Today’s Morning Brief
News items you should note this morning: Suppliers on the spot as KRA re-introduces withholding tax Kenya has re-introduced the withholding value added tax in a move seen as targeted at the thousands of suppliers to government that have evaded the tax since September last year. The Kenya Revenue Authority (KRA)…
5 Things You Should Know This Morning – Oct 28
Kenyan shilling steady; KenGen drags shares lower again The Nairobi Securities Exchange’s main NSE-20 Share Index fell 23.27 points or 0.45% to 5,174.41 points. KenGen, which last week reported a 46% drop in after-tax earnings and slashed its dividend, closed 4.8% lower at KES 10.95 a share. On the foreign exchange market,…
5 Things You Should Know This Morning – Oct 13
London firm seeks Nairobi listing as it eyes oil boom Guernsey-based oil sector services firm Africa Oilfield Logistics plans an NSE listing with an eye on the promising Kenya upstream oil sector. The operator, which is focused on logistics support for upstream oil and gas exploration in sub-Saharan Africa, is…
5 Things You Should Know This Morning – Oct 10
Electricity costs drop on 210MW injection The decline follows the injection of 210 megawatts of geothermal power into the national grid, with 140 megawatts added to the grid in late July and the second tranche of 70 megawatts on September 16. Electricity prices are expected to drop by about 7.8…
5 Things You Should Know This Morning – Oct 6
East African Community ministers order telcos to agree on terms to reduce tarrifs Mobile phone operators across the East African region must agree on terms to reduce international and roaming tariffs to lower the cost of doing business in the region, three ICT ministers from Rwanda, Kenya and Uganda have…
Safaricom’s Plans Thwarted By Rwandan Government In What Is A Blow To Regional Integration
Safaricom‘s plan for its customers visiting Rwanda from this October to make local calls at KES 10 a minute have hit a snag. The Rwandan government has imposed a 30% tax on cross-border call charges in what appears to be backtracking on a…
Kenya-Rwanda Roaming Rates Lowered In East African Integration Effort
Safaricom has announced that it is set to lower the cost of calls and roaming rates between Kenya and Rwanda. The new rates take effect from today. The move which comes ahead of the East African Community (EAC) Heads of State initiative dubbed “One Network” set to officially launch in…
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