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Monthly Archives: September 2020

Jubilee Insurance Deal With Allianz Triggers Investor Interest

Jubilee ' insurance business remains healthy with general business accounting for 28% of the group’s gross written premiums.

Mineral Water Company Loses Sh156mn Tax Battle Against KRA

The dispute emanated after KRA’s decision to disallow the Water Company’s Input VAT claimed on self-assessment VAT returns submitted late

African Guarantee Fund Appoints New CEO

New appointee is an insider having worked with the pan-African financial guarantee provider for the past seven years

In Any Business, People, Product & Customers Are King

The current business world is big on buzzwords but the traditional ethos that define the success of businesses world over can easily be forgotten

Gov’t Issues Reopening Dates For Universities and Colleges

A circular issued by the Cabient Secretary for Education Prof George Magoha stipulates the conditions for reopening from 5th October 2020.

Blow to Nairobi Car Dealer as Tribunal Dismisses Sh181mn Tax Case

Subru Motors Limited had sought the intervention of the Tribunal to order for stay of execution of its judgment delivered on July 10

CBK, Confident With Previous Cuts, Retains Signal Rate at 7%

The Monetary Policy Committee (MPC), the policy-formulating organ of the Central Bank of Kenya, met on 29th September, 2020.

Jubilee Insurance Sells Off General Business in 5 Countries For Sh11bn

The global company has acquired a majority stake in JHL's general insurance business, also known as the property & casualty insurance segment

Banks Restructure Sh1.12trn Worth of Loans in Six Months

Of the Ksh1.12 trillion, personal/household loans amounting to Ksh271 billion or 33 percent of the gross loans to this sector had their tenors extended

Foreign Investors Exhibit Unusual Taste in Picking Value Stocks

While foreign investors were dominant in Safaricom, Equity, Diamond Trust and EABL, activity in all the other counters was driven by local investors.