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Business

KRA To Track Tax Evading Landlords in new Technology

The KRA, (Kenya Revenue Authority)will now nab tax-evading landlords through the latest mapping technology. This is in addition to accessing bank records on rental income

Business

Mobile Money Cash Transactions Hit Kshs 6T

Mobile money cash transactions have jumped 36 percent to Sh6.2 trillion in the nine months to November. Data from the Central bank of Kenya shows

Business

Sasini Net Income up to Kshs573 M

Sasini grew its net income 45.5 times to Sh573.2 million in the year ended September. The growth was helped by higher sales and cost containment

Business

Car & General Dividend Payouts up to kshs 3.2 per Share

Car & General is quadrupling its dividend payout to Sh3.2 per share besides proposing a one-for-one bonus share. This is after posting strong results for

Business

Centum Re To Earn Kshs 17B in Share Sale

Centum Real Estate has signed an agreement to raise Sh17 billion from Luxembourg-based private equity firm GEM Global Yield LLC CSC. The money will be

Business

NSE Investors Lose Kshs 56B in Paper Wealth

NSE Investors lost Sh56.7 billion of paper wealth at the NSE on Monday. This is the biggest daily drop since March last year. The market

Business

Equity Group Ventures Into Insurance

Equity has ventured into the insurance business in what could shake up the market and help grow penetration to above the current 2.2 percent. The

Business

NBV Market Valuation Settled at Kshs6B

The market valuation of Nairobi Business Ventures (NBV) has settled at Sh6.7 billion, three months after the completion of its reverse takeover by Delta International

Business

Treasury Raises Kshs 27B from 5 Year Bond Sale

The Treasury has raised Sh27.4 billion from the re-opened five-year bond, amounting to 91.3 percent of the Sh30 billion it was seeking in the auction.

Business

Kakuzi PLC Issues Profit Warning on Reduced Avocado Production

Kakuzi has issued a profit warning for the year ended December, citing reduced avocado production and lower prices of the commodity in European markets. The

Business

KCB Group Sets Up Kshs 800M Nakuru MSME Fund

KCB Bank has set up an Sh800 million fund to finance the revival of small businesses and cooperatives in Nakuru County hit by the Covid-19

Business

KTDA Releases Kshs3B as payment to Farmers

The Kenya Tea Development Agency (KTDA) has disbursed Sh3 billion as payment to its smallholder tea farmers. The payment is for the December 2021 green leaf deliveries

Business

Airtel Losses Hit Kshs 6B

Airtel Kenya’s losses doubled in 2020 to Sh5.9 billion even as its auditors raised the red flag on the company’s financial health. This is after

Business

Airtel, Telkom Kenya Join Safaricom on Mobile Tariff Slash Fight

Airtel Kenya, The Consumers Federation of Kenya, and Telkom Kenya have joined a case in which Safaricom has petitioned a tribunal to block the sector

Business

Equity Group to Earn Billions from Debit Card Fee

Equity Group is set to earn billions of shillings from the introduction of an annual debit card fee of Sh240. The amount is being charged

Business

EPRA Flouts Uhuru’s Tender Order

The Energy and Petroleum Regulatory Authority (Epra) has flouted President Uhuru Kenyatta’s directive that requires all State agencies, ministries, and parastatals to publish all tenders