Kenya Positioning Itself as a Superfoods Producer
Kenya has plans to use co-operative societies to position itself as a leading superfoods producer and exporter.
3 min read
Economy
Latest economy stories from across Kenya.
IMF Economist Reveals Cause of Kenya’s Heavy Tax Burden
Mr Peter Doyle, a former senior economist at the International Monetary Fund (IMF) has said Kenyans are facing a heavy tax burden due to unrealistic revenue targets imposed by the IMF in exchange for loans to the country.
1 min read
Kenya’s Nuclear Power Ambitions Taking Shape
The initial phase of this ambitious Kenya nuclear power project is estimated to require a substantial investment of at least Ksh11 billion.
2 min read
New Ketraco Power Station Goes Live
Kenya Electricity Transmission Company (KETRACO) has energized the 220/66kV Kimuka Substation transmission line.
2 min read
CBIT to Spearhead PR for Africa Leather Showcase
The African leather showcase is spearheaded by the Leather & Hide Council of America, Africa Leather and Leather Products Institute, and coordinated in Africa by the Center for Business Innovation and Training.
3 min read
New Recruits Eager to Deliver Collect Sh180 Million for KRA
KRA Commissioner General, Mr Humphrey Wattanga, highlighted the impact of the Revenue Service Assistants, stating that they have contributed to an extra Ksh180.594 million in revenue collected in the field over the last six months.
2 min read
New Financing Deal to Help Schools Acquire vehicles
Isuzu East Africa and the Cooperative Bank have announced an asset finance scheme designed for schools and businesses that desire easier financing terms.
2 min read
Eight Universities Set to Reap Millions From World Bank Project
Formalisation of Kenya’s innovation and entrepreneurship ecosystem has commenced with eight universities selected to train intermediary organisations among them incubators, accelerators, and rapid technology skills providers.
2 min read
Kisumu Polytechnic to Own Sh1.2B Textile Factory
Kisumu National Polytechnic Chief Principal Catherine Kelonye says construction of the textile factory work has reached 85%, and the contractor is expected to hand over the facility by the end of this financial year.
2 min read
Plans For Kakamega Gold Refinery Gain Momentum
Kenya’s economy is set for a shakeup after the government revealed plans to establish the Kakamega Gold refinery.
2 min read
Simplified eTIMS Solutions for Informal Sector and Small Businesses
Kenya Revenue Authority (KRA) would has reiterated that businesspeople including those in the informal sector and small businesses are required to electronically generate and transmit invoices via the electronic Tax Invoice Management…
1 min read
Kenya’s Minimum Wage is the Highest in East Africa
Kenya is putting many thousands of shillings in the pockets of those at the bottom end of the pay scale than any of her counterparts, Uganda and Tanzania, in East Africa – it has the highest minimum wage.
3 min read
Why Kenya Shilling is Strengthening Against US Dollar
The recent trend of the Kenyan shilling strengthening against the US dollar has drawn attention and sparked discussions among economists, policymakers and market participants.
3 min read
Energy Efficiency: First Of Its Kind Fuel And Power Initiative In Kenya
By Dr Eng Fenwicks Musonye From the 21st to 23rd of May this year (2024), Kenya will host the International Energy Agency’s World Energy Efficiency Conference. This will be the first time Africa will be hosting the event and it is…
4 min read
Bank and Five Hotels Lined Up for Sale
The Kenya Cabinet has sanctioned privatisation of six State owned businesses in an ongoing sell-off programme that kicked off last year to reduce the government role in business.
2 min read
Shortage of Cash Causing Stress and Anxiety Among Kenyans
Majority of Kenyans are broke and struggling to survive as the harsh economic times continue to hit many households, the latest research by Infotrak Research and Consulting says.
2 min read
Kenya’s High Debt to Slow Down Long Term Development
According to the Institute of Public Finance (IPF) in its latest Macro Fiscal Analytical Snapshot Report, Kenya’s economy finds itself in a tight spot following years of successive borrowing.
3 min read
Safaricom to Collect and Manage Revenue for Kisumu County
The innovative platform will support various revenue services in Kisumu County, including parking, cess, markets, advertising, property rates and approvals, among other services to reduce queues and wait times.
2 min read
Best Loan Apps in Kenya (2024)
If you find yourself tight on cash before your subsequent earnings and need to deal with an emergency, it might be worth researching the best loan applications in Kenya. Many Kenyans are financially unprepared to cover unforeseen expenses:…
7 min read
KRA Kept Taxpayers on Toes During Christmas, Ruining Festive Mood
In both its Christmas and New Year messaging, KRA has been reminding taxpayers of their obligation of remitting taxes and filing returns.
3 min read