RubiS Energy Officially Launches in Kenya
RubiS Energy has officially launched operations in Kenya following the successful acquisition of KenolKobil Plc and Gulf Energy Holdings Ltd in 2019. This will see the rebranding of the Kenol, [...]
Kenyan CEO Earns an Average of KSh 3.6 Million per Month- PwC
The Chief Executive Officer (CEO) of a listed company in Kenya on average earns a basic monthly salary of KSh 3,625,507.00, a monthly allowance of KSh 959,691.00 and annual incentives [...]
KRA Appoints Rispah Simiyu as Commissioner for Domestic Taxes
The Kenya Revenue Authority (KRA) has appointed Mrs Rispah Simiyu as the Commissioner for Domestic Taxes effective 22nd October 2020. Simiyu currently serves as the Deputy Commissioner in charge of [...]NSE records turnover of KSh 220.99 Million
Turnover at the Nairobi Securities Exchange(NSE)reached KSh 220.99m Million today on a volume of 9.13 Million in 924 deals. The top mover was Safaricom with a volume of 3.28 Million [...]Pandemic Causes KSh 22 Billion Shrink in Advertising Spend
A report released by the Marketing Society of Kenya, in conjunction with Reelanalytics shows a dip in advertising spend in excess of KSh 22 Billion. This decline is attributed to [...]Kenya is Top Destination for Illicit Cash Flows in Africa-UNCTAD Report
Kenya has been ranked the top nation in Africa where money laundering, tax evasion, and concentration of untaxed wealth is rampant. According to the Financial Secrecy Index of the Tax [...]COVID-19 Drives Up Safaricom's Fuliza Loans to KSh 1 Billion Daily
The global COVID-19 pandemic drove Safaricom's fuliza loans to KSh1 billion daily in the first half of 2020 when the government of Kenya imposed restrictions to curb the spread of [...]
Uchumi Starts the Process to Clear Outstanding Debt
Uchumi supermarket has begun the process of clearing all outstanding debt owed to suppliers of goods and services. The move is part of a Company Voluntary Agreement signed in March [...]
Kenya's private sector records biggest expansion since 2018
The Stanbic Bank Purchasing Managers Index ( PMI) for Kenya increased to 56.3 in September of 2020 from 53 in August, pointing to the biggest expansion in private sector activity [...]Sokowatch Named Winner of Visa Everywhere Initiative
Sokowatch has been named the winner of Visa Everywhere Initiative for identifying solutions to help small businesses recover from impacts of COVID-19. The startup won the global challenge for [...]Tuskys Appoints New Financial Controller
The struggling retail store Tuskys has appointed Chadwick Okumu as the new financial controller to assist the company to manage its limited finances. He takes over from Daniel Ndirangu who [...]US Lawmakers Oppose Weaker Plastic Restrictions in Trade Negotiations with Kenya
U.S. Lawmakers earlier wrote to President Trump expressing their opposition towards efforts to weaken Kenya's restrictions on single-use plastic. In a letter to President Trump, 62 lawmakers from the Senate [...]
