Bottlers Court Case may Increase the Price of Soda
Nairobi Bottlers Limited, Mount Kenya Bottlers Limited, Rift Valley Bottlers Limited and Kisii Bottlers Limited will be going to the Court of Appeal to challenge a High Court ruling that allowed Kenya Revenue Authority (KRA) to demand taxes worth KES 5 Billion…
Bank Agents, DTMs Push Sector Growth
Growth in the number of transactions handled by Agents for banks has kept the growth of the Banking sector in Kenya steady. There are 14,168 active agents facilitating over 24.7 million transactions in the 3rd Quarter
Drop in CBR Increases Demand for Credit
The reduction in the Central Bank’s base rate in September has increased the demand for new loans from different sectors in the economy. According to reports from the Central Bank of Kenya, trade and personal loans saw the highest increase in demand for new loans with the…
New Sub-Stations Spell Hope for Turkana Wind Project
With support from the AfDB and a Spanish engineering farm banking on its success, the Lake Turkana Wind Power project surges on.
Banking Sector Grows in 3rd Quarter
The Kenyan Banking Sector has shown continued growth in the 3rd quarter that ended September 30th 2012 compared to 2nd quarter. According to statistics from the Central Bank of Kenya, the sector continued to register improved performance with the size of assets…
8 Things You Should Know This Morning
1. KES 5 Billion Deal To Boost Electricity Supply in Nairobi A Spanish company has been awarded the Sh5billion substation power project which will allow the transmission of electricity imported from Ethiopia and the Lake Turkana wind project into Nairobi. The project is expected…
KQ Passenger Numbers Drop on Domestic Routes
Kenya Airways carried lesser passengers on the local routes in the 2nd quarter of 2012 compared to the numbers it achieved last year in the same period. In a statement released today, on the domestic front, capacity reduced by 9.6% compared to similar period last year. The national…
The Other Turkana Crisis
The LTWP could produce 9% of the country's energy, from clean energy. Yet, since 2009, Kenyans have been taken round in circles and taxpayers money seems to be going into a black hole. Just what is happening in Turkana
Standard Chartered Bank Chairman Steps Down
Standard Chartered Bank has announced today that its Chairman, Wilfred Kiboro, has stepped down from serving as the bank's board chairman
Music Copyright License Fees Go Up 11%
The Music Copyright Society of Kenya (MCSK) has increased all public performance fees license fees by 11%. The rise of this fees comes with effect to changes in the consumer price index (CPI) for the period between 1st October 2011 and 30th September 2012.
1
