FINANCE EA DAILY BUSINESS NEW SUMMARY
SBG Securities has set sights on facilitating nearly all retail shares deals online in two years, saving clients time spent queuing at the firm’s outlets to trade in shares at the NSE.
The subsidiary of Stanbic Holdings Plc has since late 2010 been investing in online trading platforms aimed at enabling retail investors to order, monitor in real time market information and sell shares as well as make payments remotely…..Business Daily
Demand for Treasury bills remained subpar with the auction undersubscribed for the fourth straight week despite a liquid money market that has seen this month’s bond offer attract bids worth Sh151 billion. The T-bill auction last week which sought the usual Sh24 billion realized bids worth just Sh13.1 billion, which was all taken up by the Central Bank of Kenya (CBK)…..Business Daily
The High Court in Machakos has barred the taxman from implementing and enforcing minimum tax on Kenyan businesses.
Justice George Odunga made the decision after finding that section 12D of the Income Tax Act is unconstitutional…..Nation
The High Court has ordered a Chinese construction company to hand over to commercial lender Equity Bank Ltd 10 housing units at Fourways Junction Kiambu to settle unpaid loan owed by the owners of the project.
In the ruling rendered by Justice David Majanja, the court has ordered China Wu-Yi Company Limited to hand over the housing units situated at Hibiscus Villas and Tulip Apartments……Business Daily
The value of tea at the Mombasa auction rallied last week to trade above the two dollar mark on average, raising hopes of a better earnings for farmers in the current financial year.
A kilogramme fetched $2.04 (Sh220), up from $1.97 (Sh212) in the revious week…..Business Daily