KRA Clarifies Bank Deposit Tax Ruling, Dismisses Claims of Blanket Levy on All Accounts
The Kenya Revenue Authority (KRA) has dismissed widespread social media claims suggesting it now has the mandate to tax all bank deposits whose sources...
COTU Warns Business Laws Bill 2024 Threatens Workers’ Rights in Tech Sector
The Central Organisation of Trade Unions (COTU-K) has raised the alarm over the Business Laws (Amendment) Bill, 2024, warning that the proposed law could...
Safaricom Unveils Tailored Solutions for Ride-Hailing Drivers and Boda Boda Operators
Safaricom today launched Ofa Ya Boda Boda and Bundle Ya Deree, two new propositions designed to empower ride-hailing drivers and boda boda riders with...
CBK Sounds Alarm Over Rising Loan Defaults, SACCO Strains
Kenya’s financial sector is staring at fresh turbulence, with the Central Bank of Kenya (CBK) warning of rising loan defaults among households and growing...
CBK Expands Digital Lending Space with 27 New Licenses, Raising Total to 153
The Central Bank of Kenya (CBK) has approved 27 additional digital credit providers, pushing the total number of licensed lenders in the country to...
Kenya Airways Seeks $500M Capital Boost After Sliding Back to Loss
Kenya Airways is racing to secure at least $500 million (Ksh64.5 billion) in fresh capital by early next year, as it battles a turbulent...