Hire Purchase: Pros and Cons
Hire purchase refers to an arrangement for buying expensive consumer goods, where the buyer makes an initial down payment and pays the balance plus interest in instalments. All money being [...]
UNCTAD Cautions Kenya Govt Against Introducing Taxes on Digital Economy
A report by the United Nations Conference on Trade and Development (UNCTAD) shows that Kenya, Egypt, Nigeria, and South Africa are the continent's leading digital economies. According to the report, [...]
M-Akiba 2 raises KSh263 million, misses the KSh500 million target
M-Akiba missed the Sh500m target despite gaining 51,461 new accounts. The National Treasury (TNT) reported that the M-Akiba Retail Infrastructure Bond issue “Re-Open 3 of August 2019” raised Sh263 million. [...]Coffee earnings decreased by 27% in the past 11 months
Coffee earnings are reported to have dropped by KSh3 billion in the 11 months to August 2019. This was according to the Nairobi Coffee Exchange market report. By the end [...]SMEs to benefit from European Commissions' funding and networks
The European Commission (EC) pledged its support to SMEs through networks and funding. The commission plans to boost European investments in Kenya as well as improve the business environment for [...]Treasury aims to reduce the budget deficit to 3.5% by 2023
The Government of Kenya is cutting its spending to bring down the budget gap. Treasury targets to reduce its budget deficit to 3.5% by 2023. The finance ministry plans to [...]US Trade Agency and Craftskills Kenya to develop wind power plant in Kajiado
Kenya Craftskills Energy Limited has been awarded a grant to develop a 50 megawatt wind power plant with an integrated battery storage capacity. The plant will be set up in [...]Farmers to expect lower payments as global forces cut tea prices
The Kenya Tea Development Agency (KTDA) is finalizing reviews on factory accounts, after which it will pay tea farmers. However, farmers should anticipate lower payments as global forces drive tea [...]Exclusive Interview: Philip Atkins, Vice President, Customers at Rolls-Royce
Rolls-Royce doubles down on African Aviation market amid strong growth A Rolls-Royce powered aircraft takes off and lands every 16 seconds across the globe. That is an astonishing fact warranted [...]Proceeds from Mint exports rise ahead of the peak season
Proceeds from mint exports to the Netherlands and the United Kingdom are set to rise as a result of the peak season which started in August and will continue until [...]Treasury approves KCB-NBK union
The acting CabinetSecretary National Treasury and Planning has released a statement supporting the KCB-NBK merger deal. In a press statement seen by Kenyan Wallstreet, Ambassador Ukur Yatani applauds the completion [...]Barclays Kenya Rebrand to Absa Gains Momentum
Barclays Kenya is on course to transition to Absa by June 2020. Absa is a leading well-capitalized African banking conglomerate with presence in 12 markets. The transition will help Barclays Kenya [...]
