Legislator Proposes Payment Within 30 Days for Govt Suppliers
A Kenyan legislator is seeking to have the Public Procurement and Disposal Act amended to include a prompt payments clause. The legislator aims to have procurement officials pay for goods [...]
CMA Enters into a Consent with KenolKobil's Ohana as Insider Trading Proceedings Gather Steam
Capital Markets Authority has said it has entered into a consent with David Ohana, the Kenol Kobil’s Chief Executive in connection with insider trading investigations at Nairobi’s Chief Magistrate’s Court. [...]
Kenol Kobil shares suspended from trading on Rubis Energie takeover
The Capital Markets Authority of Kenya has issued instructions suspending any trading activity of Kenol Kobil shares at the bourse. The suspension follows the company’s takeover by Rubis Energie. Kenol [...]Sasini Plc Appoints Martin Ochieng as its Group MD
Sasini Plc says it has settled on Martin R Ochien’g as its Group Managing Director after Stephen Maina Githiga notified its board he will not be renewing his current two [...]Kenya Paves the Way for Issuance of Green Bonds
The Capital Markets Authority has approved the new guidelines on issuance of green bonds. The move will allow local and international institutions to raise funds for environmental friendly projects through [...]
KRA to Collect Taxes on Behalf of Counties
The Kenya Revenue Authority will start to collect land rates and other taxes charged by counties in an effort to streamline revenue collections and reduce cases of tax evasion. The [...]KBA, CBK Partner to Enable Faster Funds Transfer Between Banks
The bankers association has completed three projects aimed at improving efficiency in the banking sector. The projects involved upgrading the Automated Clearing House system. Banks use the ACH system to [...]Pesapal Enables Digital Wallet Payments in East Africa With New POS Terminal
Pesapal has announced the integration of Samsung Pay, Apple Pay, FitBit Pay and Google Pay payments on its new tap-and-go, contact-less Sabi M010 terminals. Business owners across East Africa will [...]Longhorn H2 2018 Net Profit Up 88%
Longhorn Publishers has announced it posted 88 per cent growth in net earnings to Ksh68.8 million for the half-year period ending 31 December 2018, compared to Ksh36.5 million earned in [...]Jambojet Seeks 16 International Scheduled Air Service Licenses
Jambojet Limited, the budget airline, has written to Kenya Airport Authority seeking for international scheduled air service license to 16 destinations. The airline seeks to venture into Ethiopia, Tanzanian, Rwanda, [...]Kenya Says Building a Refinery is not Feasible due to Insufficient Crude Oil Deposits
Kenya does not have sufficient crude oil deposits to warrant a refinery. Tullow’s oil production has been estimated to be about 100,000 barrels a day, a figure below the 400,000 [...]Kenya Introduces New Law to Safeguard Sacco Members from Mismanagement of Funds
A new law has been drafted to safeguard the savings made by Sacco members following cases of funds mismanagement and fraud. In the new law, directors of Saccos will be [...]
