Prime News Kenya

Current Business News in Kenya: Banking | Economics

Regulator rules out reduction in power bills

The cost of idle capacity is set to wipe out nearly all the gains made as cheaper energy sources come on to the national grid, the energy regulator has said, dashing hopes for lower rainy season power bills.

Uganda joins ban on Kenya notes

Kenya students, forex bureaus, banks and Kenyan living in Uganda and Tanzania will not be allowed to change their currency in the country after Bank of Uganda joined Tanzania central bank in banning Kenyan currency conversion.

KRA asks insurance firms for data on payments to doctors

The Kenya Revenue Authority (KRA) has ordered hospitals, insurance companies and brokers to file information on doctors’ fees payments dating back four years in a fresh crackdown on tax-evading health professionals.