Business
IEBC caps presidential campaign budgets for candidates at Ksh.4.4 billion
August 9, 2021
IEBC caps presidential campaign budgets for candidates at Ksh.4.4 billion
The Independent Electoral and Boundaries Commission, (IEBC) has gazetted the maximum amount of money that candidates in next year’s polls…
Parliament’s Finance Committee approves law seeking to regulate digital lenders
August 9, 2021
Parliament’s Finance Committee approves law seeking to regulate digital lenders
The National Assembly Finance and Planning Committee has approved the Central Bank of Kenya (Amendment) Bill 2021 that seeks to…
Alibaba fires manager, HR head quits over rape case at firm
August 9, 2021
Alibaba fires manager, HR head quits over rape case at firm
Alibaba Group Holding has fired a manager accused of rape and punished several executives for their handling of the case…
KTDA tea prices up 6.1% at Mombasa Tea Auction
August 9, 2021
KTDA tea prices up 6.1% at Mombasa Tea Auction
Prices of teas from KTDA-managed factories improved marginally at the Mombasa Tea Auction this week, selling at an average of…
Over Ksh.30 billion lost as PSVs resume carrying full capacity
August 9, 2021
Over Ksh.30 billion lost as PSVs resume carrying full capacity
The government has allowed Public Service Vehicles (PSV) to carry passengers at full capacity starting Monday. On August 6, transport Chief Administrative…
T-Bills undersubscribed in past week as 91-day paper reign supreme
August 9, 2021
T-Bills undersubscribed in past week as 91-day paper reign supreme
T-bills remained undersubscribed last week, with the overall subscription rate coming in at 99.8 percent, an increase from the 69.6…
CMA directs Cytonn Asset Managers to change name
August 6, 2021
CMA directs Cytonn Asset Managers to change name
The Capital Markets Authoritry (CMA) has directed Cytonn Asset Managers Limited, a licensed fund manager, to immediately halt signing-up new…
Xingyun Global enters Kenyan market with Ksh.65 billion investment plan
August 6, 2021
Xingyun Global enters Kenyan market with Ksh.65 billion investment plan
The onset of the coronavirus pandemic has not darkened the prospects of Kenya being an international business destination. Kenya plays…
How much KenGen generates from its hydropower
August 6, 2021
How much KenGen generates from its hydropower
Kenya Electricity Generating Company (KenGen) generates about 826 megawatts (MW) from its hydropower. It has vowed to remain consistent with…
KRA falls short of revenue target to collect Ksh.1.56 trillion
August 6, 2021
KRA falls short of revenue target to collect Ksh.1.56 trillion
The Kenya Revenue Authority (KRA) missed its annual tax target by Ksh.16.8 billion to collect Ksh.1.56 trillion in the year…