Government to Exempt Locally Assembled Passenger Cars from VAT and Excise Duty
The State has announced plans to exempt locally assembled passenger cars from VAT and excise duty, looking to reduce the prices of the automobiles as well as encourage local assembly. [...]
CFAO Motors, Formerly Toyota Kenya, to Construct KSh500 Million Showroom in Kisumu
Toyota vehicle distributor, CFAO Motors Kenya has announced plans to construct a KSh500 million new showroom in Kisumu. The dealer will partner with the Lake Region Counties as they prepare [...]General Motors Partners with Honda for Electric Vehicles
General Motors has partnered with Honda Motor to co-develop a series of electric vehicles based on a new global architecture, seeking production of millions of vehicles starting in 2027. The [...]Renault Launches New SUV for Kenyan Market
Renault has launched a new Sport Utility Vehicle (SUV) specifically for the Kenyan market. Dubbed Kiger, the new five sitter SUV strengthens Renault’s offering in Kenya that already includes Kwid, [...]FTGH posts Net Profit Of KSh 102.5M
Flame Tree Group Holdings(FTGH), a diversified manufacturer and distributor of plastic tanks, cosmetics, snacks, spices and playground equipment, has announced a 36.4% increase in net profit to KSh 102.5 Million [...]
Kenya Orchards Net Earnings hit KSh3.7 Million
Kenya Orchards Plc, a listed firm that manufactures and sells fruit and vegetable bottled and canned products for domestic consumption in Kenya, has emerged from a net loss of KSh [...]Kenya's Mobius Motors Eyes Expansion to Uganda Tanzania
Local carmaker, Mobius Motors has announced plans to expand into Uganda and Tanzania, even as it ramps up production of its second-generation model which costs KSh1.5 million. The first generation [...]Nigeria Opens Africa's Largest Fertilizer Plant for $2.5 Billion
Nigeria has opened a 3-million-tonne fertilizer plant at a cost of $2.5 billion, seeking to become a net exporter of fertilizer. The plant is the largest in Africa and second [...]Carbacid Net Profit rises 71% to KSh 360.7 Million in H1, 2022
Carbacid Investments Plc Net Profit After Tax increased to KSh 360.7 Million at the end of the six months ended 31st January 2021 compared to KSh 210.4 Million as of [...]State to Lift Ban on Scrap Metal Trade
The State has announced plans to lift the ban it imposed on export and dealings in scrap metal in a move set to offer a sigh of relief to traders [...]
Kaluworks Limited Creditors Given Deadline to Lodge Claims
Kaluworks Limited , a manufacturing firm that was previously owned by Billionaire Industrialist Manu Chandaria, and now under receivership, has its creditors to lodge their claims by 10th March 2022. [...]KRA Signals Concessions with Keroche in Outstanding Tax Rows
The Kenya Revenue Authority (KRA) has signalled peace with Keroche Breweries after day-long negotiations with the owners of the embattled firm on Thursday over a disputed Sh22.79 billion tax bill. [...]
