Economy
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World Bank to Loan Kenya $12 Billion in Next Three Years
The World Bank has pledged to finance Kenya’s goal of becoming an upper-middle-income country by 2030, with up to $12…
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Kenya’s IMF Funding Surges: A Look at the Country’s Growing Debt
Loans obtained from the International Monetary Fund (IMF) have increased threefold to Ksh.335.5 billion as of June this year from…
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Nairobi Gate Industrial Park: Pioneering Special Economic Zone in East Africa Boosts Business Efficiency
Nairobi Gate Industrial Park has made a significant stride by launching the first Special Economic Zone (SEZ) in East Africa,…
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How to Manage the Cost of Living – The Experts’ View
When the National Dialogue Committee retreated to Elementaita a couple of weeks ago, there was heated debate on the cost…
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25 Countries Converge for Kenya’s $6.6 Billion Construction Boom in 3-Day Event
The Big 5 Construct Kenya, a major event in the construction industry, returned to Nairobi in November, bringing together 150…
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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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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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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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Quickmart Loses Ksh.94 Million in Wells Fargo Heist
Wells Fargo employees made away with Ksh.94 million belonging to retail chain Quickmart in Nairobi. Following an incident that happened…
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Kenya Posta to Lay off Over 500 Employees
The State corporation, Posta will send home 504 employees by February 2024 in a plan that has been approved by…
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