Year: 2023
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Economy

KRA Issues New Directive for All Businesses Effective September 2023
Effective from September 1, 2023, all businesses, regardless of whether they are registered for Value Added Tax (VAT) or not,…
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Economy

KRA Now Targets Airbnb to Ensure Tax Compliance Among Kenyan Hosts
The Kenya Revenue Authority (KRA) has taken a significant step towards ensuring tax compliance among Kenyan hosts on Airbnb, the…
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Technology

Cassava Network’s CEO steps down to launch new fintech venture for African businesses
Mansa, a new fintech for African businesses, has been launched by CEO Mouloukou Sanoh of Cassava Network, one of the…
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Videos

Two Fundamental Principles for Running a Business
Veerakumar Natarajan, the Zoho Manager in Kenya, emphasizes two fundamental principles in business. The first principle revolves around Financial Prudence.…
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Videos

John Gachora: What Would Fuel A 4.9% GDP Growth in Kenya in 2023
The year 2023 marked a significant turnaround in the agricultural sector of Kenya, driving the nation’s GDP growth rate to…
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Currencies

Kenya To Lead Charge in Africa to lessen dependency on US Dollar
Kenya is leading the charge among African nations to lessen their dependency on the US dollar after winning the competition…
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Corporate

Safaricom, Sumitomo to launch Spark Accelerator to help startups
Safaricom has joined forces with M-PESA Africa and Sumitomo Corporation, a Fortune 500 global trading and business investment firm, to…
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Markets

Kenya’s $2 Billion Eurobond Now Fully Funded, Says Ndii
The $2 billion Eurobond issued by Kenya is scheduled to mature in June 2024, and according to David Ndii, Chair…
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Economy

NCBA Group Ties Kenya’s Economic Outlook at 5.1% in 2024
NCBA Bank predicts a 5.1% growth in the Kenyan economy in 2024, boosted by a rebound in the agriculture sector,…
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East Africa

Development Projects Cost up 0.65% to $6.1 Billion in 2024 in Tanzania
Eastern African countries have increased investment in infrastructure projects in the past five years with Tanzania leading in terms of…
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