BUSINESS NEWS
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A new survey conducted in 60 developed and developing countries by a top US University has ranked Kenya the fourth-fastest growing digital economy in the world.
In its Digital Planet 2017 report, Tufts University’s Fletcher School of Business indicated that Kenya’s digital economy has high…
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African Export and Import Bank (Afreximbank) is courting high-net worth individuals Nairobi to purchase into its Depository Receipts (DRs) with an attempt raise up to Sh30.97 billion by September 22nd.
The trade financier plans to raise between $100 million (Sh10.32 billion) and $300 million (Sh30.…
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A United States watchdog agency has given Kenya's pending $418 million (Sh 43 billion) purchase of combat aircraft, the biggest weapons deal in the US history, a clean bill of health, saying that it conforms with US law governing the Foreign Military Sales (FMS) programme.
The US Government…
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Thousands of employees in both public and private sectors could miss out on their September salaries after Kenya Revenue Authority (KRA) deactivated their Personal Identification Numbers (PINs).
Those who have been affected include taxpayers who have pending Value Added Tax (VAT) obligations that…
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An investigative report by the Standard has exposed how love for quick money by Kenyans has overshadowed normal 'traditional' ways of acquiring wealth.
A normal morning at the Nairobi city centre, Kenyans are rushing to make it on time to their job places, two sharply young gentlemen walk along…
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Kirinyaga Governor Anne Waiguru has inked a deal with private partners that will see construction of 10 industrial hubs worth Sh5 billion for value addition of agricultural produce.
In the deal, Kirinyaga county will provide land for setting up of the parks while private developers will foot…
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The Kenya Revenue Authority (KRA) has announced a 30-day grace period for taxpayers to update their tax status, failure to which they will face penalties.
KRA had earlier threatened it would deactivate personal identification numbers (PINs) of non-compliant taxpayers beginning Thursday last week, a…
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Kenya's giant telecommunication firm Safaricom mobile money service M-Pesa will halt its services for the better part of next weekend when the company upgrades the system.
The operator said it will be upgrading the system from 10 pm on Saturday (September 9) to 1 pm on Sunday (September 10) and…
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About Sh50 billion was lost in 10 minutes on Friday after trading at Nairobi Security Exchange (NSE) was halted following Supreme Court verdict that nullified President Uhuru Kenyatta’s victory.
It is reported that there was a severe crash on NSE counters and in less than 10 minutes after the…
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The Communications Authority (CA) has slapped three mobile service operators with a collective fine of Sh311.6 million for poor service.
Tne authority said that Safaricom, Airtel and Telkom Kenya failed to meet the quality of service standards for the financial year 2015/16 as required, and thus…
