Kenya is undergoing a big transformation as more people turn to entrepreneurship due to instability in formal employment. A new 2025 Money March report by digital lender Tala shows this shift, with full-time employment going down while business ownership is up. Full-Time Employment Down According to the report, full-time employment in Kenya has gone down …
Absa Bank Kenya PLC Board appoints Anne Nyongesa as new Company Secretary Nyongesa takes over from Wilson Murage who has retired to pursue other interests. “The Board of Directors of Absa Bank Kenya PLC (‘Absa Kenya’) is pleased to announce the appointment of Ms. Anne Nyongesa as the Company Secretary with effect from February 28, 2025. We welcome Ms. …
KRA has created two new departments as part of its plan to increase its tax net and target small traders who have always been outside the tax net. This is expected to boost tax compliance and address the persistent revenue shortfalls. New Departments to Strengthen Tax Collection KRA Commissioner-General Humphrey Wattanga has established a stand-alone Micro …
A surge in loan defaults by real estate, trade, and agricultural businesses saw them default on Sh30.9 billion in the first quarter of the year. This hefty rise in non-performing loans comes amid a time of rising interest rates, according to the latest review by the Central Bank of Kenya. Hefty Rise in NPLs According …
Arrivals of visitors through the main airports in Kenya hit a record high in the first quarter of this year following the new visa-free policy. Official statistics show that 409,164 visitors arrived at JKIA and Moi International Airport in Mombasa, an increase of 10 per cent from 370,570 visitors received last year. The increase came …