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 […]

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 […]

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 […]

Economics

Kenya to Start Taxing Goodwill and Exposure

The taxman in Kenya has been let loose and starting July 2021, 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 […]

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 […]

Economics

PostaMate Acquires Posta Kenya for 1.6 Million

PostaMate has come to the rescue of the struggling Postal Corporation of Kenya with an acquisition that is expected to be signed this afternoon. In an attempt to rescue the ailing corporation, PostaMate announced that it was planning to rebrand Posta Kenya and position it as a premier logistics company in Kenya, bringing it back […]

Economics Social

Landlords in Nairobi now offering Three-month Trial Period as Tenant Shortage Bites

It is a hard time for landlords in Nairobi’s satellite towns as the supply of houses outstrips the demand for the same, leaving landlords with empty buildings and loans to pay. So serious is the problem that some landlords have resulted to some unconventional methods to lure people into their premises, which include giving a […]