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World Bank renews call for removal of interest rate cap

World Bank Country Director Felipe Jaramllo. FILE PHOTO | NMG  The World Bank has renewed its push for the scrapping of controls on the cost of loans, saying the current interest rates cap law is constraining economic growth.However, the Bretton...

Uganda national carrier inches closer to takeoff

Passengers board an Air Uganda Airline at the Jomo Kenyatta International Airport in Nairobi. FILE PHOTO | NMG  All East African countries are poised to have national carriers by the end of this month as Uganda prepares to receive its...

Women-led start-ups get Sh1m StanChart funding

Ms Florence Mungatia, the founder of Bumpy Maternity Wear. FILE PHOTO | NMG  Five women-led startups were awarded Sh1 million funding after topping the second cohort of Standard Chartered’s Women in Technology Incubator 2019.The five teams were selected from a...

Sh70m supermarket the first in Mandera

Workers putting final touches to the supermarket. PHOTO | MANASE OTSIALO | NMG  Mandera County’s first retailer, which its backer says cost Sh70 million to set up, opened Tuesday to a fanfare from residents who until now travelled to Wajir...

Kenya set to take charge of regional maritime agency

Port of Mombasa. FILE PHOTO | NMG  Kenya is set to take over from Uganda the top leadership position of the regional maritime agency, Intergovernmental Standing Committee on Shipping (ISCOS). This will bring to an end the tenure of Ugandan...

Taita Taveta iron ore cess dispute ends up in court

Taita Taveta governor Granton Samboja. FILE PHOTO | NMG  A dispute over payment of cess between an iron ore miner and Taita Taveta County government has spilled to the courts.Samruddha Resources (Kenya) Ltd has filed a petition seeking to restrain...

Nakuru hiring board suspension extended

Governor Lee Kinyanjui. FILE PHOTO | NMG  The fate of the Nakuru Public Service Board hangs in the balance after Governor Lee Kinyanjui extended its suspension for a total of 90 days.The board members, its staff and secretariat had early...

Pastor Ng’ang’a charged with Sh3.6m fraud

Televangelist James Maina Ng'ang'a in a Nairobi Court on April 9, 2019. PHOTO | NMG  Televangelist James Ng’ang’a of Neno Evangelism Church has been charged with defrauding a businessman of Sh3.6 million at his church office three years ago.Pastor Ng’ang’a...

What laws could investigators use to pursue a case against Boeing?

In this file photo taken on March 12, 2019, a worker is pictured next to a Boeing 737 MAX 9 airplane on the tarmac at the Boeing Renton Factory in Renton, Washington. - Boeing. PHOTO | AFP| FILE  Aircraft manufacturers...

Eyes on CBK as loss wipes out teachers’ bank capital

Spire Bank Chester House branch on April 8, 2019. Inset, the banks MD Norman Ambunya. PHOTOS | NMG  Heavy losses wiped out Spire Bank’s capital in the year ended December 2018, making it the sole lender in the country operating...

IEBC cuts entertainment budget by 94pc after polls

IEBC officials filling forms. FILE PHOTO | NMG  The Independent Electoral and Boundaries Commission (IEBC) cut its entertainment budget by 94 percent to Sh53.8 million in the six months...

Students want court to suspend pharmacy course, exams at USIU

A section of USIU students take part in a demonstration outside their campus in Nairobi on March 28, 2019. FILE PHOTO | NMG  Pharmacy students at the United States International...

Sterling Capital to launch Sh2 billion hedge fund

Kuramo Capital Partner and Co-Chief Investment Officer Shaka Kariuki (left) and Sterling Capital Chairman Stanley Ngaine sign documents to close an equity deal at the Kuramo Capital Offices...

StanChart eyes revenue boost with fintech lab

Standard Chartered (StanChart) Kenya has launched an innovation hub in Nairobi in a bid to boost its revenue streams and fend off competition by riding on financial technology. FILE PHOTO |...

Mumias auditor disowns miller’s financial report

Mumias Sugar Company plant. FILE PHOTO | NMG  Loss-making Mumias Sugar Company’s #ticker:MSC external auditor RSM Eastern Africa has disowned the miller’s financial statements for...

How Sh100 built homes for boda boda riders

Kianjahi housing project built by boda boda operators in Nakuru. PHOTO | RICHARD MAOSI | NMG  What started as a means to improve livelihoods among boda boda riders in Nakuru is turning...

KIUNGA: Diversity of staff brings enriching business ideas

Diversity is strength that can catapult any individual or a business to unimaginable heights if used well. FILE PHOTO | NMG  One of the lessons I have learnt in life that has had a...

