KRA flags betting millions paid in cash

Nairobi, March 29 -- The Kenya Revenue Authority (KRA) is paying close attention to huge cash payments by betting firms, which points to a possibility of tax evasion and money laundering in this cash-... Read More

Kenya's middle class now sitting target for tax raids

Nairobi, March 29 -- Kenya's fledgling middle class is increasingly bearing the brunt of the high cost of living, which has been aggravated by various State policies that have pushed up prices of powe... Read More

Betting firms inflating sponsorships to avoid taxes

Nairobi, March 28 -- Betting firms have been flagged for inflating costs of sponsorships and community projects to reduce their tax burden, denying the country millions in corporate taxes. The Kenya ... Read More

Co-operative Bank launches novel 15-year affordable mortgages plan

Nairobi, March 28 -- The Co-operative Bank has launched a 15-year mortgage loan as the lender eyes the State-backed affordable housing market. The home loan -which is being de-risked by the Kenya Mor... Read More

Co-operative Bank targets affordable housing with 15-year mortgage

Nairobi, March 28 -- The Co-operative Bank has launched a 15-year mortgage loan as the lender eyes the State-backed affordable housing market. The home loan -which is being de-risked by the Kenya Mor... Read More

Tough test for business as protests enter second week

Nairobi, March 27 -- Businesses remain between a rock and a hard place as protests called by former Prime Minister Raila Odinga enter the second week. The business community is bracing for another da... Read More

David Ndii's economic team gets Sh204 million to set up

Nairobi, March 27 -- President William Ruto's team of economic advisers has been allocated Sh204 million to buy cars, furniture and pay rent, the latest budgetary changes show. This compares to the S... Read More

Gulf Bank profit rises by 25pc to Sh555m

Nairobi, March 23 -- Gulf African Bank's net profits for the financial year ending December 2022 rose by a quarter to Sh555.1 million on the back of increased income and slower growth in expenses. Th... Read More

President Ruto backs push to sell parastatals without MPs' approval

Nairobi, March 22 -- President William Ruto has backed a push to sell parastatals without the approval of Parliament, in a law change that will give the Treasury unchecked powers in the privatisation ... Read More

Ruto, Rigathi, Mudavadi get Sh802m for new cars

Nairobi, March 21 -- The budget allocation for the purchase of new cars for Kenya's top three government offices has shot up eight times in the latest changes to the spending plan that also benefited ... Read More

• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• »