Business
State pushes for 20% excise duty on punters for second time
April 11, 2022
State pushes for 20% excise duty on punters for second time
The National Treasury Cabinet Secretary Ukur Yatani seeks to increase excise duty as changes are made to the Excise Duty…
NSE listed banks’ net profit grew to Ksh.141.5 billion in 2021; here’s how
April 11, 2022
NSE listed banks’ net profit grew to Ksh.141.5 billion in 2021; here’s how
Banks’ net profit through the 12 months to December 31, 2021, rose to Ksh.141.5 billion from Ksh.80.29 billion in 2020.…
KQ cuts staff by 3% to 3544 to save on operating cost
April 11, 2022
KQ cuts staff by 3% to 3544 to save on operating cost
Kenya Airways (KQ) cut its manpower from 3652 in 2020 to 3544 in 2021 to represent a three percent cut…
President Kenyatta, Tshisekedi sign treaty of association of DR Congo into EAC
April 8, 2022
President Kenyatta, Tshisekedi sign treaty of association of DR Congo into EAC
Presidents Uhuru Kenyatta and Felix Tshisekedi signed the treaty of accession of DR Congo into the East African Community (EAC)…
Elon Musk overtakes Jeff Bezos as richest man globally with Ksh. 25.3 trillion net worth
April 8, 2022
Elon Musk overtakes Jeff Bezos as richest man globally with Ksh. 25.3 trillion net worth
Elon Musk’s net worth hit Ksh. 25.3 trillion ($216 billion) to become world’s richest man according to Forbes. Musk owns …
Safaricom, Airtel and Telkom merge mobile money services through ‘Lipa Na M-Pesa’
April 8, 2022
Safaricom, Airtel and Telkom merge mobile money services through ‘Lipa Na M-Pesa’
Kenya’s mobile network operators Telkom, Safaricom, and Airtel have integrated their mobile money service platforms, allowing Kenyans to make mobile…
TSC allocated Ksh.2.5 billion for recruitment of teachers
April 8, 2022
TSC allocated Ksh.2.5 billion for recruitment of teachers
The Teachers Service Commission (TSC) has been allocated Ksh.2.5 billion for recruitment of teachers. This was revealed by National Treasury…
Fertilizer subsidy kitty allocated Ksh.2.7 billion of Ksh.3.3 trillion 2022/23 budget
April 8, 2022
Fertilizer subsidy kitty allocated Ksh.2.7 billion of Ksh.3.3 trillion 2022/23 budget
The Agricultural sector has remained to be the largest contributor to Kenya’s Gross Domestic Product (GDP), a sector President Uhuru…
Kenya’s debt financing up 50% of total expenditure during UhuRuto regime, nearing Ksh.9 trillion debt ceiling
April 8, 2022
Kenya’s debt financing up 50% of total expenditure during UhuRuto regime, nearing Ksh.9 trillion debt ceiling
Increased spending on debt payment has hurt Kenya’s thin revenues, squeezed funds available for development projects, and forced some State…
Kenya’s economy to grow by 6% in 2022
April 8, 2022
Kenya’s economy to grow by 6% in 2022
The Government has projected a growth of six percent for the fiscal year 2022/2023. This is against a backdrop of…