The Central Bank of Kenya (CBK) has projected that Kenya’s real Gross Domestic Product (GDP) will expand by 5.2% with Monetary Policy focusing on achieving and maintaining low inflation. CBK reports that the Kenyan economy performed modestly in 2011 and realized growth in gross domestic product (GDP) of…
CfC Stanbic Bank will cut its lending rate to 17% from 19% on the 15th of December, 2012, giving it one of the lowest lending rates of any bank in the country.
Just what are the reasons why you MUST pay taxes? To understand that and tonnes of all other garbage you never quite seemed to understand about taxes, the matter just got simplified. Institute of Economic Affairs has published a book, "A citizen’s Handbook on Taxation in Kenya" that will have you sorted on this subject.
KeNHA has rolled out a road safety campaign for Thika Highway users in the wake of tough traffic rules that have hit many public service vehicle users hard.
Kenya’s annual custom tax collection is expected to drop by KES 16.5 billion ($193.8 million) . This will come about if tariffs on European products are removed under a proposed economic pact. South Centre, an international policy institution, has said that the direct revenue loss would outstrip the KES 10.4 billion ($121.8 million) that Kenya would realise from increased trade with Europe.
Kenya's economic growth forecast by the World Bank has been cut to 4.3% from 5% . world Bank has attributed this cut to the effects of high lending rates.
South African bank Absa Group said on Thursday it will buy Barclays African operations for 18.3 billion rand (KES 176.8 billion). This, a statement from Absa says, is a move to finalize a longstanding plan to fuse the two company businesses in Africa, considered a fast-growing market.
Safaricom Open day is over. However, you can still enjoy discounted prices on phones, tablets and laptops during this festive season. Some of the items retailing at discounted prices include: Samsung Nari E2230: Save KES 700 when you buy this phone as the price has now…