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Stanbic full year profit falls by 19% to Ksh.5.2 billion
By Kepha Muiruri,
932, March 5, 2021 (EAT)
Stanbic Holdings Plc has announced an 18.7 per cent dip in profit after tax with earnings for the year ending in December 2020 falling to Ksh.5.2 bill...
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Mitumba not in competition with new clothes: report
By Kepha Muiruri,
1655, March 4, 2021 (EAT)
Mitumba imports are not in direct competition with new clothes including locally manufactured textiles according to a new report. According to the ...
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Kenya’s economic partnership deal with U.K. under sharp scrutiny
By Kepha Muiruri,
1456, March 3, 2021 (EAT)
Kenya’s recently concluded economic partnership agreement with the United Kingdom has come under sharp scrutiny with observers warning of a backdoor...
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Kenyan private sector firms cut employee salaries further
By Kepha Muiruri,
1427, March 3, 2021 (EAT)
Kenyan private sector firms have continued to trim employee salaries further as the demand for goods and services staggers. Also Read: Pain for Ken...
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Employers warn of further job cuts as they slam new taxes
By Kepha Muiruri,
1233, February 27, 2021 (EAT)
Employers represented by the Federation of Kenyan Employers (FKE) have warned of further job cuts as business struggle to thrive under higher taxes. ...
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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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East African Portland Cement cuts loss to Ksh.1 billion
By Kepha Muiruri,
1611, February 26, 2021 (EAT)
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...
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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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KRA begins receiving voluntary tax disclosure applications
By Kepha Muiruri,
1555, February 25, 2021 (EAT)
The Kenya Revenue Authority has activated its voluntary tax disclosure program (VTDP) as it moves to enhance revenue collection through enhanced compl...
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Gov’t earnings from PAYE drop by Ksh.62.1 billion in one year
By Kepha Muiruri,
1821, February 25, 2021 (EAT)
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...
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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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Kenya’s digital taxi drivers seek worker benefits after landmark U.K. ruling
By Kepha Muiruri,
1513, February 22, 2021 (EAT)
Digital taxi drivers in Kenya are seeking worker benefits following a landmark ruling relating to the treatment of the drivers by companies in the U.K...
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January tax receipts down 6pc at Ksh.111.3B
By Kepha Muiruri,
1543, February 19, 2021 (EAT)
Tax receipts across the month of January fell by six per cent to stand at Ksh.111.3 billion from Ksh.118.3 billion last year. This is according to ...
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BAT profit rises by 41pc to Ksh.5.5B on lower costs, taxes
By Kepha Muiruri,
1728, February 18, 2021 (EAT)
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...
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Central Bank of Kenya pays Treasury Ksh.5B ‘dividend’
By Kepha Muiruri,
1355, February 18, 2021 (EAT)
The Central Bank of Kenya (CBK) has transferred Ksh.5 billion to the National Treasury as its substantive dividend covering operations in the year end...
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Kenya & IMF reach agreement on Ksh.262.7 billion 3-year loan
By Kepha Muiruri,
2045, February 15, 2021 (EAT)
Kenyan authorities and the visiting team from the International Monetary Fund (IMF) have reached a staff-level agreement on the disbursement of a Ksh....
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Treasury CS Ukur Yatani now goes for Ksh.124 billion Eurobond
By Kepha Muiruri,
1512, February 13, 2021 (EAT)
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...
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Kenya’s debt repayment costs jump by Ksh53.7B
By Kepha Muiruri,
1432, February 12, 2021 (EAT)
Kenya’s debt repayment costs in the year ending on June 30 have shot up by Ksh.53.7 billion in spite of relief on external repayments. According ...
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Patrick Murimi Mwangi charged with Ksh.11M tax evasion for cigarettes
By Citizen Reporter,
1542, February 9, 2021 (EAT)
A businessman, Patrick Murimi Mwangi, was arraigned before Milimani Chief Magistrate for being in possession of uncustomed goods and excisable stamps....
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Gov’t urged to reinstate COVID-19 relief measures to aid economy
By Kepha Muiruri,
1308, February 4, 2021 (EAT)
Members of the Institute of Certified Investments and Financial Analysts (ICIFA) have called on the government to reinstate relief measures to cover K...
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