A number of prime office space landlords in Nairobi are now setting rent prices in dollars, joining a growing number of businesses that are pegging daily sales prices on the …
Kenyan News
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Traders Urge County To Hasten Business Fund Rollout
by Editorby EditorTraders in Nakuru County have called on the county government to hasten the rollout of the Traders Revolving Fund, to enable them access credit for business expansion. The traders, who …
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Kenya’s integrated tax system raises active taxpayers by 5.8 million
by Editorby EditorKenya’s integrated tax system also referred to as the “itax”, has helped raise the number of active taxpayers in the country by 5.8 million to hit 7.4 million in 2022, …
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European Union threatens to blacklist Kenya over grand corruption
by Editorby EditorThe European Union has threatened to blacklist Kenya over corruption and money laundering, revisiting an old problem Nairobi has struggled to contain. EU Ambassador to Kenya Henriette Geiger said Kenya’s …
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Kenyan police sentenced for murder of rights lawyer
by Editorby EditorThree Kenyan police officers have been served sentences which range from 24 years in jail to the death penalty for the brutal murder of a rights lawyer and two other …
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Court quashes betting tax, limit on gambling in 5-star hotels
by Editorby EditorThe High Court has quashed laws that restricted gambling in the city to five-star hotels with casinos and the 7.5 percent excise duty imposed on cash set aside by punters …
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Google to ban unlicensed loan apps in Kenya as new rule take effect
by Editorby EditorGoogle has implemented a new policy that requires digital lenders operating in Kenya to provide proof of a license to operate in the country. This policy aims to address the …
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Nairobi to end state support for Kenya Airways in 4Q23
by Editorby EditorThe Kenyan government is developing a financing strategy for Kenya Airways (KQ, Nairobi Jomo Kenyatta) that will end its reliance on state support by the end of December 2023, according …
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Elon Musk’s satellite internet firm, Starlink, has announced that it will launch its service in Kenya in the second quarter of 2023. Kenyans who want to access the service can …
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Kenya Shilling Continues to Weaken against US
by Editorby EditorAccording to the Central Bank of Kenya (CBK), the depreciation of the Kenyan currency implies a higher cost in shillings to finance imports A weak shilling also means the country …