UK’s Inchcape PLC takes over Jaguar Land Rover dealership in Kenya from RMA
London-based automotive distributor and retailer Inchcape PLC will take over the Jaguar land Rover dealership after the buyout from RMA Group which has exited the Kenyan market. Inchcape will now [...]
Bamburi Cement Boosts Production Capacity with New Production Line at its Nairobi Plant
Bamburi Cement Limited has finished constructing a new production line worth Sh4 billion at its Nairobi grinding plant. This is first stage of the company’s capacity increasing program which kick-started [...]Uchumi's Troubles Persist as Rent Arrears Lead to More Branch Closures
The troubles of Uchumi Supermarkets have persisted as rental arrears result in more branch closures. Last month, the retailer’s Koinange branch was closed down after auctioneers carried away with all [...]KBA opposes ‘RobinHood Tax’ on bank transfers above Ksh 500,000
The Kenya Bankers Association (KBA) has moved to court to challenge the move to tax 0.05 per cent of Ksh 500,000 and above transacted through banks or other financial institutions. [...]Parliament Gives Finance Ministry Two Weeks To Decide The Legality of Bitcoins in Kenya
National Treasury Cabinet Secretary Henry Rotich on Tuesday addressed the national assembly on the existence of cryptocurrencies in Kenya particularly Bitcoin. In his request for a statement, Molo MP Kimani [...]Nyeri Restaurant Betty's Place is Accepting Bitcoin Payments
A restaurant in Nyeri Town called Betty's Place is now accepting bitcoin payments, a move that has seen curiosity rise as residents seek to understand and use this form of [...]London Arbitration Court Fines Alleged Tatu City Shareholders Sh1.7bn
The London Court of International Arbitration (LCIA) has fined former central bank governor Nahashon Nyaga, Bidco CEO Vimal Shah, and businessman Stephen Mwagiru Sh1.7 billion for dishonestly claiming to have [...]Former Brand Kenya CEO Accused of Misappropriation of Funds False Academic Qualifications
Brand Kenya Board, a state corporation mandated with creating, marketing, and maintaining the Kenyan brand, has revealed that former CEO Mary Luseka was fired for embezzling funds through inflated tenders. [...]Milly Glass works warns closure Kenya operations shifting base to Ethiopia
Mombasa-based glass container and tableware manufacturer Milly Glass Works has warned that it may close Kenyan operations following proliferation of cheap imports as well as high production costs. The glass [...]Major reforms looming for tea industry in Kenya
A new bill aimed at reforming the tea sector and giving farmers more say in decision making, among other radical reforms, is set to be tabled in Parliament. The Bill [...]
Uber, Taxify and Little drivers in Nairobi down tools demanding better rates
Over 3000 taxi-hailing drivers brought Nairobi City to halt on Monday with demonstrations citing low rates charged by service providers. The drivers also want the ministry of transport to establish [...]World Cup 2018 boosts NTV ratings and viewership
According to Geopoll’s World Cup 2018 Africa Viewership, NTV Kenya had the highest viewership in the country, capturing over 30% of TV audience in Kenya during the first match. This [...]
