Investors asked to put in Sh 2 Billion in setting up Commodities Exchange
The government of Kenya is in the process of establishing a national multiple commodities exchange. This is in line with the Capital Markets 10-year strategic plan which ranks the local [...]
Public service agency working on reducing pension claims backlog
Most public servants have a hard time accessing their pension payments after retirement due to inefficiencies in some government departments which results in pension claims backlog. As a result, the [...]KRA improves the issuance of Tax Compliance Certificates
The Kenya Revenue Authority has improved the process of acquiring tax compliance certificates for Kenyans. According to KRA, taxpayers will now have a better experience applying for the compliance documents. [...]Fanisi Capital Receives Sh108 Million from IFC
The International Finance Corporation has granted Fanisi Capital Sh108 million as part of a deal to offer technical advisory services to the private equity firm to invest in small and [...]
Coffee farmers to get 80% of gross earnings under proposed regulations
New proposed regulations awaiting review by MPs will see coffee farmers get 80% of the gross earnings while co-operative societies, marketers, and millers receive 20%. The regulations were formed out [...]Cabinet approves expressway project linking JKIA to Westlands
Kenya's cabinet has approved a plan to construct an expressway connecting Jomo Kenyatta International Airport and Westlands in Nairobi. The expressway is meant to cut down the heavy traffic experienced [...]Fintech innovations lead to better financial services in Kenya Moodys
The financial sector in Kenya has really grown thanks to innovative products such as M-pesa. Banks use the mobile based service by Safaricom to offer loans and savings to their [...]With delayed long rains, more taxes would burden Kenyans EABL
An increase of taxes in the next Budget would be a shock to businesses in Kenya and erode the gains made in increasing the ease of doing business, Kenya Breweries [...]
Money Laundering: A clear and present danger
Guest Post by @kevorango On the 4th of April, 2019 The Guardian newspaper reported that British bank, Standard Chartered, which also operates a local subsidiary, agreed to pay $1.1 Billion [...]Nakumatt employees yet to receive their pay one year after collapse
Employees of the collapsed retail chain Nakumatt have not received their pay one year after it closed down. The workers have 8-months’ worth of unpaid salaries. The family-owned retail store [...]Kenya Govt De La Rue Joint Venture kicks off
De La Rueplc has announced that it has signed an agreement with the Kenyan Government to begin its joint venture on its currency and printing site in Nairobi. Under the [...]Uchumi calls for a meeting with creditors and shareholders
Uchumi has invited its creditors and shareholders to a meeting at the Bomas of Kenya on 13th May 2019. In its first gathering with the creditors, the retailer aims to [...]
