Charles Mwaniki

1 day ago | businessdailyafrica.com | Charles Mwaniki

Listed marketing firm WPP ScanGroup was on Wednesday forced to issue a cautionary notice to investors after its former staff snatched its top client, Airtel Africa, in a shift that could derail the turnaround of the firm. The firm, in a public notice, said its subsidiary, Ogilvy Africa, had parted ways with Airtel Africa after 15 years of acting as the marketing and advertising agency of the telecoms operator across the continent.

1 day ago | businessdailyafrica.com | Charles Mwaniki

Pension funds that carry a higher exposure to equities and offshore assets saw their returns in the first quarter of the year trail their fixed income-oriented peers by 2.4 percentage points after the sharp rise in bond prices rewarded those holding the securities. Analysis by fund administrator Zamara shows that in the period, the average return from fixed income assets stood at 7.9 percent, with equities at 4.8 percent and offshore assets at negative 5.3 percent.

3 days ago | businessdailyafrica.com | Charles Mwaniki

The volume of tax debts waived under the Kenya Revenue Authority (KRA) amnesty plan hit Sh165 billion between last December and April as businesses and individuals rushed to take advantage of the window before it closes on June 30. The KRA says more than three million taxpayers with overdue obligations have taken up the amnesty offer initially rolled out between September 2023 and June 2024, before the second phase opened last December.

3 days ago | businessdailyafrica.com | Charles Mwaniki

The shilling has remained stable at about 129 against the US dollar for nearly nine months, underlining the central bank’s extended bid to keep the local currency at that level. The shilling was quoted at an average of 129.26 against the dollar on Monday, according to the official Central Bank of Kenya (CBK) rates, marking little change since August 17, 2024 when it exchanged for 128.91.

6 days ago | nation.africa | Charles Mwaniki

The Kenya Revenue Authority (KRA) defied tough economic conditions facing businesses and households to grow tax collections by 3.6 percent to Sh1.91 trillion in the 10 months to April 2024. The tax revenue collected on behalf of the national government was equivalent to 95 percent of the target of Sh2.006 trillion for the 10-month period, reflecting the effects of the economic headwinds that slowed down private sector activity, imports and exports.