BUSINESS NEWS
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The unveiling of a menu featuring meal prices in dollars at a popular restaurant in Gigiri, Nairobi County, sparked a fierce debate on Wednesday.
The restaurant owner has introduced a new policy In light of the unpredictable performance of the Kenyan Shilling throughout the year. Now, customers are…
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Investment options in Kenya have traditionally centred around land and rental properties.
However, as the investment market continues to evolve, Kenyans are actively seeking alternative methods to broaden their investment portfolios. A rising trend in this pursuit is the growing popularity of Money…
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President William Ruto adhered to the conditions set by the International Monetary Fund (IMF) and eliminated all subsidy spending in the first quarter of September.
The government had Initially earmarked to allocate Sh24.87 billion in government subsidies, mainly for fertiliser, in the financial…
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Airtel Networks Kenya Limited has emerged victorious in a legal dispute against the Kenya Revenue Authority (KRA), resulting in a loss of Sh791 million for the tax agency.
Judge Alfred Mabeya of the Commercial Court has determined that the Kenya Revenue Authority's (KRA) request for transaction…
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Lawyer David Chumo has taken legal action against the Directorate of Criminal Investigations (DCI) regarding the location of Anne Njeri Njoroge, a businesswoman associated with the importation of diesel worth Sh17 billion.
The case has been filed at the High Court in Mombasa where Chumo is seeking…
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The IMF has issued a warning to Kenya and other Sub-Saharan countries regarding the potential impact of China's economic growth decline on their economies.
Thursday's press release announced reduced levels of borrowing from China by Sub-Saharan countries, resulting in the need to seek other sources…
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Several Korean companies have shown interest in investing in Kenya by capitalizing on the ongoing advancements in technology.
The Korea Trade Development Agency (KOTRA) reports that three Korean companies have signed Memorandums of Understanding (MoUs) with Kenyan companies. Examples include Korea…
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The Kenya Revenue Authority (KRA) has contacted Airbnb, the online platform for short and long-term homestays, in a bid to crack down on tax evasion among Kenyan hosts.
Airbnb Ireland UC, acting as the data controller for Airbnb Kenya users, has received a request from the KRA for transaction data…
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Quickmart has suffered a loss of Sh94 million in what appears to be a robbery that took place on Monday while the money was being ferried to the Nairobi city centre for banking.
As of now, there are concerns over the whereabouts of the two Wells Fargo staffers responsible for transporting the funds…
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Households have been cutting down on non-essential expenses due to rising costs.
This is in line with a recent survey analyzing the behaviour of Kenyan consumers from April to June. The study by TransUnion revealed that over half of households reduced their spending on non-essential items in the…
