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BUSINESS

This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

What Safaricom Would Look Like Broken Up as MPs Push to...

The bill seeks to amend Section 25 of the Kenya Information and Communications Act to require anyone operating a telecommunications service to “obtain the relevant licences from the respective regulators of any industry ventured into.”

Moi Men Take on The Govt in Battle for Kenya Seed...

Led by former CEO Nathaniel Tum, the private shareholders have summoned an annual shareholder meeting. They plan to appoint new directors and a new Chief Executive, and to declare dividends for the past six years. The government has insisted that the firm is a parastatal majority owned by the government, while private shareholders lay claim to 60% stake in the firm.

Mobile Loans: New Bill Changes Lenders’ Playbook

The ease of sending and receiving funds via mobile money in Kenya, as well as the country's relatively high internet penetration rate have contributed to their rise. These factors, combined with Kenya's youth unemployment rate (39% according to 2019 Census data) has created a monster that has left financial services regulators scratching their heads.

PayPal Nightmare Experiences Leave Kenyan Writers, Online Freelancers Broke & Distressed

Numerous Kenyan freelancers have been left frustrated and distressed thanks to their experiences with the service. With payments withheld and some losing their accounts in questionable circumstances, more of them are searching for alternatives.

10,000 Kenyan Bartenders to Receive World Class Training at New Diageo...

With bars' operating hours in Kenya restricted due to Covid-19 restrictions, many bartenders have been engaged in other activities even as others grapple with unemployment and wage cuts. It is expected that the program will offer them an opportunity to use the time on their hands to upgrade their skills to world-class standards, placing them in a good position to bounce back from the shocks of the pandemic.

Tea Prices Drop as High Volumes Persist

A global oversupply of the beverage coupled with market disruptions from the Covid-19 pandemic has seen prices continue on a downward trend for a third consecutive year.

KRA’s Voluntary Tax Disclosure Program to Improve Revenue Collection

The VDTP provides a platform for a taxpayer to disclose tax liabilities that were previously undisclosed to the Commissioner for the purpose of being granted relief of penalties and interest arising from the tax disclosed.

Betty Kyallo Returns to KTN in Long-Awaited TV Comeback, Turns Down...

In rejoining Standard, Kyallo is making a return to KTN, the station she quit for Mediamax-owned K24 in 2018. She left Mediamax in mid-2020 as the management engaged employees in a publicized, protracted battle over wage cuts due to the Covid-19 pandemic.

Nation Media Group Moves to Buy Back 10% of Its Shares

From highs of Ksh307.27 in April 2013, Nation has seen its share price fall to Ksh13.40 as of Wednesday, February 24. The firm's earnings have declined 27.8% per year over the past five years

Why Kenyans Are Snapping Up Centum’s Cascadia Apartments

Centum Chief Executive James Mworia asserted that the firm was keen on complimenting President Uhuru Kenyatta's affordable housing agenda. The Cascadia development includes one, two, and three bed roomed apartments, duplexes and town houses totaling 450 units, in 17 floors.