Deloitte Recommends 3-6 Months Corporate Tax Suspension
Most businesses in Kenya are struggling to meet their financial obligations due to changes brought about by the COVID19 pandemic. Some have slashed their employees' salaries while others have laid [...]
Rise in Claims Slows Down Mayfair Insurance Earnings
Mayfair Insurance realized a modest rise in net earnings to KSh Sh359.5 Million down from KSh361.8 Million the previous year. This is as net claims and policyholders' benefits increased from [...]
Kenya's Military, Civil Servants to take pay cuts
Kenya Defense Forces (KDF) officers and Senior Civil Servants are among those expected to take a pay cut beginning with the month of April 2020. This comes after the President [...]Global Markets Daily Brief 23/04/2020
The United States Initial jobless claims for the week ending April 18 fell by 810,000 to 4.43 million compared to the previous week's numbers of 5,237,000, revised down by 8,000. [...]
Parliament Approves Uhuru's Fiscal Plan to Fight COVID-19
Parliament has approved amendments to the law to enable Kenyans and firms to cope with the effects of the COVID19 pandemic. This is after lengthy deliberations which went on into [...]Mass Production of Ventilators to Begin in Kenya
Kenya is set to begin the mass production of ventilators to aid in the fight against COVID-19 after the Kenya Association of Manufacturers (KAM) unveiled the prototype of the locally [...]Twiga Foods Jumia Partner to Supply Fresh Produce
Nairobi residents are set to enjoy easy shopping after Twiga Foods partnered with e-commerce firm Jumia to supply fresh produce within Nairobi and its environs. The two companies have joined [...]US Markets Close Higher
After a two day sell-off driven by a crash in energy markets, US equity markets on Wednesday's session closed higher with the Dow up 1.99%, the Nasdaq 100 was up [...]IRA Offers Relief to Policy Holders
The Insurance Regulatory Authority (IRA) has offered a three-month break in the payment of premiums by policyholders who might be facing financial strains due to COVID-19. According to IRA CEO, [...]World Bank Gives KSh1.5 Billion to Coffee Sector
Kenya's coffee sector has received KSh1.5 billion from the World Bank, aimed at enhancing the production of specialty coffee. The funds will be distributed to eight counties (Muranga, Kiambu, Meru, [...]NCBA opts for bonus shares to replace dividend payouts
Shareholders of NCBA Group Plc will now receive a bonus share issue instead of cash dividends payouts that was to be given to those on the company’s register at the [...]Absa Offers KSh 50 Mn in Fight Against COVID19
Absa Bank Kenya PLC has announced a contribution of KSh 50 million in support of the government's efforts to contain the spread and impact of COVID19. It becomes the latest [...]
