UAP Holdings says capital gains tax hit profit in 2014 UAP Holdings said Monday that the introduction of the capital gains tax (CGT) caused the drop in its overall profitability in 2014. The insurance firm’s net profit for 2014 fell by eight per cent to stand at Sh1.67 billion…

Ecobank unveils plan, promises to strengthen presence in Kenya Pan-African lender Ecobank plans to wind down its expansion strategy across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its  Chief Executive Officer Albert Essien said. “These four countries together are very important to the future…

Poor families conned of KES 7 billion in dubious scheme Police are investigating a dubious investment scheme through which poor families may have lost more than KES 7 billion on expectations that their children would be educated for a token. The Criminal Investigation…

“Western Union is pleased to strengthen this mutually productive and beneficial relationship with the inclusion of electronic banking channels that are customer-centric and technologically advanced.” Jean-Claude Farah, Senior vice president Western Union, Middle East and Africa. In a move that will further cement their…