Former Central Bank Governor Njuguna Ndung'u Nominated Minister for Treasury
Kenya's President William Ruto on Tuesday 27th December 2022 nominated former Central Bank of Kenya (CBK) Governor Njuguna Ndung'u as the new Cabinet Secretary for the National Treasury and Planning. [...]
Jamii Telecom (JTL) Raises its Fixed Internet Market Share to 21.9%
Jamii Telecommunication Limited (JTL), a privately owned Kenyan telecommunication service which sells fixed internet through the Faiba brand, has raised its share of the market by 3.1 percentage points to [...]
Guinness Nigeria Appoints John Musunga as Managing Director and CEO
Guinness Nigeria, a subsidiary of Diageo, has appointed John Musunga as Managing director and Chief executive officer effective 1st November 2022. Currently, John Musunga serves as the managing director at [...]Steel Prices Drop 25% following a Drop in Global Prices
The price of steel and steel-based items used in the construction industry has declined 25% in the last nine months following a fall in global prices of the metal due [...]Shilling Tumbles to Record Low Against the Greenback ahead of the MPC Meeting
The shilling on Monday plunged to an all-time low against the dollar, signalling inflation and higher cost of imported goods. CBKdata shows theshillingexchanged at an average of Kes 120.5971 against [...]Governor Sakaja Waives Permit Fees for Photographers Filmmakers within Nairobi County
Freelance photographers and filmmakers operating within Nairobi County will now be exempt from paying for business permits in news, which will be welcomed by the creative industry. Nairobi County Executive [...]
China's Restrictions on Avocados Slash Kenya's Horticulture Exports by 10%
Limited access to the Chinese market by avocado farmers due to stringent entry conditions has slashed Kenya's horticulture exports by 10.7% in the year to July 2022. Central Bank of [...]Kenya Bankers Association Calls on CBK to Maintain Interest Rates ahead of MPC Meeting
The Kenya Bankers Association (KBA) is asking for a hold in interest rates ahead of Thursday, 29th September's Central Bank of Kenya Monetary Policy Committee meeting. KBA cites the following [...]Liz Aluvanze Appointed CEO of Kenya Association of Air Operators
Kenya Association of Air Operators (KAAO) has appointed Engineer Liz Aluvanze as the CEO following the retirement of Col. (Rtd) E. K. Waithaka who held the position for 25 years. [...]Treasury Slashes Corporate Debt Fees 10 times in Bid to Spur Deals
The Treasury has slashed the total fees payable by an investor for corporate debt in the secondary market by times 10 as part of a strategy to spur activity in [...]Nairobi-Based IT Firm Helps Firms migrate and operate in the Cloud
The use of cloud technology is on the rise, as businesses are becoming increasingly aware of the multiple benefits cloud computing can have in terms of efficiency and profitability. Rather [...]KRA Extends Deadline to Comply with the Tax Invoice Management System to 30th November
The Kenya Revenue Authority (KRA) has extended the deadline for transitioning to the Tax Invoice Management System (TIMS) to 30th November 2022. Having noted that a number of taxpayers are still [...]
