Author: Newsroom

The National Assembly passed the Finance Bill, 2018 on 30 August 2018. In approving the Bill, the National Assembly rejected most of the revenue-raising measures that the National Treasury had proposed including the now infamous ‘Robin Hood tax’. In addition, the National Assembly sought to defer for a further two years the effective date for the introduction of VAT on petroleum products.

Foreign investors continued to sell their portfolios in the Nairobi Securities Exchange (NSE) with the contagion spreading to Bamburi cement.

Uchumi has been granted stay orders stopping landlords from kicking them out and creditors from auctioning the retailer.

The Kenya Commercial Bank has retained a positive outlook despite a challenging market environment and increased regulation policing the banking sector.

Equity Bank has named Polycarp Igathe as the new Managing Director of the Kenyan business in a shock move that will see James Mwangi move to the Group CEO and MD.

After making a pleasantly mwananchi budget where Finance Cabinet Secretary Henry Rotich sought to tax the rich to fund the government, reality has pushed the government to tax everyone.

Kenya Commercial Bank has been handed a hefty fine by the central bank for handling money stolen from the National Youth Service.

Toyota  Kenya has reached a deal with City Shuttle to withdraw a case against the automakers Hino Buses.