Kenya Airways defaulted on interest for a Sh25 billion loan owed to the government in the…
Category: Business
S&P downgrade indicates Russia headed for historic default
BOSTON (AP) — The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s…
Ukur Yatani’s tax dispute cash deposit plan stirs storm
Tax experts have faulted a proposal by the National Treasury that firms and individuals fighting Kenya…
World Bank firm to finalise Equity deal
The World Bank’s private-sector lending arm, International Finance Corporation (IFC), will this month conclude the purchase…
Afreximbank opens Sh460bn loan to aid Africa against Russian war
Kenya will be able to tap a newly created $4 billion (Sh460 billion) fund by the…
Elon Musk overtakes Jeff Bezos as richest man globally with Ksh. 25.3 trillion net worth
Elon Musk’s net worth hit Ksh. 25.3 trillion ($216 billion) to become world’s richest man according…
Airtel, Telkom blocked from M-Pesa paybill, given till access
Airtel and Telkom users will not access Safaricom’s pay-bill platform after Friday’s launch of seamless transfer…
Government sanctions advertising of betting, alcohol products
Treasury Cabinet Secretary Ukur Yatani has proposed a 15 percent excise duty on alcohol, gaming, and…
Yatani targets beer, juice, water with higher taxes
Kenyans are set to be hit with higher prices of beer, cigarettes, fruit juice and bottled…
KQ to sack workers, cut fleet in Yatani budget plan
Kenya Airways to sack workers, cut fleet, frequencies, network in budget restructuring plans. National carrier Kenya…