Market News
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Kenya: Govt Planning Revenue Collection Law to Curb Taxes that Scare Investors Away
Posted on :Friday , 24th March 2017
The government is developing a national legislation to guide counties on revenue collection.
This follows complaints that some devolved units had come up with prohibitive taxes that have scared away investors.The guide is meant to check on the unnecessary levies that are way above what the business community can afford and remain in b. . .Kenya: Govt has Invested Over $400 Million in Coastal Infrastructure Projects - President Kenyatta
Posted on :Thursday , 16th March 2017
Mombasa — The government has invested over Sh40 billion in infrastructure projects to accelerate development in the Coast region, President Uhuru Kenyatta has said.
Speaking Monday when he launched resumption of the Mtongwe Ferry Services, President Kenyatta said his administration has also set aside Sh2.2 billion to buy two new ferries to boost services.Kenya: Construction Industry Poised to Register Record Growth
Posted on :Thursday , 16th March 2017
The construction industry in the country is projected to grow steadily and outperform all Sub-Saharan countries for the next 10 years.
The growth has been based on the government's huge spending on infrastructure projects like the standard gauge railway and the Lamu port alongside foreign investment flow.The market is, for instance, e. . .Samsung Signs Up As Sponsor for BUILDEXPO Africa 2017
Posted on :Tuesday , 14th March 2017
Dubai, UAE – Expogroup is delighted to announce that Samsung Electronics East Africa has signed up as a sponsor for BUILDEXPO Africa 2017, the 20th edition of East Africa’s largest building and construction show.
The events will take place at the Kenyatta International Conference Centre (KICC) in Nairobi, Kenya from the 20th to 22. . .
Kenya: Cement Firm Reports Flat Growth of $58 Million Amid Tight Competition
Posted on :Monday , 13th March 2017
Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition.
The Nairobi Securities Exchange-listed company recorded a profit after tax of Sh5.89 billion for the year ended December 2016, a 0.3 per cent rise over the profit recorded during a similar period last year. . .Please Select an Option
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