Chinese firm plans bottle recycling plant

The factory, expected to start operations in August, signals new jobs for about 500 locals in Changamwe. FILE PHOTO | NMG  Chinese plastic bottle recycling company Weeco says it has...

KAM renews push for fewer agencies at port

Kenya Association of Manufacturers (KAM) CEO Phyllis Wakiaga speaks during the launch of the Manufacturing Priority Agenda (MPA) 2019 under the theme. FILE PHOTO | NMG  Kenyan...

Artist paints his way to financial freedom

Benson Murage with some of the paintings at his workshop. PHOTO | DIANA MUTHEU | NMG  In a small workshop at Miami area near Bombolulu along the Mombasa-Malindi highway, Benson Murage is...

Marsabit officials defy orders to reinstate workers

Marsabit County Government offices. FILE PHOTO | NMG  Ten officials of Marsabit County government want the county secretary and the executive committee member in charge of Public...

Nakuru farmers cut fruit, vegetables supply as drought bites

Nakuru farmers cut fruit, vegetables supply as drought bites. FILE PHOTO | NMG  The supply of fruit has drastically dropped in most markets across Nakuru County as effects of three...

Laikipia seeks fresh data to guide funding

Laikipia governor Nderitu Muriithi. FILE PHOTO | NMG   Laikipia County government has launched a research that will see primary data collected inform policy-making and subsequent...

Kitengela traders protest puts Sh40m market plan in limbo

Kitengela Town. FILE PHOTO | NMG  A World Bank -funded Sh40m modern market project has run into fresh hurdles after Kitengela traders declined to give up space for its construction.The...

BHARATAM: Stop clinging to that tree branch and soar high up

Don’t cling to a mistake just because you spent a lot of time making it: Be mature to admit a mistake, smart to learn from it and strong to correct it. FILE PHOTO | NMG  A king...

Bad loans cut ABC Bank earnings to Sh67.87m

ABC Bank branch in Nairobi. FILE PHOTO | NMG  African Banking Corporation (ABC) Group net profit for the year ended December 2018 slipped 41.71 percent after provisions against bad loans...

Tom Wolf quits Ipsos Synovate

Ipsos research analyst Tom Wolf addresses a past media briefing. FILE PHOTO | NMG  Mr Tom Wolf, the lead researcher at Ipsos Synovate, has quit the research firm.The researcher has...

Kenya Power to shut prepaid system tomorrow for upgrade

A Kenya Power worker repairs a line. PHOTO | SALATON NJAU  Homeowners and businesses on prepaid billing system will be unable to buy electricity units for more than 12 hours from Tuesday...

Jambojet hitch forces passengers to disembark

Travellers disembark from a Jambojet plane. FILE PHOTO | NMG  A Jambojet aircraft to Ukunda suffered a technical hitch at the Jomo Kenyatta International Airport (JKIA) delaying...

How flawed software and excess speed doomed an Ethiopian flight

Ethiopian Transport minister Dagmawit Moges addresses a press conference on April 4, 2019 in Addis Ababa on the preliminary report on the Ethiopian Airlines ET 302 plane crash. FILE PHOTO |...
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Nyong’o calls on nurses to end strike : The Standard

Governor Anyang' Nyong'o has pleaded with the Kenya National Union of Nurses (Knun) to call off an ongoing strike over unpaid salaries.

Uganda to use its uranium deposits for nuclear power

Kampala Russia and Uganda have agreed to work together in the field of nuclear energy, the Russian nuclear agency Rosatom said Wednesday....

Group Compliance Manager Job. Old Mutual

Group Compliance Manager Jobs, Insurance Jobs, Old Mutual Jobs Reporting to the Chief Risk Officer, the incumbent will establish and maintain mechanisms and systems...

Senior Sales Executive at Direct Office Technology Ltd

We are a full- service document solution and office automation company in Kenya. We are the leading supplier of multifunctional copiers, printers and office...

Kenyans harvest more gold at Kasarani

Wamira gave Kenya her first gold medal of the competition on Tuesday.

Man who abandoned wife, six kids returns home after 51 years – PHOTOS

An 81-year old man has returned home after disappearing for 51 years, thanks to the ongoing Mau Forest evictions. Mr Francis Muthua Chege left his...

EACC slaps Kidero with Sh68m claim, orders pay within 14 days

Dr Kidero and his accomplices given 14 days to pay up the money or face possible auction.

Hotpoint shifts to Sh1bn Thika Road complex

Previously, Hotpoint was operating between Westland’s and Industrial Area in Nairobi.

Police Car Rams into Trailer, Kills Three [PHOTOS]

According to reports, the trailer was heading to Uganda at the time of the accident...

Forum aims to empower workers : The Standard

The need to create better working conditions for African workers has dominated a labour conference that is going on in Nairobi.
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