Business

Bolt to implement 16 Percent VAT on rriver earnings starting April

Starting Tuesday, April 1, ride-hailing platform Bolt will begin applying a 16 percent Value Added Tax (VAT) on its drivers' earnings, marking the end...

Kenya Re Sustains Dividend Despite Profit Dip Amid Forex Losses

Kenya Reinsurance Corporation (Kenya Re) has announced that it will maintain a dividend payout of Sh839.94 million despite a decline in net profit by...

Tanzania Imposes new taxes on Kenyan Meat, Dairy, and Confectionery Exports

Tanzania has introduced fresh tariffs on various Kenyan goods, including meat, dairy, eggs, and confectionery products, a move that is straining trade relations between...

LG Electronics and Opalnet Engineering Introduce Eco-Friendly Air Conditioning Solutions to East Africa

LG Electronics East Africa, in collaboration with Opalnet Engineering Ltd, is set to revolutionize the regional air conditioning market with its latest range of...

Kenyan Businesses in South Sudan Face Uncertainty as Conflict Escalates

Kenyan enterprises operating in South Sudan are facing the threat of massive losses and potential shutdowns as the country inches closer to renewed civil...

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