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Leveraging a stable regulatory environment to attract FDI

Stemming from last week’s article, on the impact that public trust in taxation authorities has on revenue collections, this articles focuses on the importance of a stable and predictable regulatory environment. We specifically focus on taxation, in relation to attracting foreign direct investment (FDI). As is evident from the...

Kenya airways denies claims on the sacking of finance boss

Kenya Airways has denied claims it has suspended its Chief Financial Officer, in the latest twist of events at the airline that is being investigated by the Directorate of Criminal Investigations. "To be clear, no one has been sacked. Not even the CFO (chief financial officer)," Kenya Airways Chairman...

Shilling sinks to Sh104.78 against the US dollar

Excess liquidity in the local market continues to weigh down the shilling, with Google Currency tracker mapping it at 104.78 at 8.30am, a new five- year low. The new exchange rate has surpassed the lowest level of Sh104.50 recorded on October 2, 2015. On Tuesday, the shilling closed the day...

Tanzania plans to extend its gas pipeline network

Tanzania said on Monday it planned to construct a 30-km pipeline to extend the country’s natural gas supply network from the capital Dar es Salaam to the nearby town of Bagamoyo to provide cheaper energy for factories and households there. The country has been eager to expand supplies of...

Equity Bank joins club to promote SME finance

Equity Bank has joined a global finance forum that promotes knowledge sharing to promote the growth of small and medium enterprises. The network brings together 160 financial institutions, technology companies and development finance institutions to spur innovation among SMEs "We are proud to have Equity Bank join our network of more...

CBK puts banks on alert over currency change

Central Bank of Kenya wants commercial banks to be extra vigilant to prevent depositing of illicit finances ahead of old Sh1000 end-use on September 30. In a circular by the CBK’s Banking Supervision Department on Friday, the regulator warned that it would take action against any commercial bank that...

Online banking still a reserve for the rich – survey

Low-income earners prefer use of mobile money applications over online banking, a new consumer behaviour survey has shown. Deloitte’s Global Mobile Consumer Survey on the Kenyan market show only 30 per cent of people with income below Sh20,000 use online banking app,  while 47 per cent in the Sh20,001...

Saudi oil crisis to hit Kenya

Kenya are stare at high fuel prices in the short-term to December as the world comes to terms with the Saturday attack on key oil installations in Saudi Arabia. The drone attack on Saudi's two major oil facilities is reported to have knocked out five per cent of the...

South Africa's August business confidence 'lowest in years'

The South African Chamber of Commerce and Industry’s monthly business confidence index (BCI) fell to 89.1 in August from 92.0 in July, the lowest level since the inception of the index in April 1985 when the measure was at 88.1, the business body said. “We’re not talking about the...

Kenya among countries facing imminent economic collapse- UN

Kenya is among 40 commodity-dependent counties in the world most vulnerable to climate change, the United Nation’s Commodity and Development Report 2019 has revealed. According to the report, Kenya received a climate change vulnerability score of slightly above 0.5 not far from Somalia, which is ranked as the highly...

Kenya among countries facing eminent economic collapse – UN

Kenya is among 40 commodity-dependent counties in the world most vulnerable to climate change, the United Nation’s Commodity and Development Report 2019 has revealed. According to the report, Kenya received a climate change vulnerability score of slightly above 0.5 not far from Somalia, which is ranked as the highly...

Sun Africa eyes travelers with new Sh1 billion Nairobi …

Sun Africa Group of Hotels is now targeting business and leisure travelers to Nairobi with a US$10 million (about Sh1.04 billion) new apartments development in the capital. This is in the wake of growing demand for high-end accommodation by tourists, multi-nationals, corporations and business persons visiting Nairobi, which has...

Kenyans to feel the pinch after fuel price increase

Nairobians will have to dig deeper into their pockets after the Energy and Petroleum Regulatory Authority introduced an increase in fuel prices in its latest review. EPRA on Saturday announced Super petrol and Diesel prices will increase by Sh0.28 per litre and Sh2.44 per litre respectively starting midnight today...

Workers sinking further into povery in Africa – UN report

Kenya is among developing countries in Africa where more than a third of employed people are extremely poor, the Sustainable Development Goals Report 2019 has revealed. According to the annual report, substandard working conditions are the main issue; underscoring the central role that decent and productive employment plays in...

Treasury to introduce a risk policy for fiancial markets

The National Treasury is formulating a new policy that will help mitigate risks occasioned by a downturn in the financial markets. The micro-prudential banking policy will cushion banking, insurance,  pension schemes and capital markets by safeguarding capital and liquidity adequacy. The policy is expected to be ready by the end of 2019/2020...

KRA seizes guinea fowl and butterfly trophies from Tanzania

Dried butterflies and vulterine guinea fowl feathers seized at the Kenya-Tanzania border of Lunga Lunga on September 12/Courtesy

Third sale of M-Akiba attracts 53% of investment

The National Treasury, the Central Depository and Settlement Corporation (CDSC) and the Nairobi Securities Exchange (NSE) has announced to have received Sh263.6 million. This represents 52.7 per cent performance against a target of Sh500 million for the re-opened three M-Akiba 2 bond Issue MAB/2/2017/03. The third tranche of the government's retail...

