KRA Bets on New System to Curb Tax Leakages
The Kenya Revenue Authority (KRA) is spearheading an electronic payment system housing KRA’s itax, National Social Security Funds (NSSF) online systems, and National Hospital Insurance Fund (NHIF) payments. According to [...]
Visa Appoints New General Manager for East Africa
Visa Inc. has appointed Ms.Corine Mbiaketcha,former Managing Director for Technology at Oracle, as the General Manager for East Africa with effect from 5th November 2019. Ms. Mbiaketcha will be in [...]
Finlay Kenya Shuts Down Two Flower Farms Over Decreasing Demand
James Finlay Limited Kenya has announced the decision to shut down two Kericho farms due to decreasing flower demand. A letter from the General Manager states that the firm will [...]JKIA-Westlands Expressway: The First Step Towards Solving Nairobi's Traffic Menace?
President Uhuru Kenyatta recently launched the construction of the JKIA-Westlands Expressway after almost a decade of delays. The freeway will connect the Northern and the Southern district through an 18-kilometre [...]Toyota Set to Begin Assembly of Hilux Pickups in Kenya
Toyota Kenya is set to begin assembling its Hilux pickups in Kenya, a move likely necessitated by the government's directive that gives preferential treatment in the procurement of motor vehicles [...]American Chamber of Commerce to Hold Business Summit in Kenya
The American Chamber of Commerce will hold a summit named AmCham Business Summit in Nairobi on the 4th and 5th of November. The summit aims to create a platform for [...]European Lenders to Give KSh 23B for Kenya's BRT System
European lenders have pledged to provide up to KSh 23 billion to support Kenya's Bus Rapid Transit (BRT) system. The European Investment Bank, the EU, and the French Development Agency [...]To Improve SMEs' Competitiveness, Sector-Specific Policies are Key
In Kenya, Micro, Small, and Medium Enterprises (MSMEs) employ more than 80 percent of the working population and contribute about 33.8 percent of the national output. Making MSMEs more competitive [...]ICJ Reschedules Kenya-Somalia Border Case Hearing to June 2020
The International Court of Justice has moved the maritime case between Kenya and Somalia to June 2020. The delay is after Kenya earlier sought more time to arrange a legal [...]Proposal to Scrap Rate Cap Law Excites Kenya's Stock Market
Market activity at the Nairobi Securities Exchange Plc (NSE) soared to a three month high Thursday on the back of increased trading volumes and renewed investor appetite. This is after [...]
Economists Push for Privatization of State Corporations
The privatization of government corporations is vital to the achievement of the big four agenda, as well as growing the private sector. According to Nairobi based Economics think-tank Kenya Business [...]Equity Bank in Talks to Enter Zimbabwe
According to several Zimbabwe media outlets, Equity Group Holdings (EGH) intends to resume talks to acquire Zimbabwean lender BancABC (Zimbabwe) a wholly-owned subsidiary of Atlas Mara. As of 2017, BancABC [...]
