Farmers to get Sh117m insurance payout for crop failure
Six underwriters partnering with the government in a crop insurance scheme Wednesday released Sh117.5 million in compensation to 25,000 smallholder farmers for climate-related crop...
Kenya Govt to disable PINs of tax cheats
The Kenya Revenue Authority (KRA) plans to disable the Personal Identification Numbers (PINs) of firms and individuals suspected of evading taxes.
This drastic measure is...
Employers suspend Sh2.1bn pension contribution on virus
Employers have suspended a total of Sh2.1 billion in contributions to pension schemes since March as companies took advantage of the Retirement Benefits Authority...
NEMA rejects bid to set up farms in Amboseli ecosystem
The National Environment Management Authority (NEMA) has rejected plans to establish agri-business farms within the Amboseli ecosystem in Kajiado.
Kajiado NEMA director Joseph Kopejo said...
Safaricom’s Spark Fund dedicates KSh 540m to grow local startups
Safaricom’s Spark Fund has allocated Ksh 540 million ($5m) to fund local tech startups in the country. This is part of its initiative to...
KenGen, NMS ink deal to tap power from garbage
KenGen has inked a deal with Nairobi County to generate electricity from garbage, opening a new income stream for City Hall and an opportunity...
StanChart earnings decline 31pc on corona defaults
Standard Chartered Bank of Kenya reported a 31.2 percent net profit drop in the half year ended June on higher provisions for coronavirus-related defaults...
Tuskys inks Sh2bn debt deal after equity stake sale delay
Supermarket operator Tuskys is set to raise Sh2 billion short-term debt from an unnamed private equity firm based in Mauritius, with the funds aimed...
