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Lower import volumes push mitumba prices to new highs

Nairobi, Sept. 14 -- The average price of a tonne of second-hand clothing items imported into the country crossed the Sh100,000 mark for the first time last year on reduced volumes in the wake of safe... Read More


Private sector salaries' growth at 10-year low

Nairobi, Sept. 13 -- The average earnings for workers in the private sector grew at the slowest pace in a decade last year as pandemic-hit firms moved to slash salaries and adopt unpaid leave policies... Read More


Salaried jobs drop for first time in 20 years

Nairobi, Sept. 10 -- The number of formal jobs in Kenya last year contracted for the first time in two decades, reflecting the struggles of the economy that also shrank for the first time since 1992 o... Read More


Corporate taxes exceed goal by Sh22.69 billion

Nairobi, Sept. 9 -- Tax revenue from company earnings surpassed the Treasury's revised targets by 7.37 percent in the year ended June, buoyed by economic recovery in the second half and inflows from h... Read More


Kenya blames 'rogue traders' for EAC trade rows

Nairobi, Sept. 8 -- Kenya has blamed persistent trade disputes among member states of the East African Community (EAC) on incidents of dishonest traders breaking the rules of cross-border commerce. A... Read More


Tax revenue from land, house deals up 14.25pc

Nairobi, Sept. 8 -- Tax collected from the transfer of property rose 14.25 percent in the year to June, latest reports by the Treasury show, lifted by new regulations that allowed private practitioner... Read More


Kenya blames 'rogue traders' for EAC trade rows

Nairobi, Sept. 7 -- Kenya has blamed persistent trade disputes among member states of the East African Community (EAC) on incidents of dishonest traders breaking the rules of cross-border commerce. A... Read More


Shilling at 7-month low on depressed tourism inflows

Nairobi, Sept. 3 -- The shilling has depreciated to a seven-month low against the US dollar, partly hurt by depressed inflows from tourism and tea amid a recovering economy which has pushed up demand ... Read More


Laikipia sees 12pc price for Sh1.16bn bond plan

Nairobi, Sept. 2 -- Laikipia County projects its inaugural Sh1.16 billion infrastructure bond will offer investors a return of between eight and 12 percent when it's floated in market subject to appro... Read More


Shisha pipes, sex toys, drones clog JKIA customs store

Nairobi, Sept. 1 -- Large consignments of restricted items, including drones and shisha pipes, have clogged customs warehouses at Jomo Kenyatta International Airport (JKIA) as importers delay collecti... Read More