Mumias slashes staff allowances, freezes pay increments Troubled Mumias Sugar Company has halved senior staff allowances and frozen pay increments as it struggles to climb out of the deep pit of losses it fell into two years ago. Mumias managing director Coutts Otollo informed staff of the changes, part…

Stockbrokers now take tax case to the Court of Appeal Stockbrokers are set to move their fight against the capital gains tax (CGT) to the Court of Appeal following a High Court ruling allowing the taxman to implement the new levy. Although the Treasury secretary Henry Rotich announced last month…

Britam posts 23pc jump in 2014 after-tax profit Financial services group British-American Investments Company Limited (Britam) has announced an after tax profit of Sh2.8 billion for the year ended December 31 2014, up 23 per cent from Sh2.3 billion the previous year. Group Managing Director explained that the key…

Telecom firms to pay hefty penalties for poor service Telecom firms are set to start paying between 0.1 to 0.2pc of their annual revenue instead of Sh500,000 flat rate as penalties for providing substandard services to customers. CA director-general stated that the current fine was too lenient and has…

Britam's started by selling insurance door to door for premiums as low as 5 shillings to industrial workers. Every record was hand-written, moving the company to hire people whose sole purpose was to retrieve client data from the mountain of records. Amidst such operating difficulties, Britam weathered the storm to grow into the East African powerhouse it is today.

This infograph is part of a series sponsored by Britam  …