Boeing to spend $50 Million to compensate 737 Max Crash Victims
Boeing is set to begin compensation payments for 737 Max crash victims, amounting to a total of $50 million, with each of the approximately 346 families set to receive $144,500 [...]
Three Kenyan banks fined by Tanzania Regulator for breaching anti-money laundering regulations
Bank of Tanzania (BoT) has released a statement fining five commercial banks $800000 for breaching anti-money laundering regulations. IM Bank received the biggest fine at (ksh29.5m), Equity Bank (KSH26.2M), UBL [...]
Guest Opinion; Kenya needs to review its policy on tax incentives
By Joseline Ogai In the recent past, there has been renewed interest in the print and electronic media on the pros and cons of tax incentives. The latest round of [...]
CBK retains key rate at 9%
The Monetary Policy Committee has retained the Central Bank lending rate at 9% in a meeting held on September 23, 2019. MPC reported that month-on-month overall inflation remained within the [...]Parliament rejects the proposal on tax amnesty for firms seeking to list
Parliament has rejected a proposal that sought to extend tax amnesty to all the firms that intend to list on the Nairobi Securities Exchange (NSE). The proposal was presented by [...]Hilda Njeru to serve as CDSC Kenya acting CEO after Rose Mambo's exit
According to The Trading Room, Hilda Njeru is set to take up the CEO role in an acting capacity at the Central Depository and Settlement Corporation (CDSC) with effect from [...]SWVL Targets Addis Ababa, Lagos and Johannesburg In Africa Expansion Plan
SWVL plans to focus its expansion to other cities in Africa, including Lagos and Johannesburg. The bus hailing company will use Nairobi as a launchpad to extend to other cities [...]Safaricom bags the 2019 Employer of the year award.
Safaricom has been named the 2019 Employer of the Year by the Federation of Kenya Employers' (FKE). It is the third time the Federation of Kenya Employers' (FKE) has hosted [...]Fish Imports from China to continue as local production improves
The Kenya Fisheries Development has revealed that fish imports from China to Kenya will continue for the next five years. This is due to the increased demand for fish that [...]BAT Kenya Appoints New Shares Registrars
British American Tobacco (BAT) Kenya has announced the appointment of Image Registrars Limited as firm's official shares registrars effective 1st October 2019. All shareholders queries, registration for transfer of shares [...]Kenya and Singapore exploring prospects for direct flights
President Uhuru Kenyatta announced that Kenya and Singapore are establishing the viability of direct flights between the two countries. The president made the announcement when delivering a keynote speech [...]Businesses cease accepting the old 1,000 notes as demonetization deadline nears
As the deadline for demonetization approaches fast, businesses all over the country are growing hesitant in accepting the old 1000 notes. While Central Bank continues its charm offensive on demonetization, [...]
