KRA

KRA to link up with Kenya Power to net new taxpayers

The Kenya Revenue Authority (KRA) is now looking to expand its tax base to the pain and frustration of many Kenyans(I know I speak for a lot when I say so). But let's go on with the sad and terrible news. The taxman will use data from other government and private institutions to not only expand its base but also net tax evaders. To raise revenues to the set targets this year, ...

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The plane that crashed

Silverstone Airways plane crashes at Wilson Airport shortly after takeoff

A Silverstone Airways plane went down today shortly after taking from Wilson Airport today morning. Initial reports indicate that the plane that was leaving Nairobi for Lamu skidded off the runway. “We can confirm that our Fokker 50, 5Y-IZO has had an incident while taking off at Wilson Airport at 9am this morning. The aircraft was operating the Wilson-Mombasa-Lamu-Mombasa-Wilson route,” Silverstone Air said in a statement. Passengers and crew are said to ...

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Chevrolet is the shirt sponsor

Manchester United could lose Chevrolet Sh52 billion shirt deal

Manchester United are not only in dire straits when it comes to their footballing season but it seems that their financial muscle might also be in serious trouble. The club is now searching for a new shirt sponsor with Chevrolet highly unlikely to renew their deal while the club struggle on the field. The American car manufacturer signed a staggering £410million(Sh52 billion) agreement in 2012, when Sir Alex Ferguson was at the ...

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James Nyoro

Kiambu plans to put up Sh300 million five-storey retail market

Kiambu might have had some drama with its current governor but that doesn't mean that the county isn't trying to move ahead with its development agenda, under the leadership of their deputy governor. The county is set to build a Sh300 million five-storey modern market set for completion by end of 2020, deputy Governor James Nyoro says. He said the funds are available and land had been secured in Kiambu town. The ...

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Jesus shoes

Sh.300k ‘Jesus shoes’ with holy water sell out in minutes

Consumerism is the fuel that the turns the capitalist machine and this latest story might be proof of that. A pair of $3,000(Sh.300,000) trainers dubbed “Jesus Shoes” that contain holy water have sold out minutes after being made available to purchase. The controversial shoes, which are the brainchild of Brooklyn-based creative label MSCHF, were released online on Tuesday. The repurposed Nike Air Max 97s trainers, which were bought at retail value, have ...

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The Mercedes which was launched by DT Dobie

DT Dobie introduces best selling 1500 cc Mercedes Benz Range

Mercedes Benz C-Class range of luxury four door saloons for Kenya has been expanded with the introduction of the 1500 cc class by DT Dobie. The 1500 cc engine of the C 180 which combines fuel economy with strong performance gives prospective owners the benefit of a favourable price. This brings ownership of the best selling Mercedes saloon within the reach of many more motorists. The latest C-Class range is a great ...

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Mpesa

Progress! M-pesa business grows to Sh6 billion outside Kenya

M-pesa, the Kenyan technological marvel that was recently recognised with an international award is doing brisk business outside the Kenyan borders. Revenue outside Kenya grew 42.7 percent to Sh6.2 billion in three months to June, showing the growing popularity of the mobile money service in Africa. Vodacom Group’s trading update for the quarter ended June 2019, shows that the jump in revenue came in the period customers outside Kenya increased by 686,000 ...

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Equity Bank

Equity Bank gets Sh13bn discount so it can buy four African banks

Equity Bank Group recently relaunched with one of its pillars being that it aimed to take its asset base to the trillion shilling mark. It seems that it has already started down on that path. The bank is set to get a Sh13 billion discount on its purchase of four banks in Rwanda, Zambia, Mozambique and Tanzania from a London-listed investment group. Atlas Mara Limited says through its trading report to the ...

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Kukito-Kuku Choma 1024x765

Java House opens new chicken joint to compete with KFC

Java House chain has done something fascinating in its bid to keep expanding in the Kenyan Market, it has now launched a new restaurant, specializing in grilled chicken, dubbed Kukito. The Nairobi City Centre based restaurant is the first of its kind under Java with the company planning on opening three other Kukito outlets before January. Kukito is the fourth brand under the Java umbrella after Planet Yoghurt (PY), Java Express, and ...

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The new notes introduced by the CBK

Kenyans with over Sh.100k in bank accounts drastically drops

This has been one of the toughest economies in recent times for many Kenyans. This fact is also proven by a recent report by the Central Bank of Kenya. According to the report, the number of Kenyans with more than KSh 100,000 in their bank accounts has dropped from 1.583 million in 2017 to 1.45 million in 2018. The report which comes at a time when hundreds of Kenyans have lost jobs ...

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