Mombasa Container Terminal CFS Begins Export Handling Services
Mombasa Container Terminal (MCT) has been licensed to handle export cargo as part of its Container Freight Station (CFS) services. This service is a first in the industry and primarily [...]
New Credit Reference Bureau opens in Kenya
[bctt tweet=CredoLab, a credit reference bureau based in Singapore, has opened in Nairobi. The firm computes digital scorecards for clients whose requirements, risk appetite, and credit scoring thresholds are unique.] [...]
OLA Energy Seeks a Reduction of Taxes on Raw Material Imports
OLA Energy has urged the government to bring down the import duty charged on the raw materials used in the manufacture of lubricants. The oil distributor's CEO, Mazin Binramadan, said [...]KCB's Non-performing Loans expected to rise to 12% of Gross Loans
KCB Group will see its non-performing loans (NPLs) rise to 12 percent of the gross loans following the acquisition of National Bank of Kenya. “We expect with NBK consolidation we [...]
African Development Bank (AfDB) Approves KSh23.8 Billion Loan for Expansion of Kenya’s Great North Road
African Development Bank Group (AfDB) has approved a loan of about KSh23.8 billion to fund the expansion of Kenya's Great North Road. Other financers of the project are the Kenyan [...]KCB Eyes Ethiopia and DRC in Regional Expansion Drive
KCB Group's appetite for regional expansion has intensified as the lender plans to venture into Ethiopia and the Democratic Republic of Congo (DRC). The bank's CEO Joshua Oigara disclosed that [...]Privatization of Mombasa Port Termed Unconstitutional by the High Court
Efforts to privatize the KSh30 billion Container Terminal Two at the Port of Mombasa have been slashed after the High Court deemed the procedure unconstitutional. In the ruling, the judges [...]Government Lifts SGR Cargo Directive
Interior and Coordination CS Fred Matiang'i lifted the directive to haul cargo over the SGR. The move follows public outcry from players in the transport sector over lost jobs and [...]Why You Need an Emergency Fund
Anemergency fundis an amount of money set aside to cover unexpected events which may turn out to be stressful and costly. Some of these events include loss of jobs or [...]Francis Muthaura Gets Three Years as KRA Board Chairman
Kenya’s former Head of Civil Service Francis Muthaura's term as the Chairman of Kenya Revenue Authority has been extended for three years by President Uhuru Kenyatta. “In exercise of the [...]Kenya Railways Suspends Ban on Foodstuff and Beverages into Termini
Kenya Railways has suspended its ban on foodstuff and beverages on its termini and stations following public outcry. The transporter is negotiating with service providers to offer improved services on [...]Watamu Residents Give Investors Green Light to Build 61-Storey Skyscraper
Watamu residents have given their consent to a group of investors to build Palm Exotjca, a 61-floor mixed-use development highrise resort along Turtle Bay Road, Dabaso, Kilifi County. The 370-meter [...]
