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. [...]
Employers to Deduct Housing Levy from March 19
The Kenya Revenue Authority (KRA) has issued a directive to employers to deduct the Affordable Housing Levy (AHL) from employee’s salary effective 19 March, this year, following the signing into [...]How NuPEA Plans to Spend KSh 36.233 Billion on Kenya's Nuclear Power Project
Kenya needs a whooping Sh36.233 billion in the next four years to scale up the development of nuclear energy, Nuclear Power and Energy Agency (NuPEA) says recurrent expenditure will gobble [...]Government, Airbnb Differ on CCTV Use in Common Areas
The government and global short-term rental listing company Airbnb are reading from different scripts on the use of security cameras in the accommodation facilities. Following the increase in crimes, including [...]Government in KSh 287.4B Deficit to Implement 2023-2027 Digital Plan
The government will need KSh456 billion to implement its ambitious 2023-2027 Ministry of Information, Communications and the Digital Economy strategic plan, against an available KSh168.3 billion. Among other things, the [...]Kigali Gears Up for Africa CEO Forum 2024
The 2024 Africa CEO Forum, scheduled for May 16th and 17th in Kigali, Rwanda, will gather over 2,000 CEOs, investors, and public sector leaders from across Africa and beyond. “We [...]Govt Agency Proposes One Stop One Go Centre for Investors
A new bill that proposes to establish Kenya Investment Corporation and operationalize a centralized facility for purposes of providing government services and regulatory requirements for investors is currently undergoing public [...]Kenya's Financial Systems Grey Listed by International Crime Watchdog
Kenya’s system in dealing with money laundering, countering the financing of terrorism, and weapons of mass destruction has been put in question by an international crime watchdog. “At this Plenary, [...]Government Spent KSh 1.64 Trillion between June-Dec 2023
The government spent Kshs 1.64 trillion in the first half of the current financial year, according to a review of the budget by the office of the Controller of Budget. [...]
Debt, Fund Release Delay Hit Implementation of 2023/4 Budget
The Controller of Budget has raised red flags over three areas likely to slow down the implementation of 2023/4 budget. In the first six months of the financial year 2023/4, [...]
