Business

Understanding the New NSSF Contribution Rates and Their Implications

Understanding the New NSSF Contribution Rates and Their Implications

The National Social Security Fund (NSSF) has announced adjustments in contribution rates for year 2, aligning with the 3rd Schedule…
ATC Kenya Appoints George Odenyo its New CEO

ATC Kenya Appoints George Odenyo its New CEO

American Tower Corporation Kenya (ATC Kenya) has appointed George Odenyo as its new Chief Executive Officer (CEO), effective January 1,…
Sugar Prices Rising in Nigeria After Crops Hit by Extreme El Nino Weather Pattern

Sugar Prices Rising in Nigeria After Crops Hit by Extreme El Nino Weather Pattern

Extreme weather around the globe associated with the El Nino weather pattern is making sugar more expensive in Nigeria, which…
How EPRA’s Latest Electricity Price Hike Will Affect Kenyans

How EPRA’s Latest Electricity Price Hike Will Affect Kenyans

The Energy and Petroleum Regulatory Authority (EPRA) has announced a 16.5% increase in electricity prices starting from January 2024, citing…
Limuru Tea Issues Profit Warning on Eroding Shilling Value

Limuru Tea Issues Profit Warning on Eroding Shilling Value

Limuru Tea Plc, a key player in the green-leaf tea industry and a major supplier to eKattera Tea Kenya PLC…
Kenya Sets Aside Ksh.5.9 Billion to Boost Coffee Farming

Kenya Sets Aside Ksh.5.9 Billion to Boost Coffee Farming

The Kenyan government has earmarked Ksh.5.9 billion for the Coffee Cherry Advance Revolving Fund to revitalize the coffee industry and…
CBK Taps Ksh.25 Billion From Ksh.35 Billion Jan Auction

CBK Taps Ksh.25 Billion From Ksh.35 Billion Jan Auction

The Central Bank of Kenya (CBK) issued the results of the reopened three-year and five-year Treasury Bond Issue, which was…
Africa May Turn to China for Cheaper Loans amid High International Market Rates

Africa May Turn to China for Cheaper Loans amid High International Market Rates

Standard Chartered Plc said that China’s loans to Africa could increase for the first time since 2016, as it promises…
How the VAT hike on Fuel Affected Kenyan Economy in Q1 2023/24

How the VAT hike on Fuel Affected Kenyan Economy in Q1 2023/24

The Finance Act 2023, which came into effect on July 1, 2023, increased the Value Added Tax (VAT) on petroleum…
Kakuzi Raises Its Employees’ Salaries by 16%

Kakuzi Raises Its Employees’ Salaries by 16%

Workers at Kakuzi Plc are set to have a promising New Year following the successful negotiation of a Collective Bargaining…
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