Category: Economy&Finance
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CHECK OUT: You’re One Course Away from Transforming Your Life. Learn Copywriting and Turn Your Passion into Profit .ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers deep insights into Kenyan and global economic trends. The National Assembly has approved Sessional Paper No. 2 of 2025,…
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A quarrying license in Kenya is a mandatory legal authorization that allows individuals or companies to extract construction materials such as stone, sand, and murram under regulated conditions. PHOTO/MRB A quarrying license in Kenya is a mandatory legal authorization that allows individuals or companies to extract construction materials such as stone, sand, and murram under…
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KRA Commissioner General, Humphrey Wattanga, during the International Customs Day 2025 celebrations held on January 24, 2025. PHOTO/KRA. Kenya Revenue Authority (KRA) has informed employers, employees, and the general public that the Finance Act, 2025 amended the Income Tax Act, Cap 470 (“the Act”) to mandate employers to apply all relevant tax deductions, reliefs, and…
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A photo of Esther Muchemi, Founder of Samchi Telecom PHOTO/Esther Muchemi Facebook Esther Muchemi is a trailblazing accountant, entrepreneur, and corporate executive in Kenya, serving as the CEO of the Samchi Group of Companies. Her diversified portfolio spans telecommunications, microfinance, hospitality, real estate, restaurants, and ICT, reflecting a business portfolio that has made a lasting…
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A photo of President William Ruto. PHOTO/Ruto Kenya has launched a tender offer to repurchase its entire USD 1 billion (Ksh 129,240,000,000) 7.25% Eurobond due 2028, in a move aimed at easing pressure on its external debt profile. In a press release published on Wednesday, October 2, the government stated that it is offering…
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An illustration of mobile money transfer Kenyans could soon pay less for mobile money transactions after the government proposed to cap mobile money transaction fees in the draft National Financial Inclusion Strategy (NFIS) 2025–2028. The draft strategy, launched jointly by the Central Bank of Kenya (CBK) and the National Treasury, identifies high transaction costs as…
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President William Ruto President William Ruto will take over the chairmanship of the Common Market for Eastern and Southern Africa (COMESA) when Kenya hosts the 24th Heads of State and Government Summit in Nairobi from October 7 to 9. Trade and Industry Cabinet Secretary Lee Kinyanjui confirmed the handover, saying it marks a significant moment…
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Nairobi city Nairobi has tightened its grip as Kenya’s economic engine, contributing an average 27.5% of the country’s Gross Value Added (GVA) over the last five years, according to the Kenya National Bureau of Statistics (KNBS) Gross County Product 2024 report. The capital’s economic size reached Sh 3.81 trillion in 2023, up from Sh 2.60…
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Wholesale banana traders in Mwingi, Kitui County, have raised concerns over mounting losses, blaming the municipal leadership for what they describe as deplorable working conditions. The traders, who were recently evicted from the designated wholesale market, say they have been forced to sell their bananas in open spaces and private plots. Exposed to the scorching…
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Chaos, loss, and anger gripped Kisumu on Thursday, October 2 evening after part of the Kibuye Market caved in during a heavy downpour, leaving traders nursing injuries and counting losses of unknown value. The disaster has reignited questions about accountability in public projects, as the facility — built in phases at a cost of KSh500…