Opinion World Environment Day: Global warming is the greatest threat to the survival of biodiversity. As the world grapples with the catastrophic effects of the ongoing Covid-19 pandemic, one which has left millions of people infected, thousands dead and economies on the verge of collapse, many are drawing parallels between continued destruction of the planet […]
Nairobi — Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out shareholder earnings and pushing away foreign investors. A survey on Africa’s top 250 companies by South Africa’s African Business Magazine had 17 […]
ACTIVITIES on the Dar es Salaam Stock Exchange are still dwindling as turnovers are at the lowest in the recent history of the Exchange. During the week that ended on 29th May 2020, the total weekly turnover grew more than 22 folds, thanks to an off-market transaction on the TBL counter. The total equity turnover […]
Overall tax due to government such as excise duty, VAT and corporate tax is likely to drop. FILE PHOTO | NMG The Treasury should make a careful consideration before deciding to reduce the excise duty remission on sorghum from the current 80 percent to 60 percent. While the government has always justified that increasing sin […]
The Nairobi Securities Exchange. FILE PHOTO | NMG The share prices of select blue-chip stocks at the Nairobi bourse have gone up since Kenya imposed a dusk-to-dawn curfew over Covid-19 that has hit businesses, underlining the diverging stock market and household fortunes. Since March 25, when the nationwide curfew was imposed, the Nairobi Securities Exchange […]
Safaricom remains the top company in East Africa, according to a survey on Africa’s top 250 companies by South Africa’s ‘African Business Magazine’. PHOTO | FILE A survey on Africa’s top 250 companies by South Africa’s African Business Magazine had 17 East African companies valued at $20.2 billion (3.4 per cent of total market capitalisation […]
Kenyan-based beer maker, East African Breweries Limited, has donated an additional Sh50 million to the Covid-19 Emergency Fund. Kenya Breweries Limited Finance Director Kinya Kimotho presented the cheque to Kennedy Kihara, Secretary Emergency Board Response Fund Covid 19 at a handover ceremony at KICC Nairobi. The Sh50 million is an addition to the Sh70 million […]
KRA headquarters at Times Tower in Nairobi. FILE PHOTO | NMG Importers of a wide range of consumer goods – including food, used cars, alcohol, clothing and office supplies – will from August 12 be required to pay taxes immediately their cargo enters the country. The Kenya Revenue Authority (KRA) has issued a notice that […]
Kenya’s listed telco Safaricom topped the region as the largest company by market capitalisation and net earnings yet again this year, even as the Covid-19 pandemic hit listed firms, wiping out shareholder earnings and pushing away foreign investors. A survey on Africa’s top 250 companies by South Africa’s African Business Magazine had 17 East African […]
An employee of the East African Breweries Ltd checks beer quality before labelling at the company’s plant in Ruaraka, Nairobi. PHOTO | FILE | NATION MEDIA GROUP The management says measures put in place to contain the deadly pandemic will see net earnings fall sharply to about Ksh8.64 billion ($86.4 million). More companies are expected […]
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