Inflation rises to 5.61pc
Food prices offset gains from low energy bills edging up inflation to 5.61pc Inflation bucked a five month decline in February, inching up marginally on rising prices of key food items which offset benefits from lower energy bills. Data from the Central Bank of Kenya (CBK) shows that the cost…
Monday Brief – 16th Feb
Safaricom’s M-Pesa cards plan targets e-payment billions The M-Pesa debit cards and point of sale (POS) terminals will enable customers to pay for government services, which the State has committed to shift online in a bid to curb corruption and ease transactions at public offices. Safaricom has signed deals with…
Monday’s Morning Brief – Nov 24
US oil firm Camac suspends Lamu exploration Camac Energy, a Houston based oil explorer, has suspended carrying out seismic surveys in Lamu after concerns were raised over the effect of the operations on the Arabuko-Sokoke forest in the area. […] Local contractors take 40% of SGR fund…
Thursday’s Morning Brief – Nov 20
KRA releases guidelines on withholding tax The Kenya Revenue Authority has released guidelines for the collection of withholding VAT on payments made to government suppliers, which will be charged at 6% of the cost of supplied goods or services. Withholding VAT was reintroduced in the Finance Act 2014 […
Tuesday’s Morning Brief – Nov 18
Uganda sugar barons want full access to Kenya market In what could compound local sugar millers’ problems, Uganda barons are demanding full access to the Kenya market — based on the East African Community’s free market rule. “… Sugar from other countries in SADC and Comesa — which are not…
Friday’s Morning Brief – Nov 14
Treasury aims to raise KES 15bn with reopening of 15-year paper The National Treasury is seeking to raise KES 15 billion in a 15-year bond sale. The fixed-income paper, which offers 10.25% as interest payable twice a year, closes next Tuesday, November 18. The Treasury has avoided offering such long-dated securities to…
Today’s Morning Brief- Nov 6
We deliver a summary of important business news in Kenya to you this morning: Equity Bank secures major Tanzania Revenue Authority tax collection deal Equity Bank Group has sealed a partnership with Tanzania Revenue Authority (TRA) allowing tax payers in the country to pay all their taxes through its network.
Today’s Morning Brief- Nov 4
We deliver a summary of important business news in Kenya to you this morning: Uchumi acquires Dar supermarket in growth drive Uchumi supermarket has acquired a store in Tanzania as part of its expansion plan in that market. Chief executive Jonathan Ciano said acquisition of the outlet from Dar es…
5 Things You Should Know This Morning – Oct 24
Low cost Kenya made car goes on sale at KES 950,000 A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago. The car, which trades under the brand name Mobius, entered the showrooms…
American Express And Equity Bank To Launch The First American Express Cards In Kenya Tomorrow
Tomorrow morning, Equity Bank Limited (EQTY) and American Express will launch the first American Express branded cards in Kenya. The venue of the launch will be at Equity centre, 9th floor, Upper Hill, Nairobi. The bank will be the sole issuer of American…
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