BUSINESS NEWS
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Kenyans have been warned against investing their hard-earned money in Ponzi-like investment schemes.
The Central Bank of Kenya together with the Sacco Societies Regulatory Authority (SASRA) say investors in lured into such unlicensed schemes with promises of huge and quick returns end up losing…
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Nairobi tycoon Mr. Gerald Gikonyo was on Thursday honored with Keys to the City by Nairobi Governor Evans Kidero.
Mr. Gikonyo, 104 years old, is a pioneering businessman in Nairobi and co-founder of Rwathia Group of Companies, which owns a conglomerate of about tens of businesses in downtown…
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The Kenya Revenue Authority (KRA) has opened an amnesty period to Kenyans holding assets abroad and those who have income abroad to declare the them by one 30th, 2018 and file tax returns for the year ending 2016 and prior years.
Those holding offshore bank accounts will need to declared the funds…
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All Kenyan citizens 70 years and older will receive a monthly stipend as well free medical insurance from the government starting in January, 2018, Treasury Cabinet Secretary announced on Thursday.
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Rotich said the…
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The government has intervened to stem the rising prices of maize flour in Kenya by removing Value Added Tax (VAT) and duty free importation of maize for the next four months. The VAT exemption was also applied to bread for the same period of time.
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Facebook has launched low-cost internet service in Kenya. The US-based tech giant, through local partner Surf Kenya, plans to unveil the Express Wi-Fi service nationwide in the next few months.
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The service, with speeds…
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Dr Patrick Njoroge, the Governor of the Central Bank of Kenya (CBK) was named the African Central Bank Governor of the Year at the 10th African Banker Awards.
Njoroge was lauded for cleaning up the country’s banking sector through improved supervision.
The CBK Governor emerged top for his integrity…