Zoom Users in Kenya to Pay 16% VAT beginning August 2021
With its Headquarters in San Jose, United States, Zoom Video Communications Inc has informed its customers in Kenya of plans to begin charging Value Added Tax(VAT) on its supplies beginning [...]
Plans to Lease 5 State-owned Sugar Mills Still On -Munya
The Cabinet Secretary for Agriculture, Livestock, Fisheries and C0-operatives Peter Munya has said plans to lease 5 financially troubled state-owned sugar factories is still on the cards. This is despite [...]Kenya Issues Draft Regulations for Crowdfunding Platforms
The Cabinet Secretary for National Treasury and Planning has published regulations that require all persons who operate or intend to operate an investment-based crowdfunding platform, to obtain approval from the [...]Kengen to Invest KSh 216 Billion in 4 New Geothermal Power Plants in Kenya
Kengen has revealed plans to invest as much as KSh216 billion in four new power plants in Kenya over the next five years, Bloomberg reports. The leading power generator is [...]
NSE Equity Turnover rises 41% to KSh 612.1 Million
The Nairobi Securities Exchange(NSE) recorded a total of 17,139,800 shares in 1,085 deals, corresponding to a market value of KES 612,087,886.00, when trading ended Monday, 19th July 2021. The Nairobi [...]Kenya's Public Debt Rises to KSh 7.7 Trillion in June 2021-CBK
Kenya’s public debt stood at KSh 7.7 Trillion by the end of June 2021. This comprised KSh 3.7 Trillion domestic debt (47.9%) and KSh 4. Trillion external debt (52.1%). Figures [...]Kapchorua Tea Kenya Plc is Week's Top Gainer at NSE
Nairobi Securities Exchange(NSE) listed Kapchorua Tea Kenya Plc as the week’s top gainer when trading ended on 16th July 2021. Kapchorua added 25.6% in investor wealth to close the week [...]Nairobi Expressway to be Complete by Feb 2022
The US$ 560 Million Nairobi Expressway project will be completed by February next year, ahead of an earlier timeline of September 2022. Upon completion, Nairobi Expressway is expected to cut [...]Kenya Power to Digitize Remaining 30% Of its Network at Cost of KSh 225 Million
Kenya Power has linked up with the National Youth Service (NYS) to digitize the remaining 30% of its network. The countrywide exercise, which the World Bank has funded under the [...]Diaspora Remittances Jump to $1.75 Billion in First Half of 2021
Hundreds of thousands of Kenyans working abroad sent home record amounts of remittances to their families from January to June this year. Diaspora remittances in the first half of 2021 [...]CBK Raises KSh 19.2 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 19.2 Billion out of KSh 19.3 Billion received from investors, representing an undersubscription of 80.28%. Bidders were offered Government paper worth [...]Standard Bank to Acquire Liberty Holdings at $729 Million
South African based Standard Bank has revealed plans to acquire 100% ownership in financial services firm, Liberty Holdings. Standard Bank is Africa's largest bank by assets, and the acquisition is [...]
