GoK Loses KES 9.75 Billion in Potential Tax Annually due to Counterfeits
Combating the proliferation of counterfeits goods will expand Kenya’s annual worth of manufacturing valued added products from KES 650 billion to over KES 1 trillion. According to Anti Counterfeit Authority [...]
President William Ruto Launches The Mavoko Affordable Housing Project in Machakos County
President William Ruto on Wednesday launched 5300 housing units in Syokimau as part of the Kenya Kwanza commitment to achieve an affordable housing plan. Speaking during the groundbreaking of the [...]
Inaugural Mombasa Dubai Return Flight to Cost KES35,573 Only
Kenya Airways has announced an introductory KES 37,573(USD306) fare promotion for a return ticket on its inaugural Mombasa – Dubai flight set for 15th December 2022. KQ, which will operate [...]Kenya in Talks with US, South Korea UAE For Duty-Free Trade Deal
The government is in negotiations with the US, South Korea and the United Arab Emirates on the Free Trade Area as Kenya seeks to expand access to its products beyond [...]Kenya's Economic Growth will Slow to 5% in 2023 World Bank
Kenya’s economic growth will slow down to 5% next year from an estimated 5.5% this year, the World Bank said on Thursday, as the rebound from the impact of the [...]Etisalat Looks into Investing in Vodacom's Africa Business
Emirates Telecommunications Group Co. is exploring a potential investment in Vodafone Plc’s African business, Vodacom Group Ltd, as it seeks to boost its international footprint, people familiar with the matter said. The [...]Kenya in Talks with World Bank for New $750 Million Loan Facility
Kenya is in talks with the World Bank for a $750 million budget support loan, the National Treasury CS, Njuguna Ndung’u, said on Tuesday, to help cover its funding needs [...]KQ Resumes Codeshare Agreement with Royal Air Maroc
Kenya Airways (KQ) and Royal Air Maroc (RAM) have resumed a codeshare agreement to see passengers travelling from Marrakech and Casablanca to Nairobi using KQ. Travellers will also be able [...]Private Sector Rebounds in November as Sales Grow- PMI
Kenyan businesses saw a renewed expansion in activity in November as sales strengthened for the third month in a row, the latest PMI survey data shows. The private sector mainly [...]CBK Reintroduces Charges for Mobile Money Wallet and Bank Account Transactions
Central Bank of Kenya (CBK) has announced the reintroduction of charges on transactions between mobile money and bank accounts. CBK said the new charges will be significantly lower than what [...]Former Jumia Executives Unveil Kapu a Rival E-commerce Platform
Former Jumia Kenya figureheads have formally launched a new e-commerce platform dubbed, Kapu that will help consumers cut spending on their everyday groceries. Kapu’s model is designed to allow customers [...]Jitters as only 5.1 % of Kenyans Repay Hustler Fund Loans as Deadline Looms
Kenyans have repaid only 5.1 per cent of the loans they took from the Hustler Fund, threatening the sustainability of the kitty launched last week to give low-cost loans to [...]
