Economic recovery began with easing of Covid containment measures and gradual resumption of business in the past year. PHOTO | FILE | NMG Market analysts expect rising political temperatures ahead of the August general election, rising fuel prices, lower agricultural output due to potential adverse weather and the desert locust infestation in the northern parts […]
Tag: XUGA_NMG
Equity unveils Sh684bn war chest for Africa business resilience
Equity Bank branch on Muindi Mbingu Street in Nairobi on Thursday, April 1, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Group has unveiled a Sh684 billion ($6 billion) war chest to lend to five million businesses in its Africa Covid-19 pandemic recovery and resilience plan. The lender says it has internal capacity to lend […]
State earns Sh3bn from air travellers departure tax
Jomo Kenyatta International Airport. PHOTO | JEFF ANGOTE | NMG Departure tax earned the Tourism Promotion Fund (TPF) Sh2.9 billion from local and international passengers in the nine months to January this year. Tourism Cabinet Secretary Najib Balala said Kenya Airports Authority (KAA) remitted Sh2.17 billion ($19,962,719.44) from the international air levy charge. KAA also […]
Equity steps up push for return of bank to mobile transfer charges
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Bank has asked the Central Bank of Kenya to reinstate charges on transfers of money from bank accounts to mobile money wallets. The lender’s boss, James Mwangi, says […]
Keroche rules out sale in Sh22.7bn clash with KRA
Keroche Breweries chief executive Tabitha Karanja addresses the media on March 9, 2022, regarding the tax row with Kenya Revenue Authority (KRA). She asked the taxman to reopen the plant to stem huge losses. PHOTO | DIANA NGILA | NMG Naivasha-based Keroche Breweries’ owners have ruled out the possibility of selling the firm facing an […]
Rosier times for Kenya’s post-Covid economy despite election jitters: analysts
Economic recovery began with easing of Covid containment measures and gradual resumption of business in the past year. PHOTO | FILE | NMG Market analysts expect rising political temperatures ahead of the August general election, rising fuel prices, lower agricultural output due to potential adverse weather and the desert locust infestation in the northern parts […]
State to reveal names, homes of tender tycoons
Attorney General Paul Kihara Kariuki. PHOTO | JEFF ANGOTE | NMG The State will start making public the names, residential addresses and occupation of secret shareholders in companies that clinch tenders in ministries and parastatals. Attorney-General Kihara Kariuki has unveiled fresh regulations that will compel the Public Procurement Regulatory Authority (PPRA) to reveal information on […]
Kenya Power adds 317,296 customers in six months to Dec
Kenya Power staff at work along Nyerere Avenue in Mombasa. FILE PHOTO | KEVIN ODIT | NMG Kenya Power added 317,296 customers in the six months to December when the economy continued to recover from the Covid-19 pandemic disruptions. The latest data from the Energy and Petroleum Regulatory Authority (Epra) shows that the utility had […]
97pc of NSE share trading accounts remain dormant
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange (NSE) have been dormant in the past two years, revealing the apathy among retail […]
State to reveal names, homes of tender tycoons
Attorney General Paul Kihara Kariuki. PHOTO | JEFF ANGOTE | NMG The State will start making public the names, residential addresses and occupation of secret shareholders in companies that clinch tenders in ministries and parastatals. Attorney-General Kihara Kariuki has unveiled fresh regulations that will compel the Public Procurement Regulatory Authority (PPRA) to reveal information on […]