KRA intensifies war with manufacturers over excise tax
KRA intensifies war with manufacturers over excise tax The Kenya Revenue Authority (KRA) has intensified its war with manufacturers over the payment of excise tax, putting at risk millions of jobs and billions of shillings in tax revenues.The Kenya Association of Manufacturers (KAM) – the industry…
Jubilee overtakes Britam in market valuation at NSE
Jubilee overtakes Britam in market valuation at NSE Jubilee Holdings has overtaken Britam to become the most valued insurer at the Nairobi Securities Exchange for the first time since October 2013.The composite underwriter now has a market valuation of Sh33.5 billion compared to Britam’s Sh31.1…
Growth in housing market cooling off, says KBA
Growth in housing market cooling off, says KBA Prices of property increase marginally in the second quarter of the year amid rising inflation and tight liquidity.The property market is showing signs of cooling off with house prices only rising marginally in the second quarter of…
KCB to set aside Sh1bn for Kenyan start-ups
KCB to set aside Sh1bn for Kenyan start-ups KCB has pledged Sh1 billion to fund start-ups following calls for financial institutions to match the government’s allocation to several entrepreneur seed funds. Chief executive Joshua Oigara made the announcement when he moderated an entrepreneurship panel discussion at…
Investor losses hit Sh120bn as NSE falls to two-year low
Investor losses hit Sh120bn as NSE falls to two-year low Local investors have been cautious when buying shares of the risk of getting locked into higher buying prices at a time the market is on a downward trend. This means the market has been denied an…
Equity stock unit beats six rivals in NSE share trades
Equity stock unit beats six rivals in NSE share trades Equity Investment Bank (EIB) jumped to second place in stockbrokers’ equity trades on the Nairobi Securities Exchange (NSE) in the first half of the year, replacing Russian-owned Renaissance Capital (Rencap) that held the position at…
Equity steps up competition for mobile money customers with cheaper transfer service
Equity steps up competition for mobile money customers with cheaper transfer service Equity Bank has stepped up competition for mobile money customers by making it free for its subscribers to send money to Airtel subscribers and within its network while capping fees charged on transfers to…
Coffee price improves as trading resumes at Nairobi Coffee Exchange
Coffee price improves as trading resumes at Nairobi Coffee Exchange The Nairobi Coffee Exchange (NCE) resumed operations last week from a one-month recess with the price of the beverage registering a slight improvement from the last sale.A 50-kilogramme bag of coffee fetched Sh15,000 compared to the…
Nairobi bourse sheds 3pc value in a fortnight
Nairobi bourse sheds 3pc value in a fortnight The stock market has shed three per cent in value so far this month to slip below the 4,700 point level for the first time in 22 months.The Nairobi Securities Exchange (NSE) has been weighed down by continued…
NSE chief urges openness by listed firms to woo foreigners
NSE chief urges openness by listed firms to woo foreigners Kenyan companies need to increase the level of disclosure if they hope to attract significant foreign funding, the Nairobi Securities Exchange (NSE) chief executive has said. Geoffrey Odundo said local and foreign investors are only comfortable with firms that…
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