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Business news highlights

EABL to raise beer price if tax passed

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Business Daily | by Brian Ngugi East African Breweries Limited (EABL) says it will increase the prices of its alcoholic products including beers and spirits...

British car Grenadier enters Kenya market

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Business Daily | by Victor Juma British billionaire Sir James Ratcliffe has entered the Kenyan car market with the appointment of a dealer that will...

KPA loses bid to halt port grains facility tender suit

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Business Daily | by Philip Muyanga Kenya Ports Authority has lost its bid to have a petition by activist Okiya Omtatah challenging a decision to...

Higher premiums lift Absa Life profit 84pc

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Business Daily | by Otiato Guguyu Absa Life Assurance Kenya has posted a Sh245 million in net profit for the year ended December, an 84...
nairobi securities exchange bourse

Stock market drops Sh51bn in three weeks

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Business Daily | by Elizabeth Kivuva Investors on the Nairobi Securities Exchange (NSE) have seen their paper wealth decline by Sh51 billion since the start...

Unharmonized taxes blamed for unfair trade practices in EA

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The East African | by Luke Anami East African Business Council has raised concerns that variations in tax policies are distorting prices and frustrating intra-EAC...

CEOs face Sh1m fine on failure to set up graft reporting lines

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Business Daily | by John Mutua CEOs and top executives of firms that have not established an internal code of conduct to report and fight...
safaricom house

Ethiopia changes law for M-Pesa expansion

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Business Daily | by Brian Ngugi Ethiopia has started changing its national payments law to clear the way for Safaricom to introduce its popular M-Pesa...