Category: Business

“The ongoing demonstrations have negative effects on doing business in the region as they disrupt trade as well as investments. I think it is high time the Kenya government took proactive action to resolve this by seeking an amicable solution,” said John Bosco Kalisa, Chief...

Faced with a lack of funding for the construction of a $4.5 billion refinery in the oil-rich Albertine region, President Yoweri Museveni extended an invitation to his Iranian counterpart Ebrahim Raisi to consider investment in the project.

<p>From the increase of contributions to the National Social Security Fund to new taxes, elimination of fuel subsidies and even the expansion of the affordable housing project, the global lender has had a hand in recent policy pronouncements by the Kenya Kwanza administration.</p>

The transporters along the Northern Corridor, from Mombasa at the coast to Malaba at the Ugandan border, parked their vehicles disrupting the movement of cargo along the corridor.

Other companies affected by the new tax contained in Income Tax Amendment Bill, 2023 include Google, Amazon, and Uber, and any foreign-owned company offering services such as data, online gaming, accessing and downloading of digital content, and data warehousing. 

The Shippers Council of Eastern Africa (SCEA) has already shown more interest in using railway to cut cost of transportation as rail charges remain unchanged since the standard gauge railway freight train was introduced five years ago.

An analysis by the Business Daily shows that taxes in Kenya now account for 40 percent of the cost of every litre of super petrol and diesel, compared to 14 percent in Illinois State— the state with the highest fuel taxation in the US— and...

Additionally, there has been a marked change in the global credit landscape over the past decade, with China and private bondholders -- who are the main creditors for the low-income economies – making the traditional structures less effective for present-day debt challenges.

The Uganda Securities Exchange-listed lender disclosed through its latest annual report (2022) that the employee restructuring plan that focused on competence-based assessment resulted in a “regrettable” attrition of less than five percent for the year.

Tanzanian mining industry burst to the global scene on July 6 with the commencement of trading of Lifezone Metals stock on the American securities exchange under the symbol NYSE: LZM, elevating the importance of the Kabanga Nickel Project on the world stage.