Treasury Restores Judiciary's 2019/2020 Budget
Treasury has restored the Judiciary budget for the year 2019/2020 after the Law Society of Kenya won a case in High court. A letter from the Chief Registrar of the [...]
Uhuru Proposes Payment of Taxes For Disputed Tax Matters Still in Court
The Government of Kenya is drafting a bill to demand mandatory payment of taxes for tax disputes still in court. The move will enable the treasury to collect more revenue [...]Eaagads Appoints New Director
EAAGADS Limited has appointed Mr. Artem Gurevich as a director of the company. His appointment took effect on 5th November 2019. Mr. Gurevich is highly skilled in operational experience in [...]KRA Warns Landlords Against Tax Evasion
Kenya Revenue Authority has announced that they will start tracing landlords who are not fully transparent with information regarding the income that they receive from their rental properties. According to [...]Banks calm jitters over removal of rate caps
The banking sector has come out to calm nerves in the financial markets over fears of possible skyrocketing in the price of money. This follows a move by members of [...]
Kenyan Banks Ease Credit Access to SMEs
A consortium of banks including KCB Group, Diamond Trust Bank, NCBA, Cooperative Bank, and Equity Group have pledged KSh 10 billion to fund SMEs. The banks are using Stawi [...]
The First Phase of Affordable Houses to be Completed by December
Boma Yangu has announced that the first phase of Kenya's affordable housing project will be completed by December 2019. The project comprises of 228 houses. Charles Hinga, the principal secretary [...]Egyptian lender CIB to Make an Acquisition in Kenya
The Commercial International Bank (CIB), an Egyptian private sector lender has announced its working on acquiring a bank in Kenya. The bank's board revealed this after they reported a 23% [...]CBK Seeks KSh 50 Billion for Budgetary Support
The Central Bank of Kenya (CBK), the fiscal agent for the Government of Kenya, is seeking KSh 50 billion from investors through a ten-year bond. The purpose of this 10-year [...]Kenya's First Sportswear Company Enda Secures Seed Funding
Enda, Kenya's first high-performance shoemaker, announced its seed funding on Monday. The start-up secured an undisclosed amount from Umoja Rubber Products and Mizizi Capital to accelerate its international growth. A [...]Equity Turnover Dropped to KSh 30.7 Billion in Third Quarter
Equity turnover for the three months from June to September dropped to KSh. 30.66 Billion compared to second-quarter turnover which stood at Sh 32.90 Billion; indicating a 6.8% decrease. According [...]Mumias Sends all Employees Packing
Mumias Sugar Company sacked all employees upon being placed under receivership. In a notice sent on 5th November 2019, Mumias Receiver manager declared all employment contracts redundant from the date [...]
