President Uhuru Kenyatta (left) with President of the People’s Republic of China Xi Jinping at the opening session of the The Forum for Africa-China Cooperation, 2018 FOCAC Summit in Beijing, China. PHOTO | BAYO OMOBORIOWO We are at a point where we cannot afford to take more loans from China. China is also encouraging its […]
Reuters NAIROBI, Sept 3 (Reuters) – Kenya’s government on Monday faced a strike, anger among commuters and a lawsuit after it triggered a hike in transport and fuel prices by imposing a 16 percent value added tax on all petroleum products. Suppliers stopped transporting fuel from depots to gas stations due to the strike by […]
Standard Chartered Bank ATM lobby on Kenyatta Avenue in Nairobi. The bank has seen an increase in the stake held by foreigners beyond the 75 per cent former cap. FILE PHOTO | NMG Foreign investors have taken advantage of the removal of caps on shareholding for overseas investors to increase the foreign stake beyond the […]
A Total petrol station in Nairobi. FILE PHOTO | NMG Total Kenya #ticker:TOTL has announced a 8.06 per cent rise in net profit for the six months ended June 30, 2018, boosted by a lower tax base. The Nairobi Securities Exchange (NSE)-listed oil marketer made a net profit of Sh1.03 billion from Sh958 million posted […]
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