BY CORRESPONDENT,NAIROBI, 30TH JULY,2021-The KEPSA E-commerce Booster Program targeting 2000 Micro, Small and Medium sized enterprises (MSMES) launched on 25th February 2021, has surpassed the
Category: Business
Port of Lamu future looks bright as it receives a transshipment consignment of 103TEUS from Zanzibar enroute to Dubai
BY CORRESPONDENT,NAIROBI,16TH JULY,2021-Port of Lamu future looks bright as it receives a transhipment consignment of 103TEUS from Zanzibar enroute to Dubai The Port of Lamu
Airtel increases cost of making calls on its network as new taxes takes effects
BY JOAN WANJIKU,NAIROBI,2ND JULY,2021-Kenyans will pay more for voice and data as telecoms operators begin effecting a higher rate of excise duty. This is following
EPRA gets new director general as Daniel Kiptoo named new boss
BY JOAN WANJIKU,NAIROBI,30TH JUNE,2021-The Energy and Petroleum Regulatory Authority has confirmed Daniel Kiptoo as the new director general. In a statement on Wednesday, the authority
Kenya Power unveils customer self-service portal for new connections
BY JOAN WANJIKU,NAIROBI,21ST JUNE,2021-Kenya Power has launched a self-service portal to enable customers to conveniently apply for electricity connections from the comfort of their locations.
Nakuru automotive dealer charged with KShs142 million tax fraud
BY CORRESPONDENT,NAIROBI,18TH JUNE,2021-A Nakuru based automotives dealer has been charged before Milimani law court with eleven counts of tax frauds and other tax offences all
748 Air Services to continue Nairobi-Kisumu flights
BY JOAN WANJIKU,NAIROBI,18TH JUNE,2021-748 Air Services has Friday said its daily flights from Nairobi to Kisumu will continue as scheduled. 748 Air Service Managing Director,
EPRA rises price of petrol by 77 cents as diesel, kerosene remain unchanged
BY JOAN WANJIKU,NAIROBI,14TH JUNE,2021-The price of petrol has risen by 77 cents as that of diesel and kerosene remain unchanged. In an announcement by the
Its all systems go for AERC Bi-Annual Conference to Explore Public Finance Amidst the Covid-19 Pandemic
BY CORRESPONDENT,NAIROBI,31ST MAY,2021- The African Economic Research Consortium (AERC) will host its flagship international conference to discuss opportunities and challenges on the Covid-19 Pandemic and public
KCB Group Shareholders Approves Proposed Acquisitions in Rwanda and Tanzania, Dividend Payout of KShs. 3.2B.
BY CORRESPONDENT,NAIROBI,27TH MAY,2021-KCB Group shareholders have approved the proposal to acquire up to 100% of the issued ordinary shares in Banque Populaire Du Rwanda (BPR)
National Bank to pay KShs 510 Million for disallowed tax credits claim
BY CORRESPONDENT,NAIROBI,26TH MAY,2021-The Tax Appeals Tribunal has ruled that National Bank of Kenya Limited is liable to pay taxes amounting to Kshs. 510,951,944.00. The taxes
NCBA posts impressive quarterly report as it registers Ksh.2.8 billion in profit
BY CORRESPONDENT,NAIROBI,25TH MAY,2021-NCBA Group has posted a remarkable 75 per cent earnings surge in the first quarter with its quarterly profit soaring to Ksh.2.8 billion
KRA to collect KShs.1.4 Billion from rice wholesaler
BY CORRESPONDENT,NAIROBI,24TH MAY,2021-The Tax Appeals Tribunal (the Tribunal) has dismissed an Appeal filed by Jhulay LAL Commodities Ltd on grounds that the firm had failed
KRA set to enhance trade facilitation at the Port of Lamu
BY CORRESPONDENT,NAIROBI,19TH MAY,2021-Kenya Revenue Authority (KRA) has finalized its plans to enhance trade facilitation and fast-track cargo clearance at the New Lamu Port. The KRA
Safaricom registers a decreased net income to Kshs. 68B as M-pesa revenue tumbles May 13, 2021 10:41
BY CORRESPONDENT,NAIROBI,13TH MAY,2021-Safaricom Plc has recorded the first ever decline in full year earnings in its two decade run as net income dropped 6.8% to
KCB Launches Seniors and Children Medical Plan in Insurance Partnership with Jubilee Health
BY CORRESPONDENT,NAIROBI,4TH MAY,2021-KCB Insurance Agency in collaboration with Jubilee Health Insurance has launched a medical cover designed to provide care to children under 24years and
Ednah Otieno becomes first Kenyan promoted to GB office
BY CORRESPONDENT,NAIROBI,22ND APRIL,2021-East African Breweries Ltd Group Human Resources Director Ednah Otieno has been appointed Human Resources Director for Diageo in Great Britain. Ms Otieno
Small businesses can now breath easy as court suspends minimum tax
BY KORIR JUMA,NAIROBI,19TH APRIL,2021-The High Court sitting in Machakos has stopped the Kenya Revenue Authority from demanding payment of the minimum tax introduced by the
Equity Bank 2020 net profit down 12% on high loan loss provision
