Current Capital Markets Authority (CMA) chairman James Ndegwa has appointed Paul Murithi Muthaura, the former CMA CEO as the chief operating officer (COO) of ICEA Lion Insurance, a firm associated with the former. The post was recently created to accomodate the lawyer, who has been out in the cold without a job since he left […]
Bread and cooking gas price to go up by 14%
BREAD, PESTICIDES AND COOKING GAS TO BE CHARGED VAT Kenyans will be shocked next week when the Tax Laws (Amendment) Bill, 2020 is brought before parliament next week. This is the bill meant to legislate the tax measures that Uhuru announced as his economic response to the COVID 19 fight. While the overall VAT has […]
Is it too late for small businesses? I see an opportunity
By Naftal Nyabuto I have spoken to hundreds of small and medium businesses on what I call ‘the spider economy’ , and ‘loyalty program’ on the subject of business process disruptions for years now. Customer centric solutions are here with us and they are going to Tsunami anybody trying to resist .Unfortunately ,that disruption has […]
BREAKING: Kenya Ports Authority MD Manduku resigns, forced to exit, cartels win
Kenya Ports Authority (KPA) Managing Director Dr Daniel Manduku has resigned barely days after his arrest over an alleged corruption scandal. Manduku, in a letter to Transport Cabinet Secretary James Macharia dated March 26, 2020, said he had come to the decision after deep introspection and lengthy consultations. The embattled MD, while saying the opportunity […]
You can now send Mpesa for free, Safaricom announces, boosting fight against Coronavirus
Safaricom on Monday announced it will waive fees for MPesa transactions below Sh1,000 following the outbreak of Coronavirus. The giant telecommunication firm CEO Michael Joseph said they arrived at the decision after meeting with Central Bank of Kenya Governor Dr. Patrick Njoroge and other industry players to discuss the evolving situation around the COVID-19 (Corona […]
Big win for Governor Ngilu as Government declares Kitui a textile EPZ, mass job opportunities
By Dennis M In yet another milestone for Kitui County, Kitui County EPZ Limited has been gazetted to be situated at Syongila area. The Kitui County EPZ Limited will host Kitui County Textile Centre (KICOTEC) which will now enjoy the coveted EPZ manufacturing status. The gazettement will open a floodgate of opportunities for Governor Charity […]
MPs sing Uhuru’s tune as banks win in interest cap rate
Banks will now be at liberty to set their own interest rates after MPs failed to overturn President Uhuru Kenyatta’s reservations in the Finance Bill, 2019. According to speaker Justin Muturi, the MPs were unable to raise the required quorum to retain interest caps. Only 160 MPs were present out of the required 233 votes […]
Goldenscape merges with Silverstone Property sellers in agribusiness
From farmers to property owners – Here is how. Local agribusiness company Goldenscape has merged with Silverstone Property sellers to enable investors own land in addition to leasing greenhouses. The offer will see investors own land in prime spots in major towns in Kenya by contributing 85 per cent of Sh500,000 capital of the home […]
Safaricom changes look amid early morning heist
Safaricom PLC on Wednesday, October 23, unveiled its new strategy as well as several new products at a colourful event held at the Sarit Centre in Westlands, Nairobi. Marking the 19th year since setting up shop in Kenya, the telco unveiled not only a new data package option but their new strategy moving forward. Firstly, […]
Reverse that unexpected M-pesa or be charged Ksh. 200,000
Failing to reverse an M-Pesa transaction done by mistake will see Kenyans pay a Sh200,000 fine or be jailed for two years, or both. This is according to Computer and Cyber Crimes Act, 2018 which President Uhuru Kenyatta ratified on Wednesday. Section 34 of the Act targets those who intentionally hide or hold electronic messages, […]
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