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S.African wine and spirits maker Distell branches out into cannabis products
By Reuters,
1205, January 20, 2021 (EAT)
South African wine, cider and spirits company Distell will soon be able to offer cannabidiol-infused drinks after taking a 20% stake in cannabis welln...
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EABL names Jane Karuku as its new Managing Director
By Kepha Muiruri,
1730, December 10, 2020 (EAT)
East African Breweries Limited (EABL) has named Jane Karuku as the firm’s new Managing Director effecting from January 1, 2021. Mrs. Karuku repla...
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November inflation shoots to 7-month high 5.5% on higher food costs
By Kepha Muiruri,
1036, December 1, 2020 (EAT)
Kenyans are expected to feel the pinch of greater costs with November inflation shooting to a seven-month high 5.46 per cent from 4.84 per cent in Oct...
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New rules proposed for sale of alcoholic drinks
By Erick Owenga,
1308, November 30, 2020 (EAT)
The Ministry of Trade has proposed a new set of operating guidelines for traders selling alcoholic drinks to tame the spread of COVID-19. In the ne...
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EABL doubles raw material purchases on rebounding alcohol consumption
By Kepha Muiruri,
1502, November 18, 2020 (EAT)
East African Breweries Limited (EABL) has revised its demand for grains used in the production of alcoholic beverages on the back of a rebound in sale...
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Kenya’s inflation jumps for the first time since April from high food costs
By Kepha Muiruri,
1541, October 30, 2020 (EAT)
Kenya’s inflation rate has increased for the first time since April this year to stand at 4.84 per cent in October from a low 4.2 per cent in Septem...
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KRA seizes alcoholic products branded ‘Fiesta Special Ice’ over fake excise stamps
By Citizen Reporter,
1258, October 9, 2020 (EAT)
Kenya Revenue Authority (KRA) in conjunction with the multi-agency team charged with combating illicit trade has impounded more than 1,600 cartons of ...
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KRA effects higher excise rates, signals greater fuel, alcohol prices
By Kepha Muiruri,
1704, October 2, 2020 (EAT)
The Kenya Revenue Authority (KRA) adjusted its effective excise duty rate by five percent, signalling higher costs for excisable goods which largely f...
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September inflation cools to 4.2 per cent on lower energy, transport costs
By Kepha Muiruri,
1719, September 30, 2020 (EAT)
The cost of living has continued to ease with the rate of inflation in September cooling further to 4.2 per cent from 4.36 per cent in August. Acco...
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Beer distributors seek reprieve on planned tax hike
By Kepha Muiruri,
1121, September 12, 2020 (EAT)
Beer distributors have asked the Kenya Revenue Authority (KRA) alongside the National Treasury to reconsider the planned hike of excise duty rates. ...
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Kenya’s cost of living holds steady in August with inflation at 4.36pc
By Kepha Muiruri,
1840, August 31, 2020 (EAT)
Kenya's cost of living held steady in August with inflation remaining flat at 4.36 per cent, the same rate as in July. The hold the cost of basic c...
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KRA projects rebound in revenue collection as economy stabilizes
By Kepha Muiruri,
2112, August 25, 2020 (EAT)
The Kenya Revenue Authority (KRA) says it expects normalizing in its revenue collection efforts as the economy continues to open up. The tax man sa...
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EABL cuts raw material purchases from farmers by 71 per cent
By Kepha Muiruri,
1804, August 24, 2020 (EAT)
The East African Breweries Limited (EABL) says it will reduce its purchase of raw material from farmers in the upcoming season by 71 per cent in respo...
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Blow to KRA as tax revenue falls by 12 percent in July
By Kepha Muiruri,
1100, August 22, 2020 (EAT)
Tax collected in the first month of the 2020/21 financial year declined by 12.1 percent to Ksh.94.5 billion from Ksh.107.5 billion last year. Accor...
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July inflation falls to 4.36 pc on lower food and housing costs
By Kepha Muiruri,
1629, July 30, 2020 (EAT)
Basic consumer prices continued to fall for the fourth straight month with July inflation cooling to 4.36 percent from 4.59 percent in June. The di...
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EABL banks on e-commerce to withstand COVID-19 impact on sales
By Kepha Muiruri,
1431, July 30, 2020 (EAT)
The East African Breweries Limited (EABL) has put its faith on e-commerce to stay afloat amidst dwindling sales resulting from Covid-19 related restri...
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Kenya’s 1.5% digital services tax for Netflix, Uber to take effect in January
By Kepha Muiruri,
2000, June 30, 2020 (EAT)
The operation of the 1.5 percent digital services tax levied on gross sales by online businesses such as Netflix and Uber is set to take effect early ...
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June inflation falls to 4.59 percent on low food costs
By Kepha Muiruri,
1843, June 30, 2020 (EAT)
Consumers have marked an extended relief to the pricing of common goods as the rate of inflation falls to 4.59 percent in June from an adjusted 5.33 p...
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MPs shoot down taxes on pensions, cooking gas in Finance Bill adoption
By Kepha Muiruri,
1125, June 24, 2020 (EAT)
The 2020 Finance Bill sailed through the floor of the National Assembly as Members of Parliament shot down proposals by Treasury to raise taxes from p...
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Pensioners spared from tax as Kenyans are handed cheaper Unga
By Kepha Muiruri,
954, June 19, 2020 (EAT)
The National Assembly Finance and National Planning Committee has thrown out proposals that would have seen monthly pension payment attract tax paymen...
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