Kenya
Kenya has unexploited mortgage market of 1 billion Kenyan shillings despite vibrant real estate sector
NAIROBI: Kenya’s unexploited mortgage market is said to be over 1 billion Kenyan shillings despite its vibrant real estate sector....
Kenya: Fake alcohol and cigarette worth Sh60 million destroyed
NAIROBI: Counterfeit alcohol and cigarette products worth Sh60 million have been destroyed by the Kenya Revenue Authority. The goods were...
Kenya Power to recover outstanding dues totalling Sh3.9 billion
NAIROBI: Kenya Power will start a two-month aggressive debt collection and meter reading exercise to improve its revenue collection and...
Higher sales brewing for India’s tea exporters as drought grips Kenya
NAIROBI: Lagging rains, output and demand were just some of the things worrying Bidyananda Barkakoty, a small tea garden owner...
Kenya Power to recover Sh3.9b in debt within next 2 months
NAIROBI: Kenya Power plans to recover at least Sh3.9 billion in debt within the next two months from its customers...
Tight supply from Kenya: Tea prices in India start climbing
NAIROBI: Tea stocks such as Tata Global Beverages, Jayshree Tea & Industries, Harrisons Malayalam, McLeod Russel, and Dhunseri Tea &...
Higher tea prices can boost export revenues for Kenya tea companies
NAIROBI: The stock prices of tea companies are in focus as Kenya faces drought like conditions. Being the world's biggest...
Stockbrokers moves Kenya court against capital gains tax
NAIROBI: Stockbrokers moved to court to challenge a judgement on capital gain tax which allows Kenya Revenue Authority to tax...
Banks spends Sh5bn to lay off 900 staff in three years
NAIROBI: The banking sector has spent over Sh5 billion in the last three years in staff restructuring programs as the...
Kenya reintroduces capital gains tax
NAIROBI: Following an amendment in the 2014 Finance Act, Kenya reinstated capital gains tax (CGT) with effect from 1 January...
Kenya to participate in international travel exhibition
NAIROBI: The Government is seeking to reposition Kenya as a quality destination at this year’s World Travel Market Africa exhibition...
Former Central African presidents sign peace deal in Kenya
NAIROBI: Former Central African Republic Presidents Francois Bozize and Michel Djotodia signed a peace agreement in the Kenyan capital Nairobi...
Kenya’s energy ministry considers tax incentives on fuel-saving cars
NAIROBI: Apart from going from 0 to 99 Kph in five seconds flat, the VW Sport Coupe GTE Concept car...
Kenya Ports Authority shortlists 12 firms for container terminal tender
The Kenya Ports Authority ( KPA) has shortlisted 12 firms to run the second container terminal at the Mombasa Port....
Promoting intra-Africa trade: Egypt imports 93% tea from Kenya
NAIROBI: The Egyptian Government will send a team of experts to Kenya to explore opportunities for strengthening economic ties in...
Kenya signs tax agreement with South Africa
NAIROBI: The treaty between Kenya and South Africa that was signed ratified by Kenya in following earlier ratification by South...
Kenya housing finance raises 2.95b shillings in rights issue
NAIROBI: The lender initially planned to raise 3.5 billion shillings, but said in a statement that 84 percent of its...
Kenyan insurer Jubilee Holdings’ pre-tax profit rises 25%
NAIROBI: Kenyan insurer Jubilee Holdings said pre-tax profit climbed 25 percent as its gross written premiums surged. Jubilee, which also...
Kenya decides about tax incentive withdrawal from foreign investors
NAIROBI: Kenya officials decided about tax incentive withdrawal from foreign investors. The Kenya Revenue Authority (KRA) pleaded the case for...
Kenyan court grants bail to alleged smuggler of ivory
NAIROBI: A court in Kenya granted bail to the suspected gang leader of an ivory smuggling gang on medical grounds,...
