KRA begins receiving voluntary tax disclosure applications

By Kepha Muiruri,

The Kenya Revenue Authority has activated its voluntary tax disclosure program (VTDP) as it moves to enhance revenue collection through enhanced compl...

Kenya Revenue Authority (KRA) , voluntary tax disclosure program (VTDP).

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

Central Bank of Kenya pays Treasury Ksh.5B ‘dividend’

By Kepha Muiruri,

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...

Central Bank of Kenya (CBK) , National Treasury

EABL half-year profit sinks by 47 per cent to Ksh.3.8 billion

By Kepha Muiruri,

The East African Breweries Limited (EABL) has announced a 47.3 per cent dip in profit for the half year period ending in December 2020 to Ksh.3.8 bill...

COVID-19 , East African Breweries Limited (EABL) , jane karuku

KRA waives all penalties to taxpayers disclosing hidden arrears in 2021

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) will waive all penalties and interest to tax payers disclosing arrears in 2021 under its new voluntary tax disclosur...

Kenya Revenue Authority (KRA) , voluntary tax disclosure program (VTDP).

Pain for Kenyans in the New Year as MPs approve COVID-19 tax reversals

By Kepha Muiruri,

Kenyans are set to usher in the New Year with new pain after the approval of COVID-19 tax reversals by the National Assembly on Tuesday afternoon. Me...

COVID-19 , PAYE , Tax Laws (Ammendment) (No.2) Bill 2020

COVID-19 tax reversals to complicate tax filings for companies: KMPG

By Kepha Muiruri,

The reversal of COVID-19 tax cushioning measures is expected to lead to complications in accounting for company tax filings for the year. This is a...

coronavirus , KPMG , taxes

Why the CBK isn’t losing any sleep over banks sinking profitability

By Kepha Muiruri,

Banks earnings continue to take a beating from economic disruptions occasioned by the COVID-19 pandemic. This however is merely a secondary concern fo...

Central Bank of Kenya (CBK) , Dr. Patrick Njoroge , Kenya Bankers Association (KBA)

BOA Kenya granted exemption to CBK ownership rules

By Kepha Muiruri,

The Bank of Africa (BOA) Kenya Limited has been exempted from the Central Bank of Kenya (CBK) ownership rules for up to five years. The exemption b...

East African Portland Cement trims annual loss to Ksh.2.8 billion

By Kepha Muiruri,

The East African Portland Cement Company (EAPCC) has announced an 18 per cent truncated loss to Ksh.2.8 billion in the year closing June 30. The na...

East Africa Portland Cement Company

Kenya Power, KenGen delay financial results

By Kepha Muiruri,

Electricity distributor Kenya Power and power producer KenGen have delayed the release of their financial results for the year ended June 30, 2020 whi...

kengen , KENYA POWER

Tuskys shuts Nairobi CBD branch as woes deepen

By Kepha Muiruri,

Troubled retailer Tuskys has shut another branch inside Nairobi’s Central Business District (CBD) in a continuation of rent rows with landlords. ...

Daniel Githua , Tuskys

Tuskys pays Ksh.700M to suppliers as it begins settling claims

By Kepha Muiruri,

Tuskys Supermarket has disclosed the payment of Ksh.700 million to suppliers following its roll out of a new trading platform in July. The payments...

Tuskys

Sanlam slides to a Ksh.99 million half-year loss

By Kepha Muiruri,

Insurer Sanlam has posted a Ksh.99.1 million loss through its first half of the year operations, wiping out a Ksh.639.8 million profit in a correspond...

Sanlam

Choppies reveals loans worth Ksh.850 million in Kenyan banks

By Kepha Muiruri,

Botswana based retailer Choppies has revealed loans worth Ksh.850 million in local banks at the end of its operations in the country in October last y...

Choppies Supermarket

KDIC postpones move to charge premiums to banks on risks undertaken

By Kepha Muiruri,

The Kenya Deposit Insurance Corporation (KDIC) has deferred the implementation of the risk based premium model used in assessing the premium payable b...

Kenya Deposit Insurance Corporation (KDIC)

Centum retains dividend at Ksh.1.20 per share as profits rise to Ksh.4.6B

By Kepha Muiruri,

Centum Group has retained its shareholder pay out at Ksh. 1.20 a piece or a combined Ksh. 798million after booking a 12 percent growth in the year end...

Centum Group , James Mworia

Uchumi creditors vote to save retailer from sudden death

By Kepha Muiruri,

Uchumi creditors have voted to spare the lender from imminent dissolution by backing the firm’s proposed company voluntary agreement (CVA). The p...

liquidation , uchumi

East Africa Portland Cement records Ksh.3.4 billion loss

By Kepha Muiruri,

East African Portland Cement Company (EAPC) has posted a Ksh.3.4 billion loss for the year ending June 30, 2019, returning to loss making after an yea...

East African Portland Cement (EAPC)

KCB fires all Mumias Sugar staff

By Kepha Muiruri,

The KCB Group has terminated all Mumias Sugar Company employee contracts backdating the implementation of the layoffs to September 20. In a press s...

Kakamega County , KCB , Mumias Sugar Company