business
Ferrari Q1 2023 Revenue Growth Reopens Purosangue Orders
In an earnings call earlier last week, Ferrari CEO Benedetto Vigna announced that the company has seen a rise in profits in Q1 2023 by 27%. Due to the higher-than-anticipated increase in profits in the first quarter of the year, the Italian luxury carmaker's share price on the Milan stock exchange also hit a record high of about $297 USD on the day of the earnings call. Beating forecasts, Ferrar's EBITDA came in at around $592 million USD with adjusted margins of 37.6%. Ferrari's performance was led by the Portofino M, 296 GTB, as well as the 81 Competizione. The Italian company delivered 3,567 units, 9.7% more than the previous year. When Ferrari initially announced its first-ever SUV, the Purosangue, it had to halt orders two months after its unveiling back in September 2022. Now, CEO Vi...
President Ruto housing levy set at 3 percent of basic pay
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The government has set its sights on higher tax collections from micro-enterprises with a new...
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The Finance Bill 2023 is seeking to introduce a tax on human hair, eyelashes, switches and...
Cost of sending mobile cash up, bank transfers to fall
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The Finance Bill 2023 is seeking to impose daily remittance of excise duty on firms with a...
Kenyan Facebook content moderators form union
Kenyan digital content moderators drawn from multinational tech giant platforms such as...
Inject resources into irrigated agriculture
The agriculture sector, despite the negative growth in the past two years, remains the backbone...
Curb wastage, graft to justify tax collection
Even as the Treasury unveils a raft of taxes for the new budget, there is an urgent need to...
Duty-free sugar imports fail to tame high retail prices after four months
Duty-free sugar imports have failed to cool off high retail prices of the commodity.
Pleasant surprises at Herbs and Spice cocktails soiree
I’m not a gin person but a month ago I drank Tanqueray Rangpur Dry Gin at my sister’s...
Chris Getonga: The ‘crazy’ half-Indian serial entrepreneur
Chris Getonga sounds like a famous radio host in the 60s who announces the death of presidents.
