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Banks escape 20pc KRA tax on overdue loan interest

Nairobi, Oct. 7 -- Banks have secured relief from a tax claim on interest earned from borrowers who delay loan repayments after the Tax Appeals Tribunal ruled that default interest is not subject to e... Read More


Road construction dips by 62 percent in four years

Nairobi, Oct. 7 -- The government has cut the pace of construction of new roads by 62 percent over the past four years of the current administration, official data shows, with the length tarmacked sta... Read More


Employment boom for Kenya's petroleum sector

Nairobi, Oct. 7 -- Firms in the South Lokichar oil project are seeking to hire 68 employees including engineers and other professionals signalling an employment boom in the country's petroleum sector ... Read More


Hiring boom for Kenya's petroleum sector

Nairobi, Oct. 7 -- Firms in the South Lokichar oil project are seeking to hire 68 employees including engineers and other professionals signalling an employment boom in the country's petroleum sector ... Read More


Kenya trails Rwanda in tax and revenue mobilisation

Nairobi, Oct. 7 -- Kenya ranks behind Rwanda in tax and revenue mobilisation, highlighting the country's challenges in expanding its domestic revenue base amid persistent collection shortfalls. A new... Read More


Quickmart founders free to sell 800m shares after IPO

Nairobi, Oct. 7 -- The anchor shareholders of Quickmart can sell up to 800 million shares or 40 percent of their remaining stake without restriction, following the retailer's initial public offering (... Read More


Why leaving work on time is hurting your career

Nairobi, Oct. 6 -- Leaving the office on time may seem like a straightforward part of the workday, but in some workplaces, employees who consistently pack up at the official closing hour risk being se... Read More


CMA okays Dangote refinery Kenya share sale after delay

Nairobi, Oct. 6 -- The Capital Markets Authority (CMA) has finally approved the sale of ongoing Dangote Petroleum Refinery shares via the Nairobi bourse using a special financial instrument. The appr... Read More


Starlink sales freeze enters fourth month in Kenya

Nairobi, Oct. 6 -- New customer sign-ups by satellite Internet firm Starlink remain suspended for the third month in eight counties in Kenya due to capacity constraints, even as its enrolled user base... Read More


When a CEO is still on the payroll but locked out of office, court weighs in

Nairobi, Oct. 6 -- Chief executives are sometimes pushed out long before their contracts formally expire. Boards may strip them of responsibilities, cut off access to company systems or place them on ... Read More