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Ronald Owili

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Absa Bank full year net earnings up 12pc to Ksh 16B

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Absa Bank shareholders are in for big pay after the bank closed the year with a profit after tax of Ksh 16.4 billion for...

Revenue assistants helped KRA net extra Ksh 180M in taxes

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The Kenya Revenue Authority (KRA) has netted an extra Ksh 180.6 million from expanded tax base following the recruitment of additional Revenue Service Assistants. Speaking...

EPRA slashes pump prices in latest fuel review

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The Energy and Petroleum Regulatory Authority (EPRA) has reduced pump prices in its monthly review published Thursday. Effective midnight, a litre of super petrol will...

Treasury to cede billions to Immigration to solve passport crisis

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The Department of Immigration and Citizen Services could retain billions of shillings collected annually in fees for various documents issued by the state beginning...

State agencies directed to place electronic ads on KBC

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All National Government electronic advertisements will now be disseminated through the Kenya Broadcasting Corporation (KBC) upon authorization by the Government Advertising Agency. This follows a...

CAK clears Mauritius firm to acquire 10.13pc stake in I&M Bank

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The East Africa Growth Holding has been granted an unconditional approval by the Competition Authority of Kenya (CAK) to acquire minority shareholding in I&M...

KRA agents intercept illicit goods valued at Ksh 897M

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The Kenya Revenue Authority (KRA) has revealed to the Senate that it has so far seized illicit goods with a market value of Ksh...

US Congress inches closer to averting a shutdown

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The US House of Representatives has voted to approve a $467.5bn (£367bn) spending package, the first step in averting a partial government shutdown. Funding for...

East Africa Cables sells majority stakes in Tanzania unit

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East African Cables Plc has reached an agreement to sell majority stakes held in its Tanzanian subsidiary to Msufini Tanzania Limited. The deal will see...

Kuramo Capital calls for enhanced Kenya-DRC cross border trade

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Kenyan investors have being challenged to consider the Democratic Republic of Congo as an investment destination as the African Continental Free Trade Area gathers...

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