Nairobi County hosts the international Trade Fair with more than 500 local and international traders showcasing their goods to viable clients; On innovation and technology, an innovator comes up with Lactose free Ice cream viable for children and the elderly; and On corporate news, East African Breweries PLC has reported a significant progress in the Net-Zero journey by emitting 55 percent less carbon in the last year.
Tag: Business Weekly
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Business Weekly: Kenya and Indonesia sign trade agreements
President William Ruto welcomes his Indonesian counterpart Joko Widodo to statehouse Nairobi for the signing of trade agreements; Kenya Reinsurance Corporation Limited (Kenya Re) reports a Profit after Tax of 900 million shillings for the half-year period ended June 30, 2023; and an application that connects motorists with mechanics is invented as Kenyans take technology by storm.
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Business Weekly: State employees get 7-10 per cent salary raise
State employees will now get a 7-10 per cent salary raise and backdated to July 1 after a freeze placed in 2021.
The salaries body told editors at a breakfast meeting in Nairobi this week that the salary review is based on growth momentum that picked up immediately after Covid-19.
Salaries and Remuneration Commission (SRC) says the National Treasury has allocated 27.1 billion Shillings for 2023/24 to undertake the exercise.
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Business Weekly: Reprieve for Government as the suspension of the Finance Act is lifted
It is a major reprieve for President William Ruto whose government has been facing challenges on spending since the new financial year begun after the Court of Appeal lifted the conservatory orders barring the implementation of the Finance Act 2023.
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Business Weekly: Kenya’s economy expanded by 5.3% in the first quarter of 2023
The local economy expanded by 5.3 percent in the first quarter of this year, a faster pace than 3.7 percent in the previous period ending December 2022.
The rate of economic growth according to the Kenya National Bureau of Statistics (KNBS) is also higher compared to 4.3% recorded in the quarter ended September 2022.