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Civil servants face salary freeze over secret wealth

Nairobi, July 15 -- Public officers who fail to declare their wealth will have their salaries withheld until they comply under proposed conflict of interest regulations by the Ethics and Anti-Corrupti... Read More


State taps KDF housing allowances to pay back Sh3bn Sukuk bond

Nairobi, July 15 -- The State will withdraw the housing allowance of some Kenya Defence Forces (KDF) officers and use the funds to repay investors who bought the Sh3 billion Sukuk bond used to finance... Read More


Nairobi poised to be continent's largest metropolitan area

Nairobi, July 15 -- Nairobi is set to become Africa's largest metropolitan area by 2050, overtaking megacities such as Cairo and Lagos, amid a surge in urbanisation, putting pressure on the capital's ... Read More


Banks help dollar MMFs unlock Eurobond returns

Nairobi, July 15 -- Dollar-denominated money market funds (MMFs) are putting investors' cash into African and global Eurobonds through special debt securities structured by multinational banks, sidest... Read More


The relationship balance sheet

Nairobi, July 15 -- Kenya is not yet in an election season. The ballot is still more than a year away. Yet the signs are already visible. Convoys are growing longer, meetings are multiplying, and fri... Read More


How farmers, transporters were denied cheaper fuel in new price cycle

Nairobi, July 15 -- Top consumers of diesel in Kenya, including the agricultural sector, road transport, industrial and power generation plants, have been denied cheaper fuel in the new pricing cycle ... Read More


Tribunal curbs KRA's power to reopen 'expired' tax records

Nairobi, July 15 -- The Tax Appeals Tribunal has barred the Kenya Revenue Authority (KRA) from reopening tax assessment files older than five years without proof of fraud, handing Coca-Cola bottler Al... Read More


Kenya among 18 nations most hit by fertiliser chaos

Nairobi, July 15 -- Kenya is among 18 economies most exposed to nitrogenous fertiliser supply disruptions in the Gulf due to the US-Israel conflict with Iran, an assessment by the World Trade Organisa... Read More


Value of medicine imports dips 24pc as Kenya ramps up local production

Nairobi, July 15 -- Kenya cut its spending on imported medicines by 23.52 percent in the first quarter of this year, marking the second consecutive year of decline, as the country accelerates its effo... Read More


KRA suffers setback in digital exports tax row

Nairobi, July 15 -- The Kenya Revenue Authority (KRA) has suffered a setback after the Court of Appeal ruled that software support services supplied by a Kenyan company to its foreign affiliates, qual... Read More