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The 95-year-old investor, who is stepping down from his role of Berkshire Hathaway chief executive at the end of the year, said he’s going to stop writing the company’s annual letters and speaking at its meetings.
The report estimates that the world loses roughly 324 billion cubic meters of freshwater every year, enough to satisfy the yearly needs of around 280 million people. These figures reveal that water shortages are no longer just an environmental concern—they are now a pressing economic challenge that could undermine development progress across the globe.
According to a notice issued on November 7, the verification will apply to 2025 tax returns that will be filed through the iTax system before June next year. KRA said it will compare the information provided by taxpayers with its own data sources, including the TIMS and eTIMS platforms, Withholding Income Tax details, and import records maintained under its customs systems.
The Treasury’s latest annual monetary report shows that the value of on-lent loans now stands at more than Sh1 trillion, made up of Sh874.91 billion in donor-funded financing and Sh322 billion from the national government. Many of these loans, the report notes, have been poorly utilised, with some projects stalling or failing to start.
The pension scheme’s members are mainly former staff of the defunct Kenya Posts & Telecommunications Corporation, Telkom Kenya, Postal Corporation of Kenya, and the Communications Commission of Kenya (now Communications Authority of Kenya). Most of the properties were transferred to the scheme over two decades ago during the restructuring of the postal and telecoms sector.
CBK data shows that the gap between loan and deposit rates has widened sharply, reaching a nine-year high of over seven percentage points. This means banks are charging borrowers far more for credit while offering savers very little in return, despite a significant drop in the benchmark rate to 9.25 per cent.
Counterpoint Research reports that in the first ten days, the iPhone 17 series sold 14% more than the previous generation in the US and China, with the base iPhone 17 and iPhone 17 Pro Max leading demand. The iPhone Air, described as the thinnest iPhone ever, has seen “muted customer interest,” according to UBS, which tracks retail wait times.
Introduced in 2019, Fuliza allows M-Pesa customers to complete transactions even when their wallet balance is insufficient, as long as they stay within a credit limit set based on their transaction history. The service operates in partnership with NCBA and KCB Bank, who underwrite the loans, ensuring that users can cover shortfalls when sending money, withdrawing cash at M-Pesa agents, paying bills, or buying airtime.
Group CEO Peter Ndegwa announced on Thursday that Safaricom’s net income jumped 52.1% to Sh42.8 billion in the first half of the year, while service revenue climbed 11.1% to nearly Sh200 billion.
Treasury data shows that Kenya’s debt to the US dropped sharply to $185.47 million (Sh23.9 billion) by June, from $310.13 million (Sh40 billion) a year earlier. This reduction now places the US behind Belgium and Italy among Kenya’s bilateral lenders, marking a significant shift in debt structure.
The latest Purchasing Managers’ Index (PMI) from Stanbic Bank shows that business activity expanded for the second consecutive month, reaching 52.5 points from 51.9 in September — the highest level since February 2022.
For Zuku, the new ownership is expected to bring in fresh capital that will enhance network stability, improve customer experience, and expand fibre coverage. The firm has in the past faced persistent complaints about slow speeds and service interruptions, challenges that Axian says it is ready to tackle as it integrates the brand into its wider operations.