Kepha Muiruri

Kepha Muiruri

2465 Articles

  • KRA extends deadline on real-time tax invoicing

    KRA extends deadline on real-time tax invoicing

    The deadline extension allows more time for businesses to comply with the upgrade to real-time electronic tax registered for all VAT registered taxpayers.After the lapse of the deadline, only taxable purchases validated through electronically transmitted invoices will be admissible for claim of inpu...

  • KEBS orders withdrawal of ‘unfit’ edible oil samples

    KEBS orders withdrawal of ‘unfit’ edible oil samples

    The brand flagged for non-compliance include Bahari Fry, Fresh Fri, Fresh Fri with Garlic Oil, Fry Mate, Gold n Pure Olive Gold, Postman, Rina, Salit, Tilly and Top Fry.KEBS had held a daylong meeting with edible oil and cooking fat manufacturers on Friday from which KAM committed to ensure that onl...

  • Kenya ships Ksh.9M exide batteries in Africa trade pact pilot

    Kenya ships Ksh.9M exide batteries in Africa trade pact pilot

    The arrival of the exports will mark Kenya’s formal start of preferential trading under the AfCTA agreement.The pilot phase of the pact was launched following the realization that no trading was taking place one and a half years after the launch of AfCTA preferential trading on January 1, 2021.

  • Mobile operators deactivate 287,214 SIM cards

    Mobile operators deactivate 287,214 SIM cards

    New data from CA shows the number of mobile subscriptions fell further to 64.7 million from 64.9 million at the end of March.Cumulatively, a total of 411,903 SIM cards have been deactivated by mobile operators since the start of 2022.124,689 SIM cards were deactivated between January and March.

  • CBK faces pressure to hike interest rates

    CBK faces pressure to hike interest rates

    The pressure to raise the benchmark lending rate from the current 7.5 points stems from higher interest rates in developed economies which has triggered portfolio outflows by foreign investors from emerging and frontier markets.In appearances on CNN and Bloomberg TV earlier this...

  • KBL projects Ksh.588M hit to sorghum farmers on excise duty hike

    KBL projects Ksh.588M hit to sorghum farmers on excise duty hike

    The setback is expected to hit out at an estimated 15,000 farmers as the brewer reduces its uptake raw material used in the manufacture of alcoholic beverages.KBL for instance relies fully on produce by contracted farmers to run its recently completed Kisumu brewer which primarily manufactures powde...

  • Banks queue up first in Mumias Sugar debt resolution

    Banks queue up first in Mumias Sugar debt resolution

    On Thursday, the troubled miller’s administrator Kereto Marima asked secured creditors in Mumias to submit their claims before the close of next month.Later on, the administrator is expected to publish notices, procedures and timelines for submission of claims against Mumias by priority creditors, f...

  • Allianz completes buy-out of general insurance stakes from Jubilee

    Allianz completes buy-out of general insurance stakes from Jubilee

    On Wednesday, the insurer announced the purchase of a 66 per cent stake in Jubilee Insurance Mauritius Limited, making the deal the fifth in a run of acquisitions for Allianz.The transaction has marked the conclusion of an agreement valued at Ksh.12.1 billion ($100 million) for Allianz to become the...

  • CBK sees greater capital outflows from higher US rates

    CBK sees greater capital outflows from higher US rates

    On Wednesday for instance, the US Federal Reserve lifted its funds rates/benchmark interest rates by three quarters of a per cent or 75 basis points at its September meeting.The rate hike are expected to lift interest rates on US government securities along with the value of the US dollar making dol...

  • KCB shareholders back DRC’s Trade Merchant Bank acquisition

    KCB shareholders back DRC’s Trade Merchant Bank acquisition

    The approval by the shareholders hands KCB one half of requisite consents required for the completion of the transaction which will see the lender mark its entry in the DRC market.The transaction is expected to close before the end of 2022 subject to regulatory approvals and other customary closing...