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4,000 new CDS accounts opened as more Kenyans warm up to capital market investments

A total of 4,608 new Central Depository System (CDS) accounts were opened in Q1/2016, compared to 6,843 new accounts opened in the quarter ending December 2015, indicating that more Kenyans

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KRA to link system with CBK as Authority moves to crackdown on tax evaders

The Kenya Revenue Authority (KRA) will from the start of July, link its system with that of the Central Bank of Kenya (CBK) as it seeks to improve tax efficiency

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Farmers advised to take up new insurance programme to combat effects of drought

Farmers in Kenya have been urged to take up a new cover dubbed the Kenya Livestock Insurance Programme (KLIP) to help them receive compensation for losses brought on by the

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 Widespread panic causes businesses to move away from smaller banks

  Widespread cases of panic within the banking sector are prompting businesses to move away from smaller banks, Cytonn Investments’ first quarter analysis has indicated. According to the financial services

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Health Ministry seeks stakeholder aid to eradicate Guinea worm disease

The Ministry of Health is seeking the support of stakeholders to raise the level of public awareness to 50 per cent, to ensure Kenya is certified a Guinea Worm Disease

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Imperial Bank depositors to access a portion of their cash as NIC gives lender Sh1.5 million

  Imperial Bank Limited depositors will soon be able to access a portion of their cash, the Central Bank of Kenya (CBK) has said. The move comes just after NIC

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Business news highlights

Hivos, Equity to release data on Sh3Tn fashion industry Hivos East Africa, an international organisation that seeks new solutions to persistent global issues, and Equity Bank Limited will tomorrow release

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Kenya Power intensifies crackdown on electricity theft

Electricity transmission and distribution company Kenya Power has intensified a countrywide crackdown on illegal power connections. The company is implementing the Global Partnership on Output Based Aid (GPOBA) project targeting

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KQ to hire new managers as state moves to rescue carrier

Transport Cabinet Secretary James Macharia has revealed that the government is working closely with the Kenya Airways (KQ) board to evaluate the flyers entire management and have the best bosses

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Charity to reject funding from EU as Kenya closes world’s largest refugee camp

Medical aid charity Medecins Sans Frontieres (MSF) has said it will reject all funding from the European Union and its member states in protest at a deal to stem the