BD Spotlight: Editor's Selections

Kenya retains global passport ranking at 67

The Kenyan passport maintains its 67th position globally in passport power, as revealed by the Henley Passport Index Report, with stable visa-free access or visa on arrival to 76 countries, while Mauritius retains its top African position but drops from 30th to 29th globally, allowing visa-free travel to 148 countries. — Read More

Winners and losers from the shilling’s record fall

Expatriates, Kenyans with foreign currency-denominated salaries, exporters, and recipients of diaspora remittances have marked a significant windfall from the weakening of the shilling against major world currencies. — Read More

Why El Ni?o rains failed to lower electricity bills

Despite the state halving expensive thermal power and increasing hydro-power generation by over a third, households and businesses saw a slight reduction in power bills, with the share of electricity from diesel-run plants reaching a 30-month low in November due to El Ni?o rainfall, leading to the highest hydro-power generation in 22 months, according to official data from the Kenya National Bureau of Statistics. — Read More

KRA eyes over Sh14 billion from 5pc farm produce tax

The government is eyeing at least Sh14.3 billion in additional revenue in the proposed withholding tax of five percent on farm produce sold through co-operatives, a Business Daily tabulation shows. — Read More

CBK warns of mobile money fraud risk on unverified SIM cards

The Central Bank of Kenya (CBK) has cautioned mobile money service providers and banks about the increasing fraud risk associated with remote customer registration, emphasizing that virtual onboarding prevents thorough verification by companies such as Safaricom, Airtel, and Telkom Kenya. — Read More

The British Pound official rate crosses the Sh200 mark

The official shilling exchange rate against the British pound has crossed the Sh200 mark, boosting the earnings of horticulture exporters to the UK and parts of Europe that trade using the currency. — More

Bamburi takes measures to curb coal dust pollution

Bamburi Cement assures that it has implemented measures to prevent a recurrence of environmental pollution caused by coal handling at its Mombasa plant, prompted by resident complaints and reportedly leading the county government to instruct the company to cease operations. — Read More

Other Top Stories

1. Mauritian firm cleared to buy Kenya Bottling Company.
2. Halt Nairobi-Mombasa Expressway plans and evaluate economic value.
3. January bond rates seen rising past 18pc.
4. Cash-rich firms reap bumper gains from rising interest rates.
5. AFC directors among defaulters of Sh3bn, auditor says.