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Kenya plans to modernise an old railway track to link a newer line to neighbouring Uganda at a cost of $210 million (Ksh.21.3billion). According to Reuters, the funding for the project is expected from an unidentified private backer rather than building another modern one with Chinese money. The
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Kenya plans to modernise an old railway track to link a newer line to neighbouring Uganda at a cost of $210 million (Ksh.21.3billion). According to Reuters, the funding for the project is expected from an unidentified private backer rather than building another modern one with Chinese money. The
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Equity Group Holdings said on Thursday its first quarter pretax profit rose 6 percent to Ksh.8.84 billion ($87.44 million). The bank said net interest income rose to Ksh.10.4 billion from Ksh.9.8billion, while non-funded income was up 7 percent to Ksh.7.2billion. Equity
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Equity Group Holdings said on Thursday its first quarter pretax profit rose 6 percent to Ksh.8.84 billion ($87.44 million). The bank said net interest income rose to Ksh.10.4 billion from Ksh.9.8billion, while non-funded income was up 7 percent to Ksh.7.2billion. Equity
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By THE CITIZEN More by this Author A Kenyan company that signed a deal to buy $180.2 million cashew nuts in Tanzania will not be allowed to do so after it failed to fully honour an agreement, the Tanzanian government has said. Little-known Kenyan company Indo Power Solutions signed
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Kenyan manufacturers are largely operating below capacity and say economic growth prospects are dim due to a cash crunch, drought and corruption, a survey by their umbrella association showed. The survey, called the Manufacturing Barometer, was carried out by the Kenya Association of Manufacturers in the first quarter of this
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Kenyan manufacturers are largely operating below capacity and say economic growth prospects are dim due to a cash crunch, drought and corruption, a survey by their umbrella association showed. The survey, called the Manufacturing Barometer, was carried out by the Kenya Association of Manufacturers in the first quarter of this
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By DAILY NATION More by this Author Global cybersecurity company Kaspersky Lab has issued an alert over a fresh wave of attacks targeting financial and online services. Mr Fabio Assolini, a senior security researcher at Kaspersky Lab, said African consumers were on average losing Sh302,912.50 through rising SIM
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By VICTOR JUMA More by this Author Domestic airline Safarilink has received safety certification from the International Air Transport Association (IATA), a trade association of the world’s carriers. The company has completed the IATA Standard Safety Assessment (ISSA), a voluntary evaluation programme for smaller aircraft. The association reviewed Safarilink’
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By VICTOR JUMA More by this Author Domestic airline Safarilink has received safety certification from the International Air Transport Association (IATA), a trade association of the world’s carriers. The company has completed the IATA Standard Safety Assessment (ISSA), a voluntary evaluation programme for smaller aircraft. The association reviewed Safarilink’
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By GEORGE OMONDI More by this Author Electoral agency has dodged audit queries doubting the legality of the Sh691.5m catering services contract awarded last year to feed its county polls officials. Instead, the Independent Electoral and Boundaries Commission (IEBC) has moved to justify the expenditure saying it translates to
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By GEORGE OMONDI More by this Author Electoral agency has dodged audit queries doubting the legality of the Sh691.5m catering services contract awarded last year to feed its county polls officials. Instead, the Independent Electoral and Boundaries Commission (IEBC) has moved to justify the expenditure saying it translates to