Parliamentary Committee Amends Finance Bill amid Protests in Nairobi
Parliament's committee on finance has proposed some amendments in the Finance Bill 2024 following uproar from the public and industries over the implications of the Bill. Small and Medium Enterprises [...]
Transport CS Proposes Raising Fuel Levy by 7 Shillings
Fuel prices are likely to rise if parliament approves a proposal by the government to raise the fuel levy from KSh. 18 to KSh. 25, in the first proposed review [...]The Kenya Shilling Likely to Remain Stable Analyst
From late last year, spilling over to 2024, investors exhibited jittery concerns regarding Kenya’s debt sustainability. This was however cooled down by the government’s candid move to go for a [...]Uber, Bolt Oppose New Taxes, Deny Plans to Leave Kenyan Market
Ride hailing platform Uber has denied that it has any plans to leave the Kenyan market, a day after its representatives and Bolt's told a parliamentary committee that new taxes [...]Global Oil Prices Fall After OPEC+ Extends Supply Cuts
Global oil prices fell below the USD 80/barrel mark just a day after the Organization of Petroleum Exporting Countries (OPEC+)meeting where oil-producing countries agreed to extend output cuts into 2025. [...]Safaricom’s Spark Accelerator Unveils 9 Startups in First Cohort
Leading telco Safaricom has unveiled the first cohort of nine startups in its restructured Spark Accelerator Program. The program, implemented by iHub, aims at growing and scaling commercially viable businesses. [...]Standard Chartered Kenya Q1 Profit up 39.5% to KSh 5.62bn
Standard Chartered Bank Kenya recorded a 39.5% increase in profit to KSh 5.62bn for the first quarter of 2024, up from KSh 4.03 bn in the same period in 2023. [...]Equity Group Hosts Capitol Hill Roundtable to Boost Kenya-US Private Sector Partnerships
On the sidelines of the historic U.S.-Kenya State Visit, Equity Group hosted a roundtable discussion in the U.S. Senate. This event brought together high-ranking congressional leaders, government officials, and leaders [...]
More Industries Protest Finance Bill 2024
As the May 28th deadline for public participation for theFinance Bill 2024nears, more industry players have opposed proposed tax measures, arguing that it will increase the cost of goods and [...]Equity Group Posts Strong Q1 Growth, 25% YoY Growth
Equity Group has reported a 25% increase in after tax profits to KSh 16 Billion for the first quarter of the year on the back of a a 21% growth [...]Standard Chartered and Visa Link APIs for Seamless Transactions
Visa will directly process transactions and payments made by Standard Chartered customers eliminating inconvenient and costly intermediaries after the two financial entities agreed to partner. We are delighted [...]Kenya’s Tourism Recovers, Expected to Hit Pre-COVID Levels in 2024
Kenya recorded 1.96 million tourist arrivals in 2023 compared to 1.48 million visitors in 2022, an increase of 31.5% according to figures contained in Kenya Tourism Research Institute’s 6th Annual [...]
