Ferry Service Workers May Strike for the Second Time This Month
Kenya Ferry Service workers have threatened to go on strike for the second time this month. They have given the government an ultimatum that expires on the 16th of November, 2012.
Withholding VAT Could Be Coming Back
The government is considering bringing back the law that will allow withholding of VAT. This comes after a poor collection on VAT and the treasury says that it has noted that there has been a fall in ordinary revenues from VAT, which comes after the Treasury did away with the withholding tax regime so that firms wont surrender cash and reclaim it from the Kenya Revenue Authority (KRA).
DStv Kenya Launches New Channels
DStv subscribers will now have 2 new channels after the pay-tv provider added True Movies and BlackBelt TV to its channel bouquets. True Movies features a wide range of A-list Hollywood stars from Meryl Streep and Glenn Close to Matt Demon and Angelina Jolie. It will…
My Money in My 20’s: Myths of Self-Employment
At most times most entrepreneurs choose to work for long hours. It might be because they enjoy their work so much that they want to put in long hours or perhaps they have set up their businesses in such a way that their physical presence is necessary for income generation. Does being self employed necessarily entail working for longer workers?
Portland Cement Records Nearly 20% Increase In Two Days
Yesterday the performance at the bourse dipped as both major indices recorded wanting results from the day’s trading. The 20-Share Index closed at 4152.11 and the All-share index followed suite closing at 92.913. East African Portland Cement – It is the smallest of the three listed building material…
Safaricom Shareholders in For a Shock.
“We are relieved to have recovered from the damaging price wars. We are now focusing on customer growth” – Bob Collymore, Safaricom CEO. The company’s shareholders are in for a shock as Safaricom shares may not yield the dividends many are hoping it will. The 94% increase in net income…
Syokimau Commuter Train Schedule, Fare and Parking Charges
The Syokimau Commuter train is being launched. Here's its schedule and fare.
8 Things You Should Know This Morning
1. CBK to License Independent Remittance Providers The Central Bank of Kenya has released a draft proposal to have independent money remittance providers (MRPs) licensed. CBK has developed draft Regulations on International Money Remittance Business to be issued to key stakeholders for public…
CBK to License Independent Remittance Providers.
The Central Bank of Kenya proposes to license stand alone money remittance service providers in a bid to regulate and control the diaspora remittance business which is growing at fast rates.
British American: Good For Insurance, Bad For Tobacco
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 Proposed NSSF Bill Saga: A Government Divided
The proposed NSSF Transformation Bill promises to give every Kenyan a chance to prepare for their future. The Retirement Benefits Authority has doubts about the plan's feasibility.
Could Shares Have Made you Money This Year?
With 50,000 shillings, just how much would have made from the stock market from late last year? We play out this scenario using a selection of shares.
Emirates Half Year Profits up 68% as KQ Posts KES 4b Loss
Emirates has announced a half year net profit of KES 48.88 billion for the 6 months to 30th September 2012 riding on stable passenger numbers. In the same period, Kenya Airways, reported a KES 4.7 billion loss citing falling passenger numbers.
1 Million Hectolitres of Beer a Year From Keroche
Keroche Breweries Limited is constructing a 1 Million-a-year hectolitre brew house (250 hectolitres per brew) in order to introduce two new beer brands and meet demand for the existing two, Summit Larger and Summit malt. This comes at a time when brewer plans to raise its share of…
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