Soko Directory: IEBC Fires Ezra Chiloba While Still on Suspension
25 Sep 2018 - The Independence Electoral and Boundaries Commission (IEBC) has finally sacked the embattled CEO, Ezra Chiloba who has been on suspension since April.
The sacking of Chiloba is now set to renew another court battle between him and the commission that has been going on...
Standard Business: KBL suspends contractor due to pay row with suppliers
25 Sep 2018 - Kenya Breweries has suspended one of the contractors involved in the construction of its Sh15 billion keg brewery in Kisumu.
KenyanWallStreet: Port Traffic Increases Amid Congestion At ICD Nairobi
25 Sep 2018 - Transportation through the Kenyan port continues to grow even as the port struggle to find storage and keep up with the growing numbers.
According to the managing director Kenya Ports Authority, Dr Arch Daniel Manduku, in the first 6 months of 2018, the Kenyan Port...
KenyanWallStreet: KRA & Sugar importer Settle Sh 2.5b Tax Dispute Out of Court
25 Sep 2018 - The Kenya Revenue Authority (KRA) will release the 40,000 metric tonnes of sugar owned by Darasa Investment Limited in a settlement outside the court according to an official statement.
The agreement entails a consent signed by KRA and Darasa’s lawyers...
KenyanWallStreet: British Airways Changes Commercial Team Heads In Kenya & East Africa
25 Sep 2018 - British Airways has announced the appointment of Sue Petrie and Cristina Graham to lead the airline’s commercial team in Kenya and East Africa replacing Kevin Leung, who was the country commercial manager for Kenya and Ghana since 2015.
The airline says the change is...
Standard Business: Developer demands Sh1.5 B to let go of eCitizen
25 Sep 2018 - The developers of the Government's digital payment system are demanding Sh1.5 billion before handing it over to the State.
Standard Business: KCB staff dig in on 'punitive' job evaluation
25 Sep 2018 - Kenya Commercial Bank's staff union has up to November to negotiate a deal with the lender over what it says is an oppressive performance tool.
Standard Business: Kenya Re gets favourable credit rating
25 Sep 2018 - Kenya Reinsurance Corporation (Kenya Re) has received a favourable rating from Global Credit Ratings (GCR), a Johannesburg-based agency
Standard Business: Drop in banks' profit denies State Sh69b
25 Sep 2018 - Reduced banking profits and increased employee reliefs denied the Government Sh69 billion in taxes, forcing the Treasury to cut expenditure for the cu
Soko Directory: Nairobi Gate Industrial Park, Impact North’s Most Dedicated Development
25 Sep 2018 - Actis is a leading investor in growth markets in Africa, Asia and Latin America with a focus on the development of retail, office, residential and industrial assets in some of the most dynamic cities in Africa.
It has raised 13 billion dollars since its inception and...
Standard Business: Raila runs into protest against tax
25 Sep 2018 - Raila, addressing thousands of residents in Kondele and later Kibuye, argued that the Budget had deficits that needed to be filled.
Standard Business: More players eye cooking gas pie
25 Sep 2018 - Private companies are angling to benefit from growing use of cooking gas in the absence of investments by the State. They have already set up import a
Standard Business: Duale distorts economic facts to support new taxes
25 Sep 2018 - According to the index, Kenya's comparator countries in Africa are Benin, Cameroon, Cote D'Ivoire, Ghana, Senegal, Tanzania, Uganda and Zimbabwe
KenyanWallStreet: Privatization Of Sugar Mills Only Way to Save The Industry – Expert
25 Sep 2018 - The Kenya sugar industry is largely state-owned with the government controlling upwards of 51 per cent stake in major mills.
However experts are now calling on the government to consider privatization of the mills to save the livelihoods of over 5 million people who...
Standard Business: Why Kenyans are yet to warm up to real estate investment trusts
25 Sep 2018 - The introduction of Reits as an investment vehicle for players in real estate at the NSE in 2015 was billed as a game changer.
Standard Business: Uhuru's tax gamble that enraged Kenyans
25 Sep 2018 - President Uhuru is on the receiving end of Kenyans' rage after administering a series of crippling taxes as he moves to finance Big Four
Standard Business: Regulator struggles to catch up with disruptive third-party apps
25 Sep 2018 - Regulators will always fall behind innovations by industry, goes one technology cliché.
Standard Business: Why regulators find it tough to tame some sector bullies
25 Sep 2018 - Kenyan regulators have failed to tame rogue firms and individuals due to lenient laws and fines that make impunity reign supreme.
KenyanWallStreet: Kenya Records 68% Growth in Guest Arrivals through Airbnb Listings
25 Sep 2018 - According to a recent report by Airbnb, the year-on-year growth in guest arrivals in Africa is strong in countries like Kenya at 68 per cent, South Africa at 65 per cent, and Rwanda at 73 per cent.
The top three countries with the highest growth in guest arrivals...
Standard Business: Sugar prices fall amid fear of another scandal
25 Sep 2018 - Millers in Western Kenya have expressed fear that part of sugar destined for Egypt has found its way into Kenya.
KenyanWallStreet: New Tax Measures Won’t Affect Safaricom’s Performance – Citi
25 Sep 2018 - Last week, Safaricom’s share price dipped by more than 10 per cent after the Government, under the Finance Bill 2018, introduced an 8 per cent VAT on petroleum products, 20 per cent excise duty on money transfers, and a 1.5 per cent employer’s contribution towards the...
Business Daily: Mobile deals hit new high despite Rotich July tax rise
24 Sep 2018 - Mobile payments hit a monthly high in July, defying the rise in transactional tax.
Business Daily: Nairobi tycoon wins Sh797 million UN jet fuel deals
24 Sep 2018 - Dalbit Petroleum has landed two lucrative deals worth Sh796.79 million to supply jet fuel to United Nations.
Business Daily: Unilever signs deal to recycle plastics
24 Sep 2018 - Consumer goods manufacturer Unilever East Africa has signed a partnership with a Nairobi-based plant to recycle plastic containers and cut pollution.
Business Daily: Changes to expect in future jobs
24 Sep 2018 - The labour market is set for drastic changes as technological advances and growing interest in Artificial Intelligence (AI) accelerate, creating new jobs while killing others, according to a new report. Pages