De La Rue exporters get nod to sell locally
Currency printing firm De la Rue has been given a year to enjoy tax-free status under an export licence while supplying products locally.
By Otiato Guguyu 5 years ago
De La Rue exporters get nod to sell locally
Legal change whittles down Treasury powers on Budget
Government will not be able to surprise Kenyans with new taxes on Budget day.
By Otiato Guguyu 5 years ago
Legal change whittles down Treasury powers on Budget
NSE boosts traders with new market
The settlement between positions will also be done on a daily basis, unlike before when the contract had to mature first.
By Otiato Guguyu 5 years ago
NSE boosts traders with new market
Rate cap repeal to cost State dearly
Banks foresee a rise in income from lending to the Government once the rate cap is repealed.
By Otiato Guguyu 5 years ago
Rate cap repeal to cost State dearly
Bad loans at 12-year high as businesses suffer
Kenyan businesses have found it increasingly hard to repay their debt with the rate of non-performing loans (NPLs) climbing to a 12-year high.
By Otiato Guguyu 5 years ago
Bad loans at 12-year high as businesses suffer
KCB offers Sh5.6b for National Bank
The valuation is seen as a bargain for the lender that has been valued at Sh9b by Parliament.
By Otiato Guguyu 5 years ago
KCB offers Sh5.6b for National Bank
CMA nets more money in Kobil insider trading
Regulator finds former Kestrel boss and two traders guilty of irregular dealing in oil marketer’s shares, handing down market bans and recovering the
By Otiato Guguyu 5 years ago
CMA nets more money in Kobil insider trading
Inadequate skills, obsolete technology blunt Kenyan firms’ competitive edge
A study of about 100 firms drawn from 12 sectors of production shows that six per cent of them completely used manual labour.
By Otiato Guguyu 5 years ago
Inadequate skills, obsolete technology blunt Kenyan firms’ competitive edge
Will this chief executive take HF from bust to boom?
Kibaara says his leadership style is putting the right people at the right places as he engineers cultural transformation and agility at the bank.
By Otiato Guguyu 5 years ago
Will this chief executive take HF from bust to boom?
No CRB listing for loan defaulters before 6 months
Lenders have three months to comply with new guidelines that bar them from reporting mobile borrowers before the lapse of 180 days.
By Otiato Guguyu 5 years ago
No CRB listing for loan defaulters before 6 months
Kenya’s agriculture, industry joined at hip
The manufacturing sector’s growth can be tracked by the weather patterns, with rain determining the level of expansion.
By Otiato Guguyu 5 years ago
Kenya’s agriculture, industry joined at hip
Questions raised over proceeds of NBK branch sales
Questions have emerged over the proceeds of the 2015 sale of National Bank of Kenya (NBK) branches to meet regulatory requirements.
By Otiato Guguyu 5 years ago
Questions raised over proceeds of NBK branch sales
Struggling Choppies closes Bungoma unit
Many of these suppliers are smarting from what happened to them when other retailers recently closed shop.
By Otiato Guguyu 5 years ago
Struggling Choppies closes Bungoma unit
Maize imports fall as traders wait for duty-free window
People needing food assistance, the agency said, will increase from 1.6 million in May.
By Otiato Guguyu 5 years ago
Maize imports fall as traders wait for duty-free window
Regional disputes threaten to stall mega EAC projects
The squabbles in the Horn of Africa have so far been restricted to shuttle diplomacy
By Otiato Guguyu 5 years ago
Regional disputes threaten to stall mega EAC projects
CMA gets nod to punish former Imperial directors
Court of Appeal in a precedent-setting ruling dismisses their claim of bias against the regulator.
By Otiato Guguyu 5 years ago
CMA gets nod to punish former Imperial directors
Cement exports plummet by 87pc
According to KNBS the value of cement exports in the first quarter of 2017 has fallen sharply from was Sh877m to Sh11m this year.
By Otiato Guguyu 5 years ago
Cement exports plummet by 87pc
Bane of fake motor insurance claims continues to stalk firms
Surprisingly, there were only two fraudulent medical claims during the period under review.
By Otiato Guguyu 5 years ago
Bane of fake motor insurance claims continues to stalk firms
Two million face hunger as State intervention falls short
Country plans to import maize as local production not adequate.
By Otiato Guguyu 5 years ago
Two million face hunger as State intervention falls short
Petrol prices to rise again
To harmonise the price changes, the Finance Bill 2019 wants to change the date of adjusting excise duty to October.
