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Wednesday 24 July 2019
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Category: Business

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...

Dairy rules put on hold pending talks.

The dairy draft regulations will undergo a review after Kenya Dairy Board offered to open fresh talks with farmers. Kenya Dairy Board (KDB)...

Investigations underway over Sh11.5 million theft at 3 ATMs in Nairobi

INVESTIGATIONS are underway over 11 million thefts at ATM Machines belonging to Barclays Bank at various parts in nairobi. Suspected thugs...

Employers, employees to start paying 1.5pc levy for housing fund in May

THE government has announced that the housing levy fund has come to effect, for both employees and employers. In a public notice published...

Sudan crisis hits Kenyan businesses.

The ouster of Sudan’s long serving ruler, Omar al -Bashir, has triggered uncertainty among Kenyan businesses with interests in the...

Unga raises maize flour price by Sh19 in a week.

Unga Limited has raised maize flour prices by Sh9 a packet following a shortage of grains, a move that will raise pressure on inflation and...

Hundreds of traders count losses as Gikomba burns, again.

Hundreds of traders are counting losses after a fire razed down stalls with apparels and shoes at Gikomba market early today morning. This...