Category: Economy&Finance
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West Valley Sugar is a leading player in the sugar industry, committed to delivering high-quality products and exceptional service to its customers. Guided by innovation and sustainability, the company continues to meet the evolving needs of the market while maintaining its dedication to excellence. To strengthen its operations, West Valley Sugar is inviting applications from…
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Search option is now available at TUKO! Feel free to search the content on topics/people you enjoy reading about in the top right corner 😉 Elijah Ntongai, an editor at TUKO.co.ke, has over four years of financial, business, and technology research and reporting experience, providing insights into Kenyan, African, and global trends. Cabinet Secretary for…
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A surge in Oracle shares lifted Larry Ellison into a close race with Tesla’s Elon Musk as the world’s wealthiest person. Photo: TORU YAMANAKA, Allison ROBBERT / AFP/File Source: AFP Don’t miss out! Get your daily dose of sports news straight to your phone. Join YEN’s Sports News channel on WhatsApp now! Billionaire Elon Musk…
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Infrastructure gaps, fragmented marketing and limited investment in event technology are curtailing the growth of the MICE (Meetings, Incentives, Conferences and Exhibitions) industry, sector experts now say. This has seen key MICE destinations in Africa, including Kenya, fail to maximise on the potential in this sector, which last year came second to leisure for the…
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Parliament buildings A parliamentary watchdog has called for a special audit of the Sh6 billion Judiciary mortgage scheme, which has operated for more than a decade without a supporting legal framework despite managing funds exceeding Sh5.3 billion. The Public Accounts Committee (PAC) announced on Thursday that it will formally request Auditor-General Nancy Gathungu to conduct…
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![Amounts lost through cyber fraud [Sh m]](https://city-digest.us/wp-content/uploads/2025/09/72d52dcdc3832d4302688c59d989afd4width450height336qualityhqcategoryKE_Economy26Financeformatwebp.jpg)
In 2024, the total amount lost to cyber fraud in Kenya skyrocketed to Sh1.5 billion, a massive increase from the Sh412 million lost in 2023. This jump was primarily driven by a surge in mobile banking fraud, which alone accounted for a staggering Sh810.68 million in losses, a significant increase from Sh182.41 million the previous…
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An aerial view shows the skyline of downtown in Nairobi, Kenya October 8, 2024. Picture taken on October 8, 2024. REUTERS Manufacturers continue to decry the high and unpredictable tax regime in the country, saying it remains a great impediment to foreign direct investment in the country. This, as the country seeks an ambitious target…
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Traders at Toi Market, Nairobi. Traders dealing in second-hand goods at Toi Market have raised serious concerns about the heavy losses they are incurring due to high taxes imposed on them each time they purchase goods. They also accuse officials from the Nairobi County Government of constant harassment, which has forced many to abandon their…
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The Kenya Revenue Authority (KRA) has appointed new leadership to strengthen institutional capacity and enhance service delivery. In a statement on Thursday, KRA announced the appointment of Nancy Ng’etich as the Commissioner for Shared Services Department. KRA noted that she took up the role in acting capacity since February 2023, where she has overseen organizational…
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Taita Taveta county officials, in a meeting with a multi-sectoral delegation, including officials from the Kenya Space Agency, the Ministry of Agriculture and Livestock Development, and the Agriculture and Food Authority’s Coffee Directorate. (Photo: Courtesy) Farmers in Taita Taveta County have welcomed a government-backed programme to revive the region’s collapsed coffee industry, raising hopes of…