Court Halts 16% Fuel Tax Amid Govt Assurances to Address Crisis
The Bungoma High Court yesterday granted temporary orders halting the 16 per cent VAT on petroleum products amid assurances from Treasury’s Cabinet Secretary Henry Rotich that the crisis will be [...]
20 new UK businesses to set up shop in Kenya
Twenty UK businesses are planning to set shop in Kenya as recently announced by British Prime Minister Theresa May, where she termed the action as a clear demonstration of the [...]Bank charges still ‘cloudy’ unknown to the consumer FSD
Despite calculated efforts such as the CBK’s 2013 new prudential guidelines and the proposed Financial Markets Conduct Bill introduced earlier this year to ensure consumer protection and transparency in the [...]Kirubi’s HACO industries transfers ‘BIC’ brand to parent company
After nearly 40 years of franchising the BIC brand, HACO Industries Kenya Ltd has decided to transfer its manufacturing facilities and distribution of BIC products back to multinational parent company [...]Kenya's Insurance Industry Recorded Slow Growth in 2017
According to the Association of Kenya Insurers (AKI), the insurance industry grew 6.5 per cent in the year ended December 31, 2017, compared to 13.4 per cent in 2016. However, [...]Kenya Re reports 24% decline in earnings to Sh 1.2 billion
Kenya Re has reported a profit decline of 24% to Ksh 1.2 billon during the six month period ended in June 2018. Gross written premiums declined by 15.6% while net [...]Equity Subsidiary Finserve Launches Multi-Faceted Keyboard App mKey
Two weeks after its official launch, Equity’s fintech subsidiary Finserve has introduced yet another innovation that caters to the social, financial, and lifestyle needs of users. mKey, the multifaceted app, [...]Bamburi Cement Posts 78% decline in Half Year Earnings
Bamburi Cement has reported a 78.3% decline in half year earnings to Sh 399 million. The listed cement manufacturer says the period was challenging as the market continued to contract [...]Cargo Handled at the Port of Mombasa Surged by 0.6%
The Kenya Ports Authority (KPA) posted a 0.6 per cent increase in the cargo handled to 2,720,000 deadweight tonnage (DWT) during the month of June this year compared to June [...]Progress of Key Developments in Kenya’s Capital Markets Space
Kenya’s Capital Markets Authority (CMA) is making important strides with developments in the capital markets such as the development of the regulatory sandbox, the implementation of the hybrid bond market, [...]HF Group Half Year Earnings Plunge by 96% to Sh 6.8M
Housing Finance (HF) Group has reported its financial results for the half year period ended June 2018 with net earnings for the period down by 95.7% to Sh 6.8 million [...]UK Enters into Economic Deals Worth Over Sh38.8bn with African Nations
UK Prime Minister Theresa May’s visit to Africa last week has seen the European country enter into economic deals worth over Sh38.8 billion with African nations. May together with UK’s [...]
