Mumias Sugar Ethanol Sale Halted by KRA
The Kenya Revenue Authority (KRA) has stopped Mumias Sugar Company from selling its ethanol after the company failed to pay a KSh100 million bond prerequisite in an ongoing tax dispute. [...]
COVID-19 Support Available for Businesses in Kenya
As COVID-19 continues to disrupt and sometimes even bring numerous business to a standstill across the country, many organisations are offering support especially to small businesses to help them survive [...]Nation Media FY 2019 Earnings decline 18.5% to KSh 856 Million
Nation Media Group recorded a fall in net earnings to KSh 856 Million down from KSh 1.1 billion the previous financial year. Turnover also declined to KSh 9.1 billion in [...]
Shilling under pressure from major currencies
The Kenya Shilling appreciated against the US dollar to exchange at KSh 105.91 during the week ended April 17. This is compared to KSh 106.04 the previous week. The local [...]Virus Accelerates Demand for Tech-Enabled Services in Kenya
Nendo, a digital growth consultancy, has released a report on the Impact of COVID-19 on consumers and corporates in Kenya. The report covered sectors including Retail, Financial services and payments, [...]Safaricom, Banks dominate activity at NSE
Safaricom was the biggest mover at the NSE during the short trading week ended April 17th with 37million shares valued at KSh.1.0 billion changing hands at between KSh.26.30 and KSh.28.50. [...]Cytonn blocks investors from pulling cash out of its real estate fund
Individuals who bought into Cytonn High Yielding solutions, invested in real estate projects, will have to wait longer before they can recoup their investments. This is after Cytonn Investments Management [...]Cargo Through Mombasa Port Fell Below Target
In the first three months of 2020, the port of Mombasa handled 8.6 million tons of cargo, against the targeted 8.84 million tons. The amount of cargo passing through the [...]
Posta Delays March Salaries
The Postal Corporation of Kenya (PCK) employees are yet to receive their March salaries, with the organization claiming that the COVID-19 pandemic has greatly affected their liquidity. According to PCK [...]Proposed Laws to Protect Tea Farmers
Cabinet Secretary for Agriculture, Peter Munya, has proposed a new set of regulations that seek to protect farmers in the tea sector from exploitation. The regulations include: All teas produced [...]Absa Kenya Resumes Forex Trading
Absa Kenya, previously known as Barclays Bank Kenya, has resumed forex trading after a seven day suspension. Kenya's Central Bank took regulatory action against the lender on 9th April, after [...]KQ Resorts to Cargo Business to Stay Afloat
Kenya Airways (KQ) has resorted to the cargo business in a bid to remain afloat during the COVID-19 pandemic that has seen it suspend all its international passenger flights. Yesterday, [...]
