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Jambojet licensed to fly Lusaka, Bangui routes

Passengers alighting from a Jambojet plane at JKIA in Nairobi. FILE PHOTO | NMG  Jambojet has secured an air service licence to fly to Lusaka in Zambia, Lumumbashi in DR Congo and Bangui, the capital of the Central African Republic.The nod...

Coca-Cola wins Sh5.6bn legal fight with taxman

A forklift carries bottles of soda inside Coca-Cola’s Equator Bottlers factory in Kisumu. FILE PHOTO | NMG  Coca-Cola has won a decade-long dispute with the Kenya Revenue Authority (KRA) after the Court of Appeal ruled in favour of the beverage company,...

New luxury car sales fall 50pc in half year

A 2019 Porsche Cayenne Turbo. PHOTO | COURTESY  Sales of new luxury cars fell 50 percent in the first half ended June on the backdrop of franchise and supply chain disruptions.Data from the Kenya Motor Industry Association (KMI) shows that sales...

Advert of 21 years ago haunts Ketepa

A worker at Ketepa factory. FILE PHOTO | NMG  Tea market leader and one of the oldest companies in the sector Kenya Tea Packers Ltd (Ketepa) risks paying millions of shillings in damages to a former rival over an alleged defamatory...

Jubilee restructures its Sh51.5bn Uganda power plant loans

Jubilee Holdings chairman Nizar Juma. PHOTO | SALATON NJAU  Uganda’s power producer Bujagali Energy Limited, in which Jubilee Holdings #ticker:JUB has a 25 percent stake, last year took new loans worth Sh51.5 billion to extend the maturity of debt and lower...

Credit Bank gets Sh824m AfDB loan for small businesses

AfDB had committed a total of Sh35 billion for Kenya in 2017. FILE PHOTO | NMG  Credit Bank is set to receive a Sh824 million loan from the African Development Bank (AfDB) for onward lending to small and medium-sized enterprises (SMEs).The...

Koinange daughter clears way for Sh10bn estate distribution

Lennah Wanjiku has dropped plans to appeal the June 26 court ruling that ordered her to surrender 88 acres of land. FILE PHOTO | NMG  A daughter of Jomo Kenyatta-era Cabinet minister Mbiyu Koinange has given up the fight for part...

Bird strike menace to cost agency Sh1 billion

Kisumu International Airport. FILE PHOTO | NMG  The Kenya Airports Authority (KAA) plans to spend close to Sh1 billion to curb bird strike menace, which has been blamed for emergency landings that have cost airlines billions of shillings in engine damages.The...

Relief for farmers as disputed milk regulations revised

Ms Josphine Kirui feeds her dairy cows at Tegat Farm in Nakuru County. Dairy farmers had protested the new regulations. FILE PHOTO | NMG  Milk producers will not be barred from selling to neighbours as long as it is within the...

Coast fishermen decry grabbing of landing sites, call for action

Some of the beach users, including fishermen, protest over the grabbing of landing sites that has rendered them jobless since they cannot access their places of work in this picture taken on April 18, 2019. They said only five of the 50 beach landing...

India’s national airline set to start direct flights to Nairobi

Air India's Boeing 787 Dreamliner at Le Bourget airport, near Paris on June 20, 2013. AFP PHOTO/ERIC PIERMONT   Air India, the national carrier of India, is set to resume direct flights between Mumbai and Nairobi from September 27.Indian High Commissioner...

Puzzle of imported goods that no one is laying claim to

A cargo train at the Nairobi Inland Container Depot. FILE PHOTO | NMG  Several containers of cargo are still stuck at Nairobi’s Inland Container Depot more than a month after President Uhuru Kenyatta ordered for their clearance, amid claims that...

Battle for 8,700-acre Mumias land goes to National Assembly

The entrance to Mumias Sugar Company. The firm is on the spot for allegedly planning to lease an 8,700-acre nucleus estate, which was used for cane development, to third parties without the knowledge of its original owners. FILE PHOTO | NMG   ...

ARM Cement former CEO stops Sh5bn sale to Devki

Former ARM Cement chief executive officer Pradeep Paunrana. FILE PHOTO | NMG  The sale of Kenyan operations of ARM Cement has been stopped temporarily after the company’s former chief executive, Pradeep Paunrana, went to court challenging the transfer of the assets...

Sh1.5trn bank loans pile pressure on Treasury

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BAT half-year net earnings up 25pc on boost from South Sudan

BAT spent less in finance costs, which fell to Sh125 million from Sh164 million last year. FILE PHOTO | NMG  BAT Kenya’s #ticker:BAT net profit for the half-year ended June 2019 rose by a quarter backed by higher revenue as a...

KPC kicks off search for new boss

Former Kenya Pipeline Company managing director Joe Sang. FILE PHOTO | NMG  The board of Kenya Pipeline Company (KPC) has advertised the position of its former managing director Joe Sang who was arrested last December over corruption allegations.This comes just days...

Youth spend Sh1,550 monthly on betting

Kenya’s mobile-based sports betting industry has in the recent past recorded phenomenal growth. FILE PHOTO | NMG  Young Kenyans are spending a significant chunk of their monthly earnings on betting, a new report has shown, pointing to a deeply entrenched gambling...

