Noel Wandera

Kenya

Writer at People Daily Kenya

A Consumate Public Relations and Media Consultant. Change Is The Only Constant In My Life

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Articles

Treasury wipes domestic mart as yields hit 13.6pc

1 week ago | peopledaily.digital | Noel Wandera

The National Treasury wiped over Sh43.5 billion from the domestic market this week through a reopened 20-year bond, surpassing its Sh30 billion target and highlighting persistent investor caution over Kenya’s fiscal direction. The FXD1/2012/020 bond, which matures in 2032 with a 12 per cent coupon, attracted bids worth Sh54.4 billion, reflecting strong demand and a performance rate of 181 per cent.
Oil import bill dips to Ksh575B in 2024

1 week ago | peopledaily.digital | Noel Wandera

| Kenya’s petroleum import bill fell sharply by 8.1 per cent to Sh575.5 billion in 2024, offering much-needed relief to the economy as global crude prices declined for the second straight year and the Kenyan shilling strengthened against the US dollar. This drop came despite a 20.9 per cent surge in total petroleum imports to 5.2 million tonnes, reflecting both increased domestic demand and a more than threefold jump in re-exports, which reached 995.4 thousand tonnes.
Miano says fresh plans on wildlife victims rolled out

1 week ago | peopledaily.digital | Noel Wandera

| The government has rolled out a technology-driven compensation scheme designed to enhance speed, transparency and fairness in compensation to communities affected by wildlife incursions. Tourism and Wildlife Cabinet Secretary Rebecca Miano said the initiative, now active in six high-incidence counties, replaces a cumbersome manual system that for years left thousands waiting for relief after devastating losses.
How digital streaming platforms are driving millions of dollars into artists’ bank accounts

1 month ago | peopledaily.digital | Noel Wandera

| The creative industry remains a hidden gem as a business, despite music revenues in sub-Saharan Africa reaching a historic high of $110 million (Sh14.2 billion), surpassing the $100 million (Sh12.9 billion) mark for the first time. ‘The region recorded an impressive 22.6 per cent growth rate, according to the International Federation of the Phonographic Industry (IFPI), which represents the global recording industry.
EABL tightens grip on UBL after 98.32pc stake uptake

1 month ago | peopledaily.digital | Noel Wandera

| East African Breweries Limited (EABL) has tightened its grip on Uganda Breweries Limited (UBL) by increasing its stake to 98.32 per cent. This move marks a significant milestone in EABL’s continued expansion and consolidation across the East African market, reinforcing its competitive position in the region’s highly dynamic alcoholic beverage industry.
Treasury raises Sh71.4b for more fiscal obligations

1 month ago | peopledaily.digital | Noel Wandera

| The National Treasury has successfully raised Sh71.4 billion in its latest Treasury Bonds auction held on April 2, 2025. The funds will primarily redeem Sh90.85 billion in maturing obligations, with the remaining Sh19.45 billion allocated for net repayment or new borrowing. This strategic issuance reflects the government’s focus on debt management while sustaining development initiatives and addressing fiscal gaps.
Credit drops due to tighter monetary policy - experts

1 month ago | peopledaily.digital | Noel Wandera

| Kenya’s private sector saw a surge in non-performing loans (NPLs) as credit shrank by 1.4 per cent in the 12 months to December 2024, a sharp reversal from the 13.9 per cent growth recorded in 2023. Central Bank of Kenya (CBK) data shows that this decline in credit follows the combined effects of tight monetary policy, elevated lending rates, and the appreciation of the shilling, which reduced the value of foreign currency-denominated loans.
Aviator hits headwinds as noose on gaming tightens

1 month ago | peopledaily.digital | Noel Wandera

| Kenya’s gaming industry faces a major shake-up as the Betting Control and Licensing Board (BC&LB) cracks down on standalone crash and aviator game applications, even as the world considers the sector a gray area amid surge in online betting. In a decisive move, the regulator has mandated that all such games operate exclusively on licensed platforms, effectively banning independent apps and websites.
Forex tax exemption eases costs for businesses, but strains KRA’s collections

1 month ago | peopledaily.digital | Noel Wandera

| Kenyan businesses and consumers have got a major reprieve after the Tax Appeals Tribunal (TAT) ruled that foreign exchange (forex) margins are exempt from excise duty. This decision overturns the Kenya Revenue Authority’s (KRA) long-held position that profits from currency conversion qualify as taxable fees, potentially lowering transaction costs while complicating the tax agency’s revenue collection efforts.
Absa shareholders to take home Sh9.5b in dividends

1 month ago | peopledaily.digital | Noel Wandera

| Absa Bank Kenya more than doubled its dividend payout to Sh9.5 billion, translating to Sh1.75 per ordinary share, as its net profit for the year ended December 31, 2024, surged to Sh 20.9 billion. During the period, total revenue grew by 14 per cent to Sh62.3 billion, driven by a 15 per cent increase in net interest income to Sh46.2 billion and an 11 percent rise in non-interest income to Sh16.1 billion.