Joann Store Closures 2025 Over Bankruptcy and Liquidation
Joann, the 82-year-old fabric and crafts retailer, will close all of its approximately 800 stores by May 2025, marking the end of an era for…
Kisii auctioneers storm Amaco insurance over unpaid rent
Operations at the Africa Merchant Assurance Company (Amaco) in Kisii were interrupted on Tuesday when auctioneers came to the office to collect rent money that…
Kenya’s Domestic Debt Soars from KES 183B to KES 6T in 2025
Kenya’s domestic debt has crossed KES 6 trillion for the first time in history. Up from KES 4.81 trillion when President William Ruto took office.…
KRA’s Reforms Drive VAT to Surpass Target, Record Historic Performance of Kshs. 34.552…
17th February 2025 – Strategic reforms at the Kenya Revenue Authority’s (KRA) Domestic Taxes are beginning to yield significant results, with gross VAT collection reaching…
Muguka, Miraa Prices Increase Amid Government Regulations
Kenya’s government has increased Miraa prices, with a kilogram of Grade 1 now at Sh1,300 (up from Sh700). Grade 2 will cost Sh700 per kg…
Kenya raises Ksh 130B through CBK infrastructure bonds sale
The Central Bank of Kenya (CBK) has successfully raised Ksh 130 billion through the sale of two reopened infrastructure bonds (IFBs) in a February auction,…