The Energy and Petroleum Regulatory Authority (EPRA) has revised fuel prices for the period between April 15 and May 14, announcing a reduction that brings relief to consumers. Click here to join our WhatsApp Channel In its latest monthly review released on April 14, EPRA lowered the prices of petrol, …
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The Capital Markets Tribunal has instructed Amana Capital Limited to pay a total of Sh21.4 million to Susan Mukuhi Kagiri, an investor whose funds were frozen after Nakumatt Holdings collapsed. In a unanimous ruling, the Tribunal rejected Amana’s appeal and upheld the Capital Markets Authority (CMA) decision, determining that the …
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The Kenyan shilling fell by 0.35 percent this week, ending at 129.71, amid mounting uncertainty regarding the effects of U.S. tariff hikes, as reported by the Central Bank of Kenya on Friday. The currency started the week at 129.26 and steadily declined throughout the five days, with ongoing tariff tensions …
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Jubilee Health Insurance Limited (JHIL), a subsidiary of Jubilee Holdings, reported a significant jump in net profit to Sh910 million for the financial year ending December 31, 2024. Click here to join our WhatsApp Channel The impressive growth was attributed to enhanced innovation, improved operational efficiency, and a strong focus …
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The Kenya Revenue Authority (KRA) has rolled out a new digital platform aimed at boosting tax compliance among landlords and property owners. Click here to join our WhatsApp Channel The newly introduced Electronic Rental Income Tax System (eRITS) will be optional for users. “eRITS enables smooth integration with KRA’s systems …
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Ride-hailing service Bolt Kenya has recorded a 46% reduction in trips conducted outside its app in the past six months, following the introduction of stricter safety measures aimed at curbing non-compliant practices. Click here to join our WhatsApp Channel The company credits the significant decline to its tougher enforcement strategy, …
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The Kenyan government, in partnership with the Kenya Agricultural and Livestock Research Organization (KALRO) and the Korea Partnership for Innovations of Agriculture, is planning to establish a modern rice seed production facility in Mwea. Click here to join our WhatsApp Channel With an investment of $400,000 (approximately Sh51.6 million), the …
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Metropolitan National Sacco Ltd has unveiled plans to rebrand—including adopting a new name—as part of a wider strategy to recover from ongoing financial difficulties and insolvency. Click here to join our WhatsApp Channel This decision comes in the wake of revelations that significant funds were misappropriated by certain individuals within …
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Kenya’s pension sector has experienced significant growth, with total assets under management reaching Ksh2.21 trillion by December 2024. This marks a 27.94% increase from 2023, representing the largest rise since 2019. In 2019, pension assets were valued at Ksh1.3 trillion, growing to Ksh1.4 trillion in 2020 and Ksh1.55 trillion in …
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The government has introduced a 50% duty waiver on imported yellow maize to address rising prices driven by competition between animal feed millers and maize millers for white maize. This waiver, which applies to 5.5 million bags of yellow maize over the next year, will be granted exclusively to approved …
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The Lower Eastern Times Opening The Third Eye