Kenya's alcoholic beverages manufacturer- ranked second by market share- Africa Spirits Limited (ASL) has welcomed the tax proposals recently outlined by the National Treasury Cabinet Secretary Henry Rotich, in his Budget Statement.
The…
Unaitas Sacco has defied a tough economic environment to record a Sh267.8 million profit for the 2016 financial year.
Unaitas posted the profits, attributed to a cautious approach to lending and provisioning of loan losses in light of…
The market for Islamic bonds or Sukuk last week received a major boost when Treasury CS Henry Rotich indicated plans to debut issuance of Sukuk in the 2017/18 budget.
Rotich said the proposed amendment of Public Finance Management Act…
The treasury has put breaks on employment of public servants with approval of recommendations by Salaries and Remuneration Commission (SRC) on proposed salary cuts to holders of state jobs in an effort to tame Kenya’s ballooning public wage…
Botswana retailer, Choppies supermarket has secured its first deals with unspecified high-end malls in Nairobi and other towns, marking a major stride for the retail brand that is keen to begin operations before year end.
The chain’s…
The European Investment Bank has signed two new credit lines for East-Africa for a total of EUR 95 million (Kshs 10.45 billion) to be made available through Equity Bank and HFC Limited to support smaller local projects in Kenya, Tanzania,…
STANLIB Fahari I-REIT last week approved a final dividend of 50 cents per unit after an impressive performance that saw the trustee record a net profit of Sh106 million for the period ended 31 December, 2016.
The Chief executive of…
Oman Air, the national carrier of the sultanate of Oman Wednesday has announced the launch of its new four times weekly flight from Muscat to Nairobi, in an ambitious move set to boost trade and tourism ties between the two cities.
…
Online shopping mall Kilimall projects to grow its business threefold over the next two years, riding on the rising wave of e-commerce in Kenya.
According to its two-year strategic plan, the company seeks to double its market this year…
Total Kenya has announced a profit before tax of Kes3.94 billion for the year ended December 31, 2016. The growth represent an increase of 50.3 percent.
The rise attribute revenue rise from Kes 2.62 billion reported at the end of 2015 to…
