Taxpayers spent Sh1.9 billion in rent for Kenyan diplomats over the nine months to September in top cities like London, Washington and New York who have been forced to rent homes as their State-owned residences fall apart due to neglect.
Kenya is steadily enhancing its attractiveness to international investors, but “endemic” corruption slows the flow of foreign capital into the country's economy, the US State Department said on Thursday.
The Kenya Revenue Authority (KRA) is preparing to raid drinking water and other beverages from September in an effort to raise an additional Sh3.6 billion from excise tax following the introduction of additional excise stamps.
Mobile-based online lending firms should be regulated to avoid their usage as channels for introducing illegally-obtained cash into the financial system, Central Bank of Kenya governor Patrick Njoroge has said.
Kenyans living abroad sent home more money last year than the rest of the East Africa Diaspora combined, World Bank data shows, revealing the difference in the quality of earnings of the different nationalities.