Category: Economy&Finance
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The Kenya Revenue Authority (KRA) collected Sh73.2 billion in housing tax in the financial year 2024/25. This amount surpassed the Sh63.2 billion target that had been set by the National Treasury. Despite the taxman surpassing the housing tax collections target, a huge amount of the collected funds are yet to be used for the purpose…
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A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi The Central Bank of Kenya (CBK) has licensed 27 new Digital Credit Providers (DCPs), in a bid to streamline lending activities in the financial technology space. In an announcement on Thursday, CBK…
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Stanbic Bank Kenya has announced the sale of motor vehicles in Nairobi and other parts of the country through a public auction. In a Public notice on the Daily Nation Newspaper on Thursday September 4, the lender invited interested bidders to purchase the 23 motor vehicles stationed in various yards across the country. Among the…
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What Every Property Buyer should know When it comes to investing in real estate, a lawyer is not just a luxury but your secret weapon. After finding the perfect piece of land in the right location, at the right price and seeing your dreams finally come together, do not rush into signing on that dotted…
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Public service employees who leave their jobs before retirement age may soon be able to access their pension savings. Public service employees who leave their jobs before retirement age may soon be able to access their pension savings. This change is proposed in the Public Service Superannuation Scheme (Amendment) Bill, 2025. Sponsored by National Assembly…
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A footbridge along Outering Road, Nairobi. [Photo/Courtesy] A number of towering bridges connecting major roads in Nairobi have had their underbellies turned into little hideouts for criminals and truant street children. Many have also been turned into illegal garbage points, even informal toilets for hundreds of street families. Others have had their giant pillars charred…
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Governor Susan Kihika’s Wezesha Biashara Fund has been lauded for unlocking opportunities. Nakuru Chief Executive Member for Trade Stephen Kuria pointed out the transformative role the fund continues to play. According to Kuria, this is a fund that is unlocking opportunities for entrepreneurs. The CECM encouraged women and youth to continue applying for support through…
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Cabinet Secretary for Ministry of Investments, Trade and Industry(MITI) Lee Kinyanjui on Thursday led a team to Kibos Sugar Factory for a fact-finding mission. The team at the factory.PHOTO/COURTESY The team included PS Dr. Juma Mukhwana (Industry) and PS Regina Ombam (Trade). During the visit, the CS noted that Kenya risks an imminent cane shortage…
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Participatory Ecological Land Use Management (PELUM) Kenya Network in partnership with other agroecological organizations on Friday September 5, 2025 hosted Green Action Week with calls towards making earth green through embracing agroecological practices. A farmer displays some of the organic foods during the exhibition.PHOTO/PRISTONE MAMBILI The Green Action Week was held at Kenya Industrial Training…
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Kenyans working and living in the United States have expressed their excitement over plans by national carrier, Kenya Airways to launch direct flights to the New York City beginning October this year. Speaking to the Nation, a number of Kenyans in the diaspora hailed the plan, noting that it will save them money and time.…