The World Bank is pushing for new income tax rates for Kenya. In a new report that is proposing new tax bands, Kenyans earning over Sh800,000 per month should pay 38 percent income tax. At the same time, the...
Absa Bank Kenya has announced a net profit increase of 3 percent in the first three months of the year. The results by the lender show that Absa Bank Kenya Q1 2025 net profit increased from Sh5.9 billion that...
The National Treasury has announced that it is planning to sell Safaricom shares in a bid to raise more money from targeted privatization of State assets. This has been revealed by the Cabinet Secretary for the National Treasury John...
Ethiopian Cargo has received its 12th Boeing 777-200LR Freighter aircraft, ET-BAC. Ethiopian Cargo is the freight arm of the Ethiopian Airlines.
"This milestone delivery not only expands our cargo capacity but also enhances our logistics network across key global markets,...
KCB Group has announced a Sh16.54 billion net profit in the first quarter of the current financial year. This KCB Group Q1 2025 net profit came in flat from the Sh16.48 billion net profit that was recorded in the...
Equity Bank Kenya has sacked a number of employees over suspicious M-Pesa and bank accounts transactions. The sacking follows an internal investigation that started on April 14, 2025, which revealed the undertakings by the impacted Equity Bank employees.
According to...
Kenyans are now securing loans using fridges, TVs, livestock, the latest data from the Business Registration Service (BRS) has shown. The BRS is currently the custodian of the Movable Property Security Rights registry in which creditors including commercial banks...
For years, the Toyota Premio has been one of the most sought-after vehicles in the Kenyan second hand cars market. The vehicle has been a favourite among Kenyans due to its high reliability - a characteristic that is often...
Starting a business is no small fete. Starting a business in your 20s when you're young is even more complicated. You don't know where to start or even what to do. You need to learn the ropes.
Before you get...
Rights issues are an invitation to a company’s existing shareholders to buy additional new shares in the company. This is done in a fixed proportion to their existing shares. The shares issued in a rights issue are priced below the current market price to...
