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NEWS & CURRENT AFFAIRS

Digital News

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Graham Kajilwa

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 in new bid to slam brakes on bike theft

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

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

Trade agreement with UAE ready for signing, says CS Mvurya

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.

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.

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.

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.

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.

Apartment prices in Nairobi drop as oversupply depresses market

Local engineers eye more PPPs as Kenya set for global recognition

The emergence of PPPs for capital-intensive projects and the expected Washington Accord status have led engineers to reposition themselves in the country’s industrialisation journey.

Local engineers eye more PPPs as Kenya set for global recognition

Why utility firms need to embrace 'intelligent' distribution systems

Power industries have three major challenges, the key among them being line losses. Line losses stand at about 40 per cent in Africa.

Why utility firms need to embrace 'intelligent' distribution systems

Kenya Power eyes home internet space in new digitalisation plan

Kenya Power plans to install chips in its smart metres for wireless internet access in homes and business premises as the electricity supplier ventures into the crowded internet service space.

Kenya Power eyes home internet space in new digitalisation plan

Lenders urge law change to raise private sector lending

A new report has recommended new ways for banks to increase corporate lending amid growing worry about the crowding out of the private sector in the domestic credit market.

Lenders urge law change to raise private sector lending

More deductions as KRA plans to tax paybill, till numbers

Senior presidential advisor Moses Kuria says mobile money accounts will become tax registers. This is aimed at boosting revenue collection across the country.

More deductions as KRA plans to tax paybill, till numbers

State eyes Sh100bn from landlords in fresh tax push

The government aims to get Sh83 billion more from landlords in a revamped tax system under works spearheaded by the National Treasury

State eyes Sh100bn from landlords in fresh tax push

Why State's huge investments in ICT are yet to pay off

The ICT authority claims that people may be using the internet without the knowledge of how to maximise its potential economically.

Why State's huge investments in ICT are yet to pay off

Mbadi blames revenue shortfall on KRA's outdated tax systems

Treasury CS John Mbadi said outdated KRA systems are some of the challenges why the taxman is not collecting revenue commensurate to the size of Kenya’s economy.

Mbadi blames revenue shortfall on KRA's outdated tax systems

Agriculture output up 34pc as jobless graduates join sector

Labour output in the agricultural sector has increased by over 30 per cent over the last two decades, which could be linked to unemployment rates in the country.

Agriculture output up 34pc as jobless graduates join sector

Mbadi blames revenue shortfalls on KRA's outdated tax systems

The National Treasury and Economic Planning Cabinet Secretary John Mbadi has laid bare the challenges facing revenue collection, saying that some of the taxman’s systems are not working optimally.

Mbadi blames revenue shortfalls on KRA's outdated tax systems

Kenya receives final reports from Korea on joint projects worth Sh130b

The government has received the final reports from Korea’s development cooperation agency covering three major projects under Konza Technopolis

Kenya receives final reports from Korea on joint projects worth Sh130b

Lenders target NGOs with tailor-made products in wake of new law

Lenders say forward contracts can safeguard NGOs from foreign currency fluctuations in the global market.

Lenders target NGOs with tailor-made products in wake of new law

NHC agonises over rent review amid depressed housing market

The National Housing Corporation has revealed difficulties in the rental arm of its business citing unfavourable market conditions.

NHC agonises over rent review amid depressed housing market

Sacco lending to housing sector drops to Sh124b on good rains, coffee reforms

The latest report from Societies Regulatory Authority shows an increase in advances by Saccos to the agricultural sector as loans towards housing and land acquisition dropped.

Sacco lending to housing sector drops to Sh124b on good rains, coffee reforms

How State plans to tame rogue saccos

Cooperative societies across the country are set to undergo inspection and have their officials trained on ethics as the government moves in to sanitise the sector.

How State plans to tame rogue saccos

Real estate developer opens Sh350 million truck stop at Sultan Hamud

Real estate developer Superior Homes has unveiled the first roadside truck stopover complex along the Northern Corridor at Sultan Hamud on Nairobi-Mombasa highway.

Real estate developer opens Sh350 million truck stop at Sultan Hamud

Firm, Chinese machinery dealer in pact to boost export of avocado, nuts

Kenyan investment firm International Controls Ltd, which owns Kenya Nut Company, has signed a cooperation agreement with a Chinese firm to boost the export of avocado and macadamia nuts.

Firm, Chinese machinery dealer in pact to boost export of avocado, nuts

Firms warm up to usage-based insurance to grow penetration

Usage-based insurance is vehicle insurance that adjusts premiums based on the driver’s behaviour.

Firms warm up to usage-based insurance to grow penetration

How the new building code will tame rogue developers

Provision for adequate ventilation, a sink, and a cooking slab or fireplace are mandatory requirements in the new National Building Code

How the new building code will tame rogue developers

Why most small businesses face stunted growth

Kippra executive director Dr Rose Ngugi says the failure of MSEs trading with the government denies them a ready market.

Why most small businesses face stunted growth

SIC Investment Cooperative seeks NSE listing after rebrand

SIC Investment Cooperative, formerly Safaricom Investment Cooperative (SIC), has revealed plans to list on the Nairobi Stock Exchange (NSE) after taking up a new brand identity.

SIC Investment Cooperative seeks NSE listing after rebrand

Audit underway for Sh2b coffee debt write-off, says Oparanya

The government has committed to waive Sh2 billion debt in the coffee sector and prioritise the crop as key in growing foreign exchange reserves.

Audit underway for Sh2b coffee debt write-off, says Oparanya

Report: How Kenya's weak labour market hurts economy

The Kenya Economic Report states that agriculture is a labour-intensive sector and would therefore require targeted interventions to make it more productive.

Report: How Kenya's weak labour market hurts economy

Varying standards curtail Kenyan insurers' regional foray

Regional disparity in insurance sector standards forces Kenyan firms to incur extra costs to train staff in new markets where they set up subsidiaries.

Varying standards curtail Kenyan insurers' regional foray

Safaricom consortium gets Sh104b contract for digital health system

The three firms will invest in the project and recover the investment over a 10-year period starting February 2025, delivering 70,000 tablets and 5,000 laptops to public health workers.

Safaricom consortium gets Sh104b contract for digital health system

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