Money
All civil servants expecting salary increases this month will have to wait a little longer after the government moved the timeline for the pay increase by 16 days on Wednesday, July 16. The pay rise that was to be effected from July 1 has now been moved to August 1 as announced by the Cabinet […]
The government has responded to concerns from employers over the newly increased minimum wage, insisting businesses can afford the adjustment and maintaining that the decision was informed by a comprehensive assessment of the country’s economic conditions. Last month, the Ministry of Labour gazetted the new minimum wages for various workers like cleaners, gardeners, messengers and […]
Members of a National Assembly Committee have pushed back against a proposal to cap compensation for members of Savings and Credit Cooperative Organisations (SACCOs) at Ksh100,000 in the event of a collapse. During a meeting with officials from the SACCO Societies Regulatory Authority (SASRA) on Tuesday, June 30, the Departmental Committee on Trade, Industry and […]
Absa Bank Kenya PLC Managing Director and Chief Executive Officer, Abdi Mohamed, has resigned from his position, bringing to an end a three-year tenure at the helm of the bank. In a statement on Monday, the bank’s Board of Directors announced that Mohamed’s resignation will take effect on June 30. The Board said he is […]
By Whitney Akunga President William Ruto has put the Kenya Revenue Authority on notice to improve its operations by adopting more efficient and transparent practices in ensuring tax compliance. Speaking on Friday 26th, at Times Tower after filing his tax returns, he noted that although tax revenue has grown steadily in recent years, the tax […]
The United States government has donated at least 16 billion shillings in support of Kenya’s drought relief efforts. According to the U.S. Agency for International Development (USAID), the funds will help meet the urgent needs for approximately 1.3 million people across Kenya. The additional food assistance to Kenya comes amid an ongoing drought that has […]
A forensic audit commissioned by Kisii Governor Simba Arati has unearthed a total of 1,314 ghost workers in the county. The audit conducted by the Institute of Human Resource Management included a physical headcount of all the county staff. Of the 5,600 workforce on the county’s payroll, 1,314 employees did not show up during the […]
The Kenya Kwanza administration on 30th November 2022 fulfilled one of its biggest campaign pledge following the Hustler Fund launch. The fund is a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) in Kenya. According to the Ministry of Cooperatives and MSME Development, borrowers will […]
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