business
Treasury hands farmers price shocker in 2023 Finance Bill
The National Treasury has, in the 2023 Finance Bill, proposed to raise the cost of fertilisers...
NSE sinks to 10-year low as bank profits, dividends rise
Share prices of Safaricom and top banks including Equity and KCB have witnessed a sustained...
Court drops corruption case against ex-Transport CS Michael Kamau
A Nairobi court on Tuesday terminated abuse of office charges against the National Health...
Judiciary yet to pay Sh1bn to contractors six years later
The Judiciary owes Sh1 billion to various contractors who won cases against it but have...
KCB Group now corrects NSSF shareholding
KCB Group has corrected its shareholding structure to show that NSSF bought an additional 21.36...
President Ruto heavily arms KRA despite soft stance tax promise
President William Ruto has moved to heavily arm the Kenya Revenue Authority (KRA) despite the...
When all goes wrong, it’s right for Aperture
For sheer entertainment and delightful humour, blended with a bunch of raucous physical comedy,...
Double dose of family havoc in Deny, Deny
Heartstrings Entertainment performed an excellent indigenized version of the Ray Cooney farce...
Dollar edges up on credit report, sterling hovers near one-year high
The dollar crept higher on Tuesday after a survey showed US credit conditions were less gloomy...
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
Treasury proposes changes to allow deductions of three percent from employees' basic pay to...
Kenya eyes more money from micro enterprises
The government has set its sights on higher tax collections from micro-enterprises with a new...
