Oil marketer Vivo Energy, which trades under the Shell brand name, is set to take a 50 percent stake in KFC in East Africa, in a deal with the owners of the fast food franchise Kuku Foods East Africa Holdings.
Corrupt individuals have been banned from visiting the United States or investing their money there as the effects of a mutual assistance framework being sought by Kenyan investigative agencies with international partners in order to fight graft begins to bite.
Manufacturing is one of President Uhuru Kenyatta Big Four Agenda but the imposition of excise duty on Kenyan products in other East African countries goes against the common external tariffs which make it costly to operate.
Local manufacturers have on several occasions called for tax-cuts to ensure a level-playing ground with other companies in other Eastern African countries.
A 2019 first-quarter report on bank performance released Monday shows that banks have had an overall increased performance as they recorded improved profitability, in a relatively tough operating environment.
Equity Bank lent out Ksh 6.5 billion to Micro, Small and Medium Enterprises (MSMEs) as at the first quarter 2019, which is part of a Ksh 35.3 billion investment in social programmes through the Equity Group Foundation (EGF).