Billions of money that have been collected under the affordable housing tax have been invested in Treasury Bills (T-Bills). According to the Affordable Housing Board acting chief executive officer Sheila Waweru, some Sh. 46 billion collected from this tax...
US President Donald Trump has announced a fresh set of tariffs targeting all steel and aluminium imports. The US president ordered that all steel and aluminium imports be subjected to a 25 per cent import tax.
This is a big...
The Co-operative Bank of Kenya has announced a cut in its base lending rate. The bank has announced that effective immediately, its base lending rate has been slashed from 16.5 per cent to 14.5 per cent.
The bank becomes the...
The Diamond Trust Bank is repossessing 20 Ashok trucks from a contractor who defaulted a Sh. 58 million loan that has ballooned to Sh. 101 million. This is after the High Court made a ruling in favour of the...
Heavy commercial vehicles will be compelled to only use the Nairobi–Mombasa Usahihi Expressway.
This has been established following revelations that the tolls expressway whose construction is expected to kick off in late 2025 shall rely on heavy commercial vehicles for...
US President Donald Trump has signed an executive order freezing financial aid to South Africa over a new controversial land law and the country's case against Israel.
Trump, in the order, claimed that the new law that was signed by...
Detectives are scrambling to solve the gruesome murder of a patient who was slaughtered inside the Kenyatta National Hospital.
The patient who has been identified as Gilbert Kinyua was found dead in his KNH hospital bed inside Ward 7B at...
Trucks and buses body builder LSHS has been placed under administration over a Sh. 1.1 billion loan it owes the KCB Group. Bus and trucks body building firm whose full label is Labh Singh Harnam Singh Limited (LSHS) was...
The Kenya Revenue Authority (KRA) is now planning to start blocking the bank accounts and pin numbers of workers in the informal jua kali sector over the government's controversial housing tax.
The KRA claims that jua kali workers have not...
Safaricom Ethiopia has marked a fresh milestone with over ten million customers. In the twelve months to December 2024, Safaricom Ethiopia's M-Pesa customers increased from 3.1 million to 10.8 million.
The telecommunications firm says that this growth in its customer...
