Carbacid Shareholders Approve BOC Acquisition
Carbacid Investments PLC’s (CIL) shareholders on Friday approved the acquisition of up to 100% of the shareholding of BOC Kenya Plc (BOC) pursuant...
Samuel Gitonga2 Mins read
Dividend Pain For EABL Shareholders as Half-Year Profits Tumble 47%
East African Breweries Limited (EABL) on Friday reported a 47% decrease in profits for the half-year ended December 31, 2020 compared to Ksh7.2...
Samuel Gitonga1 Mins read
CIC Group Issues Profit Warning On COVID Woes
CIC Insurance Group on Thursday joined the bandwagon of listed companies that have issued profit warnings with the insurer indicating that it profits...
Samuel Gitonga1 Mins read
KRA Wins Sh9.3bn Case Against Embu Wholesaler
The Kenya Revenue Authority (KRA) has won a Kshs 9.3 billion tax case against Paleah Stores Limited, a wholesale business based in Embu in a judgement delivered on Janaury 22, 2021 by the Tax Appeals Tribunal. The amount constitutes of Kshs 1.4...
Samuel Gitonga3 Mins read
Banks Restructure Sh1.6trn Worth Of Loans in 10 Months
Banks in the country restructured total loans amounting to Ksh1.63 trillion or 54.2 percent of the total banking sector loan book of Ksh...
Samuel Gitonga2 Mins read
CBK Retains Base Lending Rate at 7%. Plans Further Economic Intervention Measures
The Monetary Policy Committee (MPC) on Wednesday retained the base lending rate at 7.00% for the seventh month on the bounce since April...
Samuel Gitonga2 Mins read
Mastercard to Use Quantum-Resistant Technology to Protect Contactless Payments
Mastercard has announced that it is applying the latest quantum-resistant technologies to develop the next generation of contactless payments. The new Enhanced Contactless (Ecos) specifications are...
Samuel Gitonga1 Mins read
KRA Issues Corporate Tax Guidelines Following End of Relief Measures
The Kenya Revenue Authority (KRA) has released guidelines outlining the applicable corporation tax rates for the years of income 2020 and 2021. The...
Samuel Gitonga2 Mins read
