Parliamentary watchdog report warns of decline in growth rate
The country failed to realise an estimated Sh81 billion wealth as a result of failure by the county governments to spend all funds allocated for development projects.
By James Anyanzwa 9 years ago
Parliamentary watchdog report warns of decline in growth rate
State plans to cross-list sovereign bond
The Government plans to cross-list its $2 billion (Sh180 billion) sovereign bond on the Nairobi Securities Exchange (NSE).
By James Anyanzwa 9 years ago
State plans to cross-list sovereign bond
Why investors should consider equity funds
Business Beat spoke to Stanlib Investment Company’s Regional Head of Business Development (East Africa), Mr Felix Gichaga, on why investors should consider equity funds as a vehicle for investing in the Nairobi Securities Exchange.
By JAMES ANYANZWA 9 years ago
Why investors should consider equity funds
Analysts warn Treasury over bid to increase debt ceiling
The Government’s plan to raise the ceiling of external borrowing by over Sh1 trillion has ruffled the feathers of many Kenyans.
By James Anyanzwa 9 years ago
Analysts warn Treasury over bid to increase debt ceiling
Centum posts Sh1.3 billion profit
Centum Investment Group posted a 24 per cent growth in pre-tax profit for the six months period ended September 30. The company's profit before tax rose to Sh1.28 billion from Sh1.03 billion in a similar period last year, driven by growth in investment income.
By James Anyanzwa 9 years ago
Centum posts Sh1.3 billion profit
How return of Capital Gains Tax will raise cost of shares, property
The cost of selling shares at the Nairobi Securities Exchange (NSE) has gone up by five per cent after the National Treasury reintroduced the Capital Gains Tax (CGT).
By James Anyanzwa 9 years ago
How return of Capital Gains Tax will raise cost of shares, property
Equity firm seeks majority stake in Resolution Insurance
Equity firm LeapFrog Investments plans to invest Sh1.68 billion ($18.7million) for a majority stake in Resolution Insurance, through its holding company, Resolution Health East Africa Ltd.
By James Anyanzwa 9 years ago
Equity firm seeks majority stake in Resolution Insurance
Why Africa is on cusp of consumer boom
Africa could benefit from an economic boom owing to potential entry of foreign investors looking to pump billions of dollars into the technology and manufacturing sectors.
By James Anyanzwa 9 years ago
Why Africa is on cusp of consumer boom
After months of inactivity, GEMS becomes the in thing
Christmas has come early for entrepreneurs and a select few investors at the Nairobi Securities Exchange.
By James Anyanzwa and Business Beat Reporter 9 years ago
After months of inactivity, GEMS becomes the in thing
Treasury yet to take up its stake in Uganda refinery
The Government is wavering on a decision to invest in the planned oil refinery to be constructed at Hoima District in Uganda.
By James Anyanzwa 9 years ago
Treasury yet to take up its stake in Uganda refinery
Co-op Bank bets on mobile wallet, regional expansion to grow profits
Co-operative Bank Group has announced a 2.5 per cent growth in pre-tax profit for the nine months to September 30.
By James Anyanzwa 9 years ago
Co-op Bank bets on mobile wallet, regional expansion to grow profits
State targets 40 per cent electricity tariff cut by next month
President Uhuru Kenyatta is keen to trim electricity tariffs by over 40 per cent by the end of December. This is part of a raft of measures designed to lower cost of doing business and attract investments.
By James Anyanzwa 9 years ago
State targets 40 per cent electricity tariff cut by next month
Proposed law seeks to limit foreign ownership in strategic firms
The Capital Markets Authority (CMA) will limit how much foreigners can own in strategic national assets.
By James Anyanzwa 9 years ago
Proposed law seeks to limit foreign ownership in strategic firms
Equity Bank secures major Tanzania Revenue Authority tax collection deal
Equity Bank Group has sealed a partnership with Tanzania Revenue Authority (TRA) allowing tax payers in the country to pay all their taxes through its network.
