Businesses Exempted From the Curfew
Supermarkets, retail outlets, chemists, mobile operators, media firms, petrol stations and banks will remain open during the dusk to dawn lockdown that begun yesterday. In a Gazette Notice No 30, [...]
Serena Temporarily Closes Various Hotels
Serena Hotels has announced the closure of some of its establishments from March 27 in anticipation of reduced business levels until June 15. The listed franchise cites the virus outbreak [...]
Kenya Reinsurance Posts KSh 3.9 Billion Net Profit
Kenya Reinsurance Corporation Limited (Kenya Re) posted a net profit of KSh 3.9 billion in 2019 compared to KSh 2.3 billion in 2018, pushed up by gross premiums underwritten which [...]NSE Net Profit Falls 58%, Board Expects More Volatility
A significant decline in trading activities at the Nairobi Securities Exchange (NSE) in 2019 pushed down its full-year net earnings to KSh 80.2 Million compared to KSh 190.7 Million earned [...]Accountants Body Proposes Economic Support Scheme To Contain COVID-19
Kenya has maintained a stable and consistent economic growth for the past six years. The Budget policy statement 2020 had projected the economy to expand to 6.1% up from 5.6% [...]
IM Holdings Records KSh 10.8 billion Net Profit
IM Holdings increased its net earnings by 27 percent to KSh 10.8 billion at the close of financial year ended 31st December, 2019. This is compared to KSh 8.5 billion [...]Uhuru's Fiscal Plan Needs Parliamentary Approval
Tax experts state that President Uhuru Kenyatta's fiscal plan needs parliamentary approval before it can be implemented. The President's proposals can only be implemented after obtaining approval from the National [...]Somalia to Get Debt Relief From the World Bank, IMF
The World Bank and International Monetary Fund(IMF) are ready to partially cancel debt owed by Somalia, a move that will allow the war-torn country to rebuild after years of conflict. [...]World Bank and IMF Call On Suspension of Debt Payments from Poorest Countries
The World Bank Group (WBG) and the International Monetary Fund have issued a joint statement to bilateral creditors requesting debt relief for the poorest countries. The financial institutions called on [...]Inside President Kenyatta's Rescue Plan
President Uhuru Kenyatta's administration on Wednesday unveiled a raft of new tax measures that it intends to introduce, to protect individuals, businesses and the old and well as other vulnerable [...]Kenya Govt Unveils Measures to Curb Covid19 Economic Impact
The Kenyan Government has instituted measures meant to offer relief to SMEs, Corporations, and households due to the economic impact of COVID19. Addressing the nation on Wednesday, President Uhuru Kenyatta [...]Banks May Delay Cutting Lending Rates
Expectations are high that borrowers will soon see a drop in the cost of credit from commercial banks. This follows a move by the Monetary Policy Committee(MPC) to cut the [...]
