Draft Affordable Housing Regulations Published
Draft Affordable Housing Regulations 2024 have been published by the Ministry of Lands, Public Works, Housing and Urban Development which has also put out a notice seeking written comments and [...]
Kenya Targets Ease of Doing Business with ‘Karibu Business Centers’
Kenya has launched four Karibu Business Centers across the country offering seamless interaction with government agencies on matters of investments, industry and trade, ensuring timely resolution of queries and concerns. [...]
US Firms Raise Integrity Issues with Kenya’s IFMIS System
United States companies are having integrity issues with the Kenyan Government’s electronic procurement system, the Integrated Financial Management Information System (IFMIS). Besides singling out security gaps that render the system [...]Zimbabwe Stock Exchange Begins Trading in New Gold-Backed Currency
The Zimbabwe Stock Exchange (ZSE) has begun trading in the country's new gold-backed currency, after the country's central bank demonetised the Zimbabwean dollar in a raft of monetary policy measures [...]
National Treasury to Address Low Retirement Benefits Coverage
The National Treasury and Economic Planning has invited the public and stakeholders to familiarize themselves with the National Retirement Benefits Policy, a document that aims to bring mostly those in [...]Tanzania Hikes Interest Rate to 6 Percent
The Bank of Tanzania (BoT) has raised its central bank rate (CBR) from 5.5 percent to 6 percent, a move its central bank said is aimed at containing the lingering [...]CBK Retains Benchmark Lending Rate at 13%
The Central Bank of Kenya (CBK) has spared Kenyans from expensive loans following retention of its benchmark lending at 13 per cent, citing positive progress in cost of living and [...]Manufacturers Identify Priority Areas to Boost Sector's Contribution to GDP
Manufacturers have identified eleven key areas crucial for the sector to improve its contribution to Kenya’s GDP to 20 per cent by 2030. “We appeal the government to work closely [...]Business Registration Tops Areas of High Bribery Cases in 2023-Survey
The cost of registering a business in Kenya could be higher than the face value following the high prevalence rate of bribery in the sector, according to the National Ethics [...]Bank of Uganda Downgrades 3 Tier 1 Banks to Credit Institutions
Three commercial banks in Uganda will transition from Tier I commercial banks to Tier II credit institutions , the Bank of Uganda said in a statement on Wednesday. “The three [...]What Awaits Night Clubs, Bars in New Nairobi County Licensing Rules
The Nairobi County Government has issued new rules to guide licensing of bars and night clubs as war against illicit liquor and weeding out such businesses in residential areas gathers [...]What 75-Floor Buildings Will Mean for Nairobi
Nairobi’s future is vertical and compact, the capital’s Governor Johnson Sakaja said on Sunday while outlining recent changes to allow densification in previously low-density areas. “Nairobi is 696 square kilometers. [...]
