Author: Khusoko

Kenya’s core inflation edged higher in November to 5.8% from October’s 5.5% due to an increase in the pump prices of petrol and public transport fares, data showed on Friday. The Kenya National Bureau of Statistics said on a monthly basis, the consumer price index decreased by 0.18% from 192.60 in October 2018 to 192.25 in November 2018. The year on year food inflation in November 2018 was 1.72%. KNBS further said housing, water, electricity, gas, and other fuels’ Index, decreased by 1.24% in November 2018 compared to October 2018. “The drop was mainly due to lower costs in prices…

Housing Finance Group Plc on Friday issued profit warning that their earnings will be lower for FY 2018 compared to FY2017 after posting a 9-month loss. It cited tough operating circumstances that led to a decline in interest income after the Central Bank Rate (CBR) was revised from 9.50% to 9.00% in July. “Further, the trading environment continued to be unfavourable, leading to a slowdown in the real estate sector credit growth. The tough operating circumstances have led to an increase in the non-performing loans position, which has also adversely affected the business performance,” said Sam Waweru, the Acting Group…

Presiding Magistrate Julius Nang’ea has denied bond to three Chinese nationals charged with bribery allegations. The three Chinese men work for the China Roads and Bridge Corp. at the Standard Gauge Railway in Mombasa, Noordin Haji, Director of Public Prosecutions said in a statement. They are charged with giving a bribe of KSh900,000. According to the ODPP, “The three, Mr. Li Gen the in-charge of Transport, Mr. Li Xiaowu-security manager and Mr. Sun Xin-staff, were offering DCI investigators bribe of Kshs 500,000 as an inducement to influence an ongoing criminal investigation at the SGR Miritini terminus.

The Kenya Revenue Authority (KRA) is a very important component of the well-being of the general economic growth of the country. The truth is, without the KRA, there would be no development going on and the government would literally fail to function. It is KRA that makes sure that the government gets the much-needed revenue that is needed for the day to day running of functions and in the funding of developmental projects. KRA is the medium between the taxpayer and the government, but what happens when the medium fails and becomes a frustrating conduit that is used to torment…

Expeditions Maasai Safaris co-founder Pancras Karema and Michelle Ntalami of Marini Naturals emerged the top winners of the inaugural Young Entrepreneurs Awards (YEA) 2018. Karema bagged the Young Male Entrepreneur of the year while Ntalami was the female award winner in the awards that featured some of the most industrious businessmen and women in Kenya. “It’s a such a remarkable moment for Expeditions Maasai Safaris and myself to receive this recognition. This Award is a demonstration of our continued focus on availing as many holiday choices at affordable rates to you as possible and also underscores once again our desire…

While in its embryonic state Reggae music was the voice of the marginalized, the music is now played and embraced by a wide cross-section of society, including various genders, ethnic and religious groups. – UNESCO The late Bob Marley, on Thursday, won a spot on the United Nations’ list of global cultural treasures. Unesco, the world body’s cultural and scientific agency, said reggae music is an“intangible cultural heritage” deemed worthy of protection and promotion. Reggae music’s “contribution to the international discourse on issues of injustice, resistance, love, and humanity underscores the dynamics of the element as being at once cerebral,…