Business

Rwanda joins Kenya to tax digital markets amidst ballooning budgets

Rwanda joins Kenya to tax digital markets amidst ballooning budgets

Countries in Eastern Africa have embraced digital market space and are looking to tax digital services in an attempt to…
Equity Group’s 2021 profit up 98% on increased customer support

Equity Group’s 2021 profit up 98% on increased customer support

Equity Group profit surged by 98 percent to Ksh.39.17 for the full year ended December 31, 2021 compared to a…
What it means DR Congo being admitted to EA Community

What it means DR Congo being admitted to EA Community

The Democratic Republic of Congo (DRC) will officially be admitted to the East Africa Community (EAC), adding a 90 million…
Govt to slash M-Pesa transaction rates

Govt to slash M-Pesa transaction rates

Safaricom’s gigantic revenue record is likely to be tampered with, considering the government’s proposal to slash M-Pesa transaction rates. National…
Treasury to release  financial year 2022/23 budget in April

Treasury to release  financial year 2022/23 budget in April

The National Treasury has set April 7, 2022, as the date for the 2022 budget statement presentation. Treasury Cabinet Secretary…
Ride hailing app Bolt revises price upwards over fuel costs

Ride hailing app Bolt revises price upwards over fuel costs

Bolt Kenya has increased its tariffs by four percent following the increase in fuel costs. Under the new rates, bolt…
Kenya now owes China over Ksh.3 billion in delayed payments

Kenya now owes China over Ksh.3 billion in delayed payments

Kenya has recently been struggling to repay her debt to Chinese-owned companies. Recent record by Auditor General Nancy Gathungu shows…
Kenya shilling hits record low to 114.4 units against dollar

Kenya shilling hits record low to 114.4 units against dollar

The Kenyan shilling depreciated by 0.2 percent against the US dollar, to start the week at Ksh.114.4, partly attributable to…
List of fully approved coffee brokers in Kenya

List of fully approved coffee brokers in Kenya

The Coffee Exchange Regulations were gazetted by the Cabinet Secretary of the National Treasury and Planning on April 3, 2020.…
IMF approves Ksh.14.5 billion loan to Uganda

IMF approves Ksh.14.5 billion loan to Uganda

The International Monetary Fund is giving  Uganda an additional Ksh.14.5 billion as part of an Extended Credit Facility Arrangement. In…
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