Nation Media Group half-year profits down 24% to KSh403 million
Nation Media group’s net profits dipped by 24 percent to KSh403 million in the first half of 2019, from KSh529 million reported in a similar period in 2018. The weak [...]
NEMA shuts down Daima milk plant over environmental pollution
The environmental protection body, NEMA, has closed down Daima milk processing plant and 4 other factories over violations of the Water Quality Regulations Act of 2006. Daima is part of [...]
Recruitment of new Director-General at CA put on hold
The Employment and Labour Relations court has stopped the recruitment of a new director-general at the Communications Authority of Kenya until there is a board in place. The Employment and [...]
Octagon pension launches a digital pension scheme focused on youth and the informal sector
Octagon Pension Scheme has launched a new innovative digital pension scheme to give workers in the informal sector a platform to save for their retirement. The product dubbed MOBIKEZA allows [...]EACC investigations may drag Airtel-Telkom union
Investigations by the Ethics and Anti-Corruption Commission on the Airtel-Telkom merger could stall the deal. On August 14, EACC sent a letter to CA requesting suspension of the deal to [...]Kenya Airways half-year losses widen to KSh8.5 billion
Kenya’s troubled airline has reported yet another loss in the first half of 2019. The airline’s net loss increased to KSh8.5 billion, up from KSh4 billion recorded in the first [...]KRA improves Capital Gains Tax collection
Kenya Revenue Authority has moved Capital Gain Tax (CGT) administration to a digital system to minimize incidences of tax avoidance. The government agency intends to increase its Capital gains tax [...]Open Tender System for LPG importation
In a move aimed at reducing consumer prices for Liquefied Petroleum Gas (LPG), the Energy and Petroleum Regulation Authority (EPRA) says plans are underway to implement the Open Tender System [...]Flame Tree's pretax earnings dip by 82% to KSh9.6 million
Flame Tree Holdings recently released their half-year results. In the six months period, the firm's revenues hit KSh1.255 billion. However, their pretax profits went down by 82 percent to KSh9.6 [...]Kenya in talks to export tea to Chinese market
The State is currently negotiating an export deal with buyers from China, which will see approximately five million kilograms of specialty teas exported to China in a span of the [...]Flight delays bleeding Kenya Airways' revenues.
Kenya Airways is facing a number of complaints related to flight delays and cancellation, which are eating into the company's revenue. In August alone, KQ has already canceled over 52 [...]Creditinfo names new regional head
The global credit bureau company, Creditinfo, has named Kamau Kunyiha as the new head of East Africa effective September 1. Mr. Kunyiha, the former CEO of Creditinfo CRB Kenya Ltd, [...]