State embarks on austerity measures

  Kenya will cut unnecessary expenditure including trips abroad by government officials in an effort to rein in a gaping fiscal deficit, the acting finance minister said on Thursday. The budget deficit for the 2019/20 fiscal year (July-June) has been set at 5.6% of gross domestic product, down from 7.7%...

KPA cancels inflated tenders worth Sh19bn

KPA cancels inflated tenders worth Sh19bn

Kenya ranks 59 in Change Readiness survey – KPMG

Kenya has been ranked at position 59 globally in the new 2019 Change Readiness Index (CRI) report. In Africa, it takes the third position after Mauritius which  tops in the continent  and takes position 34 globally and Namibia which is second and ranked 43 globally. The report by global audit...

Mugabe's body in Zimbabwe, burial place a mystery

The body of Zimbabwe's founder Robert Mugabe arrived at the country's main airport on Wednesday, but his final resting place remained a source of mystery amid a dispute between some family members and the government. Mugabe, one of the last "Big Men" of African politics who ruled the southern...

Grannies, don’t be left out on old notes deadline –CBK

Remind your mothers and grandmothers on the old notes deadline, CBK governor Patrick Njoroge has warned. “Our mothers and grandmothers are epic savers. They may have some money around their homes,” he said on Wednesday via Twitter. “Please check on them and remind them of the deadline of September...

Investors must prepare for Japanification of developed world

In July, financial markets received a stark foreshadowing of the future. Germany’s 10-year bond yield dipped below the European Central Bank’s deposit rate for the first time. The spectre of Japanification has taken its grip on Europe and investors need a mindset change.   By drawing from lessons of the past and...

Blame game as KQ, pilots accuse each other over woes

Kenya Airways management and its pilots have opened a fresh war on the airline's operations with each party blaming the other for continued losses. Pilots yesterday blamed poor management at the airline for losses that have piled to  Sh8.56 billion net for the for half-year of 2019. The loss is...

Money not main employee motivator

As business develops in Africa, many of us are reconsidering the ways in which organisations should be structured and run. As a rule, enterprises that achieve growth beyond the SME level look to copy historical models from overseas. These models originated in the British Industrial Revolution of the 1700s...

CBA defends tax waived on merger with NIC

Commercial Bank of Africa chief executive Jeremy Ngunze has defended the tax exemption of share transfer tax, citing the nature of the transaction. “I don't want to comment on the matter that is in court but it is not like we are buying but combining businesses of equally same...

CMA to set up trading platform for struggling firms

The Capital Markets Authority has said it will establish a recovery board to list troubled firms. “In order to enhance investor protection, authority and the Nairobi Securities Exchange are jointly proposing the establishment of a recovery board at the exchange on which securities of an issuer who is technically...

KQ will still make losses even if we flew for free- pilots

Kenya Airways pilots have lashed out at the airline's management blaming them for the massive losses the airline has experienced over the past few years. The Kenya Airlines Pilots Association (Kalpa) on Tuesday said KQ would still have reported losses even if pilots gave their services for free. KQ management...

JKIA ,SGR slowing down tourism – stakeholders

Poor traffic management at the Jomo Kenyatta International Airport(JKIA) and the Standard Gauge Railway(SGR)cargo services are hurting tourism in Nairobi and Mombasa, according to industry players. The major concern at JKIA is the exit and entry sections for international tourists which are said to be poorly manned. There are 16...

KRA launches probe into bribery ring at ICD

A team of investigators at the Kenya Revenue Authority have launched a probe into graft allegations at the Inland Container Depot in Nairobi. This is after importers complained of being deliberately frustrated by a group of senior KRA officials at the ICD. On Sunday, at least three businessmen told the...
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EACC slaps Kidero with Sh68m claim, orders pay within 14 days

Dr Kidero and his accomplices given 14 days to pay up the money or face possible auction.

Hotpoint shifts to Sh1bn Thika Road complex

Previously, Hotpoint was operating between Westland’s and Industrial Area in Nairobi.

Police Car Rams into Trailer, Kills Three [PHOTOS]

According to reports, the trailer was heading to Uganda at the time of the accident...

Forum aims to empower workers : The Standard

The need to create better working conditions for African workers has dominated a labour conference that is going on in Nairobi.

Nakuru to showcase various attractions on World Tourism Day

All is set for this year’s World Tourism Day celebrations in Nakuru County, with organisers putting the hiking of Menengai caldera in...

Expert Comment: What happens during postmorterm?

A postmortem or autopsy is an examination of a dead body to determine the cause of death or, in some cases, to identify...

Leveraging a stable regulatory environment to attract FDI

Stemming from last week’s article, on the impact that public trust in taxation authorities has on revenue collections, this articles focuses on the...

Maina Kageni talks about racism experience in US

Classic 105 presenter Maina Kageni has talked about his experience with racism at the hands of his former bosses while working abroad. Speaking during...

Credit Risk Analyst Job. Old Mutual

Credit Risk Analyst Jobs, Insurance Jobs, Old Mutual Jobs Key Measurable Goals Management of credit risks through analysis and recommend approvals for facilities...

ICT Officer at Elizabeth Glaser Pediatric AIDS Foundation (EGPAF)

The Elizabeth Glaser Pediatric AIDS Foundation (EGPAF) is a global leader in the fight against pediatric HIV and AIDS, working in 15 countries and...
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