Keep up to date with business developments and opportunities in the region.
The government is mulling changes to the rate of Value Added Tax (VAT) in the next financial year’s revenue-raising plan. National Assembly Finance Committee chairman Kuria Kimani said Tuesday that there was an ongoing conversation about reducing the rate or keeping it at the current level. There is also pressure from the East African Community…
A few years ago, three friends Njogu Kinyanjui, Titus Marenye and Samuel Njuguna came together to launch an application that would enable people to save and invest small amounts of money. In a country where a majority of the working population earns no more than Sh50,000 a month, the trio felt that most of the…
The Energy and Petroleum Regulatory Authority has reduced fuel prices by up to Sh18 in this month’s review. Epra said a liter of Super petrol has decreased by Sh5.31, diesel by Sh10 per litre while Kerosene has gone down by Sh18.68 per liter. In Nairobi, super petrol will retail at Sh193.84, Diesel at Sh180.38 and…
The number of electric vehicles and motorcycles registered in Kenya increased more than five times last year as more corporations and individuals migrated to clean mobility. Data from the Energy and Petroleum Regulatory Authority (Epra) shows that the National Transport and Safety Authority registered a record 2,694 electric vehicles (EVs) in 2023, marking a significant…
The easing of visa restrictions and enhanced travel trade partnerships are some of the strategies that have seen visitor arrivals from South Africa to Kenya record a 38 per cent growth. The Southern African market by the end of last year registered 37,370 arrivals into the country compared to 27,103 in 2022, translating to a…
Farmers who bought fake or substandard fertiliser face huge losses after Agriculture CS Mithika Linturi remained non-committal on the compensation framework despite President William Ruto’s directive. Appearing before Senate Committee on Agriculture probing the fake fertiliser matter, he said the affected farmers will be compensated with top dressing fertiliser at an additional fee. “We want…
The government is looking to ride on the investments in the blue economy initiatives locally to increase revenue to Sh120billion annually. This will be a threefold increase from the current Sh37.6 billion that the state generates from the blue economy. Cabinet Secretary in the ministry of mining, blue economy & maritime affairs, Salim Mvurya, said…
World Bank has projected Kenya’s economy to grow by five per cent this year, driven mainly by increased investment based on restored access to international capital markets. This, it says, will spur investor confidence and capital inflows, as well as more credit to the private sector through reduced domestic government borrowing. Other growth drivers include…
John Matu, a sales representative with a local media house in Nairobi is ready to take a 30 per cent pay cut for a similar role in his native Meru County. The 43 year old told the Star that his Sh90,000 monthly salary is not sustainable in the city where rent, transport and food gobbles…
Once I read, “a man who has a good handshake can do any goddamned thing he wants. I’m not saying he will; I’m saying he can. People remember him; they listen to him. Men like this are followed.” Grip, shake, release. The art of the handshake. This is not how Phyllis Wakiaga has built her…
