Resolution Insurance Sinks with Kes 6.5 Billion Client's Funds
Resolution Insurance has collapsed with over kes 6.5 billion in client cash, insurance claims, and creditor funds after its shareholders failed to recapitalise the business. The company has been facing [...]
Sarova Inks Deal to Manage Imperial Hotel in Kisumu
Sarova Hotels Resorts has announced the addition of Imperial Hotel Kisumu, to the group’s portfolio after the signing of a 7-year management agreement with the hotel’s owners, the Gilani [...]NSE Daily Equity Turnover Ups to KSh 713.6M
The Nairobi Securities Exchange(NSE) recorded a rise in equity turnover to KSh 713.6 Million, an increase from KSh 103.9 Million on Monday. This is an increase of 586.35 from close [...]
Kenyan firms to invest $1.6B in DRC
Kenyan firms have committed to invest over $ 1.6 Billion in the Democratic Republic of Congo(DRC) in various projects and sectors. This disclosure has been made by Equity Group, which [...]NSE University Challenge Attracts 300 Students
The NSE and AIB-AXYSAfrica have now closed the flagship University Stock Market Challenge and given out awards. The NSE has partnered with AIB-AXYSAfrica, headquartered in Mauritius with subsidiaries in UAE, [...]Ethiopia Airlines to Fly Boeing 737 Max Once Again
The Ethiopian aviation authority has today approved the Boeing 737 MAX to return to Ethiopia skies once again. This is after the aircraft was banned, after being involved in the [...]Treasury Set to Double Digital Service Tax from 1.5% to 3%
The National Treasury is set to increase Digital Service Tax (DST) from the current 1.5% to 3% of the gross value of online transactions, with effect from 1st July 2022. [...]
PMI for Kenya Drops to 50.5 in March
The Purchasing Managers’ Index(PMI) for Kenya dropped to 50.5 in March, down from 52.9 in February, as effects of the ongoing Russia-Ukraine conflict affected the price of food, fuel and [...]Government to Exempt Locally Assembled Passenger Cars from VAT and Excise Duty
The State has announced plans to exempt locally assembled passenger cars from VAT and excise duty, looking to reduce the prices of the automobiles as well as encourage local assembly. [...]Podcast Incubation Studio SemaBOX Announces KSh5.5 Million in Earnings
Podcast incubation studio, SemaBOX has announced KSh5.5 million in total earnings, with its creator network growing to more than 200 in the last 18 months. The company Chief Executive Officer [...]COFEK Protests Plans to Levy 16% VAT on Flour.
The Consumers Federation of Kenya (COFEK) has opposed the government’s plan to levy a value-added tax on maize and wheat flour saying it will continue straining many families that are [...]ICEA Lion Buys kes 32 Million Stake in Ilam Fahari I-Reit
ICEA Lion Asset Management Limited has bought five million shares valued at kes 32.5 million in property investment fund Ilam Fahari I-Reit making it the eighth largest shareholder of the [...]
