Amazon Set to Launch an AWS Local Zone in Kenya
Amazon Web Services, a subsidiary of Amazon providing on-demand cloud computing platforms has announced plans to launch an AWS local zone in Kenya. Local Zones are an infrastructure deployment that [...]
EPRA Threatens Oil Marketers with Reduced Imports as Fuel Shortage Bites
The Energy and Petroleum Regulatory Authority (EPRA) has announced plans to reduce import allocations for Oil Marketing Companies (OMCs) found to have increased their exports to regional markets in the [...]Treasury Set to Raise Debt Ceiling in 2022/23 Budget
Treasury CS Ukur Yatani proposed the amendment of the Public Finance Management Act to create more room to increase the debt ceiling to ease the growing expenditure pressures. During the [...]
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. [...]
