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Gambling revenues fall on withholding tax

By Steve Umidha Revenues reported by casinos dropped by a total of Sh1.54billion last year following a 20 percent withholding tax imposed on winnings, a new report on gambling in Africa by PricewaterhouseCoopers (PwC) reveals.…

Nakumatt enters Busia, Bungoma towns

Nakumatt Holdings has opened two new branches in Busia and Bungoma towns, pushing its total branch count to 57 stores across East Africa. The opening of Nakumatt Bungoma and Nakumatt Busia Supermarkets, is part of the firm’s…

Simba Corporation is now the new distributor of SAME tractors and OTMA farming implements in in the Kenyan market. The company got into the tractor business to take over the Kenyan dealership of SAME Deutz-Fahr, an Italian…

Car importers on the spot over tax evasion

By Steve Umidha The Kenya Revenue Authority (KRA)has raised an alarm over over an increasing number of tax cheats in the lucrative auto industry. The taxman will now target the motor trade as part of a national programme to clamp down…

Kenya looks east to boost dwindling coffee earnings

By BF staff Writer   Kenya is targeting China and other Asian markets to boost its coffee earnings that continue to fall due to the country’s low production and decline in the international prices.   Coffee Directorate, one of the…

WHO alert on red-meat to impact economy

By Brian Yatich   The health alert released by International Agency for Research on Cancer (IARC) that consumption of red meat and its processed substance could probably cause cancer, may have alarmed individuals passionate about the…

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