Business

Kenya’s Economy Grows by 4% in Q3 2024, the Slowest Pace Since Early 2021

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…
Crude Exports From South Sudan Resumes After 10-Month Force Majeure

Crude Exports From South Sudan Resumes After 10-Month Force Majeure

Sudan has lifted a force majeure notice on crude exports from South Sudan, allowing oil shipments to resume through a…
Kenya Airways Delivers Stellar Performance on NSE After Resuming Trading

Kenya Airways Delivers Stellar Performance on NSE After Resuming Trading

Kenya Airways (KQ) has captured the attention of investors following an impressive performance on the Nairobi Securities Exchange (NSE). The…
KRA Makes Changes to Excise Duty Rates Effective December 27, 2024

KRA Makes Changes to Excise Duty Rates Effective December 27, 2024

The Kenya Revenue Authority (KRA) has announced adjustments to excise duty rates for various goods and services, following the enactment…
Ndiritu Muriithi Appointed as KRA Board Chair in Fresh State Appointments

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…
Ruto Makes Major Changes in His Cabinet, State Corporations 

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…
Tanzania’s Amsons Group Launches Ksh.23.6 Billion Bamburi Cement Buyout

Tanzania’s Amsons Group Launches Ksh.23.6 Billion Bamburi Cement Buyout

Tanzania’s Amsons Group has initiated its Ksh.23.6 billion acquisition of Bamburi Cement, one of Kenya’s leading cement manufacturers – according…
KRA Announces Key Changes to PAYE Following Tax Laws (Amendments) Act, 2024

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…
Tyme Becomes Africa’s Newest Unicorn After Securing $250M, Valuation Hits $1.5B

Tyme Becomes Africa’s Newest Unicorn After Securing $250M, Valuation Hits $1.5B

Tyme Group, the digital banking firm backed by South African billionaire Patrice Motsepe, has raised $250 million in its latest…
Shelter Afrique Development Bank Partners with African Union to Tackle Africa’s Housing Crisis

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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