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Gov’t tax relief cuts Kenya Power full year loss to Ksh.939M
By Kepha Muiruri,
1620, February 26, 2021 (EAT)
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...
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KenGen half year profit down by 38 per cent to Ksh.5.1 billion
By Kepha Muiruri,
1023, February 26, 2021 (EAT)
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 ...
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Kenya Power half-year profit sinks by 80% on bloated financing costs
By Kepha Muiruri,
1859, February 25, 2021 (EAT)
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....
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COVID-19 cuts 912 Kenyans from dollar millionaires list: Report
By Kepha Muiruri,
2138, February 24, 2021 (EAT)
COVID-19 related disruptions have cut 912 Kenyans out of the dollar millionaires club according to a new Wealth Report by consultancy firm Knight Fran...
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Acorn raises Ksh.2.5 billion funding as it lists Reits on NSE
By Kepha Muiruri,
2116, February 24, 2021 (EAT)
Student hostels developer Acorn Holdings has raised Ksh.2.5 billion in new funding as it begins divesting its stake in the project. On Wednesday, t...
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Why businesses must account for the Digital Services Tax
By Kepha Muiruri,
1003, February 23, 2021 (EAT)
By 2017, about a quarter of the world’s population or about 1.3 billion people at the time had purchased goods online. This is according to data ...
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Kenyans abroad sent home Ksh.30.5B in January: CBK
By Kepha Muiruri,
658, February 23, 2021 (EAT)
Kenyans abroad sent home Ksh.30.5 billion ($278.4 million) last month marking a continued flow in diaspora remittances at the start of the year. Ac...
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61 per cent of half-year tax revenues eaten up by debt payments
By Kepha Muiruri,
1826, January 25, 2021 (EAT)
Data now shows that 61.4 per cent of all taxes raised between July and December 2020 or about 61 shillings for every 100 shillings raised by the gover...
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CBK to leave the benchmark rate unchanged at 7 per cent
By Kepha Muiruri,
1821, January 25, 2021 (EAT)
The Central Bank of Kenya (CBK) is expected to largely retain the benchmark lending rate at seven per cent for most of 2021. The reserve bank whose...
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Debt pain as interest payments now eat up 30pc of revenues
By Kepha Muiruri,
1645, January 19, 2021 (EAT)
For every 100 shillings in tax collected, the government is channelling 30 shillings towards interest repayments on debt as Kenya’s debt pressure ti...
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Kenyans abroad sent home a record Ksh.341 billion in 2020
By Kepha Muiruri,
1446, January 16, 2021 (EAT)
Kenyans living and working abroad sent home a record Ksh.341 billion in 2020, growing their remittances by 10.7 per cent from Ksh.308 billion in 2019....
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Shilling sinks past 110 mark again
By Kepha Muiruri,
1521, January 14, 2021 (EAT)
The Kenyan shilling has slumped past the Ksh.110 mark in its valuation against the US dollar for the second time in two months. This is as recent g...
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Shilling hits near two-month high against the dollar
By Kepha Muiruri,
1254, December 23, 2020 (EAT)
The Kenya shilling has rallied against the US dollar hitting a near two-month high in early trading on Wednesday. The local unit was for instance q...
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Treasury seeks redemption in December secondary bond sale, targets Ksh.22B
By Kepha Muiruri,
1404, December 15, 2020 (EAT)
Treasury has sought to save face through a secondary December bond offer following disappointing uptake of a primary bond offer earlier this month. ...
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Motorists to pay more as fuel prices go up in latest review
By Kepha Muiruri,
647, December 15, 2020 (EAT)
Motorists will pay more for fuel from midnight on Tuesday as the Energy and Petroleum Regulatory Authority (EPRA) effects higher petroleum costs. T...
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Kenyans set for high December electricity bills
By Kepha Muiruri,
1630, December 11, 2020 (EAT)
Kenyans are set for higher electricity bills at the end of the Christmas festivities courtesy of weakened shilling. According to the just published...
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The pinch of a fading shilling
By Kepha Muiruri,
1503, December 5, 2020 (EAT)
On January 2, 2020, Ksh.101.34 would have been enough to get your hands on a US dollar, today, you would require Ksh.110.97 to close the same transact...
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Shilling remains in free fall as it crosses Ksh.111 mark against the dollar
By Kepha Muiruri,
1321, December 4, 2020 (EAT)
The Kenyan shilling has remained in a free fall as it crosses a new confidence marker to trade past Ksh.111 mark against the US dollar. The local u...
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Treasury to favour Euro-denominated loans
By Kepha Muiruri,
1854, December 1, 2020 (EAT)
The National Treasury says it will now favour taking out Euro-denominated loans over credit extended in US dollar terms as it seeks to minimize Kenya...
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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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