Landlords setting rent in dollars

A number of prime office space landlords in Nairobi are now setting rent prices in dollars, joining a growing number of businesses that are pegging daily sales prices on the movement of the greenback in a bid to cushion themselves against forex losses triggered by the weakening shilling.The emerging preference…

Treasury slashes NIS budget by Sh10 billion

The Treasury has slashed the budget of the National Intelligence Service (NIS) by Sh10 billion as the State moves to implement an austerity plan on the expenditures of ministries, departments, and agencies (MDAs) in the current 2022/2023.The Treasury cut the budget for the security intelligence from S6.127 billion to Sh36.127…

Dangers of oversharing your job on social media

In today's workplaces, social media platforms have increasingly become important tools for employees' career promotion and well-being.Using Facebook, Twitter, Instagram, and TikTok pages to publish 'A Day in my life' videos is a trend that had caught up among employees, especially in the last few years. While sharing details about…

KTDA farmers borrow Sh7.5bn in six months

Tea growers have received Sh7.5 billion in loans in six months from the Kenya Tea Development Agency (KTDA) subsidiary Greenland Fedha Limited.The microfinance cut its interest rate to eight percent in December 2021, down from the 21 percent it was charging, saving farmers Sh500 million during the period, the lender…

KeNHA gets nod to remove billboards removal nod

Kenya National Highways Authority (KeNHA) has received the court's backing to remove billboards erected on road reserves without approval from its Director General.The Court of Appeal said in a ruling that anyone seeking to erect billboards on road reserves or along the highways should seek approval from the Director General…