President William Ruto appointed his cabinet Tuesday which will help him deliver on Hustler narrative he pledged during campaign trail for the next five years. Among top key figures in the cabinet is the National Treasury Cabinet Secretary Professor Njuguna Ndungu. Professor Ndungu is the former Central
Kenya Power has announced plans to drop fuel enabled vehicles for electric ones on looming calls to fight biting climate change globally. The power utility, will in first phase, buy three electric cars at a cost of Ksh.40 million. The three will include two pick-ups and one
Corporation has launched a solution-based tax compliant platform dubbed <em>Zoho Books</em> at Radison Blue on Tuesday, September 27. Zoho Books is a Value Added Tax (VAT) and Tax Invoice Management System (TIMS) compliant software that has been devised for all Micro and Small Medium Enterprises (MSMEs)
President William Ruto has unveiled his new team of 21 Cabinet Secreatries at State House, Nairobi. The Cabinet comprises a list of well learned professionals among them former Tharaka Nithi Senator Professor Kithure Kindiki who replaces Dr. Fred Matiangi as Interior CS. Here is the full list
Traders in Kenya will now have authority to choose their mode of transporting goods from the port of Mombasa to other parts of the country. This follows a notice issued by the Kenya Ports Authority (KPA) Managing Director John Mwangemi who vacated the 2018 ban on
The Kenya shilling slumped 0.1 percent against the United States dollar at the close of the week ended September 23. Data from the Central Bank of Kenya (CBK) indicates the shilling traded 120.6 from Ksh.120.4 in the past week, owing to the increased dollar demand from
The Central Bank of Kenya (CBK) has floated a 15-year and 25-year Treasury Bonds (domestic credit market) as it seeks to raise Ksh.60 billion in October. The purpose for the auction, according to the regulator is to support the country’s Ksh.3.3 billion 2022/23 budget. Interested investors have
Beginning September 17, 2022, it will be illegal for mobile lenders, legally identified as Digital Credit Providers (DCP) to make direct contact or send endless messages should a borrower run into default. It is in line with new draft regulations that were published by the Central
African countries including Kenya are experiencing serious levels of economic distress to maintain relationship in the financial markets like borrowing on manageable terms as policy makers in the developed economies resolve to rapidly raise interest rates. According to the Central Bank of Kenya (CBK) Governor Dr.
The Nairobi Securities Exchange (NSE) has temporarily suspended part of the fees involved in day trading. The waiver is expected to touch on ‘second leg’ fees charged on investors for selling or buying stocks after an initial purchase or selling transaction. The move by the bourse is
