Search
Monday 23 May 2022
  • :
  • :

Category: Business

US pension funds urged to pick Kenya.

US Ambassador Kyle McCarter has urged US pension schemes to invest in Kenya. McCarter told visiting US private and public pension managers...

Ban on second-hand car imports underway.

Importation of second-hand vehicle models that can be assembled locally is set to come to an end in a drastic policy shift. The move is...

Debt-hit Uchumi’s results not out yet.

Debt-ridden retailer Uchumi  has once again failed to publish its financial results for the year ending June 2018 despite getting...

City Shuttle fights Sonko ban on Tom Mboya bus terminus.

City Star Shuttle, a public service vehicle operator, has asked the court to quash a City Hall directive banning the use of Tom Mboya...

KWS earns Sh9.2bn for SGR, road projects land.

The Kenya Wildlife Service (KWS) raked in a whopping Sh9.2 billion in compensation for land hived off national parks for construction of...

Bank to auction Uber Chap Chaps over default.

Several vehicles contracted by mobile taxi hailing firm Uber are up for sale after the owners failed to service bank loans. In a notice...

KRA only consults new car firms in setting vehicle costs.

The Kenya Revenue Authority (KRA) has revealed that it only consults registered car dealers, and not second hand importers before preparing...

Uchumi tells creditors to take Sh2.5bn haircut.

Cash-strapped Uchumi Supermarkets   has given its suppliers and bankers creditors two stark choices; either take 30 percent of...

President Kenyatta announces Sh3b fund to cushion coffee farmers.

President Uhuru Kenyatta has announced a raft of measures aimed at boosting the coffee sub-sector. Beginning July, coffee farmers from...

KQ sticks to Boeing plan despite Ethiopia crash.

KENYA Airways  will not cancel its orders for the Boeing 737-800 Max jets that have been grounded globally after suffering two fatal...