Economics

CBK Warns Traders Against Receiving Payments in form of Exposure

The Central Bank of Kenya is now warning traders that exposure is not a legal tender and may not be accepted universally as a form of payment. This comes after the number of young people who have been insisting that they can pay in form of exposure at the supermarkets and shops increased gradually. This

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Economics

2NK SACCO set to Acquire Kenya Airways Early Next Month

Plans are at an advanced stage for 2NK Sacco to acquire Kenya Airways as the government gets radical about turning the fortunes around for the troubled national carrier. In the new revival plans, the government of Kenya will cede its 48.9% stake in the company to 2NK SACCO for an undisclosed amount of money in

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Economics Governance

Broke GoK Banking on Senate’s Stalemate on Revenue Sharing Formula

We are not saying that it is a crime to be broke, but the Government of Kenya currently has only 27 bob on M-PESA, an Mshwari loan that is overdue, 202 shillings at the treasury and 19 missed calls from China. We know that you are also in the same boat. We are all together

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Economics

Tuskys Supermarket to Sell Helicopters Online

Tuskys supermarket is thinking big. Starting July 2020, the supermarket has decided to start selling helicopters in order to cater for a growing demand for the same in Kenya.  “Helicopters have become a part of fast-moving consumer goods in Kenya,” said Uncle wa Tuskys. “We are delighted to serve Kenyans in a new way that

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Economics

Kenya Power to Venture into Candle Manufacturing

Kenya Power has announced plans to diversify its portfolio and venture into candle manufacturing in a bid to reverse its declining fortune. Announcing the new venture, Kenya Power CEO Bernard Ngugi said that the candle venture falls in the company’s grand vision of eliminating darkness in Kenya. “We are pleased to take our war on

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Economics Social

Government Urges Small Families to Merge and Save on Rent

Families are hard hit with Covid-19 and the government has the perfect solution. Small families should merge and save on one rent! In what turns out to be the most brilliant family fiscal policy during Covid-19, families of less than five people will be required to merge and save on one rent. This will go

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Economics

PostaMate Media Acquires K24 TV for a Undisclosed Amount of 95 Million

PostaMate Media has come to the rescue of K24 TV after an acquisition deal was signed to save the collapsing TV station. Speaking during the signing of the deal, PostaMate Media Chief Financial Officer and special advisor to PostaMate investors said that the move to acquire the TV station was informed by the common shared

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Economics

Kenya to Start Taxing Goodwill and Exposure

The taxman in Kenya has been let loose and starting July 2020, Kenya will start taxing any form of payment that is received in form of goodwill and exposure. In the move aimed at netting interns and other people who are working for free and being paid in form of exposure, National Treasury CS Ukur

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Economics

Tourism Ministry Lauded for Partnering with Bunduri to Promote Medical Tourism.

The Kenyan government deserves praise for its efforts to support tourism in these perilous times that have left the industry crippled. After a webinar convened by conservationists, the Ministry of Tourism agreed on a partnership with Bunduri to boost tourism numbers. The CS was quick to note that it was just a coincidence that he

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