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Business and Finance
Source : (remove) : Tuko
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  • Fri, March 21, 2025

by: Tuko

Time for Govt to Introduce Credit/debit Cards, Curb Excess Travel and Other Expenditures

Kenya loses millions of shillings through exaggerated claims, double payments, and outright ghost expenditures linked to per diems and travel allowances.
  • Sat, March 15, 2025

by: Tuko

Kenya's Smallholder Farmers Receive Boost after Avenews Launched KSh 2.5b Financing Programme

The company which started in 2017 has been transforming the agricultural supply chain in Kenya through tailored and innovative financing products.
  • Wed, March 5, 2025

by: Tuko

Kiharu MP Ndindi Nyoro Kicked out As Budget and Appropriations Committee Chair

Kiharu Member of Parliament Ndindi Nyoro has been removed from his position as chairperson of the National Assembly's Budget and Appropriations Committee.

by: Tuko

How to Determine Financial Stability of SACCOs in Kenya: Factors to Consider Before Joining

When considering joining a SACCO in Kenya, assess its financial stability to ensure your investment is secure. Key factors to evaluate include its capital base.
  • Mon, March 3, 2025

by: Tuko

KETRACO Announces 22 Job Vacancies for Senior, Graduate and Assistant Positions

The Kenya Electricity Transmission Company Limited (KETRACO) has announced 22 job vacancies in engineering, legal, finance, and supply chain management.
  • Sun, March 2, 2025

by: Tuko

Iran lawmakers sack minister over economic woes

Iran's parliament sacked the country's finance minister on Sunday after impeaching him over soaring inflation and a plunging currency, state television reported. - 'Chronic inflation' - "The most important problem of the country's economy is inflation,
  • Sun, February 23, 2025

by: Tuko

Can Kenyans Buy Bread with Crypto? Experts Weigh in on Cryptocurrency Adoption and Everyday Use

Experts weigh in on stablecoins, blockchain adoption, and crypto-to-cash solutions in Kenya amid the growing adoption driven by tech-savvy youth population.

by: Tuko

Well-off Hong Kong daunted by record deficits

Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles. Lawmaker Edmund Wong cautioned against pay cuts for civil servants,
  • Sat, February 22, 2025

by: Tuko

University of Kabianga Advertises 20 Vacancies for Job Seekers

The University of Kabianga has announced 20 job vacancies, offering opportunities for both academic and non-teaching staff. The positions include lecturer roles.
  • Wed, February 12, 2025

by: Tuko

APHRC Advertises Field Interviewer Jobs for Form 4 Leavers with KCSE C+, Other Positions

The African Population and Health Research Center (APHRC) has announced job openings for field interviewers, inviting applications from Form 4 leavers with KCSE C+.
  • Tue, February 11, 2025

by: Tuko

Kenya National Police Service Commission Announces 149 Job Vacancies

The commission sought to recruit top managerial and support staff, urging qualified and candidates to submit applications on or before Friday, February 21, 2025.

by: Tuko

William Ruto's Cabinet Approves KSh 4.2 Trillion Budget Proposal for 2025/26 FY

The Kenyan Cabinet, chaired by President William Ruto, approved the KSh 4.2 trillion 2025/26 budget proposal and a KSh 344 billion supplementary budget.

by: Tuko

Africa Tech Summit 2025: Over 100 Big Brains in Tech-World Set to Speak in Nairobi

The 7th Africa Tech Summit Nairobi will bring together over 100 top speakers, including leaders from AWS, IBM, Binance, and the London Stock Exchange.

by: Tuko

Kenya National Police Service Commission Announces 149 Job Vacancies 2025

The commission sought to recruit top managerial and support staff, urging qualified and candidates to submit applications on or before Friday, February 21, 2025.
  • Mon, February 10, 2025

by: Tuko

Kenya Airways Announces 13 Job Vacancies in Nairobi

Kenya Airways has announced 13 job vacancies across operations, finance, IT, and human resources, inviting qualified candidates to apply before the deadlines.

by: Tuko

Safaricom Advertises Internship Opportunities for Kenyan Students and Graduates, How To Apply

Safaricom said the Annual Internship Program for 2025/26 will be offered across different departments including Human Resources, Finance, and Cyber Security.
  • Wed, February 5, 2025

by: Tuko

List of Taxes, Levies CS Mbadi Could Spare from Rate Hikes in Finance Bill 2025

Federation of Kenya Employers (FKE) warned the government against raising more taxes that could overburden businesses and increase payroll deductions.

by: Tuko

Africa Tech Summit Nairobi 2025 to Unite Industry Leaders for Innovation and Investment

The 7th Africa Tech Summit Nairobi returns on Feb 12-13, 2025, uniting tech leaders, investors, startups, and policymakers to explore Africa's digital economy.
  • Tue, February 4, 2025

by: Tuko

NCBA Bank Announces Several Jobs for Kenyans in February 2025

NCBA bank advertised job vacancies in the fields of information technology, fraud monitoring, and management, urging all qualified and candidates to apply.
  • Mon, January 27, 2025

by: Tuko

DeepSeek: China's New Open Source AI Sends Shockwaves Across US Stock Market

Chinese-made DeepSeek has sent shockwaves across the US stock market with a significant price drop among tech firms such as Nvidia, Microsoft, and Meta.

by: Tuko

Safaricom Announces Several Jobs for Kenyans, How to Apply

The leading telecommunications firm Safaricom PLC sought to recruit qualified individuals in the fields of communication, cybersecurity, and finance.
  • Fri, January 24, 2025

by: Tuko

Tanzania Unveils New Banknotes to Be Circulated from February 2025

Tanzania has introduced new banknotes, which will begin circulating in February 2025. The updated currencies based on the 2010 series feature minor modifications.
  • Thu, January 23, 2025

by: Tuko

Kenya's Debt Distress: Govt Warned to Reduce Borrowing, Cut Taxes to Salvage Falling Economy in 2025

