BUSINESS NEWS
Savannah Clinker Offers Ksh.25B In Race To Acquire Bamburi Cement
A Ksh25.4 billion stake has been made by the Kenyan company Savannah Clinker to purchase the listed Bamburi Cement PLC. Following the submission of...
Kenya Airways Reports Ksh.513 Million Profit Following Years of Turbulence
Kenya Airways, the national carrier, ended a ten-year losing trend with a Ksh.513 million half-year profit.
Allan Kilavuka, the CEO of Kenyan Airways, claims that...
Amstel And Kingsbourne Companies Joint Venture Approved By CAK
Amstel Trading Company Limited and Kingsbourne Assets Limited are scheduled to form a joint venture, with approval from the Competition Authority of Kenya (CAK).
The...
MPost Address Price Shoot To Ksh.9,450 From Ksh.400.
Commencing on July 5, the Postal Corporation of Kenya (PCK), also referred to as Posta Kenya, raised the yearly subscription fees for its MPost...
Govt approves 13 more second-generation alcohol manufacturers to operate
Thirteen additional producers and distillers of second-generation alcohol have been given authorization by the government to resume their businesses.
This raises the total number of...
Court issues arrest warrants against 3 company directors charged with tax fraud
Three corporate directors are wanted by a Nairobi court on charges of participating in the VAT missing trader tax evasion scam.
The failure to show...
Shippers want state agencies to receive 70% of IDF revenue.
In order to reduce various taxes, shippers in the East African region now want an element of the Import Declaration Fee (IDF) to go...
MPs threaten to sever ties with Orpower Company Limited due to exorbitant tariffs.
The US electricity company Orpower Company Limited has been threatened with termination by MPs due to what they refer to as "unjustified expensive tariffs."
Since...
East Africa Woodwork, Furniture And Interior Design Show Launched
Thanks to Fintex East Africa, the furniture, woodworking, interior design, and finishing industries are about to go through a major metamorphosis in step with...
Belgium’s national carrier ‘Brussels Airlines’ re-introduces direct flights to Nairobi after a 9 years
After a nine-year recess, Brussels Airlines, the national airline of Belgium, has resumed direct flights to Nairobi.
There are currently six weekly flights on the...
