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NEWS & CURRENT AFFAIRS

Digital News

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Graham Kajilwa

State says import levy saw creation of 16,000 jobs, 11 steel factories

The introduction of an export and investment promotion levy in the Finance Act of 2023, is said to have facilitated the reopening of 11 steel millers - further creating 16,000 jobs.

State says import levy saw creation of 16,000 jobs, 11 steel factories

Real estate workers record increased income in survey

Real estate workers record increased income in survey

Purchasing managers index reveals slow start for businesses

Purchasing managers index reveals slow start for businesses

State's new plan to create 100,000 jobs in leather sector

State's new plan to create 100,000 jobs in leather sector

How the new NSSF rates will affect your pocket

The new rates taking effect this month are expected to increase member contributions from Sh2,160 to Sh4,320.This squeezes Sh2,160 more from your pocket.

How the new NSSF rates will affect your pocket

Chorus against credit rating firms amid calls for African alternative

President William Ruto rarely minces on what he thinks of global credit rating agencies.He has insisted that Africa at large needs a credit agency that understands the continent.

Chorus against credit rating firms amid calls for African alternative

Politics vs data: Is the economy doing well as the State claims?

The government says its strategy to improve Kenyans’ livelihoods is on the right path but various reports, however, show the mwananchi is finding it hard to make ends meet.

Politics vs data: Is the economy doing well as the State claims?

Disquiet over NSSF rates as Council of Governors issue new directives

Governors have been directed to disregard the contentious contributions to the National Social Security Fund (NSSF) in the latest showdown between the county chiefs and the fund.

Disquiet over NSSF rates as Council of Governors issue new directives

EABL toasts to 20pc half-year profit rise to Sh8.1b

East African Breweries Ltd (EABL) has announced a 20 per cent increase in profit after tax for the half year ended December 2024.

EABL toasts to 20pc half-year profit rise to Sh8.1b

Why townhouses are selling faster than apartments

Apartments are taking longer to sell compared to townhouses and bungalows, pointing to a growing desire for privacy among homeowners, the latest data reveals.

Why townhouses are selling faster than apartments

Counties on the spot over lack of urban plans, poor development

The lack of urban plans for most town centres in Kenya has been linked to development challenges such as unregulated structures, according to a new report that lists poor planning as a top issue.

Counties on the spot over lack of urban plans, poor development

Drivers vs taxi-hailing companies: Here is where the problem lies

Whenever you speak to online ride-hailing companies, they are usually shy to share their absolute figures on the partners they have.

Drivers vs taxi-hailing companies: Here is where the problem lies

Businesses defy tough times to record improved sales in 2024

ILAM consumer index shows over 61 per cent of businesses reported an increase in sales in quarter three of 2024, while 39 per cent noted a decrease.

Businesses defy tough times to record improved sales in 2024

Surge in high-end hotels spurs visits by foreign tourists

High-end hotels are slowly becoming a norm in Nairobi with the recent entrant of Hyatt Regency.

Surge in high-end hotels spurs visits by foreign tourists

E-commerce now bets on rural areas to grow market

Vinod Goel, the group chief executive of Jumia, believes he has cracked the code to grow the e-commerce platform into an unrivalled firm in the region’s rural market.

E-commerce now bets on rural areas to grow market

Insurance agents' future in doubt as tech disruption hits industry

Underwriters are continually coming up with new technology-driven platforms that are allowing them to interact directly with clients; cutting out the agents.

Insurance agents' future in doubt as tech disruption hits industry

National Police, Prison Services in new plan for officers' housing

The National Police Service and the Kenya Prisons Service plan to tap into the government’s affordable housing programme.

National Police, Prison Services in new plan for officers' housing

Why cheap credit may never come soon for the private sector

The expectation that banks will unclench their fists and extend more credit to the private sector as the new year starts due to the reduced Central Bank Rate (CBR) may not come to pass.

Why cheap credit may never come soon for the private sector

2024: The year KRA trained its guns on paybill, till numbers

Economic advisor Moses Kueria said numbers were to be used as virtual electronic tax registers.mall businesses were poised to be the main target.

2024: The year KRA trained its guns on paybill, till numbers

State's big task to comply with EU deforestation regulations

Rules will significantly affect countries such as Kenya that are dependent on agriculture. It is estimated that EU consumption represents around 10 per cent of global deforestation.

State's big task to comply with EU deforestation regulations

State's affordable housing drive still a hard sell two years later

More than years after taking office, President William Ruto is still grappling to find the right sale pitch for his government’s affordable housing agenda.

State's affordable housing drive still a hard sell two years later

2024: Year of layoffs as businesses struggle to stay afloat

A harsh economic environment became the common phrase in redundancy notices by different companies.

2024: Year of layoffs as businesses struggle to stay afloat

Irony of lowest inflation in 17 years but Kenyans barely making ends meet

The drop in prices of commodities such as wheat flour, sugar, and cooking oil during this year has failed to offer Kenyans a reprieve in the cost of living, with many surviving on debt.

Irony of lowest inflation in 17 years but Kenyans barely making ends meet

How new KRA guidelines will impact income tax calculation

Salaried workers have been offered relief as KRA issued guidelines on how to calculate Pay As You Earn (Paye) following enactment of the Tax Laws (Amendment) Act, 2024.

