Middle Class Shuns Premium Brands Amid Soaring Inflation
Kenya's affluent households are increasingly abandoning premium brands across various products due to the soaring cost of living. A survey conducted by...
Equity Group Holdings Reports Kshs. 26.3B Profit in 2023 H1 Results
In summary:
Growth In Assets Of 23% To Reach Kshs.1.645 trillion.
Net Loans Register...
Kenya targets Chinese imports in new tax evasion crackdown
Chinese imports are set for tighter scrutiny as President William Ruto’s government intensifies a purge on entities and individuals who undervalue products...
Uganda’s private sector now shows strongest growth since 2016
Activity in Uganda's private sector recorded its strongest growth in October since the start of a monthly survey of 400 purchasing executives, supported by...
Kenyan firms on the spot for sharing customer data
More than a fifth of Kenyan companies shared customers’ financial and personal information without the client’s consent in breach of data protection...
Safaricom fined for declining to hire blind man
Safaricom has been ordered to pay a blind man Sh6 million as compensation for failing to hire him as customer care executive on...
Kenya spends Sh1.7bn to secure foreign loans
The Controller of Budget (COB) has flagged Treasury for Sh1.657 billion paid to secure future borrowing, saying the loans should be cancelled...
Nairobi Expressway vandalism cost Sh500m- Murkomen
Transport Cabinet Secretary Kipchumba Murkomen has stated that the Nairobi Expressway incurred damages worth Sh500 million due to vandalism during Wednesday's anti-government...
New payslip pain for workers as Treasury plans tax relief axe
The Treasury is contemplating eliminating tax reliefs on pay-as-you-earn (PAYE) taxes, which could lead to smaller payslips for salaried employees. This proposal...
Why cooking gas will cost more
A persistent surge in the global prices of cooking gas points to more inflationary pain for Kenyan households already grappling with higher...
