The burden of beauty: Wigs, false beards and eyebrows hit with 5pc tax

Nairobi, May 4 -- Millions of consumers of beauty products such as wigs and false beards and eyebrows in the country could pay more for the items if the proposal to introduce a five percent excise dut... Read More

Businesses to tap up to Sh400,000 Fuliza loans

Nairobi, May 4 -- Businesses can now tap up to Sh400,000 Fuliza overdraft service, easing access to the facility previously restricted to individuals seeking to complete payments when they have insuff... Read More

KCB spends Sh25bn on DRC bank buy

Nairobi, May 4 -- KCB Group paid Sh25.1 billion to acquire an 85 percent stake in DRC lender, Trust Merchant Bank (TMB), in a deal that has given it a foothold in the vast mineral-endowed central Afri... Read More

I&M Bank unsecured loan limit up to Sh10m

Nairobi, May 4 -- I&M Bank salaried customers will now tap up to Sh10 million in personal loans without requiring collateral after the lender doubled the limit from Sh5 million. The lender on Wednesd... Read More

Formal jobs recover past pre-Covid-19 levels

Nairobi, May 4 -- The formal sector last year added 109,300 jobs to take the number of salaried workers past the levels seen before Covid-19, pointing to the continued recovery of sectors such as hosp... Read More

How draft NHIF rules will shake up contributions

Nairobi, May 3 -- What are the proposed National Health Insurance Fund Regulations, 2023 about? The draft regulations are meant to facilitate implementation of the changes that were introduced last y... Read More

Kakuzi stock rebounds to hit 10-month high at bourse

Nairobi, May 3 -- Agriculture stock Kakuzi has rebounded by 76.9 per cent over the past four weeks to lift the share price to levels last seen 10 months ago. The share has been on an upward trend, al... Read More

Chronic disease patients to get unlimited NHIF cover in new plan

Nairobi, May 3 -- Patients with chronic diseases such as cancer and kidney failure will receive unlimited National Health Insurance Fund (NHIF) cover under the proposed revised rules that will increas... Read More

StanChart cuts jobs for eighth straight year on automation

Nairobi, May 2 -- Standard Chartered Bank Kenya last year spent Sh209.96 million on redundancies, marking the eighth straight year of trimming its workforce amid an increased switch to digital banking... Read More

NCBA picks new rate for foreign currency loans

Nairobi, May 1 -- NCBA has picked the secured overnight financing rate (SOFR) as the new reference rate for pricing foreign currency-denominated loans as it moves to replace the US six-month London In... Read More