Safaricom, the largest mobile network operator in Kenya, has made a significant change to its popular overdraft service, Fuliza. Users of the service are now able to make direct cash withdrawals from M-Pesa agent stores, marking a departure from the previous mode where the service was restricted to payments. A spot check by the Business…

The approval of genetically modified (GMO) products in Kenya has sparked a significant debate, with diverging opinions mainly centered on health concerns, socioeconomic considerations, and political interests. On one side, scientists and experts have defended the technology, claiming it is a game-changer for the country’s food security and can help address issues such as pests…

On Thursday, the European Union (EU) issued a “red card” to Cameroon for failing to cooperate in the international effort to combat illegal fishing. According to a statement released by the European Commission, Cameroon has been designated a “non-cooperating country” and the EU will request that its member states add Cameroon to the bloc’s blacklist.…

The use of mobile money in Kenya has reached new heights, with the value of such transactions surpassing half of the country’s gross domestic product (GDP) in 2021. Data from the Central Bank of Kenya (CBK) shows that mobile money transactions reached 56.8% of GDP last year, up from 48.7% in 2020 and projected to…

Political events and decisions can have significant effects on the economy of any country, including Kenya. Some specific ways that politics can impact the economy in Kenya include: Overall, politics and the economy are closely interconnected, and the actions of the government and other political actors can have significant effects on the performance of the…

Starting a small business can be a rewarding and exciting venture, but it also requires careful planning and a lot of hard work. Here are some steps you can follow to start a small business: Determine your business idea: Start by identifying a product or service that you can offer. This could be something you’re…

1. New PAYE Rates From To Rate 0 24,000.00 10% 24,000.00 40,666.67 15% 40,666.67 57,333.33 20% 57,333.33 ∞ 25% Personal Relief   Kshs 2,400 The Corporate Rates of Tax (a) in the case of a resident company 25% (b) a non-resident company having a permanent establishment in Kenya remains 37.5% (c) a company engaged in…

 Shauri Moyo and Starehe estate are about to receive extreme makeup due to the Big 4 agenda that is being pursued by the Government. One of the strategies that the Government has put in play is to encourage both foreign and local investors to invest in low-cost housing development. Housing and Urban Development principal secretary…