Business

MPs back Treasury bid to exempt KQ from 1% minimum tax

MPs back Treasury bid to exempt KQ from 1% minimum tax

Members of Parliament (MPs) have approved the National Treasury’s decision to exempt Kenya Airways (KQ) and its subsidiaries from paying…
Kenya to receive second payment of IMF’s Ksh.255 bn loan facility

Kenya to receive second payment of IMF’s Ksh.255 bn loan facility

The International Monetary Fund (IMF) has cleared Kenya to receive its second batch of an advanced loan facility of Ksh.44.07…
New Airline launches direct flight to Kisumu from JKIA

New Airline launches direct flight to Kisumu from JKIA

Local air carrier, 748 Air Services has announced plans to roll out daily direct flights from the Jomo Kenyatta International…
Ascent raises Ksh.10.8 billion as it announces first close of Ascent Rift Valley Fund II

Ascent raises Ksh.10.8 billion as it announces first close of Ascent Rift Valley Fund II

African SME private equity fund manager, Ascent has announced the first rolling close of its Ascent Rift Valley Fund II…
Dubai hotels to operate at full capacity as UAE relaxes COVID-19 restrictions

Dubai hotels to operate at full capacity as UAE relaxes COVID-19 restrictions

Dubai has officially eased COVID-19 restrictions allowing hotels in the regional tourism hubs to function at full capacity. The Government…
CMA lists seven firms to its innovation hub

CMA lists seven firms to its innovation hub

The Capital Markets Authority (CMA) has admitted seven firms to its Regulatory Sandbox.  The innovation hub allows firms to test…
Safaricom feted for outstanding contribution to Mobile industry

Safaricom feted for outstanding contribution to Mobile industry

Kenya’s largest telco by market share, Safaricom has been presented with the “Outstanding Contribution to the Mobile Industry Award” by the GSM…
Relief for Kenyan online businesses as Treasury seeks to exempt locals from digital tax

Relief for Kenyan online businesses as Treasury seeks to exempt locals from digital tax

The National Treasury is now pushing to exempt local businesses from the Digital Service Tax (DST). Under the 2021 Finance…
Transcentury proposes Rights Issue to boost its turnaround strategy

Transcentury proposes Rights Issue to boost its turnaround strategy

Listed investment firm, Transcentury Plc has proposed to undertake a Rights Issue to raise funds as part of its turnaround…
Britam unveils COVID-19 insurance cover with age limit of 75

Britam unveils COVID-19 insurance cover with age limit of 75

Listed Insurance Group, Britam has launched a health insurance cover designed to cover full hospitalization expenses of its policyholders for…
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