EPRA Increases Diesel Prices as Kerosene Prices Fall
The Energy and Petroleum Regulatory Authority ( EPRA) has increased the fuel prices in its latest reviews. The authority has announced that Super petrol and Diesel prices will increase by [...]
Co-operative Bank Posts KSh10.9 Billion Profit in Nine Months
Cooperative Bank has released its financial statements for the period ended 30th September 2019. The net profit was reported to be Ksh 10.9 billion, a 6% jump from Ksh 10.3 [...]Treasury's New Policy Targets Non-Performing Contractors
The National Treasury has proposed a new policy to rein in on Kenya's ballooning debt. The proposedDebt Frameworkwill require each ministry to regularly review ongoing projects, and therefore terminate stalled [...]Kenya to Export Tea to Lesotho
Lesotho will start buying tea directly from Kenya. This was revealed during a three-day visit to Kenya by a delegation from the South African nation. Lesotho intends to start growing [...]Eaagads Issues Profit Warning as Coffee Production Drops
Eaagads Company Limited has issued a profit warning for the financial year ending 31 March 2020. The company anticipates that its earnings will be lower by at least 25% of [...]Banks expect improved private sector growth after rate cap repeal
The Kenya Banker's Association (KBA), theumbrella bodyof the institutions licenced and regulatedbythe Central Bank has welcomed the repeal of the interest cap rate which the president assented to on the [...]Govt Plans to Merge Anti-Counterfeit Agencies
The government plans to unify Kenya's anti-counterfeit bodies to curb substandard goods in the market. The move targets to form a larger organization, which will encompass the Anti-Counterfeit Authority (ACA), [...]UAP Old Mutual Issues Profit Warning
Financial services firm UAP Old Mutual has announced that it anticipates a 25 percent drop in profit for the year ending 31 December 2019. In a statement to the media, [...]
Treasury Proposes Increase in Budget by 3% to KSh 3.13 Trillion
Treasury acting CS Ukur Yattani has proposed an increase in budget expenditure by 3% from KSh 3.04 Trillion to KSh 3.13 Trillion. The KSh 86 billion increase contradicts expenditure cuts [...]KRA To Seize Illicit Drinks Under New System
Kenya Revenue Authority has rolled out the Excisable Goods Management System (EGMS) for the non-alcoholic drinks. The project aims to beef up the fight against illicit trade and protect members [...]
Mombasa Port Cargo Increases by 9%
For the first nine months, Kenya's main port of Mombasa handled 9% more cargo compared to the same period in 2018. This increase was attributed to greater handling capacity and [...]AfDB Distances Itself From Lamu Coal Project
The African Development Bank has declined to fund the Lamu Coal project, and any future coal projects. The decision follows an environmental impact assessment, which saw the National Environmental Tribunal [...]
