The government is in the process of working out a formula for taxing proceeds from oil explorers in the country. This has led to suspension of the sell of oil exploration blocks. Energy minister Kiraitu Murungi said during the East Africa Gas and Oil Summit 2012 that no firm will…

The understanding of the term crime often excludes the concept of white collar crime. Many people will not group a fraudster with a violent robber. The law however creates all sorts of crimes and is quite heedless of social status when determining what constitutes a criminal act.

Our predictions were right. Local fuel prices will as of midnight drop by KES 1.58, KES 0.26 and KES 1.14 for super petrol, diesel and kerosene respectively. Super petrol will retail at KES 113.68 from KES 115.54 in Nairobi, diesel at KES 105.85 from…

UAP Holdings has called investors for the subscription of 12,5 million new ordinary sharesat a subscription price of KES 60 per share. The firm plans to raise KES 750 million in equity capital.

Citibank has lowered its base lending rate to 15% down from 19%, a week after Central Bank lowered the CBR by 200 basis points to 11%. Inflation drop (4.14%) and a stable currency advised CBKs decision.

Standard Chartered had sought to raise 3.2 billion shillings in the rights issue but has raised 8.3 billion. The bank's rights issue was oversubscribed by 158.4 percent similar to the one in 2010 which raised 4 billion shillings against a a targeted 2.5 billion shillings.

The Energy Regulatory Commission (ERC) is today, 14 November 2012, expected to announce reviewed fuel prices for the period starting 15 November 2012 to 14 December 2012. Based on the latest drop in international oil prices and marginal depreciation of the Shilling over the month of October, what should we expect in the forthcoming fuel price review?

“The NSE endeavours to build on its existing suite if products and services in order to meet the evolving needs of our domestic and international investors”  – Mr.Bob Karina, Vice Chairman of the Nairobi Securities Exchange. There was yet another dip yesterday at the Nairobi Securities Exchange as the…

Within just over a decade, Britam has evolved from manually sifting insurance records to relying on a computerized systems capable of handling over 5 billion shillings in insurance premiums every year. Learn the story of this transition.

South African insurance company, Metropolitan Life is offering SACCOS a complete cover for both loans and shares. The firm hopes to build its brand in Kenya while providing the public with new life insurance packages.

1. VAT Bill 2012 Set for 2013 The treasury has announced that The VAT Bill 2012 will be introduced next year after the general election. Speaking to the Daily Nation , Finance Minister, Njeru Githae said, “There are indications that the Bill will be…

The government is not broke then. I read that with a raised eyebrow. We’re being taxed more, paying more for items such as fuel and then we get news that a new fleet of Mercedes Benz cars are being bought for judges. Just who makes these decisions in the first place? The police were on a go slow because they demanded better pay, the government was and still is being reluctant to meet their demands. However, one individual somewhere went to the dealerships with a purchase order for a fleet of new cars.

Performance in the Nairobi Securities Exchange was wanting today, with both major indices showing decreased performance. The 20-Share Index closed at 4152.11, down 7.62 points from Friday. The All-share index followed suite closing at 92.913, down 0.03 points from Friday. This is the second time in a fortnight that both…

The Central Bank has licensed SUMAC DTM as the 8th DTM to focus on Small and Medium Enterprises (SMEs) to spearhead faster growth amongst small companies.