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By BRIAN NGUGI More by this Author Six printing firms have announced that they are seeking to merge their operations to form a new bigger company by end of this month to survive difficult market conditions in their industry. The boards of directors of Colourprint Limited, Digital Hub Limited, Kul
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Companies Co-op Bank owners recoup capital from large dividends Thursday, May 23, 2019 19:54 By PATRICK ALUSHULA Co-op Bank’s #ticker:COOP owners will recoup their entire capital from dividends alone this year, with long-term investors such as Co-op Holdings Co-operative Society and the lender’s CEO Gideon Muriuki
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Market News Coffee price down 9pc at the auction Thursday, May 23, 2019 19:39 By GERALD ANDAE The price of coffee fell by nine percent at this week’s trading, reversing the gains witnessed in the last two sales when the value of the commodity rebounded after months of
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Market News Top hotel executives in Frankfurt to sell local conference tourism Thursday, May 23, 2019 19:38 By JAMES KARIUKI Five hotel executives are in a government delegation attending Imex Fair to market Nairobi as a conference tourism hub. The Kenyan delegation—comprising tourism ministry officials, KICC representatives, Heritage
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Market News Garden City hunts for investor to set up medical facility Thursday, May 23, 2019 19:37 By JAMES KARIUKI Commercial-cum-residential complex Garden City is seeking a hospital investor for development of a high-end healthcare facility. Garden City managing director Chris Coulson said it has reserved land where the
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KISUMU, KENYA: Kisumu Governor Anyang’ Nyong’o and his sister Nyogoy Nyong’o could be jailed for up to six months after the High Court in Kisumu found them guilty of contempt. The duo is expected to appear in court on May 28 where the judge will deliver their sentencing
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By REUTERS More by this Author Spiraling traffic and poor urban planning could rob developing countries of opportunities and jam economic progress in fast-growing cities, a study published on Thursday found. As more people flock to cities, congested roads, expensive commutes and a lack of reliable transport options are disrupting
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- Cytonn Personal Retirement Benefits Scheme is designed to enable individuals save for retirement by making regular contributions into this scheme during their working years - Cytonn Income Drawdown Fund on the other hand will allow retirees to invest accumulated retirement benefits and access them as regular income depending on
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Market News Tullow Oil cuts Kenya expenditure to Sh3bn Thursday, May 23, 2019 18:30 By BRIAN NGUGI The amounts spent by British oil exploration company Tullow on local contractors in the South Lokichar oil fields, Turkana, dropped to Sh3 billion last year, fresh data shows. Tullow spent Sh3.087
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The Kenya Revenue Authority (KRA) has won a case against Italian Dam Construction company Co-operativa Muratori e Cementisti (CMC) di Ravenna, seeking a Sh166million Value Added Tax refund. In a judgement delivered on Wednesday by High Court Judges Lady Justice Pauline Nyamweya and John Mativo, CMC Di Ravenna Kenya, a
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By REUTERS More by this Author Kenya’s Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial services platform from Britain’s Vodafone, Safaricom’s CEO said on Thursday. The $13.4 million deal will let both purchasers make
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* DPPS 23rd May 2019 14:27:25 GMT +0300 NAIROBI, KENYA: Chinese in Kenya have been warned of tough punishment if they fail to respect the laws of the country. Chinese Ambassador to Kenya Wu Peng said China was concerned by cases of their citizens’ failure to regulate their behaviour.