Category: Business
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More than 5,000 vulnerable residents of Bungoma County have benefited from the distribution of productive assets under the USAID 4TheChild initiative, a program designed to empower households through education and income-generating activities. Speaking during the exercise at the County Headquarters, Governor Kenneth Lusaka commended USAID 4TheChild for its unwavering commitment to uplifting marginalized groups across…
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Kenyan homes are delivering investment returns unequaled globally. This is according to a Special Report launched on Tuesday 9th September, 2025 by HassConsult, which found the country has further widened its lead in 2025 compared with nine leading property markets globally. The study of property prices and rental yields – in Kenya, South Africa, the…
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Kenyans’ voluntary savings in the National Social Security Fund (NSSF) reduced considerably in 2024 as employees struggled with higher obligatory monthly contributions. Data by the Retirement Benefits Authority (RBA) shows that voluntary contributions dropped by 47 per cent, from KSh1.9 billion in 2023 to KSh1.01 billion in 2024. Employees typically pay a percentage of their…
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The Tax Appeals Tribunal has upheld a KSh 21.6 million assessment against Kirin Pipes Limited, ruling that the company failed to prove that millions in bank deposits were anything other than taxable income. The company maintained that classifying the disputed deposits as sales would unjustly result in double taxation, since the amounts had already been…
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Listed entertainment and events manager, Homeboyz Entertainment PLC has reported a net loss of KSh 11.5 million for the half year ended June 30, 2025, from the KSh 24.5 million loss recorded a year earlier. Revenue surged 54% year-on-year to KSh 149.3 million, up from KSh 97.0 million in H1 2024, driven by a rebound…
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Kenya’s 14 microfinance banks (MFBs) have endured one of the toughest decades in the financial sector, with industry data from 2014 to 2024 revealing sustained decline across key indicators, as profitability has collapsed and balance sheets shrunk. “The MFB subsector is highly concentrated. Three of the 14 MFBs account for 87.5 percent of total losses…
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Kenya’s insurance industry recorded a sharp decline in reported fraud cases in the final quarter of 2024, as firms posted record profits boosted by government bond investments, according to the Insurance Regulatory Authority (IRA). “The drop in fraud points to tighter supervision and stronger enforcement collaboration across the sector,” the IRA noted in its quarterly…
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Listed lender Standard Chartered Bank Kenya has moved to reassure markets after the Supreme Court’s decision striking out its appeal in a multibillion-shilling pension case. StanChart Kenya has said it is committed to meeting the obligations within the law. “We have initiated a structured process to execute the judgement in accordance with the legal requirements…
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The High Court has suspended the Treasury’s directive requiring all government entities to adopt electronic procurement, ordering that both digital and manual submissions be accepted and processed equally under existing procurement law. Governors have consistently argued that the rollout of the new procurement platform was rushed, technically deficient, and imposed without adequate consultation. They argued…
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Coca-Cola Beverages Africa is the largest African Coca-Cola bottler, accounting for 40% of all Coca-Cola volumes on the continent. CCBA is a market leader in the NARTD non-alcoholic ready to drink market in Africa. CCBA has an extensive footprint in Africa, employing approximately 14,000 employees in Africa, and approximately 7,000 employees in South Africa. Key…