Sisal Exports Earnings Hit KSh1.25 Billion in Q3 2021
Kenya’s earnings from sisal exports hit KSh1.25 billion in Q3 2021, with the price of a kilo hitting a high of $1.6, compared to $1.49 for the same period last [...]
Proposed Bill Seeks to Halve VAT on Fuel
Value Added Tax (VAT) on fuel (diesel and petrol) will be halved (reduced from 8% to 4%) if Parliament adopts proposed changes to the law seeking to lower pump prices. [...]NSE Daily Equity Turnover Plunges 93.4% to KSh 56.4 Million
Nairobi Securities Exchange(NSE) recorded a 93.4% dip in equity turnover to KSh 56.4 Million from the previous day's KSh 856.5 Million. The volume of shares traded also fell significantly to [...]
Kenya Cautious on Multinational firms' Digital Tax Reforms
Kenya Revenue Authority (KRA) has said it will exercise caution before signing an inclusive international framework agreement to reform how multinational tech firms pay digital tax. This follows a recent [...]Cellulant picks Akshay Grover as its New Group CEO
Cellulant, a Pan-African payments company with its head offices in Nairobi has appointed Akshay Grover as the Group CEO and Director with effect from October 1st 2021. The appointment follows [...]President Uhuru Kenyatta to be Hosted at The White House
President Uhuru Kenyatta of Kenya will be hosted this Thursday 14th October 2021 by U.S President Joseph R. Biden, Jr at the White House where the issue of travel advisory [...]Kenya gets B+ Sovereign Rating, Stable Outlook from Agusto and Co.
Kenya has been assigned a B+ Rating from Agusto Co. Limited, a Pan-African Credit Rating Agency and a leading provider of industry research and knowledge in Nigeria Sub-Saharan [...]NSE Daily Equity Turnover Drops 18.2% to KSh 856.5 Million
Nairobi Securities Exchange recorded a decline in Equity turnover to KSh 856.5 Million when trading ended this Tuesday after the three day weekend from a turnover of KSh on 1.1 [...]GoK Borrows KSh6.4 Billion for BRT from Korea
The Government of Kenya has borrowed KSh6.4 billion from the Korean government to finance the Bus Rapid Transport (BRT). The loan from the Korean Export and Import Bank will be [...]East African Cables Makes Net Loss of KSh 753.2 Million in 2020
East African Cables posted a Net Loss of KSh 753.2 Million at the end of the financial year ended 31st December 2020. This is compared to a Net Profit of [...]Relief as Tea Auction Continues to Record an Increase in Prices
The weekly Mombasa Tea Auction held on 4th, 5th, and 6th October 2021 had 8.3 million kilograms of tea offered for sale. The amount on offer was similar as that during the [...]CBK Collects KSh 52 Billion from October T-Bonds Tap Sale
Central Bank of Kenya(CBK) collected KSh 52 Billion during the Treasury Bond Auction of 2021, where the two re-opened fifteen-year and twenty-five year Treasury Bonds issued lesser bids against an [...]
