Business
CBK raises Ksh.67 billion from oversubscribed 6.5-year bond
November 8, 2023
CBK raises Ksh.67 billion from oversubscribed 6.5-year bond
The Ksh. 50 billion bond that was issued was oversubscribed, raising Ksh. 67 billion for the 6.5-year bond offering. This…
25 Countries Converge for Kenya’s $6.6 Billion Construction Boom in 3-Day Event
November 8, 2023
25 Countries Converge for Kenya’s $6.6 Billion Construction Boom in 3-Day Event
The Big 5 Construct Kenya, a major event in the construction industry, returned to Nairobi in November, bringing together 150…
KRA Issues New Directive for All Businesses Effective September 2023
November 8, 2023
KRA Issues New Directive for All Businesses Effective September 2023
Effective from September 1, 2023, all businesses, regardless of whether they are registered for Value Added Tax (VAT) or not,…
KRA Now Targets Airbnb to Ensure Tax Compliance Among Kenyan Hosts
November 8, 2023
KRA Now Targets Airbnb to Ensure Tax Compliance Among Kenyan Hosts
The Kenya Revenue Authority (KRA) has taken a significant step towards ensuring tax compliance among Kenyan hosts on Airbnb, the…
Two Fundamental Principles for Running a Business
November 8, 2023
Two Fundamental Principles for Running a Business
Veerakumar Natarajan, the Zoho Manager in Kenya, emphasizes two fundamental principles in business. The first principle revolves around Financial Prudence.…
Kenya To Lead Charge in Africa to lessen dependency on US Dollar
November 8, 2023
Kenya To Lead Charge in Africa to lessen dependency on US Dollar
Kenya is leading the charge among African nations to lessen their dependency on the US dollar after winning the competition…
Safaricom, Sumitomo to launch Spark Accelerator to help startups
November 8, 2023
Safaricom, Sumitomo to launch Spark Accelerator to help startups
Safaricom has joined forces with M-PESA Africa and Sumitomo Corporation, a Fortune 500 global trading and business investment firm, to…
Kenya’s $2 Billion Eurobond Now Fully Funded, Says Ndii
November 7, 2023
Kenya’s $2 Billion Eurobond Now Fully Funded, Says Ndii
The $2 billion Eurobond issued by Kenya is scheduled to mature in June 2024, and according to David Ndii, Chair…
NCBA Group Ties Kenya’s Economic Outlook at 5.1% in 2024
November 7, 2023
NCBA Group Ties Kenya’s Economic Outlook at 5.1% in 2024
NCBA Bank predicts a 5.1% growth in the Kenyan economy in 2024, boosted by a rebound in the agriculture sector,…
Quickmart Loses Ksh.94 Million in Wells Fargo Heist
November 6, 2023
Quickmart Loses Ksh.94 Million in Wells Fargo Heist
Wells Fargo employees made away with Ksh.94 million belonging to retail chain Quickmart in Nairobi. Following an incident that happened…