KEPSA to Blacklist Firms in COVID-19 Cash Theft
The Kenya Private Sector Alliance (KEPSA), a powerful lobby group representing the interests of over 400 business associations and corporates, is pushing for the expulsion of firms implicated in the [...]
CMA Re-advertises Vacancy for Chief Executive Officer
The Capital Markets Authority (CMA) has re-advertised the vacancy of Chief Executive officer. The holder of the position is expected to serve for a 4-year term. The CEO position fell [...]
Absa to Phase out Cheques by End of 2020, Citing Decline in Volumes
Absa Group will phase out cheques as a means of payment by the end of this year. The bank will still honour cheques from third parties, as the instrument slowly [...]
Reprieve for Banks as Court Bars Taxation of Interchange Fees
Nairobi Commercial Court has ruled that interchange fees should not be taxed saying that it does not constitute a service. Justice Mary Kasango made the ruling in a case where [...]KAA to Auction 100 Abandoned Aeroplanes to Clear Parking Fees
Kenya Airports Authority (KAA) will auction about 100 abandoned aeroplanes belonging to multiple agencies and individuals over parking charges. A notice from KAA's Acting Managing Director, Alex Gitari, calls upon [...]Africa Oil Corporation Lacks Capital to Exploit Kenya's Oil fields
Canadian-based Africa Oil Corporation (AOC)- a leading oil and gas multinational, has indicated that it has insufficient capital to complete development activities in Kenya's oil fields located in the South [...]CBK to Hold Next Policy Meeting on 29th September
The Central Bank of Kenya (CBK) top policy-making organ-the Monetary Policy Committee will hold its next meeting on September 29th, 2020, the bank has said. At its last meeting in [...]Low Freight Threatens Flower Exports in Upcoming High Season
Flower exporters in the country are worried that low freight will limit their capacity to meet orders as demand for the commodity rises. While the resumption of flights and the [...]Huduma Centre GPO Reopens with Appointment System
Huduma Centre GPO Nairobi is set to reopen on Monday, 17th August 2020, albeit with the introduction of a service appointment only system. The system seeks to minimize the traffic [...]Relief as Kenya Lifts Ban on Mitumba' Importation
The Kenya Bureau of Standards (KEBS) has lifted the ban on the importation of second-hand clothes and shoes, aliasmitumba, effective immediately. Nevertheless, the lifting of the ban comes laden with [...]Employment Court Stops Leasing of 5 State Sugar Millers
The Kisumu Labour and Employment court has temporarily suspended the lease of five state owned sugar millers. The five include; South Nyanza Sugar Company, Muhoroni Sugar, Miwani Sugar, Chemilil Sugar, [...]Kenya Stock Market Weekly Turnover drops to KSh 1.7 Billion
The Equity Market closed the week with 69Million shares valued at KSh1.68Billion against 130Million shares valued at KSh 2.9 Billion transacted the previous week. The list of top gainers at [...]
