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According to the brewer, profit after tax for the period declined 1 per cent to Sh7 billion mainly impacted by cost inflation, tax and foreign exchange impact.
Further, the COVID-19 related tax reliefs in Kenya on corporation tax and VAT ended in December 2020, resulting in higher tax charges for the year as the rates reverted back to pre-COVID levels.
The company said the slower profit growth rate was driven by the impact of cost inflation, adverse foreign exchange and tax charges.
The top 10 banks in 2020 in Kenya accounted for 77.7 percent of industry assets, 80.7 percent of loans and…
Lufthansa Group’s newest leisure airline Eurowings Discover has commenced direct flights to the Kenyan coast, at a time when the country’s…
Kenya’s economic indicators by sector for the first quarter of 2021 point to continued recovery from the adverse impact of…
FAO says that in addition to lost agricultural assets, the state of core basic services across northern Ethiopia is impeding relief efforts.
“Electricity and fuel are lacking, cash and credit are not to be found, and there is only one functional road in and out of the region”, noted Paulsen.
According to the organization, the conflict commenced at the peak of what would have been the main Maher season harvest before many households had the opportunity to harvest their crops.
The Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Devolution and the Arid and Semi-Arid…
The Kenya Medical Supplies Authority (KEMSA) says it has stepped up plans to guarantee quality medical products and technologies supply…
The United Nations has released a report indicating that there was a dramatic worsening of world hunger in 2020, much…
African Development Bank Group has approved two grants worth $83.6 million to boost cross-border trade in electricity between Ethiopia and…
Kenyan and Tanzanian manufacturers have called for the expedited resolution of non-tariff barriers (NTBs) and the review of the East…