Co-op joins queue of banks expecting significant profit hits

By Kepha Muiruri,

The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Frid...

Co-operative Bank of Kenya , profit warnings

Low profit margin firms ‘punished’ in minimum tax roll out

By Kepha Muiruri,

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...

minimum tax , National Treasury

NSE seeks lift from 2020 bear run as trading resumes

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) will be hoping for a lift in 2021 with trading resuming for the New Year on Monday. Among key remedial measur...

bulls & bears , COVID-19 , Nairobi Securities Exchange (NSE)

Investors in publicly listed firms at NSE set for barren dividends season

By Kepha Muiruri,

Investors in publicly listed firms at the Nairobi Securities Exchange (NSE) are set for barren dividends returns for the year as companies continue to...

dividends , nse , profits

‘Worrying calls for violence’ prompt Facebook to remove rapidly growing pro-Trump group

By Reuters,

Facebook on Thursday said it had taken down a rapidly growing group where some supporters of U.S. President Donald Trump posted violent rhetoric and b...

Biden , Trump , us election

A third of Kenyans with side hustles ready to quit day jobs – survey

By Kepha Muiruri,

33 per cent of Kenyans juggling formal jobs alongside entrepreneurial ventures on the side are ready to quit the day jobs this year as the after-work ...

side hustles , smes , unemployment in Kenya

Kenya Airways issues profit warning on its expected 2019/2020 earnings

By Kepha Muiruri,

Kenya Airways (KQ) has issued a profit warning on its expected full year earnings for the period ending December 31, 2019, joining the growing list of...

Kenya Airways , Kenyan economy , profit warnings

UAP, Eaagads issue first profit warnings on expected 2019 earnings

By Kepha Muiruri,

Insurer UAP-Old Mutual and coffee grower Eaagads have become the first publicly trading firms to issue profit warning on expected 2019 earnings. In...

Eaagads , nse , profit warnings , UAP

Truck drivers see orders, miles fall in latest U.S. slowdown signal

By Reuters,

At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling. His paycheck i...

U.S. slowdown

Facebook, rights groups hit out at Singapore’s fake news bill

By Reuters,

Singapore submitted wide-ranging fake news legislation in parliament on Monday, stoking fears from internet firms and human rights groups that it may ...

Facabook , Mark Zuckerberg

Firms forecast to cut more jobs as rate-caps persist

By Kepha Muiruri,

Kenyan firms are expected to lay-off more employees in the New Year, this as most of the companies remain focused on a cost consolidation path to weat...

Cytonn Investments , Elizabeth Irungu , ICEA Lion Asset Management , Judd Murigi

Volvo Cars feels margin pressure from U.S.-China tariff war

By Reuters,

Volvo Cars, owned by China’s Geely, reported higher full-year revenue on Thursday, but said its profit margins had slipped and were expected to rema...

china , U.S , Volvo

China January factory activity shrinks for second month in a row as orders fall

By Reuters,

Activity in China’s vast manufacturing sector shrank for the second straight month in January, pointing to further strains on the economy that could...

China factory

South Sudan Says US Sanctions Unfortunate

By VOA,

South Sudan says the United States should rethink its decision to impose sanctions on two top government officials and a former army chief accused of ...

Engine maker Rolls-Royce logs record loss of £4.0bn

By AFP,

British engine maker Rolls-Royce slumped into a record £4.0-billion annual net loss in 2016, ravaged by the Brexit-fuelled collapse in the pound and ...

Aviation , brexit , Bribery , Britain , Britain's Serious Fraud Office , business , car sales , corruption fine , engine maker , EU , European union , international markets , power systems , Rolls Royce , Rolls-Royce will pay a penalty for five years , Trade , weakening pound

Burundi withdraws permits from prominent rights group, other NGOs

By Reuters,

Burundi's government has withdrawn permits from a prominent human rights organisation and several other non-profit groups, accusing them of stirring u...

Burundi

17 people killed in Haiti’s hurricane Matthew

By Reuters,

Hurricane Matthew, the fiercest Caribbean storm in almost a decade, powered toward the Bahamas and Florida's eastern coast early on Wednesday after ba...

Hurricane Matthew hits Haiti, Cuba, takes aim at Bahamas, U.S.

By Reuters,

Hurricane Matthew, the fiercest Caribbean storm in almost a decade, powered towards the Bahamas and the U.S. coast early on Wednesday after battering ...

Edible bug industry hopes crickets and kin are the next sushi

By Reuters,

Just like raw tuna is a favorite of foodies everywhere, Robert Nathan Allen foresees a day when crickets will make their way onto consumers' plates. ...

bugs , Edible bug industry hopes crickets and kin are the next sushi , food , health

Big win for Health Ministry as BAT loses case on tobacco regulation

By Maureen Murimi,

The High Court has adopted the proposed tobacco regulations seeking to control the manufacture, sale and advertising of tobacco products, with Judge M...

BAT , British American Tobacco , high court , kenya , Tobacco