Business
KRA Makes Changes to Excise Duty Rates Effective December 27, 2024
December 23, 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
December 20, 2024
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
December 20, 2024
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
December 19, 2024
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
December 19, 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
December 17, 2024
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
December 17, 2024
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…
Kenya Invites Tenders for Leasing Electric Vehicles
December 17, 2024
Kenya Invites Tenders for Leasing Electric Vehicles
Kenya’s National Treasury and Economic Planning has issued an open national tender inviting local and international firms to participate in…
Bitcoin Hits Record $106,000 Amidst Optimism Over Trump’s Cryptocurrency Stance
December 16, 2024
Bitcoin Hits Record $106,000 Amidst Optimism Over Trump’s Cryptocurrency Stance
Bitcoin has soared to an all-time high, continuing a remarkable rally that has pushed the cryptocurrency’s value up by more…
Saudi Group Offers $1.3 Billion to Acquire South Africa’s Barloworld
December 16, 2024
Saudi Group Offers $1.3 Billion to Acquire South Africa’s Barloworld
Saudi Arabia’s Zahid Group and its partners, Gulf Falcon Holding and Entsha, have proposed a $1.3 billion buyout of South…