Kenyans Have Until 31 January to Make Proposals for the 2019/2020 Budget
In this year’s budget creation process, the National treasury has extended the deadline for the public and other interested parties to submit their proposals for the 2019/2020 budget. The deadline [...]
Excise Duty on Motorcycles up by 5.2%
There are two ways to change the amount of excise duty charged on Kenyan goods; first, the National Treasury's Cabinet Secretary may adjust the excise duty upwards or downwards by not [...]Kenya’s Average Time to Comply with Taxes Improves by 16% PwC
Kenya aims to become a middle income economy by the year 2030. The country’s tax environment is a major determiner of whether the country will achieve this goal. A study [...]Highlights in Kenya's Markets; Stable Shilling and a Resilient Bourse
In the past week that ended on 17 January, the Kenyan shilling remained stable against international currencies such as the US dollar, Sterling pound, and the Euro. The value of [...]Limuru Tea PLC Appoints Geridina Johanna Maria Ten Den as new CEO
Geridina Johanna Maria Ten Den has been appointed the Chief Executive Officer of Limuru Tea Plc following the resignation of Nicholas Yiannakis. She will assume the role with effect from [...]
ERC Seeks to Attract Manufacturers Through Localised Tariffs
The Energy Regulatory Commission is contemplating to establish a localised tariff base, aimed at attracting more investors at areas with cheap generated power such as geothermal. ERC Director General confirmed [...]Beiqi Foton Motor Launches Ksh800M Regional Operation Centre in Kenya
Beiqi Foton Motor, a Chinese automaker, has launched Ksh800 million operation centre in the capital Nairobi, to facilitate its expansion in East African region. The move is attributed to the [...]
Safaricom Introduces IT Security Solutions For Enterprise Customers
Safaricom enterprise customers can now access a wide range of security solutions to protect their information technology systems. The services include Managed Security Solutions, Security Assurance and Advisory services as [...]Kenyan Retailers to face Stiff Penalties for Payment Delays to Suppliers
Retailers will now pay suppliers their dues within a stipulated time according to a new directive by the government. The newly launched Retail Code of Practice states that retailers will [...]UNCONFIRMED: Lafarge in Talks to Acquire Portland Cement
Lafarge, the French multinational, is in talks to acquire East African Portland Cement Company, a firm that is heaving under a financial rut. The firm is now considering bailing out [...]Gov't Rescinds Decision to Ban 8-Year 1500cc Cars
The Kenyan government has rescinded the decision to ban the importation of 8-year 1,500cc second-hand vehicles, until further consultations take place. The cabinet secretary for Industry, Trade and Co-operatives, Peter [...]Kenyan Bank Customers Prefer Human Tellers over Robots and Chatbots
A majority of bank customers in Kenya prefer to be served by tellers to using automated services at their bank branches. In the Customer Service Survey Quarter Four 2018 released [...]
