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KCB beats Equity in profits race as earnings after tax hit Sh44.5b

Kenya’s largest bank by asset base KCB Group outpaced its biggest rival Equity Bank in the first nine months of the year after its profit after tax jumped by nearly half to Sh44.5 billion.

By Brian Ngugi 2024-11-21 15:00:00

KCB beats Equity in profits race as earnings after tax hit Sh44.5b

Government back to drawing board after KRA misses tax targets

By Brian Ngugi 2024-11-21 15:00:00

Adani plunges in Mumbai on founder's charges as Asian markets retreat

Shares in Indian conglomerate Adani tanked on Thursday after its industrialist owner Gautam Adani was charged by US prosecutors with handing out more than $250 million in bribes for key contracts.

By AFP 2024-11-21 15:00:00

Shares of India's Adani Enterprises drop by 20pc after founder's US charges

Shares in India's Adani Enterprises slumped 20% after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes

By AFP 2024-11-21 09:08:32

Shares of India's Adani Enterprises drop by 20pc after founder's US charges

Economy is lagging but we can still reduce taxes, Mbadi says

There is need to reduce Pay as You Earn Tax (PAYE) and other taxes levied on Kenyans by broadening the tax base, Treasury Cabinet Secretary John Mbadi has said.

By Joackim Bwana 2024-11-21 00:00:00

Economy is lagging but we can still reduce taxes, Mbadi says

Traders upbeat about Israel's new canal project to lower import costs

The Suez Canal is inaccessible due to Houthi rebels targeting ships off Yemen. Cost of importing goods from Europe to Mombasa has tripled, from Sh72,450 to Sh289,800 per ton.

By Willis Oketch 2024-11-20 20:40:00

Traders upbeat about Israel's new canal project to lower import costs

Governors refute Mbadi claims that county funds disbursed

The Governors described Mbadi’s claims as misleading and maintained that counties are still grappling with a biting cash crunch.

By Bernard Lusigi 2024-11-20 20:40:00

Governors refute Mbadi claims that county funds disbursed

Use the proposed taxation Bill to ease high cost of living, MPs told

In Mombasa, the few residents who turned up poked holes in the proposed changes in interest rates and retirement benefit sections of the tax Bill.

By Isaiah Gwengi And Joachim Bwana 2024-11-20 20:40:00

Use the proposed taxation Bill to ease high cost of living, MPs told

CBK unveils updated banknotes

The Central Bank of Kenya (CBK) says the release of updated banknotes for smaller denominations is in progress.

By Stephanie Wangari 2024-11-20 20:40:00

Jica-backed training drive aims to improve SME operations

Kenya Institute of Business Training and the Japan International Cooperation Agency (JICA) have partnered to improve the efficiency and sustainability of Kenyan MSMEs through training.

By Sofia Ali 2024-11-20 18:53:16

Jica-backed training drive aims to improve SME operations

Kenya Power unveils sustainability strategy to tackle climate change, boost resilience

State utility firm Kenya Power will entrench sustainability in all its business operations going forward.

By James Wanzala 2024-11-20 17:06:35

Kenya Power unveils sustainability strategy to tackle climate change, boost resilience

Kenya's e-commerce strategy seeks to drive digital economy

Kenya is aligning its National E-Commerce Strategy with the East African e-commerce strategy, the AfCFTA Protocol on E-Commerce, and the UN Sustainable Development Goal 9 to drive digital economy.

By Francis Ontomwa 2024-11-20 16:43:34