A car being fueled at a fuel pump. Business News Oil companies want EPRA to compute prices for May and June based on crude oil prices for February and March when the prices were higher Oil marketing companies want the Government to protect them by allowing them to sell fuel at high prices despite the […]
Mr Andre DeSimone, former CEO of Kestrel Capital. FILE PHOTO | NMG The Capital Markets Authority (CMA) is locked in a fresh court battle over the KenolKobil insider trading case after the former head of one of Kenya’s biggest stockbrokers – who was banned over the breach – moved to overturn the punishment. Andre DeSimone, […]
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 the Kenya Independent Petroleum Dealers Association […]
Reuters Kenyan fuel tax causes anger, petrol dealers strike 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 […]
The MPs, led by Alfred Keter (Nandi Hills), Caleb Amisi (Saboti), Tindi Mwale (Butere) and Godfrey Otsotsi (Nominated), yesterday called for an informal meeting of members, popularly known as Kamukunji, to discuss the increase in fuel prices even after Parliament last week voted to freeze the collection of the 16 per cent value added tax […]
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 […]
KenolKobil, the pan-African oil firm based in Nairobi, has announced its half year results ending June. During the review period the firm noted a 16.07% year-on-year rise in net profit, as well as its sales revenue increasing by a quarter and its costs falling by almost half. The company’s profit after tax rose from Sh1.422bn […]
Turnover at the Nairobi Securities Exchange (NSE) surged on Monday, boosted by increased trading of energy sector stocks by local investors. Turnover stood at 9.5 million U.S. dollars on a volume of 46 million shares, from 31 million shares worth 7.2 billion dollars of Friday last week. Oil marketer KenolKobil traded 32 million shares to […]
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