Economics

ICPAK drops Generally Accepted Accounting Principles (GAAP) in Favor of Carefully Rigged Accounting Principles (CRAP)

The Institute of Certified Public Accountants in Kenya has finally taken the bold step to demystify accounting and ‘tell it as it is’, by revealing the insider tricks used to create the revered books of accounts. In an attempt to help the mere mortals who cannot tell the difference between debit and credit, ICPAK has

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Economics

Kenyan Engineer Invents an Electric Car that is Powered by a Diesel Generator

A Kenyan engineer has put Kenya on the global spotlight after inventing an electric car that can be used in any part of Africa, including places without electricity. The car which is fully electric is different from all other electric cars in the world today as instead of having a battery bank to store electricity,

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Economics

Laikipia Based Car Manufacturer BJ-50 Acquired by Elon Musk

Laikipia County has made economic history after the County’s nascent vehicle manufacturer BJ-50 was acquired by the renowned vehicle manufacturer Tesla! In the deal that was announced by Elon Musk on twitter and confirmed by the Laikipia County Government, Tesla will pay KShs 26,047 to acquire the patents, factory, workers and stock of the BJ-50

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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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