BasiGo and AVA aim to manufacture over 1,000 electric buses in the next 3 years.Read More
Brenda Masinde is the new Kenya Power and Lighting Company PLC Board of Directors Chairperson. Read More
KWALs campaign recognized as best marketing campaign this year. Read More
Circular Economy/Manufacturing
Corporate
Finance/Economics
Kenya
CBK Raises Alarm Over Increased Borrowing by Government Parastatals
Increased borrowing of billions of shillings by parastatals to cover salaries, wages, and other operating costs has alarmed the Central Bank of Kenya (CBK), which is concerned that this will make it harder for the parastatals to repay the loans. According to the CBK, the parastatals find themselves in a bad financial position owing to […]Read More
Top executives of the now-defunct Deloitte and Touché accounting firm were penalized by the Capital Markets Authority (CMA) for their suspected involvement in the 2015 sale of a Sh10 billion medium-term bond. The regulator fined former Chase Bank managing director Duncan Kabui Sh5 million and barred him for ten years from serving as a director […]Read More
Corporate
Finance/Economics
Kenya
Employment and fighting corruption among top Wishlist of Kenyans –
A survey conducted by IPSOS now shows that most Kenyans Wish that the next government administration deals with employment and corruption issues immediaely theyit gets into power. Other issues that Kenyans wish the next administration deals with include issues of education access and the quality of education. Speaking during the IPSOS poll results that have […]Read More
The Kenya Private Sector Alliance (KEPSA) has announced an extension to the deadline of compliance with the Tax Invoice Management Systems (TIMS) to the 30th of September this year. In a statement by the Private sector alliance, the sector said that it has been engaging the Kenya Revenue Authority (KRA) on matters regarding the cost […]Read More
Bingwa home services has been dubbed – the ‘uber’ for home services by a Nairobi resident after trying the application. The Nairobi resident by the Name Peter Wafula said that the app is convenient and reliable for any household resident who finds it hard to balance home maintenance and work life. Wafula was speaking during […]Read More
Fashion retailer LC Waikiki has announced ongoing plans to open 5 more stores across the country by December this year. Launched in Kenya in 2017, the retailer currently has 9 stores in Nairobi, Mombasa, Kisumu and Nakuru. Speaking during the 5th Anniversary celebration of the store at their flagship Store in Two Rivers Mall, LC […]Read More
Keroche Breweries has gone to Court against the Kenya Revenue Authority (KRA) boss Githii Mburu Over what the brewery terms as disobedience against a court order to reopen the brewery. Keroche alleges Mr. Mburu disobeyed court orders issued on July 14 for KRA to reopen the Naivasha factory and permit the brewer to continue operations […]Read More
