News
The shilling has clocked a new four month-high against the dollar buoyed by inflows and remittances from offshore investors purchasing shares on the stock market. In early trading, commercial banks quoted the shilling at 102.05/25 to the dollar, compared with 102.25/45 at Tuesday’s close. The
News
Domestic carrier, Silverstone Air has begun re-booking passengers to other airlines after the Kenya Civil Aviation Authority (KCAA) grounded eight of its 50-seater Dash-8 aircraft. An insider who sought anonymity said they have been refunding an average of Sh7 million to passengers and travel agencies daily, making their operations unsustainable.
News
Amid dwindling tax collections, stakeholders in the renewable energy sector want Parliament to repeal taxes on solar energy products, saying it would spur growth in the sector. They say the move was prompted by increasing prices of solar products after Treasury expunged value added tax (VAT) exemption on accessories last
News
Small and Medium Sized Enterprises (SME) will be more attractive to investors and unlock their capital flows in the region if they improve their financial reports and disclosures. To achieve this, the SMEs must embrace international financial reporting frameworks, where many are non-compliant, says Nairobi Securities Exchange chief executive Geoffrey
News
A team of scientists from the global healthcare technology firm, Abbott, has identified a new strain of HIV, the first to be discovered since 2000. The strain belongs to Group M of HIV type 1, the family of virus that is the most common and accounts for 95 per cent
News
Renaissance Capital has advised investors to continue buying shares Equity Group, Cooperative Bank of Kenya and KCB Group shares saying their prices are expected to rise. A projection by Renaissance Capital, a day after the National Assembly removed the interest rate cap, indicates that Equity Group share price will rise
News
Nowadays, everybody is trying to live a healthy lifestyle so as to avoid many illnesses like Cancer which are as a result of lifestyle lived in many cases. The first step to a healthy lifestyle is mindfulness Mindfulness is the simple art of being aware and in the moment. It
News
Kenya has established a new maritime regulatory body called the Kenya Maritime Administration (KMA) as it commits itself towards international conventions on safety in its waters. The formation of the board according to Shipping & Maritime Affairs Principal Secretary (PS) Nancy Karigithu is to make sure that all safety precautions
News
Rich Kenyans will have to dig deeper into their already full pockets for Sh90 million in approved investment ventures that will create jobs in United States' upcountry townships in order to be considered for permanent residency visas. The investment threshold for EB-5 visas was Sh50 million but after a
News
Managers of Kiru Tea Factory in Murang’a County has accused the Kenya Tea Development Agency (KTDA) of illegally transacting business with the factory without a legitimate management contract with the growers. Lawyer Chege Kirundi, who is the chairman of one faction of the management, claimed the contract between them
News
Kenya's population has expanded by nine million in the last 10 years, provisional 2019 census data released today (Monday) show. There are 47,564,296 million people in the country compared to 38.6 million in 2010. The figures show that there are slightly more women at 24,
News
The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies their use by criminals. Social networking giant Facebook is keen to get in on the act by launching a digital currency called Libra. But US Treasury Secretary Steven Mnuchin has