The festive season is here with us and as is the norm, most people, even exercise enthusiasts, let loose as they let go the stress of the entire year.
Out goes strict dieting as heavy meals, deep-fried snacks, consumption of calorie-rich foods, and sedentary behaviour sets in.
But at the…
Court freezes top cars after owners charged with drug trafficking
The High Court has frozen four vehicles among them two luxurious cars after its owners were charged last year with trafficking in narcotic drugs.
Justice Dorah Chepkwony ordered the freezing of the vehicles following a petition by Assets Recovery Agency (ARA), arguing that the vehicles cou…
Firms investing outside Nairobi to pay lower taxes from January
Firms investing at least Sh250 million annually outside Nairobi and Mombasa will from Saturday pay less tax in government efforts to spur economic activities outside the two cities.
This follows the reintroduction of a 100 percent investment deduction when calculating corporate income taxe…
Businesses to get tax relief for hiring fresh graduates
Businesses that employ at least 10 fresh graduates from technical and vocational institutions will from Saturday enjoy a tax relief equivalent to half of the trainees’ salaries.
The relief starts on January 1 and will be offered to businesses that hire the graduates for betwe…
UAE extends ban on air travellers from Kenya
United Arab Emirates (UAE) has extended the ban on Kenyan travelling to its territory indefinitely, restricting inbound flights from Nairobi and a host of other African countries.
In a notice, Emirates Airlines announced that it has extended the ban, which was to end on the eve of Christma…
CMA admits 12th firm into innovation hub
The Capital Markets Authority (CMA) has admitted investment adviser Waanzilishi Capital Limited to its regulatory sandbox programme, making it the 12th inductee into the innovation hub.
The markets regulator set up the incubating platform, which is designed to encourage innov…
Wheat flour price set to rise on higher grain import cost
The price of wheat flour is expected to go up starting January following a rise in the cost of importing the grain into the country.
Millers say that the landing price of wheat will increase to Sh56,000 for a tonne from Sh50,000 currently, exerting pressure on the flour and o…
Where top investors made money in 2021
Medium term to long-term government bonds offered investors the highest returns this year out of the main asset classes in a period the economy started recovering from the ravages of Covid-19.
The debt securities auctioned this year had fixed interest rates of between 9.49 pe…
Another Sh49m gift to salon owner by boyfriend frozen
High Court has frozen another Sh49 million that a Belgian man had sent to a sister of his girlfriend as a gift on suspicion that it is proceeds of crime, bringing the total amount blocked to Sh264 million.
The money frozen last week was in two Equity Bank accounts, one holdin…
Uhuru, Raila flex muscle on political parties Bill
President Uhuru Kenyatta and ODM leader Raila Odinga yesterday used their numerical strength in Parliament as they warded off resistance from Deputy President William Ruto allies to pass three critical clauses in the contentious Political Parties (Amendment) Bill.
In a chaotic session marr…