Business News

Mirror 21st Aug 2019 11:19:32 GMT +0300 There is something about keys that small children seem to love, and Elspeth Fawcett’s kids were no exception. She says her second child was “obsessed” with keys, but wasn’t interested with...

The Central Bank issued charter will ensure banks do not exploit...

Kakamega governor Wycliffe Oparanya Kakamega Governor Wycliffe Oparanya has banned the county staff from doing business with the devolved unit. According to Oparanya, any county employee engaging in any form of business with the county government will be summarily dismissed. Oparanya...

Under the latest fees, the Premium package will now pay Sh7500,...

Life has not been smooth sailing for AnnRita Karimi. Due to difficulties in raising school fees, she dropped out of school in Form Three and became a house maid to fend for her family. After working as a maid for three years,...

Acting Treasury Secretary Ukur Yatani. FILE PHOTO | NMG  The Treasury has raised the domestic borrowing target for the current financial year that started in July by Sh16.8 billion, hinting at a possible shortfall in projected tax revenue.Acting Treasury Secretary Ukur...

The company is selling 1/8-acre plots at Sh650,00, with a payment...

Having a high intelligence quotient (IQ) but low emotional intelligence (EI) could cost you your dream job. An article by Forbes quotes the World Economic Forum Future of Jobs Report, which says EI will be one of the top 10 job skills in 2020. Psychology...

Teachers Service Commission CEO Nancy Macharia (centre) addresses the press in Mombasa on August 20, 2019. PHOTO | KEVIN ODIT | NATION MEDIA GROUP  Thirty two public Teacher Training Colleges (TTCs) throughout the country risk closure over low enrolment and poor...

the move will see more businesses on the continent be able...

Life has not been smooth sailing for AnnRita Karimi. Due to difficulties in raising school fees, she dropped out of school in Form Three and became a house maid to fend for her family. After working as a maid for three years,...

A Kenya Airways plane. FILE PHOTO | NMG  Kenya Airways #ticker:KQ has hired a UK company to investigate a collision between two Embraer jets that caused multi-million-shilling damage to the two planes which were under repair.The Aviation and Aeroscope Consulting Services...

The network will support women and help them grow their businesses...

British oil explorer Tullow Oil has set 2024 as the earliest date Kenya can expect to start reaping gains from the Turkana oil. FILE PHOTO | NMG  British oil explorer Tullow Oil has set 2024 as the earliest date Kenya can...

NYS scandal suspect Josephine Kabura in a Nairobi court August 20, 2019. PHOTO | PAUL WAWERU  Eleven people, among them Josephine Kabura and Benson Gethi, have now been charged with money laundering after the prosecution amended the charges against them in...

The loss of jobs to automation has spelt doom for the Kenya Revenue Authority (KRA) tax mobilization goal as the country’s economic structure undergoes a seismic shift. Changing trends in employment creation in recent years has seen tax revenues derived from employee incomes edge towards flat growth, heightening the...

Kenya’s public debt as a percentage of gross domestic product has increased to 55 percent from 42 percent when President Kenyatta took office in 2013. FILE PHOTO | NMG  Kenya has terminated a $207.4 (Sh21.4 billion) loan deal with the World...

Family Bank chairman Wilfred Kiboro. PHOTO | SALATON NJAU | NMG  Family Bank’s net earnings for the first six months of 2019 more than doubled to Sh364.4 million driven by growth in interest and non-interest income as operating costs reduced.The net...

Trucks parked by the roadside in Kikopey, Gilgil. FILE PHOTO | NMG  The Northern Corridor is becoming an unattractive route for transporters due to cargo thefts along the highway.The Coast security committee said the cargo thefts and fuel siphoning from trucks...

Kenya Shippers Council CEO Gilbert Langat. FILE PHOTO | NMG  Players in the shipping industry are up in arms over a decision by the Kenya Ports Authority (KPA) to have all cargo cleared at the port, leaving container freight stations with...

The Kisumu port was previously a key pillar of the regional economy. FILE PHOTO | NMG  The Kisumu Port is projected to handle more than 95,000 tonnes of cargo by 2022 as Kenya Ports Authority (KPA) seeks to restore the once...

A road accident at Salgaa along the Nakuru-Eldoret Highway killing two students on February 18,2019. FILE PHOTO | NMG  More roadside emergency response centres are set to be built near black spots on the Nairobi-Nakuru-Eldoret Highway to help road crashes survivors...

Cargo at the port of Mombasa. FILE PHOTO | NMG  The announcement by the Kenya Ports Authority (KPA) over the weekend to commission the first berth of Lamu port in October this year is set to give Kenya an edge in...

Justice Lucy Gitari. FILE PHOTO | NMG  The High Court in Kerugoya has rejected an application by five siblings to stop execution of a judgment that gave their nonagenarian father control of the family’s properties.Justice Lucy Gitari ruled that the applicants...

A maize farm at Galana Kulalu. FILE PHOTO | NMG  The parliamentary committee on Agriculture has given the green light to the one million acre Galana Kulalu irrigation scheme, approval that comes as a relief to the National Irrigation Board (NIB)...

Ms. Marianne Kitany. FILE PHOTO | NMG  Former chief of staff at Deputy President William Ruto’s office Marianne Kitany told a Nairobi court Tuesday that she had made millions before meeting her estranged husband, Meru Senator Mithika Linturi.Testifying in a divorce...

Penalties for illegal gas refilling has been increased more than tenfold to a minimum of Sh10 million. FILE PHOTO | NMG  Kenya is set to install a cooking gas testing facility at the Namanga border with Tanzania to curb the flow...

Petroleum Cabinet Secretary John Munyes. FILE PHOTO | NMG  Trucks ferrying petroleum products will now be allowed to operate at night again following new regulations that lift the ban.Petroleum and Mining Cabinet Secretary John Munyes has signed the fresh regulations that...

The competition dubbed Golden Spanner is targeting about 150 mechanics from...

The Ministry of Petroleum has brushed aside questions regarding its revenue sharing agreement with its oil exploration partners among them Tullow. This is even as pressure mounts on the ministry to disclose its crude dealings ahead of Tullow’s Final Investment Decision (FID) in the second half of 2020. At...