The weakening shilling has seen the country's debt rise by Sh400 billion in the past year as it depreciates almost 10 per cent against the US Dollar.Read More
The ruling ordering the taxman to open Keroche Breweries was issued by the same court last week. The Kenya Revenue Authority has requested that the High Court dismiss and set aside that order. “It is the Authority’s view that the case filed in court by Keroche and the orders sought go contrary to previous orders […]Read More
The International Monetary Fund (IMF) has approved a Sh. 28 Billion loan to Kenya. The IMF has stated that despite significant delays in implementation, Kenya was complying with the program’s structural reform requirements in its statement following the third reviews of the agreement. “Kenya’s structural reform agenda, focused on improving governance, has advanced despite some […]Read More
Depending on monthly consumption, water bills might increase by 20% to 40% if Nairobi Water’s revised prices are approved by the Water Services Regulatory Board. In order to recover costs, repay loans, and modernize infrastructure, Nairobi Water wants higher pricing. Nairobi Water has requested a routine price review, according to the Water Services Regulatory Board […]Read More
Customers will be able to share power tokens in the same way that they share Bonga Points under systems being developed by Kenya Power and Lighting Company (KPLC). Customers will move with their tokens or transfer them to friends and family when relocating to new homes as a result of the new system. The ability […]Read More
Safaricom has announced plans to Launch its operations in Ethiopia this coming August. In April 2023, the telco provider plans to roll out its network and services to 24 other cities after a phased launch that will begin in Dire Dawa, Ethiopia, in August 2022. Safaricom’s Ethiopia network will be made up of its own […]Read More
The Central Bank of Kenya (CBK) is looking for a consultant to eavesdrop on lending institutions such commercial banks and microlenders in order to uncover consumer fraud like covert fees, deceptive advertising, risky lending, and bribery. The consultant will be required to carry out covert operations in the banking hall while impersonating a client in […]Read More
The recent increase in export licence costs by Samia Suluhu’s administration from Sh27,000 per truck to Sh52,000 may cast a shadow over the expansion of bilateral trade between Kenya and Tanzania. This 93% increase in representation indicates that both exporters and importers will need to make larger financial sacrifices in order to maintain commerce. According […]Read More
The Central Bank of Kenya has signaled a high rise in the borrowing of commercial loans which is the highest since January 2020. For example, the average lending rate for loans from commercial banks has gradually risen above the 12% mark since January of last year after falling to a low of 11.75% in September […]Read More
To avoid late payments and adverse credit listings, here are TransUnion’s top five tips.Read More
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