Nyandarua to host Kenya’s first luxury cemetery for celebs

Luxury cemeteries are increasingly becoming popular in developed countries as fabulously wealthy celebrities seek innovative ways to continue living a luxurious life even in death. Locally, the idea of a luxury cemetery is in-existent considering that a majority of wealthy…
Purple tea farming is a game changer for tycoons in Kenya

Black tea has for decades remained a major source of cash for agro-tycoons in Kenya, with the country being the world’s leading exporter of the commodity. In 2016, for example, the country earned a total of Sh120.6 billion from tea…
Chinese solar firms eye bigger slice of Kenyan market

A vibrant solar lighting market in Kenya has attracted a host of Chinese firms seeking to meet the rising demand for affordable solar lighting systems in the country. Guangzhou-based manufacturer of integrated solar solutions, Esavior, and Shenzhen Power Solution Limited…
World Bank sees Kenya economic growth slowing in 2017

Kenya’s economic growth is expected to slow down in 2017 owing to several internal and external forces. According to the World Bank, Kenya’s GDP growth is expected to slow down to 5.5 per cent compared to the 5.8 growth in…
KRA nets Sh10bn rental income tax from 52,000 landlords

The Kenya Revenue Authority (KRA) has collected Sh10 billion from 52,000 landlords since 2016, as its hunt for a share of property-owners’ income continues to bear some fruit. The KRA, which has recently mounted a harsh crackdown on non-compliant landlords,…
Pension funds to commit big money to mega roads projects

The expansion of the Sh14 billion Nairobi –Nakuru– Mau Summit road, one of Kenya’s biggest infrastructure projects, is set to begin soon, thanks in part to millions of pension savers. Following the amendment of laws to enable development finance institutions…
Safaricom declares record dividend for shareholders

Safaricom on Wednesday reported that it booked a 27.1 per cent growth in net profit to Sh48.4 billion in the year ended March, and that it would pay Sh38.9 billion in dividends. The 2017 dividends payout – the highest in…