Category: Business

The Nairobi Securities Exchange-listed firm’s disclosure in the latest annual report puts the headcount at 1,408 compared with 1,576 that the beer maker had at the end of June 2022.

The announcement follows scandals that rocked the fund between the Minister of Gender, Labour and Social Development Betty Amongi, and Richard Byarugaba, NSSF former managing director, over allegations of mismanagement of the fund.

Kenya has placed bids to lease sections of Mombasa and Lamu ports to private operators, with landlord-type port management system expected to take place in what is aimed at making the Northern Corridor competitive.

Treasury Secretary Njuguna Ndung’u has disclosed a plan to stop the zero-rating of value-added tax (VAT) on the supply of tens of goods such as maize flour, cooking gas, ordinary bread, medicaments, agricultural pest control products, and animal feeds.

The oil marketer disclosed the losses in its half-year to June report, adding that the local market has since last year been plagued by ‘extreme currency tensions’.

The CBK data shows mobile payments hit Ksh684.64 billion ($4.7 billion) during the month, up from Ksh643.76 billion ($4.4 billion) in June. It was the highest value of monthly mobile transactions since December when it was Ksh708.06 billion ($4.84 billion).

This was revealed by President Yoweri Museveni during the passing-out of Uganda Prisons Service officers at Kololo Ceremonial Grounds in Kampala on Sunday. 

The revelations emerged last week at a conference on debt in Dakar, Senegal where officials explained the policy direction.

Citi Managing Director and Africa head of markets George Asante told the Business Daily that market access conditions have been difficult for African countries and companies, especially for Eurobonds, primarily due to risk aversion on tough economic conditions and pricing due to higher rates on offer in...

Sales from horticultural exports amounted to Ksh69.48 billion ($476.1 million) in the review period, according to data collated by the Central Bank of Kenya (CBK), a modest 7.16 percent rise from Ksh64.84 billion ($444.3 million) in a similar period last year.