Category: Economy&Finance
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Vero officials launch the new Nairobi Hub. PHOTO/Verto Verto, a leading global financial technology company revolutionising cross-border payments and foreign exchange for businesses, has announced the opening of a new strategic hub in Nairobi, Kenya. This move signals Verto’s deepening investment in the East African region and its ongoing mission to simplify global trade for…
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KRA Commissioner General Humphrey Wattanga speaking at a past event. PHOTO/KRA X The Kenya Revenue Authority (KRA) has unveiled the Electronic Rental Income Tax System (eRITS), a new platform designed to facilitate easier compliance with rental income tax obligations for landlords and property owners. The system will enable taxpayers to file returns, pay Monthly Rental…
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Billionaire businessman David Langat (Right) heartily laughing with president William Ruto. (Left). PHOTO/PCS David Langat is a 59-year-old billionaire and one of Kenya’s wealthiest men. He is known for his business empire across agriculture, real estate, energy, manufacturing, and hospitality. According to the Billionaires Africa March 2025 report, he is worth Ksh5 billion ($35 million).…
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Sifa Towers is located in Kilimani, Nairobi, at the junction of Lenana Road and Ring Road. PHOTO/ Kings Developers. Sifa Tower is a commercial building located along Lenana Road in Hurlingham. It has 11 floors + ground with 58 offices and 106 parking spaces. Few office spaces are now remaining. Kings Developers Ltd is the…
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Vero officials launch the new Nairobi Hub. PHOTO/Verto Verto, a leading global financial technology company revolutionising cross-border payments and foreign exchange for businesses, has announced the opening of a new strategic hub in Nairobi, Kenya. This move signals Verto’s deepening investment in the East African region and its ongoing mission to simplify global trade for…
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The Technical University of Kenya building in Nairobi CBD. PHOTO/TUK. The Senate Committee on Labour and Social Welfare, on Thursday, September 25, put the management of the Technical University of Kenya (TUK) on the spot over the collapse of its staff retirement benefits scheme, which has left retirees and soon-to-retire employees in financial distress. Appearing…
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(Reuters) – President Volodymyr Zelenskiy outlined Ukraine’s plans to boost drone exports and expand tech partnerships as he met the top management of a host of leading U.S. businesses, his office said on Thursday. Exports of Ukraine’s weapons have been restricted since Russia invaded its neighbour in February 2022, with everything rolling off the production…
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(Reuters) – The U.S. economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment, though momentum appears to have ebbed against the backdrop of lingering uncertainty from trade policy. The quickest growth pace in nearly two years reported by the Commerce Department on Thursday also reflected a sharp…
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Mwale Medical and Technology City (MMTC) team participated in a series of high-level side events promoting health equity, sustainable development, and strategic investment on the sidelines of the 80th United Nations General Assembly (UNGA) in New York. The MMTC delegation, led by its visionary founder and principal investor, Julius Mwale, has been engaging with global…
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Construction works are in high gear at the Nyali VOK Affordable Housing Project in Mombasa County where the Government is putting up 1,932 housing units for sale through Boma Yangu. The project which was launched early this year is at 28% completion, with the residents of Maweni Sub-Location, Nyali Constituency expressing their gratitude to the…