News
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Co-op Bank’s 2021 first quarter profit drops by 4%
Co-operative Bank has reported a 4 percent drop in net profit in the first quarter of 2021 compared to the…
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MPs pass motion to exempt Japanese working in Kenya from income tax
The National Assembly has passed a motion that will see Japanese companies, employees and consultants exempted from Income Tax. Parliamentary…
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Kenya records 469 new COVID-19 cases, with 7.5% positivity rate
Kenya has recorded 469 new cases of coronavirus from a sample size of 6,244 tests, translating to a positivity rate…
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UK unemployment rate drops, hiring up as lockdown eases
The jobless rate in the United Kingdom dropped to 4.8 percent between January and March, 2021. Official data however shows…
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Ascent raises Ksh.10.8 billion as it announces first close of Ascent Rift Valley Fund II
African SME private equity fund manager, Ascent has announced the first rolling close of its Ascent Rift Valley Fund II…
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Dubai hotels to operate at full capacity as UAE relaxes COVID-19 restrictions
Dubai has officially eased COVID-19 restrictions allowing hotels in the regional tourism hubs to function at full capacity. The Government…
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CMA lists seven firms to its innovation hub
The Capital Markets Authority (CMA) has admitted seven firms to its Regulatory Sandbox. The innovation hub allows firms to test…
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Relief for Kenyan online businesses as Treasury seeks to exempt locals from digital tax
The National Treasury is now pushing to exempt local businesses from the Digital Service Tax (DST). Under the 2021 Finance…
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Kenya records 10 new fatalities from COVID-19
Kenya has recorded 10 new fatalities arising from COVID-19, raising the country’s cumulative fatalities to 3,013. According to the latest…
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Britam unveils COVID-19 insurance cover with age limit of 75
Listed Insurance Group, Britam has launched a health insurance cover designed to cover full hospitalization expenses of its policyholders for…
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