Kenya Kwanza Government has now decided to chop three percentum of the gross monthly from employees An employee who earns a monthly gross pay of Sh50,000, will lose Sh1,500 at the end of the month of August to the housing levy alone. Government has announced that employees’ August payslips will…
Kenya gets Sh6B to boost Agricultural productivity
Sweden and European Union (EU) roll out Sh5.7bn of donation to Kenya for agricultural support in the 47 counties. The food security program of Sh5.692 billion which is jointly supported by the Kenyan government, the European Union, and SIDA of Sweden would benefit all 47 counties. The Agriculture Sector Development…
Retiree’s Sh200B liabilities giving gov’t sleepless nights
President William Ruto’s administration is yet again going to face another sleepless nights in the next three financial years owing to the pressure of pension’s liabilities This is after, Treasury raised a red flag over the growing huge number of pensioners, alongside debt repayments costs which has made the current…
Mpesa unavailable as KPLC reports electricity purchase hitches
The giant telecommunications firm Safaricom has announced that Mpesa services on its apps are unavailable In a statement on Thursday 27th July, the telecos said that mobile services are down on the mpesa and safaricom apps However, Mpesa services are working as usual on the SIM card tool kit as…
Kenya Kwanza Government Introduces New Taxes
Kenya Kwanza Coalition’s government has lined up a raft of new taxes including road tax, motor vehicle circulation tax, exercise and value added-tax [VAT] measures, as a back up plan for the suspended finance act, 2023 According to details seen by safinews.co.ke on Monday 24th July, President William Ruto is plotting to…
A banker left office job to meant millions in showroom
Meet Mr Daniel Kimuyu, a banker by profession with all requisite papers, he has been in credit management in one of the renown financial institution, but decided to give a trial in second hand vehicle business Today, Kimuyu is regretting why did he leave the job long time ago but…
Petroleum Dealers Avoids Kenya Over Oil Scandals
Kenyans will have to brace for tougher times ahead if the reports emanating over the suspicious bilateral trade agreement between Kenyan Government and Emirates National Oil Cooperation is anything to go by. It has emerged that, Kenyan banks have now grown cold feet over the leaked deal after demand for…
Google handpicks five Kenyan CEOs for funding of Sh560M
In a statement, Google for Startups announced that five Kenyan founders were among the 25 African-based firms picked to benefit from the fund. The Kenyan CEOs are expected to use the funds in expanding their ventures and creating employment opportunities for citizens. The money is also expected to help the…
Battle against counterfeit
The Business players in the joint manufacturing industry have called the countries to fight the trade against the counterfeit goods. The proliferation of counterfeit goods in the market, continues to pose a major challenge for manufactures in the country Its against this backdrop that business are now calling for a…
Bata refutes claims of shutting down it’s limuru store
Bata shoe company PLC has refuted reports that they’re closing down their Limuru branch. In a statement to public on Saturday 10th June, the company stated that they are under a “normal annual maintenance shut down” that happens during the off peak season. “We are a heritage business, strategic in…