KPLC Customers Experience Hitches As Meter Update Deadline Nears
With less than three weeks to update KPLC token meters, some customers are complaining that renewal codes sent by the utility company via SMS are dysfunctional, as well other emerging [...]
Africa CDC Declares Mpox a Public Health Emergency
The Africa Centres for Disease Control and Prevention (Africa CDC) has declared the ongoing Mpox outbreak a Public Health Emergency of Continental Security (PHECS), the first such declaration by the [...]
Sasini Issues Profit Warning on Higher Costs
Sasini PLC, a publicly listed agricultural company, has issued a profit warning for the full year ending 30th September 2024, citing higher production costs, depressed commodity prices and supply chain disruptions. [...]Highways Regulator Outlines Plan to Toll Thika Road, Major Roads
The Kenya National Highways Authority's (KenHA) announcement of a public participation process for the planned introduction of toll charges in major highways across Kenya has reignited conversations about double taxation. [...]Kenya Railways Denies Breakdown of Diesel Multiple Units
Kenya Railways has said all its Diesel Multiple Units (DMUs) which operate under Nairobi Commuter Rail (NCR) service are in good shape, contrary to media reports. Acquisition of DMUS was [...]HF Group Rights Issue 30% Greenshoe Option
HF Group Plc has resolved to offer up to 1,499,995,255 new ordinary shares to existing investors at KSh 5 inclusive of a 30 percent greenshoe option. The Transaction is subject [...]Equity Group Half Year Profits Up 12.5%, Ugandan Subsidiary's Profits Dip by 23%
Equity Group posted a 12.5 percent growth in profit after tax in the first half of 2024 to KSh 29.6 billion from KSh 26.3 billion recorded in the same period [...]Employers, Experts Raise Compliance Questions After Court Ruling on Finance Act 2023
Following the nullification of Finance Act 2023, employers are seeking clarification from the Kenya Revenue Authority (KRA) on how they should pay their taxes. “The Federation of Kenya Employers (FKE) [...]Hindenburg Report 2.0 Erects Another Hurdle for Adani's Global Operations
US-based short seller, Hindenburg Research, has unleashed a new report alleging the Chairperson of Securities and Exchange Board of India (SEBI) Madhabi Puri Buch and her husband invested [...]Kenya Targets Global Manufacturers as Trade Deal with US Beckons
The US-Kenya trade deal is set to be ready by October, the Ministry of Investment, Trade, and Industry (MITI) has confirmed while calling on investors in the manufacturing space to [...]Competition Authority Okays Lipton Teas' Takeover By Browns Investments
The competition regulator in Kenya has permitted UAE's B Commodities's acquisition of 98.56% in Lipton Teas and Infusion, setting the stage for one of the most watched MA deals in [...]Newsletter: Kenya Preps for US Trade Deal, Afreximbank's $40bn Trade Financing Plan
Here's what you need to know to start your week Kenya Targets Global Manufacturers as Trade Deal With US Nears US-Kenya trade deal is set to be ready by October, [...]
