Economic Growth Expected in Kenya and Africa
it’s promising news to hear that Kenya is among the African countries expected to see economic growth in 2024, as reported by the African Development Bank (AfDB). With projections indicating…
Driving Financial Accountability: Banks Embrace Data Sharing to Strengthen Customer Relationships with KRA
The move by banks to share information about foreign account holders with the Kenya Revenue Authority (KRA) is a significant step towards combating tax evasion and ensuring transparency in financial…
Unlocking the Power of M-Pesa: Safaricom’s Move to Block Unregistered Numbers
Safaricom, the leading telecommunications company in Kenya, has announced a significant change to its M-Pesa service. Starting from February 5th, 2024, M-Pesa customers will no longer be able to send…
A drug produced in Kenya has been recalled by Rwanda
It’s disconcerting to hear about the recent recall of Fluconazole 200mg tablets imported from Kenya by the Rwanda Food Drugs Authority (RFDA). Such recalls, although concerning, are crucial for ensuring…
Jumia will discontinue its food delivery operations
The recent decision by Jumia Technologies to close its food delivery business in all seven countries where it operates reflects a strategic shift towards enhancing its core online retail business.…
The Central Bank of Kenya (CBK) explains the significant Rise in prices of onions, tomatoes, and sugar.
The recent insights from the Central Bank of Kenya (CBK) shed light on the noteworthy surge in prices for essential commodities like sugar, onions, and tomatoes, presenting a complex interplay…
Planting Certain Staple Crops without a License may Result in Arrest, Fines, or Imprisonment
The Livestock Bill 2023 you’ve mentioned proposes stringent regulations impacting the entire animal feed value chain in Kenya. This bill aims to bring accountability and standardization to the production, processing,…
KRA Clarifies: Till Numbers Remain Exempt from Taxation
It’s essential to be cautious amid the circulating information about the Kenya Revenue Authority (KRA) and its alleged intentions regarding taxation on till numbers and mobile money transactions. The recent…
Banking Sector Growth Strategies
It’s fascinating to dive into the financial landscape of Absa Bank Kenya, especially considering the recent report showcasing a notable 14.8 percent growth in net profit during the nine months…
Best Black Friday Deals
As we approach the end of November, the excitement in the air isn’t just about the forthcoming holiday season; it’s also about the much-anticipated Black Friday. The day after Thanksgiving…