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The cost of a full trade war on tariffs

In a trade war, everyone loses. According to the United Nations Conference on Trade and Development (UNCTAD), exporters will face higher tariffs regardless of whether they are in developed or developing countries.  Trade war tariffs are based...
Uchumi CEO

Uchumi says it wants to return to its glory days through a creditors plan

Kenya’s oldest retailer Uchumi supermarket, has today said has that it wants to return to its glory days. The struggling supermarket chain has appointed an administrator and submitted a proposal to waiver part of...
Central Bank of Kenya

Why Kenyan Banks are less profitable

Despite top-tier banks reporting impressive results at the first quarter, the sector saw a decrease in return on assets from 2.67 percent to 2.62 percent. Profit in the quarter ended December 2017 decreased from Sh21.86...
Kenya Revenue Authority

Taxman raises Sh8.3 billion from Alternative Tax Disputes Resolution (ADR)

The Kenya Revenue Authority (KRA) has raised Ksh8.3 billion from the Alternative Dispute Resolution (ADR) mechanism as at 30th April, 2018. The ADR mechanism has resolved a total of 181 tax disputes in the last...

Carrefour to open its sixth store in Kenya at the Village Market

French retailer Carrefour has announced plans to open its sixth store in Kenya having entered a deal with the management of the Village market. The new store which will be just a stone throw away...

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