The first treehouse that Paul Simkim ever built was for his children. The second is the Nairobi Dawn Chorus, now at his backyard in Loresho. Perched high amidst towering trees within a wild lush green valley overlooking a river, it has become a minimalist retreat for Kenyans looking for a…
Cytonn Investments’ troubled private funds have triggered fresh regulatory action in the wake of mounting complaints from investor reports of delayed payment of returns from real estate investments. The Capital Markets Authority (CMA) on Thursday said it has opened investigations into Cytonn High Yield Solutions (CHYS) and Cytonn Project Notes…
The High Court has ordered maintenance of the status quo regarding payment of trade licence fees in a dispute pitting importers of used vehicles and Mombasa County. Under the umbrella of Car Importers Association of Kenya (Ciak), dealers had sued the county government of Mombasa, challenging a demand for payment…
Kenya has frozen a Sh82 billion salary increments for all civil servants for two years, starting July following a deal agreed with International Monetary Fund (IMF) to keep pay unchanged until 2025. The Salaries and Remuneration Commission (SRC) on Thursday revealed the freeze, highlighting the gravity of the country’s rapidly…
Cytonn Investments’ troubled private funds have triggered fresh regulatory action in the wake of mounting complaints from investor reports of delayed payment of returns from real estate investments. The Capital Markets Authority (CMA) on Thursday said it has opened investigations into Cytonn High Yield Solutions (CHYS) and Cytonn Project Notes…
Kenya has frozen salary increments for all civil servants for two years starting from July, dampening their prospects of better fortunes amid tough economic times due to the Covid-19 pandemic. The suspension announced by the Salaries and Remuneration Commission (SRC) affects basic salary, allowances and benefits paid in the public…
Kenya will start controlling medical bills and doctors’ fees if Parliament adopts a proposed law that aims to curb the surge in hospital expenses. Hospital charges will be determined and capped by an 11-member council that includes the Principal Secretary for Health, the Attorney General and an official from the…
Donor reimbursements to Kenya for its troops fighting Al-Shabaab militia in Somalia have been cut 66 percent or Sh4.9 billion in the new financial year starting July, as the UN-backed planned date for exit draws closer. A report tabled in Parliament by the Treasury showed that the European Union (EU)…
The High Court has ordered maintenance of the status quo regarding payment of trade licence fees in a dispute pitting importers of used vehicles and Mombasa County. Under the umbrella of Car Importers Association of Kenya (Ciak), dealers had sued the county government of Mombasa, challenging a demand for payment…
Treasury Secretary Ukur Yatani has capped loans to be accessed by businesses owned by youth, women and disabled people under the new Biashara Kenya Fund that will receive Sh2.5 billion to start operations. Mr Yatani has also lowered the maximum loan for a single borrower under the Fund to Sh2.5…