With third-party agents and platforms out of the picture, all customers will only henceforth be able to either pay their bills or purchase tokens via official Kenya Power payment channels only. [Photo/ Facebook]

Kenya Power Shuts Down Token Agents, Unauthorized Paybills

The notice is set to affect several businesses which had emerged as vendors of prepaid electricity tokens. They include digital companies which Kenya...

MARTIN SIELE1 Mins read

Nairobi Governor Johnson Sakaja and his deputy Njoroge Muchiri when they addressed county workers at City Hall on August 29, 2022. [Photo/ @SakajaJohnson]

BUSINESS ECONOMY

Blunder or Masterstroke? Sakaja Dumps KRA for ‘Kanjo’ Revenue Collection

KRA took charge of the county's revenue collection soon after the national government through the Nairobi Metropolitan Services (NMS) took over a number...

MARTIN SIELE2 Mins read

HELB disburses over Ksh15 billion to over 200,000 beneficiaries annually. [Photo/ HELB]

BUSINESS ECONOMY

Expensive HELB Interest, Fines Outlawed – Court Ruling Explained

Justice Mabeya's decision means that Helb will no longer be allowed to charge beneficiaries interest amounts, penalties or fines that exceed the principal...

MARTIN SIELE1 Mins read

Equity Group CEO James Mwangi noted that the company was shifting focus to expansion from mitigation of the impact of Covid-19. [Photo/ Equity Bank Kenya]

BUSINESS ECONOMY MARKETS

Equity Mints Ksh23.7 Billion Profit in Six Months

The growth was attributed primarily to the significant increase in income. Equity saw its operating income rise 26.4% to hit Ksh65.6 billion for...

MARTIN SIELE1 Mins read

Examples of digital loan services are Safaricom's M-Shwari and KCB M-Pesa, as well as loan apps such as Tala (pictured), Branch and Zenka. [Photo/ JITIMU]

BUSINESS ECONOMY

Loan Apps in Kenya Fight New 20% Tax

The Digital Finance Services Association of Kenya wants the implementation of the Excise Duty Act as amended by the Finance Act 2022 suspended...

MARTIN SIELE2 Mins read

Newly-elected Nairobi Governor Johnson Sakaja (R) with NMS Director-General Lt. Mohammed Badi at a past event. [Photo/ Twitter]

BUSINESS ECONOMY

End of the NMS Era as Sakaja Takes Over City Hall

The four core functions of the county which the NMS took over are health services, transport services, physical planning and development and public...

MARTIN SIELE1 Mins read