Business Daily
Economy, business and markets news, analysis and data from Kenya and Africa.
Fintech startup Leja says processed Sh259bn MSME transactions in …
Dec 11, 2024 · Local fintech startup Leja has said it processed $2 billion (Sh258.79 billion) in business-to-business (B2B) payments during the ending year, a first since the launch of its services three years ...
Adani signs Sh96bn deal to build, operate Kenya power lines for …
Oct 11, 2024 · The law firm, IC Law LLP also wanted Ketraco to make public details on the financial health of the Adani energy subsidiary, findings of recommendations from public participation over the deal, and ...
Communications Authority warns of AI-driven cyberattacks rise
Oct 29, 2024 · In its latest cybersecurity report, the communications sector regulator says that the National Kenya Computer Incident Response Team – Coordination Centre (National KE-CIRT/CC) detected 657.8 ...
Economy - Business Daily
Latest news and analysis on Kenya's economy and Africa, including economic policy and trade.
Reprieve as tax amnesty deadline pushed to 2025 - Business Daily
Jun 26, 2024 · The ongoing tax amnesty that was set to expire this Sunday has been extended to March 31, 2025 as part of new changes to the Finance Bill that seeks to drive compliance and lift state revenues
CBK has enough room to cut interest rates further - Citi analysts
Dec 11, 2024 · Citi Africa chief economist David Cowan said on Wednesday that while the CBK is unlikely to hit the market with a jumbo rate cut, the next two or three Monetary Policy Committee (MPC) meetings ...
CBK reserves hit four-year high on IMF funds, dollar purchases
Nov 11, 2024 · The reserves now stand at their highest level since the opening week of October 2021, when the cover stood at Sh1.210 trillion ($9.365 trillion).
Kenya risks contract breach cost after cancellation of Adani deals
Nov 22, 2024 · Together with Adani Energy Solutions, a unit of the African Development Bank (AfDB) -- Africa50—also got deals to build new transmission lines.
Starlink suspends sales in 5 counties on full capacity
Nov 4, 2024 · In August, Starlink introduced a rental plan for the installation hardware kit, where users pay a monthly rate of Sh1,950 as opposed to the one-off purchase of Sh45,500, on top of the Sh1,300 ...