Kepha Muiruri

Kepha Muiruri

2663 Articles

  • Kenyans shop for holiday discounts after tough 2022 - Survey

    Kenyans shop for holiday discounts after tough 2022 - Survey

    According to findings from a consumer survey on December Holiday Retail Survey by Viffa Consult, three quarters or 65 per cent of Kenyans have prioritized price discounts in their holiday purchase decision.Price discounts trounce both convenience and product quality among other factors influencing h...

  • IFC commits Ksh.39 billion for Nairobi-Nakuru Toll Highway

    IFC commits Ksh.39 billion for Nairobi-Nakuru Toll Highway

    The World Bank private sector financing arm is set to approve the disbursement of the funds within the 2023/24 financing year unlocking more financing for the PPP initiated project.The project involves the dualling of a portion of the A8 Highway between Rironi and Mau Summit into a four-lane dual ca...

  • Posta kicks off search for new CEO

    Posta kicks off search for new CEO

    The new Postmaster General is expected to provide strategic leadership to the ailing Corporation which is currently battling digital disruption.The new Postmaster General is will replace Dan Kagwe whose term in March next year.Dan Kagwe was first appointed as the Postmaster General in March 2017 and...

  • Shelter Afrique seeks CMA nod in bond issuance

    Shelter Afrique seeks CMA nod in bond issuance

    The firm is seeking to tap regional capital markets and pension funds to finance the construction of affordable houses across East Africa.The local currency medium term notes are set to be issued in Kenya, Uganda, Tanzania and Rwanda.Earlier this year in April, the Nairobi headquartered firm raised...

  • Kenya close to securing Ksh.92 billion World Bank loan

    Kenya close to securing Ksh.92 billion World Bank loan

    The facility sought after is part of the World Bank Development Policy Operations (DPO) and would be the fifth for Kenya over a five year period.Since 2019, Kenya has tapped Ksh.398.8 billion ($3.25 billion) under the previous four DPOs.In the bigger picture, the expected financing has been underpin...

  • CBK brings back charges on transfers between banks and mobile-money accounts

    CBK brings back charges on transfers between banks and mobile-money accounts

    The charges are set to be restored from January 1, 2023 and follows discussions and lobbying between the CBK, banks and payment service providers with the latter two groups having pushed for the fees return.The payment service providers (PSPs) and banks have nevertheless agreed to revise maximum cha...

  • Private firms cut wages in cost containment strategy

    Private firms cut wages in cost containment strategy

    The lower staff wages by firms involved in the survey is attributable to steep price pressures even as input costs and output charges eased in the period.Business activity increased across November after a slight decline in October supported mainly by improving new order inflows and favourable weath...

  • Safaricom reverses post-paid subscription price hikes

    Safaricom reverses post-paid subscription price hikes

    The reversal relates to increased exercise duty on airtime and telephone services from 15 to 20 per cent which had been implemented in July last year.Subsequently, Safaricom post-paid subscriptions costs will fall by a mean 4.8 per cent across the board with the lowest monthly plan now going for Ksh...

  • President Ruto appoints billionaire Humphrey Kariuki among 12 to National Investment Council

    President Ruto appoints billionaire Humphrey Kariuki among 12 to National Investment Council

    The appointees are expected to primarily advice government agencies on ways to increase investment and economic growth in the country.The 12 are also expected to promote cooperation between the public and private sectors in the formulation and implementation of government policies relating to the ec...

  • KRA loses bid to overturn minimum tax nullification

    KRA loses bid to overturn minimum tax nullification

    In its judgement of the taxman’s appeal, the Court of Appeal agreed with High Court’s position which declared the tax discriminatory.The minimum tax which had taken effect temporarily on January 1 last year, was levied at one per cent of gross business turnovers and was targeted at loss-making entit...