Resource mismanagement hampers Kenya's development World Bank
The government has shown remarkable progress in allocating its financial resources. Government spending on infrastructure and human capital has had a positive impact on the transport, education and health sector. [...]
Achieving sustainable debt and driving the Big 4 agenda.
The Government of Kenya is committed to pursue fiscal consolidation, to provide efficient service delivery, to support the Big 4 agenda, and to contain public debt. However, there have been [...]EA Portland Cement to only hire on contract basis
East African Portland Cement (EAPC) has revealed that it will only hire on contract terms from now on. This follows massive layoffs last week that will see EAPC retain 600 [...]
CMA approves Kenya’s First Green Bond
Capital Markets Authority (CMA) has approved the issuance of Kenya’s first green bond. It follows the launch of the Policy Guidance Note on Green Bonds in February in 2019. The [...]Saccos embrace digital lending
Savings and Credit Cooperative Societies (Saccos) are leveraging on technology to catch up with market trends and safeguard their market-share. Technology is reshaping the financial industry forcing Saccos to match [...]How KRA plans to bridge the revenue shortfall.
The Kenya Revenue Authority has released its plan to curb the shortfall in revenue collected. The taxman has developed several revenue enhancement initiatives to improve tax revenues for the coming [...]SOMO to host a trade exhibition.
SOMO, a non-profit organisation which provides training, capital, mentorship, and market access to local entrepreneurs, will host its first trade exhibition on 17 August 2019. The exhibition will be at [...]A common currency for the East African Community takes shape
East African Community (EAC) member states could start using a common currency soon after the necessary legislation is assented to by the heads of states. The enactments will enable EAC [...]Petrol and Diesel prices to go down
Motorists will today get relief after the directive by the Energy and Petroleum Regulation Authority to lower fuel prices. Super Petrol prices will reduce by Kshs 2.86 per litre while [...]Cross-border trade can boost M-Pesa growth
Cross-border trade is emerging as an important driver to MPesa global expansion. Merchant payment and digitization of trade are opportunities that Safaricom aims to capture to grow Mpesa revenues. The [...]Flight charges to coastal towns increase
It is peak season for airlines in Kenya. Air tickets have shot up, particularly tickets to the coastal towns of Mombasa, Ukunda, and Malindi. The tourist season is here and [...]SWVL to Bring Dynamic Pricing In Future.
SWVL intends to introduce dynamic pricing in its Kenyan business. In future, the bus-hailing service plans to charge a different fares for its various drop off points. The dynamic pricing [...]