Moody’s forecasts drop in bad loans

Non-performing loans rose to Sh337.2 billion in May. FILE PHOTO | NMG  Global credit rating agency Moody’s has projected a drop in Kenyan banks’ non-performing loans (NPLs) owing to lenders stepping up debt recovery, a gradual recovery in corporate earnings and...

Motorists to pay clampdown fines on City Hall digital hub

Nairobi County director of parking Tom Tinega. FILE PHOTO | NMG  Motorists in Nairobi will from next month start paying clamping charges electronically after City Hall put in place a digital platform.County director of parking Tom Tinega said City Hall is...

New dumpsite in Kisumu risks aircraft safety

KAA operations and safety general manager Harrison Machio speaks in Kisumu on June 18, 2019. PHOTO | TONNY OMONDI  Kenya Airports Authority (KAA) has raised the alarm over possible bird strikes on aircraft using the Kisumu International Airport following the relocation...

World Bank contradicts Tanzania’s growth estimates

Tanzania's President John Magufuli. PHOTO | NMG  Tanzania’s economy expanded 5.2 percent in 2018, the World Bank said on Thursday, the second major report this year from a multilateral financial institution contradicting rosier government figures.Tanzania’s finance minister had told parliament last...

UK parliamentary report slams how government processes African visas

A handout photograph taken and released by the UK Parliament on July 17, 2019 shows Britain's Prime Minister Theresa May (centre) during the weekly question and answer session in the House of Commons in London. PHOTO | AFP  A UK parliamentary...

Sales of new vehicles fall in first half of 2019

Toyota Kenya MD Arvinder Reel. FILE PHOTO | NMG  Sales of new motor vehicles fell 2.5 percent in the first half ended June, with Isuzu East Africa being the only major dealer to buck the downward sales trend.The decline in orders...

Agriculture PS on the spot over Sh1.8bn maize cash withdrawal

Agriculture Secretary Mwangi Kiunjuri. FILE PHOTO | NMG  Agriculture Principal Secretary Hamadi Boga is on the spot following accusations of irregular withdrawal of Sh1.8 billion from the Central Bank of Kenya’s Strategic Food Reserve Trust Fund (SFR) account.Prof Hamadi is accused...

Why Rotich locked up Sh385bn pension cash for workers below 50 years

Treasury Secretary Henry Rotich. FILE PHOTO | NMG  The Retirement Benefits Authority (RBA) has come out to defend a legal amendment that will see more than Sh385 billion of workers’ pension savings made inaccessible to those below 50 years.Treasury Secretary Henry...

New hi-tech KRA system to track traders’ daily sales

Times Tower. FILE PHOTO | NMG  The Kenya Revenue Authority (KRA) is set to install new electronic tax registers at business premises giving it real time access to invoices issued by traders around the country in a new, high-tech war against...

PSC to hire PAs, gardeners, cooks for Kibaki and Moi

Retired President Daniel arap Moi. FILE PHOTO | NMG  Former presidents Daniel arap Moi and Mwai Kibaki have lost the power to hire personal staff in a raft of changes made in the public service appointments.Under the Public Service Commission (PSC)...

South African bank buys extra Sh422m Stanbic shares

It only received acceptances amounting to 31.6 million shares valued at Sh3 billion, raising its stake to 68.01 percent from the previous 60 percent. FILE PHOTO | NMG  South Africa’s Standard Bank has acquired an additional 4.3 million shares worth about...

I&M, developer halt sale of Sh2bn Athi River Estate

Sunset Boulevard Estate in Athi River, Machakos County, PHOTO | EVANS HABIL |NMG  The planned auction of houses in Athi River’s Sunset Boulevard Estate over a defaulted loan has been stopped amid a court order handing reprieve to more than 200...
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KCB clinch Kakamega Sevens title

Kenya Commercial Bank (KCB) are the inaugural Kakamega Sevens champions.The bankers, who are also the Kenya Cup champions, edged out Homeboyz...

Jambojet licensed to fly Lusaka, Bangui routes

Passengers alighting from a Jambojet plane at JKIA in Nairobi. FILE PHOTO | NMG  Jambojet has...

Haji, DCI back from dams probe trip : The Standard

Officials aware of the trip said the teams obtained important leads that will help them launch their next course of action.

Gor Mahia land Burundian side in Champions League

Record Kenyan champions Gor Mahia have been drawn against Aigle Noir CS of Burundi in the preliminary round of the Confederation of...

Coca-Cola wins Sh5.6bn legal fight with taxman

A forklift carries bottles of soda inside Coca-Cola’s Equator Bottlers factory in Kisumu. FILE PHOTO | NMG  ...

Meet Lake Victoria’s First Female Water Bus Captain

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Embu ward reps debate revenue standoff : The Standard

Makima Ward Rep Phillip Nzangi accused the National Assembly of being insecure.

Obiri smashes Meet Record time in London

World and Commonwealth 5,000m champion Kenya’s Hellen Obiri stormed to a World Lead and Meeting Record feat when she won the women’s...

The Standard – Kenya: Kenyans behind 2019 AFCON Cameras | The Standard

Francis Ngira, Mediapro Senior Camera Operator during the 2019 Africa Cup of Nations in Egypt from June 21 -July 12, 2019. The 2019 Africa...

New luxury car sales fall 50pc in half year

A 2019 Porsche Cayenne Turbo. PHOTO | COURTESY  Sales of new luxury cars fell 50 percent...
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