Stories By Bernard Wafula
Equity unveils Joska branch, expanding its footprint to 212 locations nationwide
Nov 20, 2024 at 11:04 AM
Equity Bank has inaugurated its latest branch in Joska, located along Kangundo Road in Machakos County but within the Nairobi Metropolitan Area, extending its national branch netwo...
Absa Bank Kenya reports 20 per cent surge in post tax profit to Sh14.7 billion
Nov 19, 2024 at 11:17 PM
Absa Bank Kenya has reported a remarkable Sh14.7 billion in profit after tax, a 20 per cent increase from last year, marking a year of impressive financial resilience....
KNBS notes 13.2 per cent surge in mobile money transactions to Sh6.5 trillion
Nov 19, 2024 at 01:56 PM
The Kenya National Bureau of Statistics (KNBS) has reported a remarkable surge in mobile money transactions, which hit Sh6.5 trillion in the first nine months of 2024....
KRA grants KenGen a Sh1.43 billion tax waiver after decade-long dispute
Nov 18, 2024 at 10:08 AM
Kenya Electricity Generating Company (KenGen) has successfully reached a landmark agreement with the Kenya Revenue Authority (KRA), securing a substantial tax waiver of Sh1.43 bill...
Proposed 15 per cent tax on social media, internet services could hit Kenya's digital economy
Nov 15, 2024 at 10:31 AM
The Kenyan government’s recent proposal to impose a 15 per cent tax on social media and internet services could dramatically affect both individuals and businesses involved in on...
Fuel prices remain steady as EPRA reports mixed trends in landing costs
Nov 14, 2024 at 09:34 PM
The Energy & Petroleum Regulatory Authority (EPRA) has maintained the retail prices of Super Petrol, Diesel, and Kerosene for the period from Thursday to 14th December 2024, keepin...
Tanzanian giant AMSONS Group secures green light for Bamburi Cement takeover
Nov 14, 2024 at 06:03 PM
Tanzanian conglomerate AMSONS Group has received major regulatory approval to acquire up to 100 per cent of Kenya’s leading cement manufacturer, Bamburi Cement PLC....
Persistent KRA customs system outages stall cargo clearance, cut revenue
Nov 14, 2024 at 12:54 PM
Frequent disruptions to the Kenya Revenue Authority's (KRA) Integrated Customs Management Systems (iCMS) are causing significant disruptions to the country's import and export trad...
NCBA partners with Xpress Money to enhance diaspora remittance services
Nov 13, 2024 at 04:02 PM
NCBA has taken a significant step to strengthen its support for the Kenyan diaspora community by partnering with Xpress Money, a globally recognised cross-border payments platform....
KRA calls for mobile number updates as part of ongoing tax system overhaul
Nov 13, 2024 at 12:48 PM
The Kenya Revenue Authority (KRA) has announced a critical update to its iTax system, calling on all taxpayers to verify and update their mobile numbers....
Equity Group profit after tax increases by 13 per cent to Sh40.9 billion in Q3 2024
Nov 12, 2024 at 07:43 PM
Equity Group Holdings Plc (EGH) reported a Sh40.9 billion profit after tax for the first nine months of 2024, marking a 13 per cent year-on-year growth amid a challenging economic ...
Tile & Carpet to downsize at Athi River plant in response to economic pressures
Nov 11, 2024 at 07:06 PM
In a move driven by ongoing economic challenges and a decline in production demand, Tile & Carpet Centre has announced it will implement redundancies at its Athi River production p...
Inside CIC's debut sustainability report
Nov 08, 2024 at 11:10 PM
CIC Insurance Group has unveiled its first-ever sustainability report signalling a robust commitment to empowering communities with risk management solutions crafted for resilience...
Kenya signs petroleum G-to-G pact with Malawi for secure, long-term fuel supply
Nov 08, 2024 at 10:28 AM
The governments of Kenya and Malawi have officially inked an agreement aimed at enhancing cooperation in the petroleum sector, opening new avenues for stable fuel supply and bulk p...
Equity Bank feted for its tech innovation during Service Excellence Awards 2024
Nov 05, 2024 at 11:20 AM
Equity Bank has been recognised as the second runner-up in the ‘Best Use of Technology’ category at the 2024 Service Excellence Awards, hosted by the Institute of Customer Expe...
8 key tax measures Govt is seeking to reinstate from rejected Finance Bill 2024
Nov 04, 2024 at 07:17 PM
In a renewed effort to plug the revenue gaps left by the repealed Finance Bill 2024, the government is set to reintroduce eight notable tax measures that had previously ignited wid...
Kenya eyes more revenue with new six per cent tax on foreign digital companies
Nov 04, 2024 at 10:39 AM
In a bold move aimed at reshaping its digital economy, the Treasury has put forth a proposal for a Significant Economic Presence Tax (SEPT) that will see foreign digital companies ...
Sh34 billion wiped out of NSE as Gen Z protests spark investor jitters - Report
Nov 01, 2024 at 08:12 PM
A new report from the Capital Markets Authority has laid bare the financial toll of Kenya’s recent social unrest, revealing that investors at the Nairobi Securities Exchange (NSE...
IMF approves Sh78 billion loan to Kenya
Oct 31, 2024 at 11:38 AM
International Monetary Fund (IMF) has approved the disbursement of a $605 million (Sh78 billion) loan to Kenya in a bid to bolster the country's fiscal position and resilience agai...
CAK approval of Access Bank buyout of NBK guarantees retention of workforce
Oct 31, 2024 at 09:59 AM
The Competition Authority of Kenya (CAK) has conditionally approved Access Bank PLC's acquisition of the entire issued share capital of the National Bank of Kenya Limited (NBK)....
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