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Monday, June 9^th, 2008

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Slow KRA Tax Refunds Stalling Businesses: VAT legislation enacted in 1990 came with a package of tax relief by way of tax refunds to reward capital equipment purchasers and encourage certain sectors, like exporters.

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Bank Seeks to Join Case Against Nyaga Brokers: Consolidated Bank yesterday applied to be enjoined in the case against collapsed Nyaga Stockbrokers, adding a new twist to the ground breaking suit.

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Safaricom Hits Sh300 Billion: Shares in Safaricom rose 50 per cent on the first day of trading adding Sh100 billion of new wealth in one of Africa's richest IPO debuts that now values the company at Sh300 billion.

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Cargo Pile Up At Port Hurts Railway Users: Continued pile up of cargo at the Port of Mombasa is wearing the patience of rail users thin as costs rise in an economy that is grappling with hyper inflation.

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Bourse Comes Up With Rules for Listing SMEs: Nairobi Stock Exchange has come up with new guidelines for the listing of small and medium scale enterprises. It is proposing an alternative market segment, to be known as SMEx, to enable them raise expansion capital.

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Quick Solutions Needed: Driving along the Malindi Lamu highway, one is accosted by huge piles of white salt mounds.

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For Some Speculators, Safaricom's 50 Percent Gain Was Not Good Enough: Even as Safaricom notched a stellar 50 per cent increase in its share price on the first day of trading, for some investors, it was not a good debut for the telecoms giant.

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Airlines to Raise Charges As Fuel Prices Increase: Local airlines are set to increase their rates this month due to the sharp rise in oil prices.

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Safaricom Off to a Flying Start At the NSE: Safaricom was off to a good start at the Nairobi Stock Exchange (NSE), with shares surging as much as 60 per cent on the first day of trading.

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Safaricom Shares Strike 50pc Premium: Kenyan mobile operator Safaricom's shares rose 50 percent to KSh7.5 soon after President Kibaki rung the bell to commence its trading at the Nairobi Stock Exchange today.

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Software Vendors Plan Courses for Students: A number of multinational software vendors are partnering with local learning institutions to offer Information Communication and Technology skills to local professionals and students.

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Erratic Rainfall Set to Slow Down Afforestation Efforts: Erratic rainfall is set to slow down Kenya's drive to increase forest coverage, forestry officials said.

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We Need Great Thinkers And Tough Implementers: The President relies on a group of advisers selected on their knowledge and experience in various fields to provide advice and information on the issues and developments affecting each ministry. This group of advisers are the Cabinet ministers.

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Orengo Must Tread Carefully in Docket: Lands minister James Orengo keeps in the news.

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Safaricom Refund Clouds CBK's View of Bank Liquidity: Kenya's raging headline inflation remained the biggest concern of Central Bank of Kenya's Monetary Policy Committee (MPC) most recent meeting last week.

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Offer Adjustment Timely: By moving swiftly to adjust the onset time for its ongoing Call Free promotion from 9 to 11 p.m, mobile phone service provider Safaricom has moved the art of customer service in Kenya to a new level.

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Era of Informed Investors Creates Nightmare for AGM Organisers: As strange as it might seem, Safaricom with well over 866,000 new shareholders is staring at the possibility of holding its next Annual General Meeting in two football stadiums, at Uhuru Park or even at an open field outside Nairobi.

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Nema Raises Questions Over Tana Sugar Project: The environmental standards regulator has completed a review on the final audit report for the proposed Sh24 billion integrated sugar project in Tana River District.

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Women Scale New Heights in Architecture: Olive Nyokabi, an intern at a Nairobi-based architectural firm, is waiting to join the university to pursue a degree in architecture in September this year.

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Export of Clothes Drops As American Economy Falters: The flow of apparel from Kenya to the US under the AGOA facility dropped again last month as the economy of the world's only superpower continues to falter.

Today's Headlines | 1 2 3

Kenya News & Headline Stories

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Kenya News & Headline Stories

Monday, June 9th, 2008

Monday, June 9^th, 2008