The World Bank has named Senegalese national Makhtar Diop as the new managing director of its private sector arm, the International Finance Corporation effective March 1 2021. He becomes the first Afr...
KENYA Safaricom biggest winner in Sh1.6bn network upgrade Giant telecommunications firm, Safaricom is among five firms that have been awarded a Sh1.57 billion deal to build base transceiver stations t...
Introduction The Virtual Opening of The Africa Business forum was held on the margins of the 34th Ordinary Session of the African Union Assembly Of Heads Of State And Government on 8th February 2021 a...
KENYA Jambo Pay obtains licence to operate MVNO service Online payments company Jambo Pay, owned by Web Tribe, has obtained a licence to operate an MVNO service, and says that its initial services wil...
Taxing businesses on profits as
it has always been means
that loss making entities
comfortably escape the
taxman’s noose. Bear
in mind that the onus of
determining profits or losses
rests on the tax...
KENYA Monetary Policy Committee (MPC) retain the Central Bank Rate (CBR) at 7 % The Monetary Policy Committee (MPC) met on January 27, 2021and assessed the outcomes of its policy measures deploy...
KENYA Banks sucked into Sh24.5bn State stipends row The State Department for Social Protection has failed to account for Sh24.5billion stipends disbursed to the elderly, the disabled and orphans acros...
KENYA Anne Mwenda sworn-in as Nairobi deputy governor Anne Mwenda was on Friday sworn-in as Nairobi County’s third deputy governor following a swift confirmation process by ward representatives ...
KENYA Expiry of Emergency Measures to Facilitate Mobile Money Transactions and the Introduction of Principles to Guide Pricing On December 17, 2020 the Central Bank of Kenya (CBK) after consulting wit...
The Business Laws (Amendment) Bill (No.2), 2020 seeks to make various amendments to various statutes highlighted as follows: Clause 2 of the Bill seeks to amend the Law of Contract Act, Cap 23 t...
KENYA Treasury bonds trade falls as CBK mops up shilling The value of bonds traded in the secondary market at the Nairobi Securities Exchange fell by a fifth in November compared to October, as invest...
KENYA The return of Pre-COVID taxes on VAT and Income Tax The Office of the Cabinet Secretary for Treasury and Planning has released a press statement today stating that the preCOVID tax rates o...