BY JOAN WANJIKU,NAIROBI,29TH MARCH,2021-Equity Bank Group will for the second year running not allocate any dividends to its shareholders after they were withheld following what
KQ plans to suspend all Domestic flights between Nairobi and Mombasa Monday
BY JOAN WANJIKU,NAIROBI,27TH MARCH,2021-All domestic flights between Nairobi and Mombasa will be suspended effective mid-day on Monday, March 29, 2021. Kenya Airways Acting Chief Commercial
Kenya Airways Records Ksh36.57 Billion Loss Before Tax
BY JOAN WANJIKU,NAIROBI,23RD MARCH,2021-National carrier Kenya Airways (KQ) as recorded a Ksh36.57 loss before tax in the financial year ended December 2020. Revenues for the
OPPO Kenya launches Reno5 series with two devices
BY JOAN WANJIKU,NAIROBI,22ND FEB,2021-The Reno5 will retail at Ksh41,999, while the Reno5 F, which starts selling on March 22, 2021 will retail at Ksh31,999. Reno5
Kenya & IMF reach agreement on Ksh.262.7 billion 3-year loan
BY NAMULONGO PETER,NAIROBI,15TH FEB,2021-Kenyan authorities and the visiting team from the International Monetary Fund (IMF) have reached a staff-level agreement on the disbursement of a
Safaricom approves Ksh.18.03 billion half year dividend pay out to shareholders.
BY KORIR JUMA,NAIROBI,11TH FEB,2021-Leading telecom operator Safaricom has shrugged off virus concerns on operations to approve a Ksh.18.03 billion half year dividend pay out to
KQ unveils cargo flights on repurposed Dreamliner craft
BY JOAN WANJIKU,NAIROBI,8TH FEB,2021-National carrier Kenya Airways (KQ) is expected to operate its first fully fledged cargo flight to London on the repurposed Boeing-787 Dreamliner
KRA registers amazing results collecting Sh166 billion against a target of Sh164 billion
BY NAMULONGO PETER,NAIROBI,17TH JAN 2021-Kenya Revenue Authority is confident of closing in on its revenue targets for the financial year ending June 30, after a
Motorists to dig deeper into their pockets to afford fuel as EPRA raises prices of Diesel by KSH 4.57
BY JOAN WANJIKU,NAIROBI,14TH JAN 2021-Users of diesel are expected to see the sharpest increase in costs at the pump effective Friday, January 15 with the
Good News:Safaricom announces new M-Pesa tariff reductions
BY JAON WANJIKU,NAIROBI,22ND DEC,2020-Safaricom on Tuesday announced new Mpesa tariff reductions. Chief Executive Officer Peter Ndegwa said the new tariffs is in consideration of the
Closure of Radisson Blu hotel signals difficult times for the tourism and hotel industry in Kenya
BY KORIR JUMA,NAIROBI,14TH DEC,2020-Radisson Blu hotel has shut down operations at its Upper Hill branch to mitigate economic effects of Covid-19 pandemic. According to Business Daily,
Kenya in a business deal with UK as Brexit beckons
BY NAMULONGO PETER, NAIROBI,8TH DEC 2020-Kenya and the United Kingdom have ratified a new trade deal ahead of UK’s exit from the European Union on
Equity nine months profit falls to Ksh.14.8 billion as COVID19 effects on economy bites
BY KORIR JUMA,NAIROBI,12TH NOV 2020-Equity Group has reported a 17 per cent profit decline in nine months to September 30 with earnings sliding to Ksh.14.8
Safaricom reports a decreased half year profit amounting to KSH 33B compared KSH 35.2B captured last year
BY KORIR JUMA,NAIROBI,9TH NOV 2020-Mobile phone services provider company Safaricom has reported a reduced Ksh.33 billion half year profit representing a six percent slide in
Insurers launch RetireMed, a post-retirement medical insurance cover
BY CORRESPONDENT,NAIROBI,3RD NOV,2020-Sanlam Life and Minet Kenya have launched an innovative post-retirement insurance product dubbed RetireMed, which is designed to assist Kenyans to save for
Safaricom marks 20 years with focus on farmers,students
BY KORIR JUMA,NAIROBI,27TH OCT,2020-Leading mobile phone services provider Safaricom says it will be seeking to evolve beyond its current realm of mobile connectivity as it
KCB Gets US$150 Million from IFC for SMEs Lending, Climate Finance
BY CORRESPONDENT,NAIROBI,13TH OCT 2020-KCB Bank Kenya has received an approval for US$150 million, from the International Finance Corporation (IFC) as lead syndicator, to support the
KBL Partners with NTSA to Enhance Road Safety in Kenya
BY CORRESPONDENT,NAIROBI,12TH OCT,2020-Kenya Breweries Limited (KBL) has partnered with National Transport and Safety Authority (NTSA) to educate and sensitize road users on responsible drinking in
KRA, seize alcoholic products affixed with counterfeit excise stamps worth Ksh. 12 million
BY CORRESPONDENT,NAIROBI,9TH OCT,2020-Kenya Revenue Authority (KRA) in conjunction with the multi-agency team charged with combating illicit trade has impounded more than 1,600 cartons of alcoholic
KRA unveils a mobile application as part of its efforts to simplify and enable taxpayers to conveniently access tax services.
