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, [...]Kenya Planters Co-operative Union assets put up for sale amid struggle with debt receivership
Assets of the Kenya Planters Co-operative Union (KPCU) are now on sale after years of the co-operatives' receivership. This follows the co-opratives' poor performance as well as mounting debt that [...]Future of ARM employees, creditors minority shareholders uncertain after court stops sale of assets
In the past 12 months, several NSE listed companies have reported a decline in earnings. As a result, businesses have engaged in massive lay off exercises to remain profitable. EABL, [...]You can now book an appointment to submit your ePassport application
The Immigration Department issued a notice informing citizens that they can now schedule an appointment for their ePassport applications. Passport applicants will be able to book an appointment through the [...]Lessons from the JSE: AltX, an alternative exchange for medium-sized companies
AltX is an alternative segment at the Johannesburg Stock Exchange for small and medium-sized businesses to catalyze their growth. This public exchange gives companies an option to list on the [...]IMF names new Kenyan Resident Representative
Tobias Rasmussen has been named as the new IMF Kenya Resident Representative to replace Jan Mikkelsen who is about to complete his tenure set to end on September 13. Rasmussen [...]
