Write-offs and recovery efforts shrink bad debts

Nairobi, June 10 -- The ratio of loan defaults to total lending in the banking sector shrunk to a two year low of 15.3 percent in May from 17.5 percent a year ago following write-offs of bad debt and ... Read More

Investors press for higher interest rates to lend to government in bonds market

Nairobi, June 10 -- Bond investors have for the first time in eight months demanded an interest rate above 14 percent to lend to government in the bonds market, as high inflation erodes returns in the... Read More

Why it helps to think in models, not facts

Nairobi, June 10 -- "Until you make the unconscious conscious, it will direct your life and you will call it fate"- Carl Jung, the Swiss founder of analytical psychology. Ever find yourself upset wit... Read More

Court rules State debts, economic shocks no excuse for unpaid workers' dues

Nairobi, June 10 -- A court has ruled that government debts and Covid-19-era cash-flow problems do not absolve employers of their obligation to pay workers, ordering a local engineering firm to settle... Read More

Jameson whisky supplier wins Sh29m relief on KRA delays

Nairobi, June 10 -- The High Court has ordered the Kenya Revenue Authority (KRA) to pay Sh29.4 million in tax refunds to Pernod Ricard Kenya after finding that the taxman failed to determine the compa... Read More

Tough Finance Bill lessons from 2024 and plan to fund Sh4.8trn budget

Nairobi, June 10 -- The National Treasury has refrained from introducing higher taxes to fund this year's Sh4.845 trillion budget, as lessons from the controversial Finance Bill 2024, which triggered ... Read More

Solving short-term power supply challenges

Nairobi, June 10 -- Over the last decade, few locally situated power stations have been onboarded in Kenya. There have been multiple moratoria and investigations on power procurement. Successive gove... Read More

How a Kenyan entrepreneur turned ice cubes into a six-figure monthly business

Nairobi, June 10 -- Many people drop a few ice cubes into their favourite drink without giving much thought to how they are manufactured. Yet behind the ice cubes used in cooling whiskies or juice are... Read More

Fallouts from Middle East crisis limit CBK fiscal policy options

Nairobi, June 10 -- Uncertainty over the ongoing US-Israel war with Iran placed the Central Bank of Kenya (CBK) policy maneuvers on ice, with the apex bank keeping its benchmark rate unchanged at 8.75... Read More

The pain of a Sh1.1trn budget funding hole

Nairobi, June 10 -- Kenya is heading into a new financial year from next month with a budget deficit of Sh1.1 trillion, exposing the persistent gap between what the government collects in revenue and ... Read More

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