KRA Starts Issuing Instant Tax Compliance Certificates
The Kenya Revenue Authority will issue instant tax compliance certificates to all Kenyans with a clean tax record. This is thanks to the new simplified self-service feature which encourages transparency [...]
Slow Down on Projects, World Bank Tells Kenyan Government
The World Bank has urged the government to slow down on intensive projects as the country continues to shoulder a growing debt. Chief Economist, Pinelopi Koujianou Goldberg, urges President Uhuru [...]IMF Says Kenya’s Public Projects in Crisis
The International Monetary Fund (IMF) has said hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10 billion to revive them. In its Fiscal Transparency [...]
CMA, Cytonn in Legal Tussle Over KSh 717.3 Million Unit Trust Fund
The Capital Markets Authority is locked up in a legal battle with Cytonn Investments. This is after the regulator ordered the firm to stop recruiting any new investors to join [...]Jubilee Holdings Lays off 52 Workers
Jubilee Holdings has announced plans to lay off 52 of its employees, claiming that their roles have become redundant. The move comes after the firm split its business into two; [...]LSE Celebrates UK-Africa Investment Summit
London Stock Exchange Group (LSE Group) has recorded remarkable feats at the recently concluded UK-Africa Investment summit held in London. They include the listing of two unique bonds, as well [...]CS Adan Mohamed Proposes Law to Protect Minority Shareholders
The Ministry of EAC and Regional Development propose that minority shareholders have a greater say in takeovers. The ministry, through CS Adan Mohamed, suggests reverting to previous laws that require [...]Safaricom's Entry into Ethiopia is High Risk, High Return Citi
Analysts at Citi see Safaricom's entry into Ethiopia as a high risk, high return investment. Bloomberg cites that the initial cost for network and licensing in Ethiopia is high. Nevertheless, [...]Total Tullow to Sell Stakes in Kenyan Oil Project
Total and Tullow Oil, the main stakeholders in the Turkana oil project, are in the process of selling their stakes in the Oil project. Tullow intends to dispose of its [...]
Relief for SMEs as Treasury to Launch Loan Facility
The National Treasury has announced a plan to unveil a loan facility that will enable Small and Medium sized Enterprises (SMEs) to access more capital and address the challenges they [...]Fanisi Capital and Ascent Capital to Merge
Private Equity companies Fanisi Capital and Ascent Capital have disclosed plans to consolidate their funds with the aim to earn higher returns for their investors. According to a joint statement, [...]Kenya Acts to Lift Mango Exports Ban
Kenya has initiated measures to help lift the ban on mango exports imposed by the European Union. The Kenyan farmers seek to secure international markets for the fruit. Thus, stakeholders [...]
