KRA Begins Processing Tax Waiver Applications
The Kenya Revenue Authority (KRA) says it has begun processing tax waiver applications, following the June 30th deadline for filing tax returns. This is in line with the Tax Procedures [...]
Kenya to Build $5 Billion Nuclear Power Plant in Tana
The Kenya Nuclear Agency is on track to build a $5 billion nuclear power station by 2027 according to an article by Bloomberg published on the Engineering News website. Kenya [...]
InterContinental Hotel to Close its Operations in Kenya
InterContinental Hotels Corporation Limited is considering the permanent closure of the InterContinental Nairobi (the Hotel) and winding up all its operations in Kenya, citing operational reasons. As a consequence of [...]Catherine Adeya Joins World Wide Web Foundation as Director
The World Wide Web (WWW) Foundation has appointed Dr. Catherine Adeya as its director of research. She takes over from Carlos Iglesias, who has served as interim Research Director, on [...]
Value of Mobile Money Transactions Increase in H1 2020
Despite the current economic slowdown, the value of mobile money transactions increased marginally in the first half of 2020 compared to the same period in 2019. A report by the [...]EAAGADS Posts KSh70 Million Full-Year Net Loss
The coffee-growing listed firm EAAGADS has posted a net loss of KSh 70 million for the year that ended on 31 March 2020 from KSh 2.647 million net profit recorded [...]
Kenya Pilots Securities Lending and Borrowing platform
Kenya's Central Depository and Settlement Corporation (CDSC) on Tuesday unveiled the pilot phase of its Securities Lending and Borrowing platform. During the pilot phase, only liquid securities, those under the [...]Kenya Shilling Depreciates by 1.1% Against US Dollar in July
The Kenya shilling depreciated 1.1 percent against the US dollar in July closing the month at Ksh107.7 compared to Ksh106.52 recorded on June 30. However, during the last week of [...]Kenya Urges Tourists to Apply for Visas Online
Kenya immigration services office is urging tourists planning to visit the country to apply for visas online. Online Visa application is highly encouraged, especially at this period of COVID-19 Pandemic, [...]Kenya's Benchmark Stock Market Index Hits 17 Year Low
Trading on Monday at the Nairobi Securities Exchange saw a turnover of Ksh 991.31 million in 1,165 deals. A total of 39.68 million shares were traded. Top mover of the [...]Kenya's H1 Tea Export Earnings Jump to KSh 69 Billion
Earnings from the export of black tea increased by 22% in the first half of 2020 compared to a similar period in 2019. The earnings reached KSh 68.9 Billion from [...]TransCentury Delays Release of 2019 Results
TransCentury Limited (NSE: TCL) has announced that it will delay publishing its audited financial results for the year ended December 2019. It is the second time this year that it [...]
