Category: Economy&Finance
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My name is John Mugisha, and I come from Mbarara District in Western Uganda. For many years, I lived a life filled with disappointment. Every time I thought I had finally found a breakthrough, things would collapse right before my eyes. I worked hard, applied for jobs, tried different businesses, and even joined groups to…
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Just last month, Bonnie Kamau, a father of three, experienced a moment that changed his life forever when he won KES 424 million in the SportPesa Mega Jackp0t. Speaking to a local news outlet, Bonnie credited his life-changing win to a predicti0n service called FutaaPredict. Before he came across the platform, Bonnie had been an enthusiastic b’ett0r, but most…
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For many years, life was a heavy burden for Joel, a middle-aged man from Mukono, Uganda. He worked as a caretaker of small rental units in the town, collecting monthly payments for landlords and cleaning the compounds to earn a small wage. His job barely sustained him, and at times, he could not provide enough…
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Small and medium enterprises (SME) contribute significantly to job creation, economic growth and development. They boost innovation and competitiveness, and harness the entrepreneurial spirit of Kenyans. Over 7.4 million SMEs employ 14.9 million people in various sectors, proving just how important small businesses are to the national economy. Therefore, the revelation that SMEs are facing…
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Kirin Pipes Ltd. PHOTO/FACEBOOK When Can KRA Tax All Your Bank Deposits? Lessons from the Kirin Pipes Case A recent ruling by the Tax Appeals Tribunal in the case of Kirin Pipes Limited vs Kenya Revenue Authority (KRA) has sent shockwaves across Kenya’s business community. The judgement clarifies under what circumstances KRA can deem every…
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Mutahi Kagwe. PHOTO/COURTESY Kenya has urged international buyers and investors to package tea at source, a strategy the government says will reduce costs and deliver higher value for both producers and consumers. Agriculture Cabinet Secretary Mutahi Kagwe made the call during the North America Tea Conference in South Carolina, where he also announced the removal…
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LG Best Care Tailer. LG Electronics has taken customer service in Kenya to the next level with the launch of its Best Care Trailer, an innovative mobile customer support center designed to bring after-sales services closer to consumers. The initiative, unveiled in Nairobi last week, is set to redefine how Kenyans access technical support, product…
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The National Treasury. PHOTO/COURTESY Micro, Small and Medium Enterprises (MSMEs) have secured Sh2.625 billion in financing over the past year under the Supporting Access to Finance and Enterprise Recovery (SAFER) Project, an initiative led by the National Treasury in collaboration with the Kenya Development Corporation (KDC). The project, which carries a Sh7.1 billion budget over…
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Standard Chartered Head Offices. PHOTO/COURTESY Standard Chartered Kenya Limited has confirmed it will comply with the Supreme Court ruling issued on Friday, in a pensions case involving thousands of retirees’ benefits. In its statement on Monday, the bank said it had already begun the process of executing the order. “We have initiated a structured process…