How new KRA guidelines will impact income tax calculation

Planning woes as Kajiado town turns into an eyesore

How to grow Kajiado town away from the business district is one of the headaches for the Kajiado county government as the municipality battles with the mushrooming of slums amid a surge in population.

Planning woes as Kajiado town turns into an eyesore

More Kenyans shun agriculture for odd jobs and businesses

A new report shows that the majority of Kenyans’ dependence on agriculture as their main source of livelihood has dropped by 7.5 per cent in the last five years.

More Kenyans shun agriculture for odd jobs and businesses

Cost of Christmas: Highs and lows of food prices this festive season

Increase in prices has been linked to macro-economic factors and rains.There has been a drop in food prices due to favourable weather conditions.

Cost of Christmas: Highs and lows of food prices this festive season

Alcohol manufacturers oppose new waste management regulations

The alcoholic beverage sector has asked Parliament to nullify a set of new regulations that, if implemented, they claim could increase the cost of production by 70 per cent.

Alcohol manufacturers oppose new waste management regulations

Why informal market holds key to closing Africa's housing gap

The Centre for Affordable Housing Finance (CAHF) has emphasised prioritising the informal market when determining financing models for the masses.

Why informal market holds key to closing Africa's housing gap

Treasury moots plan to tap pension assets for mega projects

Treasury Cabinet Secretary John Mbadi has directed the formation of a team of experts to explore the possibility of the government using pension funds to invest in infrastructure projects.

Treasury moots plan to tap pension assets for mega projects

State in Sh8b plan to double coffee farmers' earnings by 2027

New Kenya Planters Cooperative Union plans to double payments to farmers from the current Sh70 per kilo to at least Sh135 by 2027.

State in Sh8b plan to double coffee farmers' earnings by 2027

Tana River records highest own revenue growth as counties miss targets

Tana River County registered the highest growth in own source revenue, rising by 819 per cent to Sh78.5 million in the quarter ended September 30, 2024,

Tana River records highest own revenue growth as counties miss targets

Why homeownership is not a priority for most Kenyans

Owning a house is currently not a priority for many Kenyans, with education topping their priority list as the popularity of the government’s affordable housing programme hits an all-time low.

By 2 months ago

Why homeownership is not a priority for most Kenyans

Insurance: Hard nut to crack despite improved technology

Growing insurance penetration remains one of the uphill tasks that players in the sector still face amid a growing population and improved technology.

By 2 months ago

Insurance: Hard nut to crack despite improved technology

Why Kenya's export strategy needs more effort to grow markets

According to the 2024 Economic Survey Report by the Kenya National Bureau of Statistics (KNBS), in 2023, export earnings grew by 15.4 per cent to Sh1.007 trillion.

By 2 months ago

Why Kenya's export strategy needs more effort to grow markets

Big manufacturers on the spot for sidelining smaller players

Large manufacturers are on the spot for their reluctance to do business with small and medium-sized entities, which the government has noted is dragging the growth of the sector.

By 2 months ago

Big manufacturers on the spot for sidelining smaller players

Treasury and COG; Who is saying the truth on disbursement?

Treasury CS John Mbadi has absolved his office of any delays and even provided a breakdown of how much money has been released to counties.

By 2 months ago

Treasury and COG; Who is saying the truth on disbursement?

Pension industry seeks to flex its muscle in large State projects

Sector forms consortium to lead investment in capital-intensive ventures. Most of the funds have traditionally been invested in government securities.

By 2 months ago

Pension industry seeks to flex its muscle in large State projects

Inside Sh81.3b Nairobi County housing development plan

The Nairobi City County targets to develop 10,000 units in its Annual Development Plan for the financial year 2025/26.

By 2 months ago

Inside Sh81.3b Nairobi County housing development plan

Taxman softens stance in bid to woo MSMEs into tax net

MSMEs and the informal sector feature heavily in the Kenya Revenue Authority’s (KRA) ninth corporate plan running until the 2028-29 financial year.

By 2 months ago

Taxman softens stance in bid to woo MSMEs into tax net

Falling inflation: Market correction or a shrinking economy?

Simply put, if the economy was working as the Kenya Kwanza administration claims, shouldn’t businesses be recruiting more than they are letting go of their staff?

By 2 months ago

Falling inflation: Market correction or a shrinking economy?

Airtel bets on MSMEs amid State regulation, tax drives

The share of Airtel Money has grown 6.6 per cent, according to the latest Communications Authority (CA) industry report.

By 2 months ago

Airtel bets on MSMEs amid State regulation, tax drives

Report: Construction sector leads in mobile money use

Adoption of mobile money is highest in the construction industry, according to a new report that shows the low level of digitisation among informal sector businesses.

By 2 months ago

Report: Construction sector leads in mobile money use

Boda boda operators in new bid to slam brakes on bike theft

Boda boda operators are now mulling the establishment of their own insurance agency, among other measures, in the wake of the rising cases of motorcycle thefts in the country.

By 2 months ago

Boda boda operators in new bid to slam brakes on bike theft

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