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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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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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Laikipia becomes fourth county to earn credit ratings
By Kepha Muiruri,
1658, February 23, 2021 (EAT)
Laikipia has become the fourth County to earn credit ratings as the devolved units continue to gear up for independent borrowing. On Tuesday, the C...
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Change of tune as DP Ruto now criticizes gov’t over rising public debt
By Sam Ogina,
1034, February 22, 2021 (EAT)
In a dramatic change of position, DP William Ruto launched a scathing attack at the government’s heavy borrowing saying it continues to cripple the ...
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President Kenyatta congratulates new IFC boss Makhtar Diop
By PSCU,
742, February 19, 2021 (EAT)
President Uhuru Kenyatta has congratulated Mr Makhtar Diop on his appointment as the new CEO of the International Finance Corporation (IFC), a member ...
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Kenya to complete grid connection to Ethiopia by June
By Kepha Muiruri,
1640, February 17, 2021 (EAT)
Kenya is expected to complete the connection of its national grid with Ethiopia’s by June this year. Speaking during a tour to inspect various de...
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Nigeria’s Ngozi Okonjo-Iweala makes history as first woman, first African WTO head
By Reuters,
910, February 16, 2021 (EAT)
Three months after the Trump administration rejected her, former Nigerian finance minister Ngozi Okonjo-Iweala received unanimous backing on Monday to...
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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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Zimbabwe receives 200,000 doses of Sinopharm COVID-19 vaccines
By Reuters,
1210, February 15, 2021 (EAT)
A plane carrying Zimbabwe’s first coronavirus vaccines, 200,000 doses donated by China, arrived in the capital Harare on Monday. A further 600,00...
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Equity BCDC unveils new identity in DRC
By Citizen Reporter,
1206, February 12, 2021 (EAT)
Equity Banque Commercial du Congo (Equity BCDC) has launched its new identity following the successful merger of Equity Bank Congo (EBC) and Banque Co...
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CA kicks off project to avail telcom services to 17 marginalised counties
By Citizen Reporter,
849, February 12, 2021 (EAT)
The Communications Authority of Kenya (CA) has awarded contracts to five companies to roll out telecommunications cellular mobile network infrastructu...
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KQ poised for Ksh.10B bailout by state
By Citizen Reporter,
1030, February 11, 2021 (EAT)
The details of the additional cash injection into the national carrier-KQ- are contained in the supplementary budget tabled in the national assembly a...
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Gov’t to borrow more to finance recurrent expenditure if BBI passes
By Sam Gituku,
1259, February 5, 2021 (EAT)
Should the Building Bridges Initiative-sponsored constitutional amendments take effect then the Kenyan government will have to effect structural chang...
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KenGen doubles profit to Ksh.18.4B on tax credits, flat costs
By Kepha Muiruri,
1039, January 28, 2021 (EAT)
Electricity generating company KenGen has announced a Ksh.18.4 billion profit for the year ending in June 2020 having more than doubled earnings fron ...
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Housing Finance secures Ksh.1B from shareholder Britam
By Kepha Muiruri,
1455, January 20, 2021 (EAT)
Lender Housing Finance has received Ksh.1 billion in new funding from on of its major shareholders in Britam Holdings. The tier II capital injectio...
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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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Cash-strapped Treasury now faces highest domestic debt servicing costs
By Kepha Muiruri,
1833, January 15, 2021 (EAT)
A cash-strapped National Treasury is now facing its highest domestic debt servicing costs in the 2020/21 financial year. The exchequer is expected ...
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Low profit margin firms ‘punished’ in minimum tax roll out
By Kepha Muiruri,
1821, January 5, 2021 (EAT)
High turnover but low profit margin yielding firms are expected to see the bitter end of the minimum tax effected at the start of the year. This is...
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Where is Jack Ma? Chinese billionaire suspected missing after criticising State
By Ian Omondi,
1727, January 4, 2021 (EAT)
Vocal Chinese business magnate and billionaire Jack Ma has reportedly not made any public appearance in slightly over two months, and queries are now ...
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