July 2017

Month: July 2017

Congo is losing $750 million of all mining revenue due to corruption – Africa Business RoundUp

In a report published on Friday, Global Witness said at least $750m paid by companies to the Congo's tax agencies and state-owned ...

Market turnover at the Bourse records 19.6pc decline

By Amina Faki The NSE 20 and NASI indices gained 0.47 percent and 0.64 percent to close at 3,700.44 million shillings and 155....

Bidco Africa: Creating opportunities for Kenyan youth in agriculture

Leading consumer goods manufacturer Bidco Africa, has embarked on initiatives for Kenyan youth to be involved in agricultural value chain. The future ...

BAT Appoints Three Directors in Bid to Close Reynolds Acquisition Deal

By Amina Faki British American Tobacco PLC Company (BAT) has appointed appointed three independent non executive directors into its board in honor ...

Agency urged to toughen laws on counterfeit in the manufacturing industry

By Amina Faki The Anti-Counterfeit Agency (ACA) has been asked to toughen laws and penalties on counterfeiting as it poses a real ...

Five Kenyan startups to compete for Sinapis Group one million prize

Sinapis Group,a business accelerator program has announced five Kenyan startups who will battle it out to win Kshs 1,000,000 capital for their ...

KRA misses Treasury’s revenue target by KSh50B FY2016/17

The Kenya Revenue Authority (KRA) has missed its target by KSh 50 billion (9 percent) collecting KSh1.365 trillion in the 2016/2017 ...

Yields on Kenya’s Treasury bills dip at weekly auction

Interest rates on short-term Treasury bills, 182-day, 364-day T-bills and 91-day fell in Thursday’s auction.The Central Bank of Kenya auctioned Ksh ...

CBK digs deeper into dollar reserves to bailout a weakening shilling

By Amina Faki The Kenya Shilling depreciated against the US Dollar on Thursday to close at 103.0 shillings from Wednesday's close ...

Kenyan Govt plans to let go its shareholding in Uchumi Supermarkets

The government will exit from Uchumi Supermarkets (NSE: UCHM) once the retailer stabilises under the ongoing restructuring plan. This is according to ...

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