BUSINESS NEWS
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Treasury Cabinet Secretary Henry Rotich has indicated that Kenya will spend approximately Ksh2.55 trillion in the 2018/2019 financial year.
Reading the Sh3.07 billion total budget for the fiscal year at the National Assembly on Thursday afternoon, Rotich noted that the government projects the…
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Kenya is set to unveil an all-time high budget of Sh3.07 trillion for the 2018/19 financial year to be tabled before Parliament. In the 2017/2018 budget, Kenya spent Sh2.6 trillion.
The government will be forced to borrow an additional Sh562.74 billion to the new budget due to deficit in revenue…
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The National Treasury has set aside Sh1 billion to cater for wages and other allowances for the 100 Cuban doctors who arrived in the country last week.
A breakdown of Treasury report tabled to the National Assembly’s Budget and Appropriations Committee shows the medical specialists will pocket a…
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The government says millions of Kenyans are consuming poisonous sugar which is being sold in outlets across the country disguised as local brands.
This comes after Deputy Head of Public Service Wanyama Musiambo, Inspector-General of Police Joseph Boinnet and Directorate of Criminal Investigations (…
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About 1.3 million Kenyans have filed their tax returns three weeks to the June 30th deadline, setting a new record.
Kenya Revenue Authority (KRA) said the compliance represented an improvement by 400,000 compared to tax returns filed between January and April in 2017.
The taxman said some 2.4…
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Citizens from the six East African countries are soon set to transact their businesses using a single currency as per the Monetary Union Protocol signed in 2013.
Kenya's East African Community Cabinet Secretary Peter Munya said the signing and the passing of the East African Monetary Institute in…
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Equity Group founder and Chairman Peter Munga is set to leave the bank after more than 30 years of service, the company has announced.
Equity said Munga, who has been its Founder Chairman since 1984, will proceed on retirement, with Ansell David Ansell taking over from him as Chairman designate.…
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Kenya Airways has launched three direct flights to Cape Town, South Africa every week.
The non-stop flights will leave Jomo Kenyatta International Airport (JKIA) in Nairobi to the South African city every Wednesday, Friday and Sunday at 3:30pm EAT.
Speaking on Wednesday, Kenya Airways Chief…
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Nairobi County Government finance department is on the spot after it was established that Sh297 million Bursary Fund was banked in the wrong account in Australia.
Questions have been raised on how and who wired the huge amount of cash to an account registered under Australia's Maryland University…
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As June 30th deadline to file returns with Kenya Revenue Authority (KRA) fast closes in, a section of rich Kenyans who have hidden assets overseas are rushing to return the assets to avoid paying taxes.
Tax consultants told Business Daily that the wealthy lot is repatriating the cash to avoid…
