Business
KRA moves to court blocking order to reopen Keroche
July 19, 2022
KRA moves to court blocking order to reopen Keroche
The Kenya Revenue Authority (KRA) moved to High Court to request a vacation of an order by the same court…
Kenya receives extra Ksh28 billion loan from IMF
July 19, 2022
Kenya receives extra Ksh28 billion loan from IMF
The International Monetary Fund (IMF) has approved the release of a Ksh.28 billion ($235.6 million) loan to Kenya. The new…
L’Oreal Professional Paris to partner with 1,000 professional stylists with the launch of natural haircare segment
July 19, 2022
L’Oreal Professional Paris to partner with 1,000 professional stylists with the launch of natural haircare segment
L’Oréal Professional Paris, has partnered with professional hair stylists in Kenya to officially release it’s newest range of natural hair…
Uganda’s central bank hikes interest rate to 8.5% to tame rising inflation
July 7, 2022
Uganda’s central bank hikes interest rate to 8.5% to tame rising inflation
The Bank of Uganda (BoU) is increasing the interest rate by one percentage point from 7.5 percent to 8.5 percent…
Nairobi County to pay lawyer Kipkorir Ksh.1.3 billion as compensation fee
July 7, 2022
Nairobi County to pay lawyer Kipkorir Ksh.1.3 billion as compensation fee
A court in Nairobi has ruled in favour of lawyer Donald Kipkorir over legal compensation fee following a court battle…
NIFC launches in Kenya with Ksh.235 billion investment plan
July 7, 2022
NIFC launches in Kenya with Ksh.235 billion investment plan
The Nairobi International Financial Centre (NIFC) has been launched in Kenya, a flagship initiative under the economic pillar of Kenya’s…
Phone importation into Kenya goes up as govt imposes 10% levy
July 1, 2022
Phone importation into Kenya goes up as govt imposes 10% levy
Importing mobile phones into Kenya will cost importers extra shillings effective July 1, 2022. This is after President Uhuru Kenyatta…
Sylvia Mulinge exits Safaricom after a 16-year stint to join MTN Uganda as CEO
July 1, 2022
Sylvia Mulinge exits Safaricom after a 16-year stint to join MTN Uganda as CEO
Sylvia Mulinge will be leaving Safaricom PC this September after a 16-year stint at Kenya’s largest telco. She will be…
Kenya’s inflation at 5-year high of 7.9%
June 30, 2022
Kenya’s inflation at 5-year high of 7.9%
Kenya’s inflation accelerated to a record high in June amid increased costs of food and high fuel prices which have…
KRA announces mass property auction including 194 high-end cars; how to pace bid
June 27, 2022
KRA announces mass property auction including 194 high-end cars; how to pace bid
The Kenya Revenue Authority (KRA) has invited interested bidders for its auctioning exercise scheduled for two days beginning June 28,…