By Otiato Guguyu 5 years ago
Petrol prices to rise again
New market will let you bet on stocks
Investors will be able to put up a fraction of the share’s value and wait for price movements.
By Otiato Guguyu 5 years ago
New market will let you bet on stocks
Tax flop on small traders to hit KRA
It, however, failed to take off after counties issued licences without loading the KRA charge.
By Otiato Guguyu 5 years ago
Tax flop on small traders to hit KRA
Companies struggle to repay maturing bonds in tough year
Reports indicate that UAP Holdings is seeking a loan to pay the debt
By Otiato Guguyu 5 years ago
Companies struggle to repay maturing bonds in tough year
Treasury on the spot over Sh75b World Bank loan
According to latest figures, CS Rotich ignored amount approved by Parliament in taking up new debt from global lender.
By Otiato Guguyu 5 years ago
Treasury on the spot over Sh75b World Bank loan
KCB boss to head National Bank team
The transition process is expected to be completed by September this year.
By Otiato Guguyu 5 years ago
KCB boss to head National Bank team
The danger of Kenya’s reliance on borrowed forex reserves
Though CBK is optimistic about a steady buffer, the harsh reality is that most of the hard currency is not from exports.
By Dominic Omondi and Otiato Guguyu 5 years ago
The danger of Kenya’s reliance on borrowed forex reserves
Maiden Eurobond comes due
CBK will on Monday make a principal repayment of Sh80b of the controversial international debt.
By Otiato Guguyu 5 years ago
Maiden Eurobond comes due
CBK boss defends ‘Banki’ on new notes
The Central Bank of Kenya (CBK) has defended the Swahili translation of the word “bank” on the new banknotes after a backlash from netizens.
By Otiato Guguyu 5 years ago
CBK boss defends ‘Banki’ on new notes
Kenya’s reliance on donor funds grows
New report shows 42pc of the country’s development expenditure is now donor-funded.
By Otiato Guguyu 5 years ago
Kenya’s reliance on donor funds grows
All set for anti-dumping agency
The Government will next month set up an agency to rid the country of cheap imports.
By Otiato Guguyu 5 years ago
All set for anti-dumping agency
UK betting company buys Kenyan lottery
Tenlot Group has taken up an 85pc in Kenya Charity Sweepstake as it eyes expansion in local and regional markets.
By Otiato Guguyu 5 years ago
UK betting company buys Kenyan lottery
Real estate trusts get tax exemptions
The Trust owns Greenspan Mall, Bay Holdings and Highway House
By Otiato Guguyu 5 years ago
Real estate trusts get tax exemptions
How most of Sh3tr budget will line pockets of the rich
Also, a worrying trend is that development expenditure is only a fifth of total spending
By Otiato Guguyu and Jevans Nyabiage 5 years ago
How most of Sh3tr budget will line pockets of the rich
Auctioneer hammer to fall on defaulters of CMA fines
The regulator is also pursuing Former National Bank of Kenya managing director Munir Ahmed
By Otiato Guguyu 5 years ago
Auctioneer hammer to fall on defaulters of CMA fines
Removal of storage fees to boost port
The Port of Mombasa shrugged off challenges of new taxation and re-inspection of goods to record a 70 per cent jump in net profits to May this year.
By Otiato Guguyu 5 years ago
Removal of storage fees to boost port
Coca-Cola sells head office in Nairobi
Restructuring of Coca Cola beverages in Kenya is shaping up with the completion of acquiring franchises and sale of its head offices in UpperHill.
By Otiato Guguyu 5 years ago
Coca-Cola sells head office in Nairobi
Startups now get tax reprieve as they list at the Nairobi bourse
Finance Cabinet Secretary Henry Rotich has given firms with tax issues an amnesty to list at the Nairobi Bourse.
By Otiato Guguyu 5 years ago
Startups now get tax reprieve as they list at the Nairobi bourse
Uhuru’s Big Four agenda projects get more funds
Rotich says first year scorecard to include Eldoret-based textile maker Rivatex, which will be launched in the coming weeks.
By Otiato Guguyu 5 years ago
Uhuru’s Big Four agenda projects get more funds
Big win for small suppliers as State to finally pay up
PS says special groups to be given priority, with the rest having to wait for the new financial year to kick in.
By Otiato Guguyu 5 years ago
Big win for small suppliers as State to finally pay up
Uganda joins ban on Kenya notes
Bank of Uganda issued a notice barring currency conversion and repatriation to Kenya stating that all conversions would be done within Kenya.
By Otiato Guguyu 5 years ago
Uganda joins ban on Kenya notes
Kenya GBV cases higher than global average
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