Featured – Kenyan Enterprise https://www.kenyanenterprise.com/sites/tag/featured/ Daily Breaking Business News, Finance, Economy, Technology and Startups On The Go! Tue, 04 Jul 2023 12:46:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://www.kenyanenterprise.com/wp-content/uploads/2019/03/cropped-IMG-20180823-WA0001-32x32.jpg Featured – Kenyan Enterprise https://www.kenyanenterprise.com/sites/tag/featured/ 32 32 Kenyan women doing same jobs as men paid 30pc less https://www.kenyanenterprise.com/sites/clarasituma/article/kenyan-women-doing-same-jobs-as-men-paid-30pc-less/ Tue, 04 Jul 2023 12:46:33 +0000 https://www.kenyanenterprise.com/?p=23704 According to a recent household survey, Kenyan women still have less access to job opportunities than men do, and they earn 30 percent less on average than men do for jobs that are similar. According to the Kenya National Bureau of Statistics’ 2022 Demographic and Health Survey, women in Kenya between the ages of 15 […]

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]]> Sasra launches Sacco deposit Insurance program https://www.kenyanenterprise.com/sites/clarasituma/article/sasra-launches-sacco-deposit-insurance-program/ Sat, 17 Jun 2023 10:45:11 +0000 https://www.kenyanenterprise.com/?p=23505 In order to provide a framework for the appointment of trustees to manage a Deposit Guarantee Fund (DGF) to shield savers from losses on their more than Sh600 billion in deposits, the Saccos regulator is requesting changes to the current law. Njuguna Ndung’u, the Treasury Cabinet Secretary, announced on Thursday that the Sacco Societies Regulatory […]

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]]> Sugar taxes among surprises in Njuguna Ndung’u Budget statement https://www.kenyanenterprise.com/sites/clarasituma/article/sugar-taxes-among-surprises-in-njuguna-ndungu-budget-statement/ Sat, 17 Jun 2023 07:32:40 +0000 https://www.kenyanenterprise.com/?p=23499 As a result of the government’s plan to impose an excise duty of Sh5 per kilogram of imported sugar at a time when a shortage of the commodity has driven prices to highs of Sh210 per kilogram, sugar consumers can expect to pay more at the store shelf. Njuguna Ndung’u, the Treasury Cabinet Secretary, stated […]

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]]> Payslip effects of Ndungu’s two new Tax bands https://www.kenyanenterprise.com/sites/clarasituma/article/payslip-effects-of-ndungus-two-new-tax-bands/ Fri, 16 Jun 2023 06:42:55 +0000 https://www.kenyanenterprise.com/?p=23485 Once new top tax bands proposed by the National Treasury take effect with the passage of the Finance Bill 2023, Kenya’s top earners who earn between Sh800,000 and Sh1 million per month in salaries will see their tax obligations rise by between Sh7,500 and Sh17,500 per month. However, because fewer than 1% of workers in […]

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]]> Equity acquires a Rwandan bank for Sh6.7 billion https://www.kenyanenterprise.com/sites/clarasituma/article/equity-acquires-a-rwandan-bank-for-sh6-7-billion/ Thu, 15 Jun 2023 08:54:00 +0000 https://www.kenyanenterprise.com/?p=23472 Equity Group will pay RWF54.68 billion (Sh6.67 billion) for a controlling interest in a Rwandan bank, the most recent in a string of transactions that have seen Kenyan banks’ profits in the East African region more than double in just a year. The lender, which ranks first in Kenya for profitability, revealed on Wednesday that […]

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]]> Considerations for After-School programs when making arrangements https://www.kenyanenterprise.com/sites/clarasituma/article/considerations-for-after-school-programs-when-making-arrangements/ Wed, 14 Jun 2023 09:05:31 +0000 https://www.kenyanenterprise.com/?p=23454 Many parents struggle every day to find good childcare options for their kids after school and over the holidays. Due to their demanding work schedules, they frequently find themselves in a constant juggling act as they try to figure out how to keep their kids active and focused during these times. In urban areas like […]

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]]> IPPs aim to end Kenya Power’s monopoly by Selling power directly https://www.kenyanenterprise.com/sites/clarasituma/article/ipps-aim-to-end-kenya-powers-monopoly-by-selling-power-directly/ Mon, 12 Jun 2023 09:30:59 +0000 https://www.kenyanenterprise.com/?p=23425 Independent power producers (IPPs) have petitioned Parliament for permission to break Kenya Power’s monopoly and provide electricity directly to consumers. In order to prevent power theft, the IPPs have also requested a review of Kenya Power’s operational effectiveness. The Electricity Sector Association of Kenya (ESAK) urged legislators to enact reforms that will promote more competition […]

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]]> Four banks have been Chosen as Lead arrangers for a new Eurobond https://www.kenyanenterprise.com/sites/clarasituma/article/four-banks-have-been-chosen-as-lead-arrangers-for-a-new-eurobond/ Mon, 05 Jun 2023 07:12:14 +0000 https://www.kenyanenterprise.com/?p=23300 In an effort to relieve some of the pressure associated with paying the $2.0 billion (Sh277.6 billion) Eurobond due next year, the government has shortlisted four banks as potential lead arrangers for Kenya’s planned return to the international financial markets between July and June 2024. According to information provided to The Business Daily, Citigroup, JP […]

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]]> DTB Group profits Increase by 11% due to a Larger loan Book https://www.kenyanenterprise.com/sites/clarasituma/article/dtb-group-profits-increase-by-11-due-to-a-larger-loan-book/ Wed, 31 May 2023 08:35:29 +0000 https://www.kenyanenterprise.com/?p=23258 DTB Group reported a 10.9 percent increase in earnings in the first quarter ended March, aided by higher lending and transaction income. The bank’s net profit in the review period was Sh2.4 billion, up from Sh2.1 billion the previous year. Total interest income increased by 32% to Sh12.1 billion, owing to higher earnings from ordinary […]

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]]> Inflation has Dropped to a 10-month Low of 7.9 percent https://www.kenyanenterprise.com/sites/clarasituma/article/inflation-has-dropped-to-a-10-month-low-of-7-9-percent/ Sat, 29 Apr 2023 07:01:08 +0000 https://www.kenyanenterprise.com/?p=22694 Kenya’s cost of living index eased in April to a 10-month low as food prices increased moderately as a result of the start of prolonged rains, which have increased the production of some vegetables. According to the Kenya National Bureau of Statistics (KNBS), inflation, a gauge of the cost of living over the previous 12 […]

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