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Finances

Covid-19 leaves Treasury with 172bn budget hole

National Treasury Cabinet Secretary Ukur Yatani is walking a tight rope as he looks for Sh172 billion to plug the budget hole created by President

Finances

Uhuru tax ‘breaks’ to hit ordinary Kenyan hard

The cost of bread, milk, cream, cooking gas, fuel, mosquito nets, vaccines and a host of medical products is expected to shoot up in an

Finances

Denmark gives Kenya Sh320m to boost Covid-19 fund

The government of Denmark has boosted Kenya’s fight against the coronavirus disease (Covid-19) with a Sh320 million donation to the country’s emergency fund. Danish Minister

Finances

New Coronavirus tax reliefs to last four months

The new tax reliefs announced by President Uhuru Kenyatta on Income Tax and Value Added Tax will be in place until August this year. This

Finances

Meet landlord who waived rent amid coronavirus outbreak

Some residents of Nyandarua County will get some reprieve from the tough economic times anticipated due to the Covid-19 pandemic. This is after a landlord

Finances

CBK frees Sh35bn to support distressed borrowers, cuts interest

The Central Bank of Kenya (CBK) Monday freed up Sh35.2 billion and made it immediately available to commercial banks to support distressed borrowers as a

Finances

Meet Peter Kahi: The corporate ‘clean-up’ chief

For 32 years, Peter Kahi has probed the insides of companies that are on life support, and prescribed a revival or death dose. Mr Kahi

Finances

Shilling plunges to record low as coronavirus takes toll

The Kenyan shilling has taken a major hit from the coronavirus pandemic. In Thursday’s trading, it exchanged at a record low of Sh109.3 against the

Finances

How Coronavirus is hurting different sectors in Kenya

From tourism to merchandising, stock market to imports and exports, Kenya is hurting from the impact of coronavirus, which has so far killed more than

Finances

How Tuju lost his multi-billion empire in a bid to get richer

Raphael Tuju, one of Kenya’s big-money politicians, is broke. A Sh933 million loan that the self-made billionaire took five years ago to expand an already