By James Anyanzwa 9 years ago
Equity Bank secures major Tanzania Revenue Authority tax collection deal
Pan-Africa Insurance in talks to acquire Gateway, increase market share
Pan Africa Insurance Holdings Ltd (PAIHL) has announced a take-over of Gateway Insurance Company in a move widely expected to bolster its market share and strengthen its position in the general insurance business.
By James Anyanzwa 9 years ago
Pan-Africa Insurance in talks to acquire Gateway, increase market share
Banks overlooked as firms turn to bonds
This year has been a boon for the Government and local companies, especially banks and insurance companies, looking to borrow money from the public to fund their growth.
By James Anyanzwa and Wanjala Were 9 years ago
Banks overlooked as firms turn to bonds
Insurance premiums rose 21pc, says IRA report
Insurers’ gross written premiums rose 21.1 per cent for the six months to June 30.
By James Anyanzwa 9 years ago
Insurance premiums rose 21pc, says IRA report
Sh104b bad loans blamed on high bank rates
Kenyans are yet to reap the benefits of affordable interest charges despite the Government’s spirited efforts to have commercial banks lower the cost of borrowing.
By James Anyanzwa 9 years ago
Sh104b bad loans blamed on high bank rates
KRA’s new withholding tax to worsen refund backlog, warn experts
The Government has re-introduced withholding Value Added Tax (VAT) on its suppliers in a move aimed at shoring up its revenue collections.
By James Anyanzwa 9 years ago
KRA’s new withholding tax to worsen refund backlog, warn experts
AfDB cautions Kenya over ‘growth for the rich only’
African Development Bank (AfDB) has warned against Kenya’s growth that makes a few richer while majority struggle to survive.
By James Anyanzwa 9 years ago
AfDB cautions Kenya over ‘growth for the rich only’
Kenya to benefit from more than Sh712b earmarked for Horn of Africa
Kenya is among key beneficiaries of a $8 billion (Sh712 billion) financial support pledged by global and regional institutions.
By James Anyanzwa 9 years ago
Kenya to benefit from more than Sh712b earmarked for Horn of Africa
Uproar as State slaps 25pc duty on imported paper
In what is seen as a rare policy shift, Treasury has slapped a 25 per cent duty on imported paper to protect the ailing Pan Paper Mills that collapsed more than five years ago.
By James Anyanzwa and Jackson Okoth 9 years ago
Uproar as State slaps 25pc duty on imported paper
Kenyans to register for digital IDs by February next year
The Government is set to kick off the multi-billion-shilling digital registration of persons in the next four months.
By James Anyanzwa 9 years ago
Kenyans to register for digital IDs by February next year
Authority to help ease traffic congestion in Nairobi on the way
Plans by the Government to ease traffic congestion in Nairobi and its environs through establishment of a bus rapid transit system (BRTS) is gathering steam.
By James Anyanzwa 9 years ago
Authority to help ease traffic congestion in Nairobi on the way
Good times for depositors as CBK unveils new refund plan
Central Bank of Kenya (CBK) has announced a radical compensation plan for collapsed institutions that will ensure depositors get decent refunds up from the maximum Sh100,000 guaranteed under the current scheme.
By James Anyanzwa 9 years ago
Good times for depositors as CBK unveils new refund plan
Raiply bids to buy troubled Panpaper
Raiply Ltd is among key contenders for the purchase of the troubled Webuye-based Panpaper Mills that is currently under receivership.
By James Anyanzwa and Luke Anami 9 years ago
Raiply bids to buy troubled Panpaper
Carry your own cross, players tell rogue recruitment agencies
Private employment agencies have acknowledged the presence of rogue agencies in the industry and called upon the Government to speed up vetting.
By James Anyanzwa 9 years ago
Carry your own cross, players tell rogue recruitment agencies
Kenya seeks over 835,000 tonnes of fuel for November to January
Oil importers are seeking 835,560 tonnes of oil products for delivery for November to January, about 40 per cent more than volumes purchased in September to October, according to industry sources.
