BUSINESS NEWS
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Jomo Kenyatta International Airport (JKIA) is set to undergo a substantial expansion including the addition of a new terminal designed to accommodate an impressive 20 million travelers annually.
This development marks a significant milestone in Kenya's aviation sector and promises far-reaching…
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On February 21, 2024, Nakuru County initiated the budgeting process for the forthcoming financial year and awarded a contract to Taigon Enterprises Ltd for the renovation of their headquarters.
Reports indicate that Taigon Enterprises could have received Sh950,000 for the job, however, this plan…
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Family Bank Board of Directors has announced the death of their recently chosen chairperson, Francis Gitau Mungai.
Mungai's association with Family Bank dates back to 1996 when he first supported the bank as a loyal customer and a professional architect. Mungai initially served as the vice chairman…
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President William Ruto's administration has demonstrated responsiveness to public sentiment by revising several contentious tax proposals outlined in the initial Finance Bill 2024.
The revisions announced at State House Nairobi signify a victory for various stakeholders, including bread consumers,…
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The Kenyan Shilling has earned accolades as the region's top-performing currency.
This financial resurgence follows a remarkable 15-month growth streak that has seen the Shilling ascend to historic levels against the US Dollar, a feat widely acclaimed by esteemed institutions such as Business…
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The proposed Finance Bill, 2024, aimed at amending tax laws and revenue-raising measures has ignited a firestorm of public discontent in Kenya.
As the nation's legislators prepare to deliberate the bill's fate, a resounding chorus of disapproval has erupted, with citizens voicing their concerns…
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The Kenyan National Treasury has abolished the Sh100,000 cap on annual motor vehicle tax in a significant policy shift aimed at expanding the tax base.
The announcement was made by Treasury Cabinet Secretary Prof Njuguna Ndung'u during the budget presentation for the 2024/25 financial year, marking…
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President William Ruto's administration has unveiled an ambitious initiative to reshape state agencies by divesting government ownership in various companies.
This strategic plan involves selling shares in six key institutions, signalling a shift towards fiscal responsibility and sustainable growth…
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The recent directives from President William Ruto regarding the height restrictions for high-rise buildings in Eastleigh, Nairobi, have sparked confusion and raised concerns among developers in the area.
The contradictory statements from the president have cast doubt on the transparency and…
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The once-dormant Kisumu Port on the shores of Lake Victoria is set to experience a renaissance, thanks to the visionary Kisumu Port Resilient Infrastructure Project spearheaded by the Kenya Ports Authority (KPA).
This ambitious initiative aims to transform the port into a vibrant hub for both…