Economy

Safaricom PLC has announced that its M-Pesa services will undergo scheduled system maintenance on the night of Monday, April 7, 2025, from 1:00 am to 1:30 am. In a public notice released on Saturday, the telecom company explained that the 30-minute maintenance is part of ongoing efforts to enhance service …

The Kenya Revenue Authority (KRA) is working on simplifying the Pay As You Earn (PAYE) filing process, which has been a deterrent for MSMEs in filing their returns. Click here to join our WhatsApp Channel KRA Commissioner General, Humphrey Wattanga, highlighted the complexity of the PAYE system, which hampers compliance …

The Betting Control and Licensing Board (BCLB) has instructed all licensed gaming operators to submit their aviator and crash games for regulatory scrutiny due to concerns over fairness, transparency, and consumer protection. Click here to join our WhatsApp Channel Operators have seven days to provide a detailed list of these …

Kenya has bolstered its digital partnerships with other African nations, according to a government official on Friday. Click here to join our WhatsApp Channel William Kabogo Gitau, Cabinet Secretary for the Ministry of Information, Communications, and the Digital Economy, stated that Kenya is working to expand its digital solutions, such …

Chinese automotive brand Jiangling Motors Corporation (JMC) has made its debut in the Kenyan market, with distribution handled by motor dealer Caetano Kenya. Click here to join our WhatsApp Channel Aurelien Glay, managing director of Caetano Kenya, announced that the Vigus range, which includes a single cab, double cab, and …

HF Group has reported a 35% increase in full-year net profit, reaching Sh525 million, driven by both interest income and non-funded earnings. Click here to join our WhatsApp Channel This marks a rise from Sh388 million in 2023. The growth is attributed to the company’s ongoing business transformation strategy, which …

Mobile money services have significantly boosted Kenya’s economy, adding Sh3.1 trillion ($24 billion) to the country’s Gross Domestic Product (GDP), according to a recent report. Click here to join our WhatsApp Channel The study, titled ‘Mobile Money’s Impact on Economic Growth in Five African Markets’, highlights mobile money’s significant impact, …

Commissions earned by Bolt drivers will now be subject to a 16% value-added tax (VAT) following the enactment of the 2023 Electronic, Internet, and Digital Marketplace Supply Regulations. Click here to join our WhatsApp Channel For the past 15 months, Bolt has covered the VAT cost for drivers, helping to …

Equity Group Holdings has achieved a 12% increase in profit after tax, reaching Sh48.8 billion, up from Sh43.7 billion for the year ending December 31, 2024. Click here to join our WhatsApp Channel This growth highlights the continued success of the Group’s diversified business model and sound financial management. The …

Kenya Airways (KQ) PLC has reported a 124% increase in its net profit for the financial year ending December 31, 2024, reaching Ksh 5.4 billion after tax. Click here to join our WhatsApp Channel This marks a dramatic recovery from a loss of Ksh 22.6 billion the previous year, resulting …