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Kenyan market review

BY Steve Biko · February 4, 2015 09:02 pm

Mumias Sugar Company suspends 52 employees in connection with loss of an estimated SH 400 million following termination of their cane supply contracts to the miller. The Kenya Revenue Authority (KRA) has been negotiating with stockbrokers to strike a deal that would see the Kenya Association of Stockbrokers and Investment Bankers (KASIB) withdraw a suit it filed in court seeking to stop re-introduction of the tax. Steve Biko director at Hidalgo Group joins CNBC Africa’s Bonney Tunya for more.

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