Carbacid’s offer for BOC opens amidst pushback on price

By Kepha Muiruri,

Carbacid Investments offer to acquire BOC Kenya (BOCK) has opened without amendments to its valuation of the company. Carbacid alongside its Aksaya...

BOC Kenya , Carbacid Investments , mergers and acquisitions

February inflation rises to 5.8 per cent as cost of living soars

By Kepha Muiruri,

The rate of inflation in February has risen further to 5.78 per cent from a lower 5.69 per cent in January. This to represent a steady rise in the ...

Inflation , KNBS

Trade Ministry optimistic of Kenya-UK trade deal adoption

By Kepha Muiruri,

The Ministry of Trade has expressed optimism on the adoption of the Kenya-UK trade pact by the National Assembly representing the deal’s ratificatio...

CS Betty Maina , Kenya-UK trade deal

Gov’t tax relief cuts Kenya Power full year loss to Ksh.939M

By Kepha Muiruri,

Kenya Power full year loss contracted from an initial Ksh.2.98 billion to Ksh.939 million from tax credits earned from the relief on corporation tax p...

corporate tax , KENYA POWER

East African Portland Cement cuts loss to Ksh.1 billion

By Kepha Muiruri,

Manufacturer East African Portland Cement Company (EAPC) has cut its half year loss through December 31, 2020 to Ksh.1 billion from Ksh.1.6 billion la...

East African Portland Cement (EAPC)

Parliament fails to ratify Kenya-UK Economic Partnership Agreement

By Citizen Reporter,

The National Assembly has failed to ratify the Economic Partnership Agreement between Kenya and the United Kingdom. The debate was expected on Thur...

economic partnership agreement , kenya , UK

KenGen half year profit down by 38 per cent to Ksh.5.1 billion

By Kepha Muiruri,

Electricity generating firm KenGen has reported a 37.8 per cent profit decline in six months of operations to December 31, 2020 with earnings falling ...

kengen

Kenya Power half-year profit sinks by 80% on bloated financing costs

By Kepha Muiruri,

Utility Company Kenya Power has seen its half year earnings across six months to December 31, 2020 slump by 80.1 per cent to Ksh.138 million from Ksh....

KENYA POWER

Gov’t earnings from PAYE drop by Ksh.62.1 billion in one year

By Kepha Muiruri,

The government has shed Ksh.62.1 billion in earnings from pay as you earn (PAYE) with the tax head being the worst hit by COVID-19 related disruptions...

COVID-19 , National Treasury , PAYE

Carbacid half-year profit rises to Ksh.210 million

By Kepha Muiruri,

Industrial gas manufacturer Carbacid Investment Plc has announced an 18 per cent half-year profit growth to Ksh.210.4 million from Ksh.178.7 million l...

BOC Kenya , Carbacid Investments

Gov’t forms team to set sugarcane prices

By Dennis Otieno,

The Ministry of Agriculture has moved a step closer in reviewing cane prices in the country. The government has appointed a nine-member team to ste...

sugarcane

BAT profit rises by 41pc to Ksh.5.5B on lower costs, taxes

By Kepha Muiruri,

BAT Kenya has announced a 41 per cent growth in profit for the year ended December 31, 2020 to Ksh.5.5 billion from Ksh.3.9 billion in 2019. The hi...

BAT Kenya

Treasury misses Ksh.18B target on February second bond offer

By Kepha Muiruri,

The National Treasury has missed its target of raising Ksh.18 billion from its second-stab in February’s bond sale. Having initially fallen shy o...

bond , debt , Treasury

Kenya’s debt exposures expected to cut 2021 growth prospects

By Kepha Muiruri,

Kenya’s growing exposure to debt is expected to trim 2021 growth prospects even as the economy rebounds from contraction in 2020. According to ec...

debt , John Gachora , NCBA Group

When China and other huge nations dispatch digital currencies, will it commence worldwide chaos?

By Agencies,

Probably the most sweltering subject in cryptographic forms of money is the possibility of significant economies dispatching state-sponsored computeri...

New IMF, World Bank loans trim Kenya’s debt refinancing risks

By Kepha Muiruri,

Kenya’s change of tact to re-integrate cheap financing from the International Monetary Fund (IMF) and the World Bank has served to trim the country�...

2021 MTDS , debt refinancing , National Treasury

Inside gov’t Ksh3.5 trillion 2021/22 spending plan

By Kepha Muiruri,

Kenya’s 2021/22 budget is expected to top Ksh.3.5 trillion with National Treasury divulging details to the spending plans in the 2021 Budget Policy ...

2021/22 budget , Kenya debt , National Treasury

Treasury CS Ukur Yatani now goes for Ksh.124 billion Eurobond

By Kepha Muiruri,

National Treasury Cabinet Secretary Ukur Yatani is set to make his debut in the international capital markets with a Ksh.123.5 billion Eurobond in the...

2021 Budget Policy Statement (BPS) , CS Ukur Yatani , Kenya's debt , National Treasury

CA, telcos set up interactive portal for safer internet for children

By Citizen Reporter,

The Communications Authority of Kenya (CA) has launched an interactive portal aimed at creating a safer internet for children. The project is in pa...

safer internet day

Flower exporters forecast rosy Valentine’s Day

By Kepha Muiruri,

Local flower exporters expect better tidings from this year’s Valentine’s Day sales in contrast to last year. According to the Kenya Flower Cou...

COVID-19 , Kenya Flower Council (KFC) , Valentine's Day