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NEWS & CURRENT AFFAIRS

Digital News

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Jonathan Komen

NHC to develop 2,820 affordable houses through public-private partnership

The National Housing Corporation (NHC) has announced plans to develop at least 2,820 affordable housing units under a public-private partnership (PPP) arrangement.

NHC to develop 2,820 affordable houses through public-private partnership

Sh5,000 deposit for Sh10.5m house: The rot in Kuscco Kajiado project

Sh5,000 deposit for Sh10.5m house: The rot in Kuscco Kajiado project

Experts: Firms to miss out on cheap loans on State's appetite for domestic debt

Experts: Firms to miss out on cheap loans on State's appetite for domestic debt

Experts: Why your pockets are still empty despite lower prices

Experts: Why your pockets are still empty despite lower prices

Ex-presidents want debt relief for cash-strapped African countries

Several former African heads of state and government have signed a declaration calling for debt relief for highly indebted nations.

Ex-presidents want debt relief for cash-strapped African countries

Income problem with the State's housing agenda

A one-bedroom will attract Sh30,000 monthly repayment for earners taking home Sh100,000 while a two-bedroom needs someone who makes Sh223,333 to afford Sh67,000 monthly charges.

Income problem with the State's housing agenda

Kenya Re goes global with new life insurance unit

Kenya Re is targeting Sh10 billion in premiums from its life business locally as the listed firm launched a similar unit for its international market.

Kenya Re goes global with new life insurance unit

State moots forums on MSMEs policy awareness

MSEA in collaboration with SNV has launched the first phase of a series of awareness forums to educate entrepreneurs on existing policies and available business support services.

State moots forums on MSMEs policy awareness

Thirty one more women graduate from 'She Delivers' programme

Some 31 women have graduated from the "She Delivers" programme courtesy of Ponty Pridd Holdings, a leading logistics solutions provider in Kenya and East Africa.

Thirty one more women graduate from 'She Delivers' programme

UAE investor inks Sh104b deal to expand Galana Kulalu project

Al Dahra Group is interested in 180,000 acres while Selu Ltd, another private party has eyes on 20,000.State irrigation agency has 10,000 acres.

UAE investor inks Sh104b deal to expand Galana Kulalu project

Why tourism is Kenya's best bet to accelerate economic growth

Tourism is the best bet to revamp the fortunes of Kenya’s economy, economic experts have said, with manufacturing and agriculture not delivering the expected growth.

Why tourism is Kenya's best bet to accelerate economic growth

State struggles to justify contentious housing levy

The government is still fumbling to find the right words to justify the Affordable Housing Levy, a year after the law came into effect.

State struggles to justify contentious housing levy

Pricing: What really determines property value in the market?

Property value is driven by several factors including location, infrastructure, demand and zoning laws.

Pricing: What really determines property value in the market?

Kenya earns record Sh452b as tourist arrivals hit 2.4m in 2024

Kenya received a record 2.4 million international tourists in 2024, representing a 15 per cent increase compared to 2023.

Kenya earns record Sh452b as tourist arrivals hit 2.4m in 2024

To open up or not: Risks behind the push to formalise 'chamas'

When it comes to financial inclusion, the strategy of mainstream banking institutions has always been to find ways to have informal engagements formalised.

To open up or not: Risks behind the push to formalise 'chamas'

To formalise or not: The risk behind push to formalise chamas

When it comes to financial inclusion, the strategy by mainstream banking institutions has always been to find a way to have informal engagements be formalised.

To formalise or not: The risk behind push to formalise chamas

Employers move to cushion against increased NSSF contributions

Converting existing provident funds into pensions is one of the ways employers are cushioning themselves against the enhanced contributions to the NSSF which are set to double this month.

Employers move to cushion against increased NSSF contributions

Police Sacco posts Sh2.6b net profit on innovation and efficiency

The Kenya Police DT Sacco has reported a revenue increase of Sh570.0 million from advancing loans to members in 2024 compared to the previous year.

Police Sacco posts Sh2.6b net profit on innovation and efficiency

Firm launches campaign to spice up tea drinking

Ketepa has unveiled a Valentine's Day campaign to have Kenyans celebrate love through the long standing tradition of tea drinking.

Firm launches campaign to spice up tea drinking

Knight Frank sees ease in office space supply as demand cools

Rental prices for office spaces may soften in the near future as landlords grapple with empty spaces due to an oversupply and reduced demand, a new report shows.

Knight Frank sees ease in office space supply as demand cools

Will new building code help industry's sustainability?

While the National Building Code, 2024 acknowledges the emergence of new, sustainable construction methods, some industry players are concerned that it falls short of promoting their adoption.

Will new building code help industry's sustainability?

'Side hustles are main lifeline for working class'

Almost half of employed Kenyans depend on their side hustles as the main source of living, a new survey shows, telling how stretched Kenyans’ payslips are in the wake of new taxes.

