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Latest Business news in Kenya and political news from Kenya

Govt to Help Pay Mobile Loans for Defaulting SMEs

In the event of default of the loan the Treasury will cover 25 percent of the credit.

Crackdown: Police Take on ‘Lawless’ Boda Boda Industry

Members of the public were urged to report any accidents or security-related incidents involving boda boda riders to the nearest police station.

Kenyan Avocados a Big Hit in China – Meet the Farmers...

China had initially put up tough requirements for Kenyan firms seeking to export avocados and required Kenya to only export the frozen crop. In March, however, China changed its stance and allowed Kenya to export fresh avocados.

NACHU Project to Provide Housing for Low and Middle Income Earners

Through various housing programs and plans by NACHU, individuals and groups can acquire loans and saving plans. The National Union whose project manager is Finsco Africa aims at enabling Kenyans in the informal sector across counties to be homeowners without digging too deep into their pockets.

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.

KRA Collects Ksh2 Trillion in Record-Breaking Annual Performance

Mburu expressed confidence that KRA would post an even stronger performance in the next financial year.

How Ex-Team Kenya Star Bagged Ksh30M Shining for Kazakhstan

Support for athletes switching allegiance to these countries may also include opportunities for education and employment in addition to bonuses, performance-based rewards and immigration privileges.

Gas Firms Get 5-Year Greenlight to Exchange Cylinders

“It is notified for general information that the Authority has granted an exemption with respect to exclusive dealing among the members of the Association for a period of five years,’’ CAK stated.

MKU Scores Win in Court Over Ksh511M Dispute

The university appealed a 2011 ruling that found it liable to pay Ksh511 million to Step Up Holdings. The dispute stemmed from Step Up's claim that it incurred major losses after MKU's Kericho Campus was shut down soon after they had entered a verbal agreement with the university to run it.

Matiang’i Declares One Last Holiday as Kenyans Go to Vote

As part of their plans for the economy, both leading Presidential candidates have promised to tackle the high cost of living as a matter of priority. Consumer inflation rose to 8.3% year-on-year in July, up from 7.9% a month earlier.