Sasini Sinks Into KSh 562.9 mn Loss on Higher Costs, Supply Chain Disruptions
Listed agricultural firm Sasini Plc has sank into losses, registering a KSh 562.9 million in loss after tax for the year ended September 2024 compared to a KSh 542.3 million [...]
Kenya Ratifies Treaty to Prevent Tax Avoidance by Multinational Firms
Kenya has ratified a treaty that blocks multinational firms from abusing taxation loopholes and shifting profits, the Organization for Economic Cooperation and Development (OECD) has confirmed. Kenya deposited its instrument [...]Mombasa Port Reaps from Red Sea Crisis, Posts 133% Jump in Traffic
Transshipment traffic through the Mombasa Port jumped by 132.9%, an increase of of 280,593 twenty-foot equivalent unit (TEUs), to 491,666 TEUs in 2024 as the critical gateway benefitted from the [...]Nairobi Bans Hawking Along Major Streets
The County Government of Nairobi has issued a notice to hawkers ordering them to vacate major streets along various roads in the Central Business District (CBD). “The general public is [...]Green Electricity Generation Declined in Q3 2024-KNBS
Electricity generated from green sources declined in the third quarter of last year, while production from hydropower sources increased significantly, data from the Kenya National Bureau of Statistics shows. The [...]Canadian Entrepreneur Acquires KK Security's Parent Company
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of Doctor No Parent Limited the parent company of KK Security by Canadian entrepreneur Stephan Crétier. “This [...]Pension Contributions' Tax Free Limit Raised by 50% to Address Inflationary Burden
The Retirement Benefits Authority (RBA) has announced that amendments to pension laws, which include raising the tax deductible contribution limit to KSh 360,000 annually, are set to be implemented. “This [...]Taxman Hounds Activist Morara Kebaso for KSh 27mn in Unpaid Taxes
The Kenya Revenue Authority (KRA) has summoned political activist Morara Kebaso after saying he failed to file tax returns on KSh 186 million earned in sales from his businesses. “You [...]CMA to Tame Company Secretaries Serving Multiple Firms Concurrently
The Capital Markets Authority (CMA) will be seeking stakeholder input on how many listed companies a company secretary can serve at the same time, the regulator said in a recent [...]Kenya’s Economy Slows Down to 4% amid Construction Slump
Kenya’s economy expanded by 4% in the third quarter of 2024, a slowdown from 6% recorded in the same period in 2023 and the slowest in four years, dragged by [...]Kenya's Exports to the EU Dipped in Q3 2024 as Trade Deficit Widened
Kenya exported goods worth KSh 37.96 billion to the European Union (EU) between July and September last year, a marginal dip from KSh 38.34 billion in the preceding quarter – [...]Listed Firms on CMA Radar over Shareholder Rights
The implementation of shareholders rights and other corporate governance structures in listed companies reduced marginally in 2023/24, according to an analysis by the Capital Markets Authority (CMA). “[Shareholders] involvement in [...]
