Business

Deductions for SHIF and Housing Levy Impacts Hefty Payslip Cuts on Workers

New statutory deductions for Kenya's Social Health Insurance Fund (SHIF) and housing levy have pushed workers' payslip cuts to unprecedented…

2 years ago

I&M Group PLC Records 24% Growth in Profit Before Tax for Q3 2024

I&M Group PLC has recorded 24% growth in profit for the year 2024, before taxation, equivalent to KES 14.1 billion…

2 years ago

CBK Mounts Pressure on Commercial Banks to Reduce Lending Rates

The Central Bank of Kenya (CBK) is mounting more pressure on commercial banks to reduce borrowing rates. As a result,…

2 years ago

Equity Group Holdings and DEG Launch German Desk to Promote Trade

Equity Bank Limited Group Holdings Plc and DEG-Deutsche investitions-und EntwicklungsgesellschaftmbH, the German Development Finance Institution, have joined forces to establish…

2 years ago

Bolt Operations to Pay Driver Ksh.500k as Compensation for Infringing Rights

The Office of the Office of the Data Protection Commissioner (ODPC) has ruled against Bolt Operations OU and Bolt Support…

2 years ago

Huawei Partners MTN to Launch First 5.5G in South Africa

MTN South Africa and Huawei have achieved a milestone in African telecommunications by completing the continent's first 5.5G network trial…

2 years ago

Google Picks Six South African Startups for 2024 Black Founders Accelerator Program

Google has announced the six startups selected for the 2024 Google for Startups Accelerator Africa, Black Founders program, following a…

2 years ago

Gerald Nyaoma Appointed as Second Deputy Governor of the Central Bank of Kenya

Central Bank of Kenya (CBK) has faced several changes following President William Ruto's recent nominations. Gerald Nyaoma Arita is one…

2 years ago

Gender-Inclusive Lending Improves in Africa, Survey Reveals

European Investment Bank (EIB) Survey Highlights Gender-Inclusive Banking in sub-Saharan Africa noting that banks are making improvements in balanced gender…

2 years ago

Court Upholds Ksh.900k Fine Against Digital Lender Company For Persistent Calls on Follow-ups

The High Court of Nairobi, Milimani division, has upheld a Sh900,000 fine imposed by the Office of the Data Protection…

2 years ago