BY CORRESPONDENT ,NAIROBI,5TH OCT,2020-Kenya Revenue Authority (KRA) has today unveiled a mobile application as part of its efforts to simplify and enable taxpayers to conveniently
KRA wins Kshs.255 million tax appeal by water company
BY CORRESPONDENT,NAIROBI,30TH SEPT,2020-The Kenya Revenue Authority has won a tax suit filed by Highlands Mineral Water Company Limited challenging a tax demand of Kshs.155.4 Million.
Former Tuskys Employees Protests In Nairobi, Demands 3 Months Pay
BY JOAN WANJIKU,NAIROBI,30TH SEPT,2020– Tuskys employees on Wednesday staged protests in the Central Business District (CBD) over delayed pay. The former employees who were fired
KCB customers to Enjoy Contactless Card Payment Service
BY JOAN WANJIKU,NAIROBI,18TH SEPT,2020-KCB customers using cards will now be able to enjoy a safe and secure contactless experience when they tap and pay for
Insurance broker in court for failing to remit Kes 11.8 million re-insurance premiums
BY CORRESPONDENT,NAIROBI,18TH SEPT,202-A Nairobi based Re-insurance broker has been arraigned in court over a Kes 11.8 million theft case. Underwriting Africa Ltd Chief Executive Officer
EPRA increases prices of Petrol by Ksh.1.48 as diesel and kerosene costs drop in its latest review
BY JOAN WANJIKU,NAIROBI,14TH SEPT 2020-Petrol prices are set to increase by Ksh.1.48 per litre at midnight on Monday as the Energy and Petroleum Regulatory Authority
Auctioneers raid Tuskys branch on Juja City Mall as its financial woes escalate
BY UPESI REPORTER,NAIROBI,12TH SEPT,2020-Retailer Tuskys has been forced to temporarily shut its branch at the Juja City Mall after auctioneers raided the premise late on
The Kenya Revenue Authority (KRA) has launched a mobile application
BY NAMULONGO PETER,NAIROBI,11TH SEPT,2020-The Kenya Revenue Authority (KRA) has launched a mobile application in its quest to ease compliance by taxpayers. Dubbed the KRA-M-Service App,
Tuskys Woes:Retailer shuts Nairobi CBD branch amid tough times
BY JOAN WANJIKU,NAIROBI,28TH AUG 2020-Troubled retailer Tuskys has shut another branch inside Nairobi’s Central Business District (CBD) in a continuation of rent rows with landlords.
TICAH Launches a Herbal and Nutritional Guide for Kenyan Households
BY CORRESPONDENT,NAIROBI,21ST AUG 2020-The Trust for Indigenous Culture and Health (TICAH) has updated the Herbal and Nutritional guide to provide Kenyan families with comprehensive and
Family Bank records 65PC profit for the period ending 30th June 2020
BY JOAN WANJIKU,NAIROBI,18TH AUG,2020-Family Bank has announced a 65 per cent growth in half year profit to Ksh.601.7 million from Ksh.364.4 million last year. The
EPRA reviews prices of petroleum products as Petrol, Diesel prices rise further
BY KORIR JUMA,NAIROBI,14TH AUG 2020-Motorists are set for higher costs at the pump as fuel costs for all three petroleum commodities pick-up in the latest
Change of guard at safaricom as Michael Joseph takes over as the new Safaricom Board Chairman after Nicholas Nganga retires
BY JOAN WANJIKU,NAIROBI,30TH JULY,2020-Michael Joseph is the new Safaricom Board Chairman following the retirement of Nicholas Nganga. Safaricom CEO Peter Ndegwa in a press statement