KRA Re-Introduces Turnover Tax From January 1st, 2020
The Kenya Revenue Authority has re-introduced turnover tax, in line with the Finance Act, 2019. Businesses whose income does not exceed KSh 5 million will pay 3% on gross sales, [...]
Kenyan Market Decade Analysis
Safaricom is closing the decade with its share price hitting an all-time high of KES 32 and a market capitalization of KES 1.27T. Safaricom was trading at KES 3 at [...]
Titans of The Decade; Bob The Scale-Up Master
Key Highlights and Initiatives 2010; Appointed Safaricom CEO 2012-Launch of Mshwari in partnership with (CBA now NCBA) 2013-Lipa na Mpesa, Linda Jamii micro health insurance 2014- National Police Surveillance Project, [...]
2019 in Review: 17 Companies Issued Profit Warnings
2019 marked another year where local and international businesses in the Kenyan market struggled financially as evident in the number of profit warnings. A total of 17 companies of the [...]Markets Regulator Appoints Wyckliffe Shamiah as Acting CEO
Capital Markets Authority (CMA) has appointed Wyckliffe Shamiah as the acting CEO following the end of Paul Muthaura's tenure which comes to an end on 31st Dec 2019. According to [...]
Titans Of The Decade; Joshua Oigara
KEY INITIATIVES ACHIEVEMENTS 2012; Joshua Oigara was appointed CEO of KCB Group at 37 years old 2013; Launched mobile application with increased features Agency banking platform upgrade, [...]2010 2019; SOUR DEALS OF THE DECADE
2010 AIRTEL ACQUISITION OF ZAIN KENYA Bharti Airtel acquired Zain Africa’s operations in 15 countries including Kenya for US$10.7 billion. Airtel Kenya’s accumulated losses since then stand at KES 68.09bn. [...]Interview With Copia CEO Tim Steel on Solving Africa's Poor E-commerce Penetration
Africa has seen a surge in the number of e-commerce platforms in the past ten years.Disrupt Africastates that the continent is home to 264 e-commerce startups, mostly targeting middle-class consumers [...]Kenyan firm Octagon Buys 49% Stake in Alexander Forbes Zambia
Nairobi headquartered Pension manager Octagon Africa has purchased 49 per cent stake in Alexander Forbes financial services Zambia for an undisclosed amount. Alexander Forbes Group had earlier in March 2019 [...]World Resources Institute Appoints Wanjira Mathai as Regional Director for Africa
World Resources Institute (WRI) has appointed Wanjira Maathai as the Regional Director for Africa, and Vice President. Ms Wanjira, who holds master’s degrees in Business and Public Health from Emory [...]Barclays Futures Begin Trading at The Nairobi Derivatives Market
Derivatives traders are now able to buy and sell Barclays Bank Futures on the Nairobi Derivatives Market (NEXT). Investors will put in a minimum of KSh1,800 as the initial margin [...]
Mining CS Munyes Revokes 26 Mining Licenses Over Expiration Claims
Petroleum and Mining CS John Munyes has suspended the licenses of 26 Mining companies that failed to meet regulatory requirements.A gazette notice dated 13 Decemberreveals the companies failed to renew [...]
