Emirates Opens First Retail Store in Nairobi
International airline company, Emirates, will offer its Kenyan customers travel advice, consultancy, self-service smart technologies, and immersive displays of their products on their first retail store in the country. In [...]
Gov't to Provide Civil Servants Medical Insurance Separate from SHIF
The Treasury has introduced a draft bill that will create a new comprehensive health insurance cover for civil servants and disciplined forces separate from the Social Health Insurance Fund (SHIF) [...]Parliament to Raise Bar for Foreign Firms Doing Business in Kenya
Parliament is seeking to raise bar for foreign firms seeking to conduct business in Kenya with a raft of proposals to amend the Public Procurement and Asset Disposal Act. “A [...]Kenya’s Forex Reserves Surge to 3-Year High amid Shilling’s Stability
Kenya’s forex reserves have grown by US$1.97 billion in the last ten weeks with the Central Bank of Kenya (CBK) buying excess dollars amid increased supply of the greenback. We [...]Regulator Directs Kenyan Telcos to Block Telegram Again
The Communications Authority of Kenya (CA) has directed telecommunications companies to use all available mechanisms to suspend the operation of Telegram in Kenya to curb exam cheating. In a letter [...]
Williamson, Kapchorua Profits Drop Significantly in Half Year Results
Williamson Tea and Kapchorua Tea have both seen significant reductions in profit after tax for the half year ended September 2024 with Williamson sliding to loss-making territory. The two companies, [...]KRA Surpasses October Targets on Betting Services, as PAYE Dwindles
The Kenya Revenue Authority (KRA) surpassed targets in betting tax and excise tax on betting services collections by KShs. 16 million and KShs.50 million respectively in October. The average cash [...]Taxman Eyes KSh 60bn from Crypto Dealers
The Kenya Revenue Authority (KRA) announced during the Taxpayers' Day Celebrations that it collected KSh 10 billion from crypto dealers in the financial year ended June 2024. We have agreed [...]Kenyan MSMEs Ship First Exports Under AfCFTA to Zambia, DRC, South Sudan
Kenyan Micro, Small and Medium Enterprises (MSMEs) have shipped the first exports of assorted products to South Sudan, Zambia and DRC under the African Continental Free Trade Area (AfCFTA) Framework [...]Safaricom’s Pochi la Biashara's Usage Doubles Amid Reversal Fears
The number of Pochi la Biashara tills more than doubled in the 6 months to September, to 869,020 from 405,200 as of September last year. The ‘no reversals without consent’ [...]Safaricom's Profits Dip By 18% on Ethiopia’s Currency Depreciation
Safaricom Plc's half year profits declined 17.7% to KSh 28.1 billion from KSh 34.1 billion on account of the 106% depreciation of the Ethiopian Birr. “Despite the impact of foreign [...]Safaricom to Provide Free Mobile Data for Uber Users
Ride-hailing platform, Uber, will subsidise data costs for its customers and riders after Safaricom zero-rated the app, following a partnership between the two companies. “As a global company that operates [...]
