The fast food chain had come under criticism after it emerged it sources its potatoes from Egypt, citing poor local quality.
Six months and four days into 2023, fears now centre around a potential credit crunch following the hiking of the key lending rate by the banking regulator.
Importers must now seek clearance from Interpol before bringing vehicles into the country. A former governor was recently caught up in the racket that sneaks in stolen vehicles from Europe
National Treasury has warned that liabilities are a fiscal risk. But Nyeri County has kept arrears low for the last few years.
Equity Bank notified customers of new rates, with other banks expected to follow suit in coming days. Move comes after CBK raised the benchmark rate by 100 basis points to 10.50 percent.
This was Sh62 million more than the Sh471 million they had earned a year earlier. Mr Ndegwa alone earned Sh24 million more in the period ended March this year.
Experts in financial services sector have been asked to embrace networking through professional bodies to stay in line with ever-evolving marketplace globally.
Banks are continuing to steeply increase the cost of loans, with interest rates expected to go beyond 20 per cent, leaving borrowers with a massive debt servicing burden.
The National Assembly earlier approved the conversion of Kenya’s debt ceiling from the current Sh10 trillion to a debt anchor as a percentage of the GDP.
Kenya and Iran are expected to sign several preliminary trade deals today as Iranian President Ebrahim Raisi begins the first visit by a head of state from the Islamic Republic in over a decade.
Sustained street protests by the opposition have left many enterprises no choice but to cushion against vandalism. Insurers have confirmed increased uptake of cover against political risks.
The manufacturers fear further economic damage to their businesses if the disruptions persist. Lobby says losses emanate from destruction as well as lost revenue as businesses remained shut.
Taxman collected Sh2.16 trillion for the financial year ended July against expected Sh2.19 trillion. Domestic and customs tax divisions hampered by tough business environment, KRA says.
Co-op Bank says it has set aside a Sh14.1 billion war chest for affordable loans to small businesses after securing a $100 million loan deal with German investment corporation DEG
Kenya relies on Ukraine and Russia which are among the world’s biggest exporters of grains and other foodstuffs. Any fresh supply disruption may add price pressures on already high food commodities.
Bretton Woods institution says taxation measures necessary to prop up battered economy. Loan deal comes with stringent austerity measures, which could see public servants lose their jobs.
Members of the Kenya Railways Staff Retirement Benefits Scheme (KRSRBS) and the Local Authorities Provident Fund (Lapfund) have been amongst the hardest hit retirees.
The former 206-room Crowne Plaza Hotel in Nairobi's Upper Hill will be revamped to host shared offices.
Foreign exchange reserves are largely tapped for government payments such as servicing external debts and essential government imports such as oil and medicines.
Fitch is the latest agency to downgrade Kenya's credit rating outlook, dimming its chances of tapping cheap credit. The move means taxpayers will dig deeper into their pockets to service loans.
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