Top Business Headlines!
Good morning! Let’s dive into today's top stories from Business Daily. || 16 July, 2024
Passengers stranded in Dubai as Kenya Airways cancels flights
Kenya Airways (KQ) passengers scheduled to travel from Dubai International Airport to Nairobi were left stranded for more than six hours on Sunday morning after the carrier canceled two of its flights to Kenya’s capital due to safety concerns. — Read More
Safaricom earns Sh40bn from reverse calls and airtime loans
Over half of Safaricom’s voice usage in Kenya relies on loaned airtime, freebies, and donations from call recipients, highlighting the decline of this business line due to increased competition and alternative communication channels. — Read More
Shilling under pressure after Cabinet purge, rating downgrade
The shilling weakened against the US dollar last week after protests forced President Ruto to dismiss much of his Cabinet and Moody’s downgraded Kenya’s credit rating. On Friday, the CBK quoted the shilling at Sh129.25 per dollar, down from Sh128.50 at the week's start. — Read More.
Toyota dilutes State with Sh1bn Thika vehicle assembler buyout
Toyota dealer CFAO Motors Kenya will buy additional shares worth about Sh1 billion to take control of Thika-based assembler Kenya Vehicle Manufacturers (KVM), aiming to revitalize the underinvested facility. — Read More
领英推荐
Lessons from KRA tax amnesty
According to the financial year’s revenue outturn the Kenya Revenue Authority (KRA) has released, the tax amnesty programme netted Sh43.9 billion against the targeted Sh51.0 billion, translating to an 86.08 percent performance rate. — Read More
Public uproar greets higher fuel levy
A decision by the State to increase the Road Maintenance Levy (RML) by 39 percent to Sh25 per litre of petrol and diesel has caused public uproar amid concerns of further financial strains on households and businesses. — Read More
April phone, laptop imports hit Sh4.9bn
Kenyans imported a record Sh4.9 billion worth of telecommunication equipment in April this year, the highest ever in a single month since the Kenya National Bureau of Statistics (KNBS) started recording data on this category of shipments in January 2017. — Read More
A charitable organization's primary objectives include philanthropy and social well-being, aiming to serve public interests and the common good. In Kenya, charitable organizations qualify for tax exemption upon meeting certain criteria. — Read More
Five More Top Stories
Stay on the cutting edge of the business world at bdafrica.com!
Business Daily
Staying ahead of the curve is so important, especially in today's ever-changing business world. Do you follow any specific business publications or influencers you'd recommend? We help startups and B2B businesses stay informed about industry trends through digital marketing strategies. We have some tips on building a strong online presence on our blog if you're interested.