President William Ruto's administration faces a high risk of debt distress in 2025, which could further sink Kenya's economy. Institute of Public Finance (IPF) Kenya Macro Fiscal Analytic Snapshot 2025, indicated that Kenya has breached all the International Monetary Fund (IMF) debt sustainability ratios.
  • Tue, January 21, 2025

by: Tuko

Kenya Wildlife Service and PSC Advertise Multiple Job Vacancies

The Kenya Wildlife Service (KWS) and the Public Service Commission (PSC) have announced various job opportunities, including with applications due by February 2025.
  • Fri, January 17, 2025

by: Tuko

World Bank Announces Internship Programme Paying Hourly Salary, KSh 388k Commuter Allowance

The World Bank has unveiled its 2025 internship programme, which offers candidates a competitive hourly salary and a commuter allowance of KSh 388,500.
  • Tue, January 14, 2025

by: Tuko

Kenya Railways Announces Several Career Opportunities with January Deadline

Kenya Railways Corporation sought to recruit qualified and interested candidates in various fields such as communication, marketing, finance, and management.
  • Thu, January 9, 2025

by: Tuko

Donald Kipkorir Sparks Reactions After Asking Govt to Print Money to Finance Public Expenditure

Nairobi lawyer Donald Kipkorir has sparked widespread reactions after suggesting that the Kenyan government should print money to finance public expenditure.
  • Mon, January 6, 2025

by: Tuko

Kenyans React as Govt Dissolves 202 Companies, Plans to Shut Down 115 in 2025

William Ruto's dissolved more than 200 companies operating in Kenya for the year ending December 2024, warning over 100 firms that they risk closure in 2025
  • Sat, January 4, 2025

by: Tuko

Agricultural Finance Corporation Announces 21 Jobs for Credit Officers, Other Positions

The Agricultural Finance Corporation (AFC) has announced 21 job openings, including positions for credit officers, accountants and other key roles.
  • Thu, January 2, 2025

by: Tuko

List of 7 Multi-Billion Business Deals President Ruto Inked in 2024

William Ruto's administration reached multi-billion shilling agreements in the year ending December 2024, including the construction of Nairobi-Mombasa Expressway

by: Tuko

Makueni Space Object: Kenya, Other Countries Where Rocket Parts Mistakenly Fell

Kenya Space Agency (KSA) confirmed that the partially burnt metallic object weighing approximately 500 kg and measuring 2.5 meters in diameter was from a rocket.
  • Tue, December 31, 2024

by: Tuko

Kenyans Pay More for Food, Cooking Gas in December as Inflation Rises

Kenya National Bureau of Statistics (KNBS) reported a sharp rise in the consumer price index (CPI) in December due to increased prices of food and non-food items.
  • Sun, December 29, 2024

by: Tuko

List of Things to Consider Before Joining Sacco or MMF in Kenya

Before joining a Sacco or Money Market Fund (MMF) in Kenya, it is crucial to assess your financial goals and risk tolerance. Kenyan financial experts shared tips.
  • Tue, December 24, 2024

by: Tuko

27 Tax, Money and Business Laws William Ruto Signed in 2024

A comprehensive recap of Kenya's 2024 legislative landscape, highlighting key laws, public reactions, and court rulings that shaped the nation's policies.
  • Thu, December 19, 2024

by: Tuko

List of Kenya Commercial Banks That'll Close Shop, Merge after Ruto Signed New Law

President William Ruto signed the Business Laws Act 2024, which stipulated that commercial banks must have a minimum core capital of KSh 10 billion.
  • Mon, December 16, 2024

by: Tuko

Raimond Molenje Takes Helm as Kenya Bankers Association CEO, Effective December 2024

Raimond Molenje has been appointed CEO of the Kenya Bankers Association, effective December 1, 2024, bringing over 19 years of leadership and legal expertise.
  • Fri, December 13, 2024

by: Tuko

HELB Tourism Fund: Kenyan Govt Launches Revolving Finance for Wildlife Students

Tourism Training revolving Fund, in collaboration with the Higher Education Loans Board (HELB), seek to encourage young Kenyans to take a career in tourism.
  • Mon, December 9, 2024

by: Tuko

UK finance minister hails 'milestone' talks with EU counterparts

UK finance minister Rachel Reeves advocated Monday for "more normal trading relations" with the European Union, as she became the first British chancellor since Brexit to attend a meeting of eurozone counterparts.
  • Fri, December 6, 2024

by: Tuko

Kenya to Borrow KSh 500b Diaspora Loan to Upgrade JKIA, Finance Other Projects

Time for Govt to Introduce Credit/debit Cards, Curb Excess Travel and Other Expenditures

Kenya loses millions of shillings through exaggerated claims, double payments, and outright ghost expenditures linked to per diems and travel allowances.
The article from MSN discusses the need for the government to introduce measures to control excessive spending, particularly focusing on the use of credit and debit cards for travel and other expenditures. It highlights the growing concern over public officials' lavish spending on travel, accommodations, and other non-essential expenses, which often goes unchecked due to the ease of using government-issued credit cards. The piece argues for stricter regulations and oversight on these financial tools to ensure transparency and accountability in government spending. It suggests implementing limits on card usage, requiring detailed justifications for expenditures, and possibly adopting a pre-approval system for significant expenses. The overall tone is one of urgency for fiscal responsibility and the prevention of misuse of public funds.

Read the Full Tuko Article at:
https://www.msn.com/en-xl/politics/government/time-for-govt-to-introduce-credit-debit-cards-curb-excess-travel-and-other-expenditures/ar-AA1Bm7Zn

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