BUSINESS NEWS
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President William Ruto's senior economic advisor Moses Kuria has provided clarification on his recent comments regarding the conversion of mobile payment systems into Electronic Tax Receipts (ETRs) by December.
Initially, his remarks at the Kenya Revenue Authority (KRA) Summit had been interpreted…
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The Italian ambassador Roberto Natali recently met with Kenya's Transport and Roads Minister Davis Chirchir and Deputy Minister Mohamed Daghar in Nairobi.
The high-level dialogue focused on the development of Malindi International Airport and surrounding road networks. These discussions form part…
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Kenya is racing against time to comply with the European Union's new regulations aimed at curbing deforestation and forest degradation linked to imported products, including coffee.
The Kenyan government has announced urgent measures to assist coffee farmers in meeting these stringent requirements…
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Equity Bank fell victim to a sophisticated cyber heist between April and July 2023, resulting in a loss of Sh322.1 million.
The incident, which came to light during a detailed investigation by detectives, revealed a complex scheme involving the infiltration of the bank's payment and fraud…
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The Hustler Fund, officially known as the Financial Inclusion Fund, is grappling with significant challenges in loan recovery.
Acting CEO Elizabeth Nkukuu has informed Members of Parliament that the fund has reached an impasse in its efforts to recoup outstanding loans. A substantial portion of…
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The Kenyan shilling demonstrated remarkable stability in September, maintaining a consistent exchange rate of Sh129.19 against the US dollar.
This steadiness defied expectations of appreciation following the US Federal Reserve's interest rate reduction two weeks prior. Market participants…
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The Kenya Information and Communications (Amendment) Bill, 2022 has entered its second reading in Parliament, reigniting efforts to separate mobile money services from telecommunications operations.
This legislative proposal mandates that telcos like Safaricom, Airtel, and Telkom Kenya obtain…
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American satellite internet company Starlink has expanded its offerings in Kenya with the introduction of a more affordable and portable option called 'Starlink Mini'.
This new package launched globally on June 21, is now available for purchase by Kenyan subscribers, as announced by the company on…
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The Kenyan Shilling has demonstrated remarkable resilience against the US Dollar, experiencing a notable strengthening on Wednesday driven by increased demand from companies for the local currency.
This surge in demand has alleviated pressure on the Kenyan Shilling, resulting in gains against the…
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A Kenyan farm manager was honoured on Wednesday at the United Nations General Assembly (UNGA) in the USA for leading the best innovative and sustainable agricultural practices.
Kevin Getobai, the manager of Ololo Farm and Lodge in Kenya, has been recognized for his innovative and sustainable…
