Business Daily Africa

BDAfrica features a variety of articles from the Business Daily newspaper, which is based in Nairobi and produced by the Nation Media Group. Additionally, it offers unique content that is available exclusively online.

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Watchdog ends exclusive internet contracts in housing estates

3 days ago | businessdailyafrica.com | Vincent Owino

Real estate developers and residential estate managers have been barred from entering exclusive agreements with internet service providers (ISPs) as the Competition Authority of Kenya (CAK) moves to open up consumer choices and curb rising monopolies in housing estates.
State eyes extra Sh129bn debt for housing projects

4 days ago | businessdailyafrica.com | Vincent Owino

The government plans to raise Sh129 billion through the Nairobi Securities Exchange (NSE) using Sukuk bonds and real estate investment trusts (REITs) to expand the affordable housing programme. This is despite a substantial part of the taxes collected from the Affordable Housing Levy lying unabsorbed, with the government parking the funds in Treasury bills to earn interest.
Used car dealers sue KRA over new tax calculation

4 days ago | businessdailyafrica.com | Philip Muyanga

Car Importers Association of Kenya (Ciak) has sued Kenya Revenue Authority (KRA) over the agency‚Äôs new motor vehicle price list that will form the basis for collecting taxes on used models arriving in Kenya from July 1. The taxman recently updated the Current Retail Selling Price (CRSP) which forms the basis for levying six taxes including excise and import duty after depreciation.
Watchdog flags Hinga for meddling in Sh1.9bn homes tender

5 days ago | businessdailyafrica.com | Patrick Alushula

The procurement watchdog has put Housing and Urban Development Charles Principal Secretary Charles Hinga on the spot for allegedly meddling in a Sh1.93 billion tender for an affordable housing project in Machakos.
Cookstoves startup Burn raises Sh10bn for expansion to Zambia

5 days ago | businessdailyafrica.com | Vincent Owino

Kenyan-born cooking appliances maker Burn Manufacturing has secured Sh10.3 billion ($80 million) funding from the Trade and Development Bank (TDB) Group, to expand into Zambia and boost supply in two of its markets, supporting its regional growth drive. The funding package â€“comprising debt and a performance-based grant from the regional financier with support from the World Bankâ€“ was announced last Wednesday on the sidelines of the Africa Energy Forum (AEF) in Cape Town, South Africa.
When KRA comes calling, trauma hits

5 days ago | businessdailyafrica.com | Carol Musyoka

In 2000, I was working at a bank and my boss decided to host a cocktail party for all our clients at his house. We all invited our customers and I, being in the public sector team, invited my parastatal clients made up of their managing directors and finance heads.
Ovulation pain: Why it hurts more for some and how to cope

5 days ago | businessdailyafrica.com | Wangu Kanuri

It’s not your period, but it hurts like hell. You’re not sick, but you’re bloated, irritable, and spotting. Welcome to ovulation, the mid-cycle moment that’s misunderstood, under-discussed, and sometimes unbearable. For some women, ovulation passes quietly. For others, it barges in like an uninvited guest, bringing mood swings, pelvic pain, sticky discharge, and a flood of questions even Google struggles to answer. Is it normal? Is it serious? Or is your body just doing its thing?
Justine Kosgei: Why one-size-fits-all insurance can no longer work for today's customer

1 week ago | businessdailyafrica.com | Patrick Alushula

Medical insurer, AAR, which started operations in 1984 as a rescue and emergency services company before converting into an insurer in 2012, has been riding on technology such as artificial intelligence (AI) to repackage its products as it diversifies into other classes of insurance.
Motorists face a must vehicle inspection cost, alcoblow in new rules

1 week ago | businessdailyafrica.com | Patrick Alushula

Motorists are set for tougher traffic rules including alcoblow checks and mandatory vehicle inspections as the State presses on with the plan that imposes harsher penalties for traffic violations. Roads and Transport Cabinet Secretary (CS) Davis Chirchir has now invited public input on the expected impact of the rules, which had earlier faced opposition from entities such as the Kenya Human Rights Commission.
Equity seizes EA Cables as TransCentury files new case

1 week ago | businessdailyafrica.com | Kabui Mwangi |Peter Mburu

An administrator appointed by Equity Bank on Thursday took control of East African Cables but its parent firm TransCentury managed to block seizure by the bank, which was enforcing its claim of Sh4.74 billion that the two firms have defaulted on. Equity failed in its bid to take over control of a property associated with investment firm TransCentury in Nairobi’s Lavington neighbourhood, after the lender’s appointed receivers were locked out of the premises by the entrance guard.