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Business

KRA phases out manual tax filing

03 August 2015, 09:09

Kenya Revenue Authority (KRA) phased out manual tax filing of returns starting August 1, to encourage taxpayers to use the iTax system instead.

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There is future in Kenya, Kenyans in the Diaspora told

01 August 2015, 20:27

More than 100 organizations representing an estimated 100,000 Kenyans in the Diaspora met to see how they can help Kenyans in the Diaspora to invest in the country.

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Mapping and audit of quarries to begin this month

01 August 2015, 11:02

Mining Cabinet Secretary, Najib Balala has said government will carry out an audit and mapping of all quarries in the country from this month.

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MP wants EABL to start distributing 'dietary supplements' instead of killer brew

31 July 2015, 11:46

Othaya MP, Mary Wambui has asked East Africa Breweries Limited (EABL) to stop distributing second generation brews in her constituency and instead supply them with 'dietary supplements'.

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Gumbo calls for forensic audit at KQ after record loss

31 July 2015, 10:30

Parliament’s Public Accounts Committee chairman, Nicholas Gumbo has called for a forensic audit at Kenya Airways (KQ) after the airline announced a KES 29.7 billion loss.

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Diaspora inflows rose 9.2 percent to KES 76.9 billion in six months

31 July 2015, 07:02

Diaspora remittances hit KES 76.93 billion in the first half of 2015, an increase of 9.2 percent compared to KES 70.4 billion recorded in the same period last year.

Kenya Airways hopes improving tourism will lift fortunes

31 July 2015, 08:21

Kenya Airways hopes that improved tourist numbers will see its fortunes improve after posting record losses.

KCB to expand to Ethiopia, Mozambique

31 July 2015, 08:21

Kenya Commercial Bank (KCB) said it expects a better performance in the second half 2015 after reporting higher first-half profits, and plans to expand into Ethiopia and Mozambique over the next 18 months.

GES attracts investor to install 100MW wind power project in Kenya

30 July 2015, 13:56

Barely a week after Kenya hosted the 2015 Global Entrepreneurship Summit (GES) opened by US President Barack Obama, a global firm in the energy sector is set to install a wind power project worth USD 155 million in Kajiado County to benefit the country.

Tourists flock Maasai Mara to witness wildebeest migration

30 July 2015, 15:52

Tourists have started streaming to the world famous Maasai Mara game reserve to witness the annual wildebeest migration.

'SRC was set up to get rid of trade unions'

30 July 2015, 10:57

The Chairman of the Union of Kenya Civil Servants, Noah Rotich has said the Salaries and Remuneration Commission (SRC) was set up in order to get rid of trade unions in Kenya.

KQ annual pretax loss widens to KES 29.71 bln

30 July 2015, 09:22

Kenya Airways said its pretax loss for the year to March widened to 29.71 billion shillings ($293 million) from 4.86 billion shillings after a slump in local tourism and losses from hedging after oil prices fell.

Nairobi stock exchange reveals plans to improve ranking

29 July 2015, 20:40

The Nairobi Securities Exchange has revealed plans to improve its rating in the continent.

Price of Kenya's best tea drops

29 July 2015, 20:40

The price of Kenya's beat tea has dropped at its auction.

KRA collections for 2014/15 financial year hit record KES 1 trillion

29 July 2015, 14:05

Kenya Revenue Authority (KRA) collected a record KES 1.001 trillion in taxes last financial year which ended June 30, 2015.

Govt inks KES 50bn deal for repairing Turkana road

29 July 2015, 08:11

Kenya and the World Bank have signed a financing agreement worth KES 50 billion credit to finance the rehabilitation of 283km Loichangamatak-Nakodok road in Turkana County.

National Bank of Kenya doubles pre-tax profit

28 July 2015, 20:44

National Bank of Kenya doubled its first-half pretax profit to 2.5 billion shillings ($24 million) after its non-interest income jumped, the lender said.

Central Bank Governor says no preferred level for shilling

28 July 2015, 20:45

Kenya's central bank is focused on taming volatility in the exchange rate and has no optimal level for the shilling, its governor Patrick Njoroge has said.

Rice farmers rake in KES 2.9 billion

28 July 2015, 13:37

Kirinyaga Governor, Joseph Ndathi has lauded efforts by the national government to establish a KES 23 million rice milling plant at the National Cereals and Produce Board in Sagana.

Youths benefit from Facebook training

28 July 2015, 08:13

Over 100 Kenyan youths were privileged to get training on how to build and grow their services on Facebook through Internet.org, an affordable internet access platform launched in Kenya in November 2014.

Scangroup lifts first-half profit by 12 pct

25 July 2015, 18:01

Advertising company WPP Scangroup on Thursday reported first-half pretax profit up 12 percent to 285.4 million shillings ($2.84 million) on revenue up 2.7 percent.

Nairobians told to expect no calls during Obama visit

23 July 2015, 14:20

Safaricom has warned its subscribers in Nairobi to brace themselves for disruptions of mobile signals during US President Barack Obama's visit.

Housing Finance H1 pretax profit up 3 pct

23 July 2015, 09:32

Mortgage firm Housing Finance Group said on Tuesday its first-half pretax profit rose 3 percent to 699.65 million shillings ($7 million), thanks to rising interest income.

Financial Indicators

KES/$ 0,0097 (0%)
KES/£ 0,0062 (0%)
KES/€ 0,0088 (1,12%)
KES/ZAR 0,1237 (0,8%)
ABRI Kenya Index 147.04 (-0,92%)
NSE 20 Share Index 4354.99 (-1,14%)

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