Safaricom is wary that the Kenya Revenue Authority (KRA) might use the current tax laws to hit it with taxes such as the capital gains tax (CGT) if it goes …
Kenya
Vietnam’s economy grew by eight percent in 2022, driven by strong exports and retail sales, authorities said on Thursday. Growth in the communist nation stuttered at around three percent for …
- Banking, Finance & InvestmentBusinessEastern AfricaKenya
Horwegian Firm Wakandi Gets CBK Nod To Offer Online Payment Services
Norwegian start-up Wakandi has secured a regulatory licence from the Central Bank of Kenya (CBK) to provide digital payment services. The payment service provider (PSP) license will enable the firm …
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Watchdog punishes Unilever Kenya for unfair trade deals
by Editorby EditorThe Competition Authority of Kenya (CAK) has punished consumer giant Unilever Kenya for revising payment terms with tens of its suppliers after a probe revealed the firm exploited smaller traders. …
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Kenya To Witness Tourism Boost from Flight to United Arab Emirates
by Editorby EditorThe country is set to witness a tourism boom in the coastal region following the launch of the first direct flight from Mombasa to Dubai in the United Arab Emirates. …
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Kenya among seven markets targeted for continental stocks
by Editorby EditorKenya is among seven markets in Africa targeted for cross-border securities trading. This is on an e-platform (The AELP Trading Link) under the African Exchanges Linkage Project (AELP). It enables …
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Freedom for ex-MD of Kenya Pipeline Company acquitted of corruption charges
by Editorby EditorAfter being forced out of office in December 2018 following corruption allegations, former Kenya Pipeline Company (KPC) managing director Joe Sang says he had to find something productive to do …
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Twitter Founder Jack Dorsey In Kenya, Invests Sh245mn
by Editorby EditorDorsey, who was among the founders of the social media platform before it was sold to billionaire Elon Musk, surprised staff at Crazy Grill in Parklands when he popped in …
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Bitcoin mining project in Kenya helps power rural community
by Editorby EditorGridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered a rural community and lowered its existing energy rates. A hydro-powered crypto mining project based in …
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Thousands of Somalis cross over to Kenya fleeing drought, insecurity
by Editorby EditorAs drought grips the Horn of Africa region, tens of thousands of Somalis are crossing over into Kenya in search of water and food for their families. According to the …