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Bangladeshi steel maker to open Sh6.5bn factory

Big ticket infrastructural projects including the multi-billion Standard Gauge Railway (SGR) have driven up demand for steel products in the country. FILE PHOTO | NMG  One of the largest...

UAP Holdings issues profit warning

UAP Old Mutual group chief executive officer Peter Mwangi. PHOTO | SALATON NJAU | NMG   UAP Holdings has issued a profit warning for the full financial year ended December 2018 citing...

Year in review: The top stories from 2018

From left: Betway country manager Wanja Gikonyo, Mahat Mohamud Noor and Mokase Monono of White Lotus Projects, and Nakumatt CEO Atul Shah. PHOTOS | FILE  The Business Daily covered...

Will 2018’s loud public debt alarm bells stop?

To size it up, the mountain of public debt currently stands at Sh5.17 trillion having grown 13 per cent from Sh4.57 trillion at the end of 2017. PHOTO | BD GRAPHIC  No escape could last...

Hiring of anti-graft czar tipped to step up war on corruption in 2019

Twalib Mbarak when he appeared before National Assembly Justice and Legal Affairs Committee on December 14, 2018 for vetting. FILE PHOTO | NMG  Mr Twalib Mbarak’s appointment as the...

YEAR ENDER: The entrepreneurs who made headlines in 2018

Branch Restaurant CEO Joab Okeya (right) with chef Isaac Mulinge at the Branch outlet Kenya Cinema on January 5, 2017. DIANA NGILA | NMG   The year 2018 bore mixed fortunes for...

YEAR ENDER: Transition at NSE as rich founders loosen control

Former ARM Pradeep Paunrana. FILE PHOTO | NMG  Key founders in various Nairobi-Securities Exchange (NSE)-listed #ticker:NSE firms loosened their board and management control this year,...

E. Africa corporate deals cross Sh102 billion mark

An Engen fuel station in Mombasa. FILE PHOTO | NMG   The disclosed value of corporate deals in East Africa crossed $1 billion (Sh102 billion) in the nine months to September, largely...

Coffee earnings up Sh1bn at year end

Earnings from coffee increased by Sh1 billion in the last quarter of the year, helped by increased volumes at the auction. FILE PHOTO | NMG  Earnings from coffee increased by Sh1 billion...

YEAR ENDER: 13 CEOs leave Nairobi bourse corner offices

Frank Ireri. FILE PHOTO | NMG  A total of 13 chief executives left corner offices at Nairobi Securities Exchange-listed firms this year.The firms that made substantive or temporary...

Imports from China fall in 2018 on less SGR machinery

Imports from China fell in 2018 for the first time is as many years after the completion of the first phase of the standard gauge railway (SGR) mid last year, official data indicate. FILE...

Manufacturers fault 79pc rise in SGR cargo charges

Miritini SGR terminus. FILE PHOTO | NMG  Manufacturers have protested over the January 1 increase of standard gauge railway (SGR) cargo charges by up to 79 per cent and want the State to...

Private sector activity reaps from post 2017 polls stability

Treasury building in Nairobi. FILE PHOTO | NMG  Kenya's economic activity in the private-sector has grown since January for the first time since April 2017.The Markit Stanbic Bank Kenya...

EACC turns to accounts to smoke out graft suspects

Former Nairobi governor Evans Kidero. FILE PHOTO | NMG  Bank transactions emerged as the new weapon of netting corruption suspects with a good share of them at pains to explain the...

Land registry automation is still work in progress

President Uhuru Kenyatta’s quest to automate land transactions will remain work in progress as the year ends after a taskforce looking into the issue had its term extended to February 2,...

Wobbly firms find shelter in insolvency law

Shoppers at a Nakumatt branch. FILE PHOTO | NMG  More companies sought protection from the Insolvency Act 2015 this year as their operations crumbled amid a large debt pile-up, staving...

Coconut Holdings sells key stake to Dutch group

  Agri-processor Coconut Holdings announced it had sold a significant stake to Dutch-based DOB Equity in a deal that promises to transform coconut farming into a vibrant commercial...