By James Anyanzwa and Reuters 9 years ago
Kenya seeks over 835,000 tonnes of fuel for November to January
Uchumi prices Rights Issue at Sh9 per share
Uchumi Supermarket has priced its planned Rights Issue at Sh9 per share with hopes of raising Sh895.8 million in additional capital from the existing shareholders.
By Frankline Sunday and James Anyanzwa 9 years ago
Uchumi prices Rights Issue at Sh9 per share
CS warns traders over quality of products sold in the market
The Government has cautioned manufacturers and traders against compromising quality of products especially those that negatively impact on safety, health and environment.
By James Anyanzwa 9 years ago
CS warns traders over quality  of products sold in the market
Nairobi ranked third most attractive city to investors in Africa
Kenya ranks amongst three nations perceived to be the most attractive investment destinations in Sub-Saharan Africa, a new study shows.
By James Anyanzwa 9 years ago
Nairobi ranked third most attractive city to investors in Africa
Government to auction 12-year bond worth Sh15b
The Government is seeking to raise Sh15 billion from the local debt market to fund key infrastructure projects as part of efforts to stimulate economic activities and lift the economy to a higher growth path.
By James Anyanzwa 9 years ago
Government to auction 12-year bond worth Sh15b
Equity Bank readies to issue ultra-thin SIM
Equity Bank is set to issue a ultra-thin mobile banking smart SIM with patented technology from Taiwan-based Taisys Technologies Co. Ltd.
By James Anyanzwa 9 years ago
Equity Bank readies to issue ultra-thin SIM
KRA raises alarm over Sh30b lost to tax evasion
The Government has lost over Sh30 billion in tax revenues to multinational corporations, which are shifting billions of dollars between jurisdictions to reduce or even to completely avoid their tax obligations.
By James Anyanzwa 9 years ago
KRA raises alarm over Sh30b lost to tax evasion
Will Mumias Sugar rise from the ashes?
Mumias Sugar Company (MSC) is back to the drawing board to map out a new growth plan, after its under-performance and loss making traits left shareholders staring at an estimated Sh72 billion in losses in less than eight years.
By James Anyanzwa 9 years ago
Will Mumias Sugar rise from the ashes?
Wananchi Group receives Sh11.6b from shareholders
Shareholders of Wananchi Group, owners of the Zuku Fiber, Zuku pay TV and Simbanet business services brands have injected Sh11.57 billion($130 million) of additional capital in the business.
By James Anyanzwa 9 years ago
Wananchi Group receives Sh11.6b from shareholders
Kenya gets IMF approval but report warns security needs tightening
The International Monetary Fund (IMF) has given a thumbs-up to Kenya's progress in implementing economic reforms but warned that the country remains highly vulnerable to deteriorating security conditions, weather-related shocks and difficulties in implementing devolution.
By James Anyanzwa 9 years ago
Kenya gets IMF approval but report warns security needs tightening
NSE hires consultant to spearhead recruitment of new chief executive
The Board of the Nairobi Securities Exchange (NSE) has hired consultancy firm KPMG to aid in the competitive recruitment of a new chief executive for the 60-year-old bourse.
By James Anyanzwa 9 years ago
NSE hires consultant to spearhead recruitment of new chief executive
Investment firm lowers Kenya's growth outlook
Fund managers at Pine Bridge Investments have lowered their growth forecast for Kenya, citing insecurity, weakening shilling, resurgence in inflationary pressure, rising interest rates, increased government spending on recurrent activities and erratic weather patterns.
By James Anyanzwa 9 years ago
Investment firm lowers Kenya's growth outlook
Stop wastage of public funds, counties warned
The State has cautioned public officers against misuse and wastage of public resources even as it emerged that the Executive has failed to walk the talk on controlling the ballooning public wage bill.
By James Anyanzwa 9 years ago
Stop wastage of public funds, counties warned
Meru farmers protest Governor Nassir's levy on miraa
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