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BUSINESS

This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

Carbacid Shareholders Approve BOC Acquisition

The proposal was voted upon and approved at CIL’s 49th Annual General Meeting

CIC Group Issues Profit Warning On COVID Woes

The company also noted viscosity in the property market pointing out it has been tight with limited opportunities to dispose properties and support in offsetting financials charges

Crackdown: Police Take on ‘Lawless’ Boda Boda Industry

Members of the public were urged to report any accidents or security-related incidents involving boda boda riders to the nearest police station.

The Role of Technology in Unlocking Trade Value in East Africa

Trade in East Africa has already picked up: according to the Brookings Institute, after an initial drop in trade in Kenya during the early months of the pandemic

Lolani Kalu’s Hilarious Comeback Wins Kenyans’ Hearts [VIDEO]

Much like he cut a niche for himself with his comical Swahili reporting, Kalu has been able to entertain even in adverts.

KRA Wins Sh9.3bn Case Against Embu Wholesaler

Embu business run by a man and his wife lose battle against taxman who can now collect Sh9.3 billion from them

CBK Retains Base Lending Rate at 7%. Plans Further Economic Intervention...

The regulator is considering rolling out further economic intervention measures after being satisfied with the execution of the Economic Stimulus Program to cushion vulnerable citizens

Equity Turnover at NSE Drops 27.5% as Investors Flee Pandemic

Investors, both local and foreign, stayed away from the bourse during the quarter.

Relief for Business Owners as Govt Extends Disclosure Deadline

Failure to comply with the requirements exposes companies and their directors to stiff penalties.

Mastercard to Use Quantum-Resistant Technology to Protect Contactless Payments

New Enhanced Contactless specifications provide next-generation capabilities for advanced protection and convenience