Opinion; E-commerce to create 200,000 jobs
By Sam Chappatte E-commerce in Kenya has experienced rapid growth in recent years. This provides a unique growth opportunity for local businesses and in turn to create employment support [...]
Govt to Receive Early Share of Mining Petroleum Revenue Through Proposed Amortization of Extraction at 20% Per Year
The Draft Income Tax Bill has proposed a tax amortization of expenditure and development at the rate of 20 percent per annum from the year of production. According to a [...]
Kenya's Communications Authority Orders Suspension of All Unregistered SIM Cards
The Communications Authority of Kenya (CA) has ordered mobile phone operators to suspend all SIM cards in the country whose status is non-compliant with the requirements stipulated in the Kenya [...]Central Bank speaks on banks involved in the latest Sh 9 Billion NYS scandal
CBK Governor Patrick Njoroge has disapproved and criticized financial institutions linked in the loss of Ksh 9 billion in the latest National Youth Services graft scandal. He says the issue [...]Orlando Lyomu Appointed CEO of Media House Standard Group
The Standard Group Board of Directors has announced the appointment of Mr Orlando Lyomu as the Group Chief Executive Office. Mr Lyomu, formerly holding this position in an acting capacity [...]Safaricom in Trouble as New CA Report Proposes Sharing of Mobile Money Agents Network
A draft report by the Communications Authority of Kenya (CA) on increasing competition in the telecommunications sector proposes that Safaricom, the largest telco in Kenya, should provide its competitors with [...]Financial Markets Conduct Bill 2018 a threat to CBK Governor Njoroge
The Central Bank of Kenya has put forward concerns of the proposed Financial Markets Conduct Bill 2018 drafted by The National Treasury last week. The draft aims at creating an [...]New Sh13.2 Billion Power Substation Commissioned in Nairobi CBD
Charles Keter, the Energy Cabinet Secretary has launched the Gas Insulated Switchgear (GIS) substation located in the Central Business District (CBD) with the aim of enhancing the flexibility of the [...]Stanchart Bank Kenya Q1 Net Profit Declines 10.5% to Sh 1.6B
Standard Chartered Bank of Kenya has posted a 10.5% decline in Q1 net profit to Sh1.6 billion compared to Sh1.9 billion in the same quarter in 2017. The lender attributed [...]Central Bank Kenya Retains Key Rate at 9.50 pc
The Monetary Policy Committee of Kenya's Central Bank has retained the Benchmark CBR at 9.50 percent saying overall inflation is expected to remain within the Government target range. The MPC [...]Tanzania Orders BRT Buses From Kenyan Firm as Kenya Imports BRT Buses from South Africa
Nairobi-based Labh Singh Harnam Singh (LSHS) Limited, a bus body-builder firm, has received an order to build high-capacity buses for Tanzania’s Bus Rapid Transit (BRT) system. Interestingly, Cabinet Secretary Transport [...]Opinion; How the Central Bank Of Kenya Plans To Regulate Bitcoin Cryptocurrencies
Bitcoin and cryptocurrencies are a puzzle especially for regulators. Over the last 4 years our dear Central Bank Governor, Dr. Patrick Njoroge has consistently been opposed to the idea of [...]
