Tag "KNBS"

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Business highlights – Uber drivers threaten to go on strike over new pricing model

  Uber drivers threaten to go on strike over new pricing model Uber has introduced a low-cost option for customers willing to use older cars The firm’s drivers have vowed

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Business highlights – Majority of unlicenced businesses need Ksh50,000 or less to get off the ground

Majority of unlicenced businesses need Ksh50,000 or less to get off the ground The family remains the key financial support pillar for small firms Commercial banks lent micro, small and

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Business highlights – Congested job market spells doom for college graduates

Little hope for college graduates as formal sector fails to create new jobs in 2016 The Kenyan economy lost its job creation momentum for the first time in four years

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Reprieve for consumers as government directs retailers to lower maize flour prices

The government through the National Treasury has ordered business onwners to lower the price of maize flour with immediate effect failure to which the government will revearse the policy Kenya

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Business highlights – Wealthy Nairobians unfazed by high commodity prices as number of poor Kenyans continues to rise

Sugar prices likely to rise as cane poaching and drought put Nzoia Sugar on the brink of collapse Nzoia Sugar Company in Bungoma County faces collapse due to a sugar

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Business highlights – MPs reduce government spending for road and energy projects by Ksh5.5 billion

MPs cut back on spending for road and energy projects in new budget The country’s Budget and Appropriation Committee has cut Kenya’s infrastructure budget by Ksh5 billion Members of Parliament

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Pathways International in move to help businesses, SMEs double their revenue

The Business Intelligence would help companies bolster their profits Data from KNBS shows that a number of businesses collapsed in 2016 due to losses amidst a tough operating environment Companies

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State to disburse Sh215 million insurance payout for over 12,000 livestock herders facing drought

The government will use Sh215 million to pay 120,000 pastoralists to help them buy animal feeds to shield their animals from death as drought reach crises The payments will range

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Grief for low income earners as Drought Management Authority projects further hike in food prices

KMDA says the projected hike in basic food prices is as a result of reduced cereal imports from neighbouring countries as well as an ongoing drought that has rocked the

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Tough business environment, cheap imports slowing down growth of manufacturing sector

Kenya Association of Manufactures (KAM) CEO, Phyllis Wakiaga attributes the sluggish growth to a tough business environment, characterised by competition from cheap imports and a rising cost of doing business

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