A pump attendant fuels a vehicle at Total Kimathi Street in Nairobi on February 14, 2020. Industry players say local prices are expected to drop significantly by May or June. PHOTO | FILE | NATION MEDIA GROUP As the world oil industry goes through a price turmoil, Kenyans can look forward to reaping some benefits, […]
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 […]
Jean Philippe Torres appointed new Total Kenya Chairman/FILE He takes over from Jean Christian Bergeron another French national who has resigned from the position he has held since September 2015. No reason for his resignation has been disclosed. Torres is a finance graduate of the University of Lille, obtained a masters in finance from the […]
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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