KRA to Collect KSh 517 Million in Unpaid Taxes from Tobacco Firm
The Kenya Revenue Authority(KRA) will now collect KSh 517 Million in unpaid taxes from Mastermind Tobacco Kenya Limited following a decision by the Tax Appeals Tribunal. According to market research [...]
KRA wins KSh 234 Million Tax Suit Against Equity Bank
The Kenya Revenue Authority (KRA) has won a KSh 234 Million tax claim suit against Equity Bank Kenya Limited. This is after the High Court in Nairobi upheld the Tax [...]NSE Daily Turnover rises 7% to KSh 543.5 Million
Nairobi Securities Exchange (NSE) Daily Turnover rose 7% to KSh 543.5 Million when trading ended at the bourse on April 29, 2021. This was on a total of 15,202,300 shares [...]Capital Markets Shrugs off Pandemic as Activity Ups in Bond Market
Kenya's Capital Markets Authority (CMA) says it has seen renewed interest in the corporate bond market despite threats posed by COVID-19. Recent actions by the regulator to take action against [...]Kenya Ranked 21st out of 47 Countries with Cheapest Mobile Data in Sub Saharan Africa
Kenya is position 21 out of 47 countries in Sub-Saharan Africa with the cheapest mobile data cost in 2021, according to research by Cable.co.uk. The country ranks behind Sudan, Somalia, [...]
KenGen to Commence Work On its 83.3 MW Geothermal Plant
KenGen expects to start commercial production on its 83.3 MW Olkaria 1 Unit 6 Geothermal power plant before the end of 2021. This disclosure was made during a recent investor [...]Think Tank urges National Treasury to freeze All New Projects
The Institute of Public Finance (IPF) Kenya has urged National Treasury to freeze all new public projects and reschedule public debt repayments. This to free more money to finance development [...]Decline in Advertising Newspaper Sales Pushes NMG's Net Profit Down 94% to KSh 48 Million
Nation Media Group has reported a drastic fall in net profit for the year that ended on 31st December 2020. Its net profit dropped to KSh48 million from KSh856 million [...]Stanbic Holdings Top Price Gainer as Investors Show appetite for rich Dividend Payout
Stanbic Holdings Limited stock closed its last trading day on April 28, 2021, at KSh 83.00 trading day, a 9.21% gain over its previous closing price of KSh 76.00. Stanbic [...]Dubai Islamic Bank Kenya joins PesaLink Network
Dubai Islamic Bank Kenya (DIB Kenya) has joined PesaLink, an interbank transfer digital payment solution, to strengthen its digital banking and provide more convenience. PesaLink, is a real-time 24-hour digital [...]Britam Holdings Plc sinks into Net Loss of KSh 9.1 Billion
Britam Holdings Plc reported a net loss of KSh 9.1 Billion for the financial year ended 31st December 2020. The financial services provider firm attributes this depressed financial performance to [...]Kenya, US Seek to Strengthen Relations
President Uhuru Kenyatta yesterday held talks with Antony Blinken, the US Secretary of State who advises the US President on foreign policy matters. It is the first meeting with select [...]
