Business Daily Africa

Thin payslips, high loan costs drive Kenyans off car purchase The decline in vehicle acquisition comes at a time when most Kenyans are hurting from the high cost of living, contracted payslip due to increased taxation and recently rising fuel prices. More on https://lnkd.in/dGQccDnG

This week's newsletter highlights key business updates in Kenya, including anti-money laundering rules for MSMEs, NSSF contribution disputes, a 5.1% economic growth forecast, KenGen's solar investment, and rising loan defaults. It also touches on corruption in public services and disruptions from DRC violence. #BusinessInsights #KenyaEconomy #SustainableEnergy #MarketTrends #Regulations

On today’s episode, a discussion on embedding AI in mobile telephony with Anthony Hutia, Head of Mobile Division in East Africa, focusing on the newly unveiled Galaxy S25. Topics include: - Machine learning and personalized user experiences - Future of smart content creation with AI - AI & security: safeguards vs. hazards - Kenya's National AI Strategy 2025-2030 and its implications - Regional sales forecast Watch more: https://lnkd.in/dXNMhdtK CC: Amboko H. Julians, Anthony Hutia

Today's edition covers Kenya’s business updates, including Safaricom’s undersea cable plans, mobile money growth, Java House’s acquisition, increased road funding, and reduced discretionary spending due to taxes. #BusinessUpdates #KenyaEconomy #MobileMoney #Investments

This week’s Business Snapshot covers inspiring stories and key trends: Dr. Jacqueline Kitulu’s career-motherhood balance, the rise of walking as Kenya’s commuting norm, and Starlink’s rapid growth. Other highlights include financial lessons from debt cycles, tips for sustaining lifestyles amid career changes, science-backed fitness strategies, and insights on modernizing tax systems with tech. #BusinessInsights #Leadership #PersonalFinance #Innovation #KenyaTrends #HealthTips #DigitalGrowth #TaxReform #WeekendReads

Property prices in Nairobi and its environs grew at 5.2 percent in 2024, doubling the 2.5 percent rate of growth of 2023 on rising demand for standalone units, whose supply has declined relative to apartments. https://lnkd.in/dwqE5Cmm

The national government and teachers have differed over claims that Sh19 billion capitation funds had been disbursed to schools. Education Cabinet Secretary (CS) Julius Ogamba said the Treasury had sent the initial amount, as he assured head teachers and principals that the government will address other pending challenges in a fortnight. https://lnkd.in/d_W4tyEd

The impact of the withdrawal of the Finance Bill 2024 and economic uncertainty which followed the deadly youth-led protests against new and higher taxes saw Kenya Revenue Authority’s (KRA) receipts slow to a decade low, in early months of the current financial year. As a result, the taxman has intensified the use of various databases to pursue suspected tax cheats to enhance compliance amongst individuals and firms in the tax net. These include bank statements, import records, motor vehicle registration details, Kenya Power records, water bills and data from the Kenya Civil Aviation Authority, which reveals individuals who own assets such as aircraft. KRA Commissioner-General Humphrey Wattanga, in an email interview with the Business Daily, discusses the plans to sustain growth momentum in collections, amidst thinning room for new taxes. Read the full interview here https://lnkd.in/davzt6ce

Funds held as compensation for claimants of insurers will be held in a new fund dubbed the Insurance Protection Fund. https://lnkd.in/dr9_y6sK

Kenya Toyota dealer buys out Michelin’s stake in tyre firm. https://lnkd.in/dRDfDBwx