High Operational Costs To Lock Out Informal Sector From Housing Fund PwC
High maintenance fees expected to be pegged on self-employed Kenyans will discourage them from participating in the government’s National Housing Development Fund initiative. NHDF, introduced by Uhuru Kenyatta’s government as [...]
KETRACO Seeks Approval To Electrify SGR
Kenya Electric Transmission Company has filed an environment assessment petition to National Environment Management Authority seeking an approval to set up transmission lines along the Standard Gauge Railway, a move [...]Kenyan Employers Should Receive Tax Incentives In The Proposed Housing Fund PwC
Contributions made on employees to the National Housing Development Fund levy should qualify as ‘staff costs’, which are allowable for corporation tax purposes, experts at PricewaterhouseCoopers have suggested. This is [...]TATU City Records 77% Sales of Kijani Ridge
The Tatu City mega project, Kijani Ridge, has recorded 77 per cent sales of Kijani ridge with 375 out of 475 of the residential area sold. Beatrice Njeri, head of [...]Cellulant Partners with Stanbic Bank to Offer Musicians Loan
Cellulant has announced a partnership with Stanbic Bank that will see artists in their portfolio access bank loans from their Skiza ringtone royalties. Under the agreement, artists will be able [...]Kenya's BitPesa Partners with Japan's Insurance Company, Sompo Holdings
BitPesa has partnered with Sompo Holdings, a leading Japanese insurer, to enable cross-border payments across its platform. This comes at a time when Sompo has acquired a 10 percent stake in [...]Odundo's Remarks Yet Clear Sign That Tuskys About To List At NSE
Nairobi Securities Exchange chief executive Geoffrey Odundo has sent the clearest signal yet, that leading retailer Tusker Mattresses may be considering a special listing at the bourse soon. Speaking at [...]Branch Seeks KES 500M To Become A Fully Fledged Bank
Branch International Kenya is seeking to raise Ksh500 million through a six-month commercial paper as it accelerates its move to start offering virtual banking services through its online platform. The [...]Beaten with a Metal Rod – Kenya Power FY 2017/18 Results
While revenue was not restated for the financial year ended 30th June 2017, total power purchase costs were restated upwards marginally by 1.9%. This is normally attributable to forex fluctuations, [...]
Kenyans Average Earnings Dropped In 2017 Due To High Inflation
The real average salary for a Kenyan dropped by 2.8 per cent to Ksh30,750.35 monthly in 2017 compared to Ksh31,664.075 recorded during the previous period, according to a recent report [...]Nopia Ride Electric Cab Commences Operations In Nairobi
Juha Suojanen is the CEO and founder of Ekorent which initially started as an electric car rental app in Helsinki. He’s in Nairobi promoting the firm’s new ride sharing company, Nopia [...]Six Kenyan Startups In The Frontline To Win Ksh7.1M Innovation Prize
Six Kenyan startups have been shortlisted for the 2019 Africa Prize for Engineering Innovation, which offers total prize funding of Ksh7.1 Million to the most promising entrepreneurial engineers. Energy company [...]
