Business
New taxes threaten ‘Made In Kenya’ goal, KAM warns
The Kenya Association of Manufacturers (KAM) has warned that the country’s manufacturing capacity is under threat from new taxes introduced under the Finance Act 2021....
Cameroon boosts stake in Shelter Afrique with $3.5 million fresh capital
Nairobi-based housing financier Shelter Afrique has received additional capital contribution amounting to $3.5 million from the Government of Cameroon. This makes Cameroon the 8th country...
CBK says focus on price stability amid liquidity surge
The Central Bank of Kenya (CBK) has said maintaining price stability going into the second half of the year will be its key priority amid...
Mastercard marks year of collective action in annual Sustainability Report
Mastercard released its 2020 Corporate Sustainability report, highlighting how the company has responded to the challenges of the last year through innovation and trusted partnerships....
CBK Monetary Policy Committee holds benchmark rate at 7%
The Central Bank of Kenya (CBK) has kept the benchmark rate at 7% citing inflation which remains within target range and the economy which is...
Passenger traffic through JKIA down 60% on covid as cargo gains
The number of passengers at the Jomo Kenyatta International Airport plunged by 60% from 6.1 million in the 2019/2020 fiscal year to 2.5 million in...
NCBA pools housing solutions for potential home buyers
NCBA Bank has rolled out EasyBuild, a platform to provide potential home buyers with a one stop shop for all construction solutions. The lender says...
Court grants 748 Air Services stay orders against KQ eviction orders
748 Air Services has been granted stay orders by a Nairobi court, preventing Kenya Airways and its agents from further executing eviction orders. The airline...
Cannabis part of the future says tobacco giant
Story by BBC The UK’s largest tobacco firm says it sees cannabis as part of its future as it tries to move away from selling...
UK mobilises Ksh 20B investment into Big Four projects
The United Kingdom has announced Ksh 20 billion of new government and private investment into Kenya’s Big Four Projects which include affordable housing and manufacturing....