KQ Increases Its Weekly Flights On the Nairobi-London Route
Kenya Airways(KQ), the country’s national carrier has announced the introduction of two daily flights from Nairobi to London, effective 29th October 2023. KQ customers can now choose between a morning [...]
AGF Tripples Guarantee Fund to Sidian Bank From Sh500M to Sh1.5B
The Africa Guarantee Fund (AGF) has tripled guarantee facility to Sidian Bank from Sh500 million to Sh1.5 billion to allow Small and Medium Enterprises (SMEs) easily access loans. Sidian Bank [...]
CBK Urged to Further Hike the Benchmark Rate at October Meet
The Central Bank of Kenya (CBK) has been urged to maintain its foot on the gas pedal and further tighten its monetary policy stance at the next top decision-making meeting [...]Old Mutual Group Records KSh 200 M in HY 2023 Pre-tax Profit
Old Mutual Group East Africa Holdings Limited has recorded a KSh 200 million pre-tax profit for the half-year period ended June 2023. These results were primarily driven by a profitable [...]Farmers More Worried About Impact of Climate change on Their Farm: Survey
71 per cent of farmers say that climate change already has a large impact on their farm, and even more are worried about the impact this will have in the [...]Sendy Group Put Under Administration
Peter Kahi of PKF has been appointed as an administrator of Sendy Group of Companies. Following the appointment, all the affairs, businesses and properties of the companies are being managed [...]Three Entities Fined over Sh9 Million for Data Breach
The data protection office has issued penalty notices to three entities for failing to observe data privacy rights, breaching the data protection act. Digital Credit provider Mulla Pride, Cesa Vera [...]Counties Own Source Revenue Rise 5.3 per cent to Sh37.81B From Sh35.91B in 2022/23
Kenya’s county governments generated Sh37.81 billion from their Own Sources of Revenue (OSR) in the Financial Year 2022/23, a 65.9 per cent of the annual target of Sh57.37 billion. According [...]NCBA Intends to Acquire Insurance Firm AIG Kenya
NCBA Group has announced its intention to acquire 100 per cent of AIG Kenya Insurance Company Limited (“AIG Kenya”). NCBA which was formed out of a merger between NIC Group [...]Smartphone Penetration in Kenya Rises 61 per cent to 30.8Million
More Kenyans are opting for smartphones compared to feature phones despite the price of the gadgets. According to Communications Authority of Kenya, penetration in smartphones increased from 54 per cent [...]Employers Oppose Bill Seeking to Block Contact With Employees After Work Hours
The Federation of Kenya Employers (FKE) has opposed the proposed Employment (Amendment) Bill, 2022. The bill seeks to amend the employment act, 2007 providing for the right to disconnect to [...]KRA Deploys Team to Monitor Tax Compliance, Expand Tax Base
The Kenya Revenue Authority (KRA) has dispatched a team to physically visit taxpayers premises within the country. The team also known as Revenue Service Assistants (RSAs) will collect data, facilitate [...]
