Category: Economy&Finance
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ODM leader Raila Odinga He positioned the initiative as a catalyst for innovation, entrepreneurship, and wealth creation. Former Prime Minister and ODM leader Raila Odinga has announced plans to launch a new digital cryptocurrency aimed at transforming Kenya’s financial landscape. Speaking on Thursday, September 18, Raila described the initiative as an ambitious step towards strengthening…
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–Bolt’s top 50 drivers took home an average of Ksh 1.28 million in the first half of 2025. -This translates to Ksh 213000, a figure that equals what some of the high-paying professionals like doctors, lawyers and senior university lecturers. Bolt, a top ride-hailing platform in Kenya has revealed that its top 50 drivers earned…
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In the hustle of Kenya’s competitive business world, a silent threat is eroding profits and strangling cash flow. It’s not market volatility or rising costs—it’s a critical misunderstanding buried in everyday invoices: the VAT distinction between disbursements and reimbursements. To the untrained eye, they seem identical. But to the Kenya Revenue Authority (KRA), they are…
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Kenya Ranked Among Top 10 African Countries with Billionaires Kenya has secured its place among Africa’s economic elite, being ranked in the Top 10 African countries with the highest number of millionaires and billionaires in 2025, according to a new report by Henley & Partners in collaboration with New World Wealth. The report reveals that…
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Danada Developers Launches First Project – Juja Creek Danada Developers is thrilled to announce the launch of our flagship real estate venture – Juja Creek, a tranquil and secure gated estate nestled just off Juja Farm Road. This premier project marks a significant milestone for Danada Developers as we officially step into the Kenyan property…
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An AI-generated image of a person sad in a work place Not every resignation comes with a dramatic farewell email, a heated confrontation, or a tearful goodbye. In the modern workplace, a shift is happening: the silent resignation. They serve their notice, keep their frustrations to themselves, and simply vanish into new opportunities. This growing…
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A vehicle being offloaded from a truck Kenyans can bring in a car without paying the usual import taxes, but only if they fall into strict exemption categories and follow the process to the letter. The Kenya Revenue Authority (KRA) recognises three broad groups for motor-vehicle tax relief: Persons with disabilities (PWDs), returning residents, and…
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Zimbabwe in 2016 began issuing “bond notes”, a parallel currency meant to be equivalent to the US dollar, when there was a shortage of cash circulating in the country A currency collapse can be one of the most harrowing events in a nation’s economic history, triggering widespread hardship for its citizens and businesses. In simple…
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Africa Research and Innovation Hub Afreximbank has launched the Africa Research and Innovation Hub (ARIH) with an ambitious goal to turn the continent’s scientific talent into trade, jobs and growth worth as much as US$70 billion every year. Speaking at the Intra-African Trade Fair (IATF) 2025 in Algiers, Dr Yemi Kale, Afreximbank’s Group Chief Economist…
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Fuel prices have seen a marginal decrease for the period of September 15 to October 14, 2025, according to a recent announcement by the Energy & Petroleum Regulatory Authority (EPRA). The EPRA attributed the price reduction to several key factors. The average landed cost of Super Petrol decreased by 0.46%, Diesel by 3.38%, and Kerosene by…