Category: Economy&Finance
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Bolt has disclosed that its 50 highest-earning drivers in Kenya pocketed an average of Sh1,280,000 between January and June 2025, amounting to roughly Sh213,000 per month. The company said the figures place its platform above many office jobs and most other gig-based opportunities in the country. According to Bolt, the totals combined gross trip payments…
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KRA staff working on their desks When can the Kenya Revenue Authority (KRA) treat every deposit into your bank account as taxable income? This was the central question in the case of Kirin Pipes Limited vs Commissioner, Intelligence Strategic Operations Investigations & Enforcement (Appeal E1116/2024) before the Tax Appeals Tribunal. The Tribunal’s decision, delivered on…
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Central Bank of Kenya Governor Kamau Thugge Eleven commercial banks could face downgrades if they fail to meet tougher core capital requirements set by the Central Bank of Kenya (CBK). The warning comes as regulators push to strengthen the resilience of the banking sector ahead of a December 2025 deadline. According to CBK’s Financial Sector…
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Stories are told of many great men who moved from rags to riches on their own. Who claim to be self made. These stories have been told over and over and it has become the go-to analogy for inspiring young and up coming entrepreneurs. The sad truth about these stories is that they are full…
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Head of Public Service Felix Koskei. PHOTO/Felix Koskei X. All Chief Executive Officers (CEOs) and heads of human resource departments across the country have been ordered to ensure maximum staff participation in a newly launched employee survey by the Public Service Commission (PSC). According to PCS in a Tuesday, September 9 notice, the survey is…
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Liquor arranged in a shop. PHOTO/fletcherhillsbottleshop. A liquor license bar is one of the legal requirements for running a club, hotel, restaurant, or any business that sells or distributes alcoholic beverages in Kenya. The license is a legal requirement and is issued by the county-level Alcoholic Drinks Control and Licensing Board. The liquor licensing function…
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The MGM Muthu Hotels, a European hospitality conglomerate, is a popular name in the Kenya’s hospitality sector. The group owns some of the country’s most popular hotels, including Lake Naivasha Country Club, Keekorok Lodge in Masai Mara, and Nyali Beach Hotel and Spa in Mombasa. MGM Muthu Group was founded by Dr. Manuel Gnana Muthu…
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President William Ruto. PHOTO/Agencies/Elizabeth Frantz/Reuters The debt problem in Kenya appears to be ballooning at an alarming rate. Over the past three years, Kenya’s public debt has been on a steady rise. Last week, the public debt crossed the Sh12.1 trillion mark with domestic debt now standing at around Sh6.566 trillion and external debt standing…
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A four-bedroom maisonette house plan. Image/HPD Consult Homeownership can be exciting, and it’s actually most people’s dream, given the convenience and security it comes with. While the path to homeownership can often be challenging, particularly when it comes to financing, it is recently becoming easier than before due to the increasing mortgage facilities designed for…
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Mouth-watering dividend payments cheques have been doled out to shareholders. With the third quarter earnings season at its tail end, savvy investors at the Nairobi Securities Exchange (NSE) who were in for dividends harvest are cashing out. Most are training their eyeballs on book closure dates. This determines when to sell or how long to…