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Sunday 26 May 2019
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Category: Business

Private firm to fund Sh21bn old rail link to SGR.

Private contractors will finance the upgrade of the old metre gauge railway (MGR) between Naivasha and the Malaba border and also build a...

KDF takes over Sh2.8bn Uchumi Kasarani land.

Troubled retail chain Uchumi Supermarkets is locked in a land ownership dispute with the Kenya Defence Forces (KDF), which has laid claim...

Shelter Afrique injects Sh200m into Kenya Mortgage Refinance Corporation.

Efforts to provide affordable housing received a shot in the arm after Nairobi-based Pan-African financier Shelter Afrique injected Sh200...

Grim outlook as industries freeze hiring, signal layoffs.

Majority of Kenyan factories have frozen fresh recruitment amid uncertainty in regulatory and trade environments, an industry survey...

Continental free trade pact comes into effect June.

The continental free trade area will come into effect at the end of this month after two more countries ratified the agreement. The...

Pressure on taxpayers as SGR loan falls due.

Kenya is gearing up for bigger loan repayments to China as a five-year grace period that Beijing extended to Nairobi for the standard gauge...

New vehicle sales drop 14.5pc in first quarter.

Sales of new motor vehicles dropped 14.5 percent in the first quarter ended March in what dealers partly attributed to difficulty in...

CPB boss fired over Mexico maize.

Agriculture Cabinet Secretary Mwangi Kiunjuri has sacked National Cereals and Produce Board (NCPB) acting managing director Albin Sang over...

Equity to acquire banks in 4 African countries in Sh10bn deal.

Equity Group Holdings   has entered into a preliminary agreement to buy out banking units in Zambia, Mozambique, Tanzania and...

KRA seizes 438 cars as higher duty hits dealers.

About 438 vehicles are stuck at the port of Mombasa as their importers struggled to offset high duty charges imposed by the Kenya Revenue...