How the state plans to create a super lender
The government is planning to merge three banks create a proposed State bank with Sh100 billion shares.
Business
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Pain as cement maker intends to sack more staff
The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees. Accordi…
Covid-19: Equity and StanChart record drops in Q1 profits
Equity and Standard Chartered banks have become the first top lenders to record drops of 14% and 16.6% in their first quarter earnings resp…
Fairmont Norfolk Hotel fires all employees
Owners of The Fairmont Norfolk, an iconic hotel in Nairobi announced Wednesday that it is closing its doors indefinitely and will fire all …
Covid-19: KCB shuts Mvita branch after staff tested positive
Kenya Commercial Bank has temporarily shut its Mvita branch in Mombasa after a staffer tested positive for the covid-19.
State begins distribution of 6kg gas cylinders to the poor
An independent inspector is set to start carrying out safety tests on mini gas cylinders for less previledged families as part of governmen…
Covid-19: SGR moves all East African cargo to Naivasha depot
All cargo heading to Uganda, Rwanda and South Sudan regions will be ferried through the standard gauge railway (SGR) for clearance at the N…
ICEA Lion buys asset manager Stanlib Fahari
ICEA Lion Asset Management has taken over the management of Stanlib Fahari I-Reit, a listed property fund in a deal that will see it acquir…
The Nairobi west Hospital and advanced internal medicine
Nairobi West Hospital has invested heavily in internal medicine- a medical specialty dedicated to the diagnosis and medical treatment of ad…
Covid-19: World Banks okays Sh108 billion loan to aide Kenyan budget
The World Bank has approved a Sh106.8b loan to assist Kenya in covering the deficit and handle the economic shocks from the covid -19 pande…
Covid-19 cuts power use in Kenya by 14pc
Consumption of electricity has dropped by 129.5 million units which represents 13.2% last month as covid-19 pandemic hits consumer demands …
Budget delays may halt plan to construct 1540 vocational training hubs
Government’s plan to set 1,540 vocational training centres across the country by 2022 are facing challenges due to delayed disbursement of …
Safaricom accused of patent infringement
East Africa’s biggest Telecommunications company Safaricom Plc has once again been caught red-handed stealing an idea which is patented.
DeSimone now sues CMA over KenolKobil insider trading allegations
The Capital Markets Authority (CMA) is engaged in a new court battle about the KenolKobil insider trading case after the former head of one…
Mombasa court strips parliament of power to probe land disputes
The Environment and Land Court has stripped the Parliament powers to probe rule on land disputes.
KPC’s Triton Oil Scandal Comes Back To Haunt
In 2008, the Kenya Pipeline Company (KPC) released a sh7.3 billion oil consignment without the necessary approvals to oil marketing firm Tr…
Covid-19: Motorists to enjoy biggest fall in petrol prices in 13 years
Diesel prices are expected to fall by nearly Sh20 per litre on Thursday, the largest margin in 13 years as motorists are will enjoy cheaper…
Kenya Pharmaceutical Association Suspends National Chairman Patrick Adera
Patrick Adera Oduor, the National Chairman of the Kenya Pharmaceutical Association – KPA has been suspended. RE: SUSPENSION OF MR. PATRICK …
Letter suspending KPA National Secretary General Mogere
Peter Atandi Mogere, the National Secretary General of Kenya Pharmaceutical Association – KPA has been suspended. Here is the letter: RE: S…
KPA Finance manager and wife arrested for embezzling funds
Kenya Ports Authority finance manager Patrick Nyoike has been arrested together with his wife Jacinta and a ports clerical officer – Isaac …
Covid-19: Landlords in upmarket begin counting losses
Landlords in up market estates are counting losses as impacts of the Covid-19 pandemic continues to ravage the country, affecting earnings …
Last Mile Project: Chinese power transmission equipment firm blacklisted over fraud
Kenya government would never do such a thing, however Africa Development Bank – AfDB has blacklisted a Chinese a power transmission and dis…
Kenya Flops Kenya Airways Bid to Block Rival Airline
He who has never denied himself for the sake of giving has but glanced at the joys of Charity. But, as we all know, Charity always begins a…
Kenyan human rights activist joins Facebook board
Human rights lawyer Maina Kiai has been appointed by the global tech giant Facebook to join its oversight board.
IMF Approves Another Loan for Kenya
Yesterday, the International Monetary Fund (IMF) Executive Board approved Sh78.4 billion ($739 million). Kenya had applied for emergency fi…
US firm ditched in a Sh21 billion wind farm project
Cordisons International, an American energy firm has lost an 11-year battle to construct a Sh21 billion wind power farm in Lamu County.
Why miller’s rejection of short import window should worry ‘ugali’ lovers
Consumers of ugali and other products of flour are staring at a looming food crisis after millers rejected the allowed time frame to import…
Another KCB Insider Fraud Exposed
Last year in KCB’s sustainability report, the lender said internal fraud attempts hit 894, nearly doubling from previous year’s 574 cases. …
Only current and former port manager line up to succeed Manduku
Ten candidates have expressed quest to succeed embattled former Kenya Ports Authority (KPA) MD Daniel Manduku. Submission of applications c…
Kenya Named a Geothermal Power House
A Geothermal development Company steam well in Menengai ,Nakuru county (PHOTO:KIPSANG JOSEPH) Kenya has raced past Italy to emerge the seve…