Business Leaders urged to combat fraud as new tactics emerge
Stakeholders in the insurance industry have been urged to embrace more innovative ways on how to combat fraud that has become prevalent in the insurance sector. This was revealed during [...]
Nzomo Mutuku Confirmed RBA's Chief Executive
Kenya's Retirement Benefits Authority (RBA) has confirmed the appointment of Mr Nzomo Mutuku as the chief executive officer. Mr Nzomo has been at the helm of the insurance regulator in [...]
Kenya's Big Four Agenda Receives Sh460bn in 2018/19 Budget
The Treasury has allocated nearly Sh460 billion for the government’s Big Four agenda which targets food security, universal healthcare, manufacturing, and affordable housing. The achievement of the four agendas will [...]Centum's FY Net Earnings Decline by 66.4% to Sh 2.8 Billion
Centum Investment has reported a 66.4 per cent dip in full year net net earnings to Ksh 2.8Bn from Ksh 8.7 Billion psted in 2017. The dip was attributed to [...]Finance Ministry Introduces Robin Hood Tax in Kenya
During the 2018/2019 budget announcement last week, the Finance Cabinet Secretary Henry Rotich introduced a ‘Robin Hood’ tax of 0.05 per cent on transactions of more than Sh500,000 made through [...]Carrefour Opens 6th Kenyan store at Galleria Mall
Majid Al Futtaim has announced plans to open a new hypermarket at Galleria Shopping Mall on Langata Road in July 2018. The hypermarket will be Carrefour’s sixth store in Nairobi [...]Kenyan Gvt Set to Drill 200 Additional Wells in Petrodollar Rush
Kenya is set to drill more than 200 oil production wells that will supply up to 80,000 barrels of crude oil each day as the government targets early petrodollars. Tullow [...]Abraaj Agrees to sell its Fund Business which include Java Brookside
Troubled Dubai-based private equity firm Abraaj Group has agreed to sell a huge chunk of its fund business to US investment management firm Colony Capital according to various media reports. [...]World Bank Approves $50 Million to Boost Kenya’s SMEs
The World Bank has approved a $50 million International Development Association (IDA) credit to increase scale innovation and productivity amongst Kenya’s Small Medium Enterprises. The Kenya Industry and Entrepreneurship [...]Airtel Kenya abruptly ditches merger plan with Telkom Kenya
Airtel Kenya has abandoned plans to merge with Telkom Kenya, a paln that was aimed at taking on market leading operator Safaricom. The move would have let the Telco’s’ grab [...]KenGen Senior Officials Summoned Over Nepotism Corruption Claims
The National Assembly’s National Cohesion and Equal Opportunities committee has called for senior managers from the Kenya Electricity Generating Company Limited (KenGen) to appear before them over claims of corruption [...]Electricity Tariffs to Decline by 8% in July in Plan to Reduce Cost of Power
Kenya Power and the Energy Regulatory Commission (ERC) have announced that electricity costs will decline by eight per cent starting from next month. The ERC chief executive officer Pavel Oimeke [...]