'Side hustles are main lifeline for working class'

The disconnect between Ajira Digital Program and job market

Some of the courses offered under the government’s Ajira Digital Program may not be relevant in the job market, according to a new study.

The disconnect between Ajira Digital Program and job market

Analysts: Shilling remains stable despite Trump's aid freeze

Foreign exchange reserves tend to be largely determined by disbursements from the IMF, World Bank and Eurobond.

Analysts: Shilling remains stable despite Trump's aid freeze

State says import levy saw creation of 16,000 jobs, 11 steel factories

The introduction of an export and investment promotion levy in the Finance Act of 2023, is said to have facilitated the reopening of 11 steel millers - further creating 16,000 jobs.

State says import levy saw creation of 16,000 jobs, 11 steel factories

Real estate workers record increased income in survey

Workers in the real estate sector are reporting the highest increase in pay in a new study, even as the majority of Kenyans face stagnated or reduced incomes in a depressed economy.

Real estate workers record increased income in survey

Purchasing managers index reveals slow start for businesses

Business conditions are improving rather sluggishly, according to the latest Stanbic Bank Kenya Purchasing Managers’ Index (PMI).

Purchasing managers index reveals slow start for businesses

State's new plan to create 100,000 jobs in leather sector

The government plans to create up to 100,000 jobs in the leather sector, positioning it as a key industrial boost to the country’s exports as it targets Sh120 billion in revenue.

State's new plan to create 100,000 jobs in leather sector

How the new NSSF rates will affect your pocket

The new rates taking effect this month are expected to increase member contributions from Sh2,160 to Sh4,320.This squeezes Sh2,160 more from your pocket.

How the new NSSF rates will affect your pocket

Chorus against credit rating firms amid calls for African alternative

President William Ruto rarely minces on what he thinks of global credit rating agencies.He has insisted that Africa at large needs a credit agency that understands the continent.

Chorus against credit rating firms amid calls for African alternative

Politics vs data: Is the economy doing well as the State claims?

The government says its strategy to improve Kenyans’ livelihoods is on the right path but various reports, however, show the mwananchi is finding it hard to make ends meet.

Politics vs data: Is the economy doing well as the State claims?

Disquiet over NSSF rates as Council of Governors issue new directives

Governors have been directed to disregard the contentious contributions to the National Social Security Fund (NSSF) in the latest showdown between the county chiefs and the fund.

Disquiet over NSSF rates as Council of Governors issue new directives

EABL toasts to 20pc half-year profit rise to Sh8.1b

East African Breweries Ltd (EABL) has announced a 20 per cent increase in profit after tax for the half year ended December 2024.

EABL toasts to 20pc half-year profit rise to Sh8.1b

Why townhouses are selling faster than apartments

Apartments are taking longer to sell compared to townhouses and bungalows, pointing to a growing desire for privacy among homeowners, the latest data reveals.

Why townhouses are selling faster than apartments

Counties on the spot over lack of urban plans, poor development

The lack of urban plans for most town centres in Kenya has been linked to development challenges such as unregulated structures, according to a new report that lists poor planning as a top issue.

Counties on the spot over lack of urban plans, poor development

Drivers vs taxi-hailing companies: Here is where the problem lies

Whenever you speak to online ride-hailing companies, they are usually shy to share their absolute figures on the partners they have.

Drivers vs taxi-hailing companies: Here is where the problem lies

Businesses defy tough times to record improved sales in 2024

ILAM consumer index shows over 61 per cent of businesses reported an increase in sales in quarter three of 2024, while 39 per cent noted a decrease.

Businesses defy tough times to record improved sales in 2024

Surge in high-end hotels spurs visits by foreign tourists

High-end hotels are slowly becoming a norm in Nairobi with the recent entrant of Hyatt Regency.

Surge in high-end hotels spurs visits by foreign tourists

E-commerce now bets on rural areas to grow market

Vinod Goel, the group chief executive of Jumia, believes he has cracked the code to grow the e-commerce platform into an unrivalled firm in the region’s rural market.

E-commerce now bets on rural areas to grow market

Insurance agents' future in doubt as tech disruption hits industry

Underwriters are continually coming up with new technology-driven platforms that are allowing them to interact directly with clients; cutting out the agents.

Insurance agents' future in doubt as tech disruption hits industry

National Police, Prison Services in new plan for officers' housing

The National Police Service and the Kenya Prisons Service plan to tap into the government’s affordable housing programme.

By 2 months ago

National Police, Prison Services in new plan for officers' housing

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.

By 2 months ago

Why cheap credit may never come soon for the private sector

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

Economic advisor Moses Kueria said numbers were to be used as virtual electronic tax registers.mall businesses were poised to be the main target.

By 2 months ago

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

State's big task to comply with EU deforestation regulations

Rules will significantly affect countries such as Kenya that are dependent on agriculture. It is estimated that EU consumption represents around 10 per cent of global deforestation.

By 2 months ago

State's big task to comply with EU deforestation regulations

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