A worker inspects beer bottles on a conveyor belt at the East African Breweries Ruaraka factory in Nairobi, Kenya February 17, 2010. REUTERS/Thomas Mukoya/File Photo The East African Breweries Limited (EABL) says it will reduce its purchase of raw material from farmers in the upcoming season by 71 per cent in response to a weak […]
Dar es Salaam — The equity market started lower on Monday after four counters lost in the first trading day of the week. Key benchmark indices which track the share price movement to help investors compare current price levels with past prices to calculate market performances were both down, according to the market summary for […]
KRA Commissioner General Githii Mburu. FILE PHOTO | NMG The Kenya Revenue Authority (KRA) will increase the taxes of at least 31 products, including fuel, bottled water, juice and beer in October, escaping the need to seek Treasury and Parliament approval in January for the increment. The taxman will increase the costs of the products […]
Inside the Muhoroni Sugar Factory on September 18, 2016. It is among the 26 firms the government has chosen to privatise. FILE PHOTO | TONNY OMONDI | NMG The bourse has been largely inactive for lack of fresh entrants as private and family-owned businesses won’t float shares citing high listing costs, fears over public scrutiny, […]
The government took a huge tax hit between April and June as bars and other entertainment venues were shut to contain the spread of the coronavirus disease. Data from the Treasury shows the taxman lost Sh16.8 billion in excise taxes, commonly referred to as sin taxes as they are levied on products like beer, cigarettes […]
What you need to know: For Alois Chami, a vocal and self-taught investor who joined the Nairobi bourse in 1973, he had one strategy: spread risks across all counters. But now he says for many of his counters, waiting for dividends has become like watching the grass grow; sometimes it withers. And now investors are […]
An employee inspects a bottle of Kenya Cane spirit at an East African Breweries factory in Nairobi in 2018. REUTERS/Thomas Mukoya Kenya’s drinking culture is being redefined due to the COVID-19 pandemic, East African Breweries Chief Financial Officer Risper Ohaga tells The Africa Report. The country’s President Uhuru Kenyatta has singled out young people going […]
The government took a huge tax hit between April and June as bars and other entertainment venues were shut to contain the spread of the coronavirus disease. Data from the Treasury shows the taxman lost Sh16.8 billion in excise taxes, commonly referred to as sin taxes as they are levied on products like beer, cigarettes […]
Poor half-year results posted by bigger firms at the Nairobi Securities Exchange have sent investors in a panic mode, pushing the rich stock to a new 17 year low. The market summary by the Nairobi bourse shows the NSE 20 that tracks the wealthiest stocks dropped to 1,729.46 points on Tuesday, 65 points lower than […]
Nairobi Securities Exchange (NSE). PHOTO | DIANA NGILA | NMG A raft of factors including government’s slowed approval process, frequent suspension of the programme and currently stalled operations at the Privatisation Commission have colluded to stifle attempts to put up parastatals for auction. The Kenyan securities market has been left in the hands of foreign […]
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