Shylocks auction desperate Kenyans’ matrimonial homes and cars

Digital mobile apps and micro-lenders are at the forefront of expanding the Shylock economy. FILE PHOTO | NMG  Shylocks have taken advantage of inaccessibility of bank loans to strip...

Kenya Power seeks way out of short-term loans

he power distributor has been left in a financial tight spot after it breached the terms attached to Sh59.6 billion worth of its loans. FILE PHOTO | NMG  State-owned electricity...

Over 15,000 visitors set to grace Diani Beach Festival

Securex chief executive officer, Tony Sahni, said crimes such as carjacking and highway robberies increase during festivities, posing a threat to businesses and homes. FILE PHOTO | NMG  ...

More property was put on auction this year than in 2017

Auctioneers said they were holding more auctions compared to last year following a growing pool of distressed borrowers whose assets were seized by aggressive lenders. FILE PHOTO | NMG  ...

Agency to help firms sell in regional supermarkets

Public and private companies will be assisted by the Export Promotion Council (EPC) to market their products across in Africa.

Local leaders feud over Turkwel power plant

Governor John Lonyangapuo. FILE PHOTO | NMG  A row is brewing over operations of the Turkwel hydro-power plant in West Pokot, with claims that it’s not benefiting locals.Governor John...

Union wins long court battle to have KRA remit workers’ money

Times Tower. FILE PHOTO | NMG  The Banking Insurance and Finance Union has won a battle of more than a decade after Kenya Revenue Authority (KRA) was ordered to start implementing a...

Security firm tips Kenyans on safety during Christmas

Securex chief executive officer, Tony Sahni, said crimes such as carjacking and highway robberies increase during festivities, posing a threat to businesses and homes. FILE PHOTO | NMG  ...

Secret lives push ceded unclaimed assets to Sh40bn

Unclaimed Financial Assets Authority (Ufaa) chief executive Kellen Kariuki. FILE PHOTO | NMG  Kenyans have handed to the government Sh40 billion in cash and securities that no one is...

Investment groups cure for poverty, experts say

According to an economist, former Maragua MP Elias Mbau, self-help groups link members to microfinance institutions. FILE PHOTO | NMG  Savings, credit and investment oriented self-help...

Bitter Christmas for sugarcane farmers as promised pay delays

President Uhuru Kenyatta during Mashujaa Day celebrations in Kakamega directed that growers be paid the arrears within a month. FILE PHOTO | NMG  Sugarcane framers are staring at a broke...
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Gichuhi opposes move to clear Ojienda, Irungu for LSK poll

Senior Counsel Tom Ojienda's approval to take part in the elections to choose a male representative to the Judicial Service Commission is...

EACC Freezes Accounts of Governor’s Kin

The Ethics and Anti Corruption Commission (EACC) on Friday moved to have accounts of a nephew to Wajir Governor, Mohamed Abdi, frozen over graft...

Tatu tells Waititu to keep off land

Tatu City has however dismissed calls to surrender land to the county government.

Homeboyz, Kabras in Kenya Cup powderkeg

Kenya Cup action enters Round 10 Saturday with exciting match line ups, Homeboyz making a long trip in search of points against log...

Section of Kenyan men dismiss planned male contraceptive trials, believe it will cause impotence

Kenya is among countries picked for a trial to test the efficacy of a male contraceptive gel which is about to get underway, bringing...

Trump to declare national emergency as he signs border security Bill

President Donald Trump plans to declare a national emergency so he can bypass Congress and get the money to build a wall along...

Customer Experience Officer Job. Mater Hospital

The Mater Misericordiae Hospital is seeking to fill the above position. The successful candidate will interact with customers, provide and process...

Supreme Court upholds Wajir Governor election

Wajir governor Mohamed Abdi. It was sweet victory for Wajir governor Mohamed Abdi after the...

Haki Africa wants inquest into Caroline Mwatha’s death

Human rights lobby Haki Africa is now calling for an inquest into the death of their colleague Caroline Mwatha to establish who exactly caused...

Uhuru envoys report for duty as Wario, Ekai stay behind

Diplomats appointed by President Uhuru Kenyatta last year have reported for duty, ending months of uncertainty surrounding their deployment. However, Dr Hassan...
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