Economy
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Kenya Seeks New IMF Funding as April Programme Nears Conclusion
Kenya has announced plans to secure a one-year financial assistance package from the International Monetary Fund (IMF), with negotiations already…
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Kenya’s Private Sector Confidence Dips Amid Tough Business Environment
Kenya’s private sector confidence has taken a hit, with businesses bracing for a more challenging year due to rising costs…
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Africa’s Mobile Internet Market Sees Growth as MTN Dominates Market
With mobile internet penetration at 27% and demand surging, Africa’s telecom sector remains fiercely competitive. The top five operators—MTN, Orange,…
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Kenya’s Economy Grows by 4% in Q3 2024, the Slowest Pace Since Early 2021
Kenya’s economy expanded by 4% in the third quarter of 2024, marking the slowest growth rate since early 2021. This…
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Ndiritu Muriithi Appointed as KRA Board Chair in Fresh State Appointments
President William Ruto has appointed former Laikipia Governor Ndiritu Muriithi as the Chairperson of the Kenya Revenue Authority (KRA) Board…
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Ruto Makes Major Changes in His Cabinet, State Corporations
President William Ruto made changes to the senior ranks of the executive, including nominations, reassignments, and appointments. The reshuffles and…
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KRA Announces Key Changes to PAYE Following Tax Laws (Amendments) Act, 2024
The Kenya Revenue Authority (KRA) has announced updates to the Pay-As-You-Earn (PAYE) computation following the implementation of the Tax Laws…
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Shelter Afrique Development Bank Partners with African Union to Tackle Africa’s Housing Crisis
Shelter Afrique Development Bank (ShafDB) and the African Union (AU) have signed a Memorandum of Understanding (MOU) to address Africa’s…
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Kenya Invites Tenders for Leasing Electric Vehicles
Kenya’s National Treasury and Economic Planning has issued an open national tender inviting local and international firms to participate in…
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Saudi Group Offers $1.3 Billion to Acquire South Africa’s Barloworld
Saudi Arabia’s Zahid Group and its partners, Gulf Falcon Holding and Entsha, have proposed a $1.3 billion buyout of South…
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