business
Banks sue to fight 15 percent tax on hedging deals
Commercial banks have moved to court to stop regulations requiring them to pay a 15 percent...
President Ruto to spend Sh100bn on new trains, SGR revamp
President William Ruto’s administration plans to hit Sh100 billion to revamp the...
Disney+ Reports Second Straight Quarterly Drop In Q2 2023
Disney+ appears to be heading in a direction of decline, according to the most recent quarterly reports. The streamer has seen a loss of four million subscribers in the first quarter of 2023, making it Disney+'s second consecutive quarterly drop since closing 2022 with its first-ever decline. CEO Bob Iger however did say that the company beat Wall Street estimates for Disney's quarterly earnings and revenue, thought it was all due to its theme parks. On the other hand, Disney+ ended the quarter with 157.8 million subscribers, way below Wall Street's estimate of 163.17 million subs. Variety has indicated that second subscription drop was due to Disney+'s Hotstar decline of 4.6 million. Hotstar is offered in India and parts of Southeast Asia and last year, Disney lost the streaming rights to...
Uber rolls out flight bookings in travel ‘super app’ plan
The firm has entered into a partnership with travel agency Hopper to provide international and...
Safarilink cancels Kitale route citing bad business
Domestic carrier Safarilink will stop operations on the Nairobi-Kitale route next month.
StanChart sets 6.58 percent rate on its mobile lending
Standard Chartered Bank Kenya has set an interest rate of 6.58 percent for short-term loans...
Margins on bank loans fall as deposit rates increase
Interest margins from loans have narrowed as commercial banks offer higher returns on fixed...
Investor jitters increase as President Ruto fights debt tripwires
Global investors are becoming increasingly jittery over Kenya’s ability to refinance huge...
Alcohol, cigarettes spared tax hikes for first time in 5 years
Alcohol and cigarettes have been spared from tax increases for the first time in five years.
Britam, Swiss Re and Oxfam unveil cover against flooding
Britam Holdings in partnership with Swiss Re and Oxfam Kenya has launched a flood insurance...
Kenya to tap another Sh136bn loan from the World Bank
Kenya is standing in line to secure another Sh136.5 billion loan from the World Bank.
Kaluworks loses Sh730m tax fight with taxman
Kaluworks Limited, a manufacturing company, which is part of billionaire Manu Chandaria’s...
