Increase in fuel prices means a ripple effect across all sectors of the economy, including building and construction. PHOTO| FOTOSEARCH The 16 per cent value added tax (VAT) on petroleum products is bound to greatly affect Kenyans, who, experts say, are already heavily burdened with taxes. According to a cement dealer and paint dealer who […]
NAIROBI, KENYA, AUGUST 31 ―Regional paint manufacturer-Crown Paints Kenya Limited (Plc) has warned over high costs of production which are likely to eat into its full year profits. This comes as the Nairobi Securities Exchange listed firm contemplate on how to improve its second half of the year after a dismal performance in half one, […]
I&M Bank branch in Nyeri. FILE PHOTO | NMG I&M Holdings posted a 12.77 per cent rise in net profit in the half year ended June, boosted by increased non-interest income. The lender’s net profit stood at Sh3.86 billion in the period compared with Sh3.43 billion the year before. I&M Holdings’ non-interest income grew by […]
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