County targets to develop 10,000 units in its Annual Development Plan for the financial year 2025/26.

Inside Sh81.3b Nairobi County housing development plan

Taxman softens stance in bid to woo MSMEs into tax net

MSMEs and the informal sector feature heavily in the Kenya Revenue Authority’s (KRA) ninth corporate plan running until the 2028-29 financial year.

Taxman softens stance in bid to woo MSMEs into tax net

Falling inflation: Market correction or a shrinking economy?

Simply put, if the economy was working as the Kenya Kwanza administration claims, shouldn’t businesses be recruiting more than they are letting go of their staff?

Falling inflation: Market correction or a shrinking economy?

Airtel bets on MSMEs amid State regulation, tax drives

The share of Airtel Money has grown 6.6 per cent, according to the latest Communications Authority (CA) industry report.

Airtel bets on MSMEs amid State regulation, tax drives

Report: Construction sector leads in mobile money use

Adoption of mobile money is highest in the construction industry, according to a new report that shows the low level of digitisation among informal sector businesses.

Report: Construction sector leads in mobile money use

Boda boda operators in new bid to slam brakes on bike theft

Boda boda operators are now mulling the establishment of their own insurance agency, among other measures, in the wake of the rising cases of motorcycle thefts in the country.

Boda boda operators in new bid to slam brakes on bike theft

Auditor General: Why Kenya's Sh10.6tr public debt is understated

Kenya’s public debt could be more than the reported Sh10.6 trillion as concern is raised on how much credit has been accumulated by public institutions through non-guaranteed loans.

Auditor General: Why Kenya's Sh10.6tr public debt is understated

Trade agreement with UAE ready for signing, says CS Mvurya

Trade Cabinet Secretary Salim Mvurya has said the economic partnership agreement between Kenya and the United Arab Emirates (UAE) is expected to boost trade relations.

Trade agreement with UAE ready for signing, says CS Mvurya

Public debt now at Sh10.6tr

External debt payments almost doubled to hit Sh756 billion as the government intensifies efforts to cut its appetite for domestic credit that has squeezed out the private sector.

Public debt now at Sh10.6tr

Why construction sector is vibrant in semi-arid counties

Construction is the most vibrant sub-sector in arid and semi-arid counties according to a recent ranking by the State-led think tank.

Why construction sector is vibrant in semi-arid counties

KRA surpasses monthly target as October revenue hits Sh210b

The taxman has surpassed October revenue targets by Sh6.8 billion with domestic taxes recording a performance of 104.6 per cent.

KRA surpasses monthly target as October revenue hits Sh210b

Developer defends use of Jevanjee Gardens' land as collateral for Sh1.9b loan

Real estate developer Jabavu Village Ltd has explained why it used public land to obtain a Sh1.9 billion loan.

Developer defends use of Jevanjee Gardens' land as collateral for Sh1.9b loan

State in push to grow visibility of MSMEs as market integration gathers pace

The government is working on a platform that would boost SMEs visibility through e-commerce to have them form partnerships to facilitate access to new markets.

State in push to grow visibility of MSMEs as market integration gathers pace

KRA eyes crypto dealers in plan to raise Sh21tn in five years

The Kenya Revenue Authority is targeting to collect Sh60 billion from digital coin traders in the government’s renewed efforts to have Kenyans pay taxes.

KRA eyes crypto dealers in plan to raise Sh21tn in five years

Treasury now mulls review of NSSF Act to ease workers' burden

The government is mulling the revision of the NSSF Act 2013, given some challenges it poses as raised by the private sector.

Treasury now mulls review of NSSF Act to ease workers' burden

Worry as peak power demand vs installed capacity gap shrinks

The increase in power demand was on the back of the connection of 447,251 new customers in the financial year ended June 2024.

Worry as peak power demand vs installed capacity gap shrinks

Irony of low inflation but empty pockets

Kenya’s inflation rate dropped further to 2.7 per cent in October, even as the cost of living continues to skyrocket amidst enhanced taxes imposed by the government.

Irony of low inflation but empty pockets

Kenya Power says it is open to competition amid plan to open market to IPPs

Kenya Power now says it has no qualms with independent power producers selling electricity directly to consumers even as it raises concern about the stability of the country’s supply infrastructure.

Kenya Power says it is open to competition amid plan to open market to IPPs

Banks jittery over depressed demand for detached, commercial units

Depressed demand for detached and semi-detached units has made banks wary of lending to the real estate sector.

By 2 months ago

Banks jittery over depressed demand for detached, commercial units

Customising financial solutions can help more MSMEs take up credit

The need for customised financial solutions for micro, small, and medium enterprises (MSMEs) has been emphasised as key to increasing the credit flow to businesses and firms.

By 2 months ago

Customising financial solutions can help more MSMEs take up credit

Kenya Power posts Sh30b net profit in year ended June

Kenya Power attributes the profit to increased electricity consumption by manufacturers.

By 2 months ago

Kenya Power posts Sh30b net profit in year ended June

CEOs rule out mergers, acquisitions as level of business confidence drops

The prevailing economic volatility has made businesses strike out mergers and acquisitions as one of their survival strategies.

By 2 months ago

CEOs rule out mergers, acquisitions as level of business confidence drops

Apartment prices in Nairobi drop as oversupply depresses market

Apartments in Nairobi suburbs have recorded a drop in prices over the last 12 months with the latest HassConsult property index showing Riverside having the highest contraction.

By 2 months ago

Apartment prices in Nairobi drop as oversupply depresses market

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