NSE Weekly turnover down 33.8% to KSh 1.4 Billion
Nairobi Securities Exchange (NSE) recorded a decline in volumes and turnover when the bourse closed Thursday last week ahead of the Christmas holiday. Data indicates that weekly turnover declined 33.77% [...]
NSE Turnover Rises 124% to KSh 511 Million
Turnover at the Nairobi Securities Exchange (NSE) saw a 124% rise to Ksh 511.06 Million. This is in comparison to Wednesday's turnover of Ksh 228.6 Million. A total of 13.12 [...]
Kenya Shilling Ends losing Streak against US Dollar
The Kenya Shilling was quoted at a mean rate of 108.7882 against the US Dollar when forex markets opened today, 24th December 2020. The Central Bank of Kenya (CBK) indicative [...]President Kenyatta Signs Tax Amendments, Tea Bills Into Law
President Uhuru Kenyatta on Wednesday signed the Tax Amendments and Tea Bill of 2018 into Law. The two new laws will adjust tax to pre-Covid levels and offer relief to [...]KRA issues Guidelines on Individual Tax Refunds
The Kenya Revenue Authority (KRA) has issued taxpayers' guidelines on the steps required when seeking Individual tax refunds. A tax refund is reimbursement of excess tax paid in a given [...]Kenya's Outdated Co-operatives Act to be Reviewed in 2021
The Co-operatives Act- Cap 490 which has been in existence for more than 15 years, could be reviewed in the new year. This follows a move by the Cabinet Secretary [...]Equity Group's Balance Sheet Crosses $10 Billion Mark After BCDC Migration
Equity Group's balance sheet has crossed the Ksh 1 trillion mark after migrating Congo's Banque Commercial Du Congo (BCDC) into its core banking platform. The BCDC migration made it the first bank [...]NSE turnover drops 52% to KSh 228.6 Million
Turnover at the erratic Nairobi Securities Exchange(NSE) plunged 52% to KSh 228.6 Million when trading ended this Wednesday, 23rd December 2020. This was on a volume of 9.1 Million shares [...]Kenya's Parliament nods Bill to hike VAT, Individual and Corporate tax in 2021
Kenya's parliament has approved the Treasury's recommendations to increase Value Added Tax (VAT), Individual income tax, and corporate tax, signalling tough times in the new year for households and businesses. [...]Kenya's Regulator tightens Surveillance on Rogue Stock Brokerage firms
The Capital Markets Authority (CMA) has moved to tighten its surveillance on what happens in the backroom offices of stock brokerage firms to protect investors from fraud. In the latest [...]Nairobi Business Ventures faces liquidation Over Ksh 5.2Mn Debt
The High Court has ordered Nairobi Business ventures Limited to pay Greenhill Investment Limited Ksh 5.2 million in debt, including rent and interest, within 21 days or face liquidation. Take [...]NSE Turnover Rises 219% to KSh 475.9 Million
Turnover at the Nairobi Securities Exchange(NSE) rose significantly to KSh 475.86 Million compared to KSh 149.3 Million this Monday, a rise of 218.7%. This Tuesday, the volume of shares traded [...]
