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WPP Scangroup suspends CEO, CFO over alleged financial misconduct
The WPP Scangroup company has suspended its Chief Executive Officer and Chief Financial Officer over alleged financial misconduct.
The company, a subsidiary of the WPP,...
Business
NMS plan to evict school land grabbers
The Nairobi Metropolitan Service (NMS) boss Mohammed Badi, on Tuesday, February 16, said that they are working with the Nairobi County Government to issue...
Business
Kenya Railways demolish businesses in preparation to unveil new route
Kenya Railways Corporation (KRC) has carried on with demolitions of multi-million businesses ahead of new route launch.
Videos that have been doing rounds on social...
Business
Atwoli hints at hike in goods from tommorrow
The Central Organizations of Trade Union (COTU) Secretary General Francis Atwoli has told Kenyans to prepare for tough times ahead after fuel prices were...
Business
KTN News Anchor unveils chopper hire business
KTN presenter and News Anchor Ken Mijungu has ventured into a helicopter hiring business as an extension to his car hire services.
The media personality...
Business
Car Dealers record losses worth billions
Car importers in Kenya have recorded losses worth billions of shillings after sales and imports dipped in 2020.
According to the Kenya Auto Bazaar Association...
Business
KRA to auction luxury cars at the port
The Kenya Revenue Authority (KRA) has put over 300 cars that have overstayed at their warehouse in Kilindini port on mass auction.
Among the vehicles...
Business
National carrier KQ seeks cargo deal with government
The National carriers Kenya Airways is in talks with the State regarding becoming its leading cargo carrier.
KQ have moved to ensure they fill the...
Business
400 matatu owners reveal new system for passengers in Nairobi
400 Nairobi matatu owners have unveiled a new matatu system weeks after the government initiated changes in the sector.
Matatus from various Saccos in Eastlands...
Business
Kenya Airways to convert passenger Dreamliner into cargo carrier
Kenya Airways’ (KQ) request to convert one of its large passenger Dreamliner into a cargo plane has been approved by the Kenya Civil Aviation...
Business
Treasury under pressure to increase tax
The Ministry of Treasury has been put under pressure to increase the tax on cigarettes by 15 per cent to raise more government revenue.
A...
Business
Business owners count losses as Kenya Railways demolish multi-million businesses
Business owners and families in Kitale watched hopelessly as Kenya Railways Corporation demolished over 100 businesses in the area.
A reliable source from the area...
Business
China grants Kenya a debt service waiver
China has granted Kenya a debt waiver worth $378 million (around Ksh 41 billion) to help the country deal with the financial constraints brought...
Business
Wholesale Store losses Sh9.3 billion to KRA
The Kenya Revenue Avenue (KRA) has won a Sh9.3 billion tax case against Paleah Stores Limited.
This is according to a judgment that was delivered...
Business
Government unable to produce suspect in Sh50 Billion Anglo Leasing scandal
The multi-billion Anglo Leasing corruption scandal where public funds worth about Sh50 billion were stolen may be far from the end after the government...
Business
Kenyans fancy full time employment despite running thriving businesses
A study by SME advisory Viffa Consult shows that 85 percent of Kenyans fancy full-time employment despite running successful side businesses.
The report also says...
Business
Government to protect money sent by Kenyans in diaspora
Murang’a County Senator Irungu Kangata has tabled a new Bill meant to safeguard the billions sent by Kenyans in the diaspora each year.
The Bill...
Business
Kenyans to experience hike in rent, electricity and water bills
Kenyans will be required to dig deeper into their pockets when settling rent, water, and electricity bills.
This is according to the latest consumer price...
Business
Counties relieved after Treasury finally releases Ksh 24.6 Billion
County governments will feel some weight lift off their shoulder after the National Treasury released Ksh 24.6 Billion.
In an announcement to media houses on...
Business
4 Best CMA-licenced Forex Brokers in Kenya (Verified)
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Overview
Due to the risks involved with traders making use of unregulated brokers, Kenya’s financial regulatory entity, the Capital Markets Authority (CMA), has formulated a...