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Business highlights – Corrupt CEOs to face Ksh5 million fine as EACC looks into sketchy procurement sector

Corrupt CEOs to face Ksh5 million fine or 10-year jail term  Ethics and Anti-Corruption Commission boss, Eliud Wabukala has vowed to have corrupt CEOs put behind bars Senior chiefs of

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Business highlights – Kenya’s maize supply will be depleted by June 2017

Kenya’s maize supply will be depleted by June 2017 Kenya is likely to face a maize deficit between June and July, the Ministry of Agriculture has said A food balance

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Samsung commits to improving access to education through Digital Transformation

  Samsung uses its education technology to give back to society  The aim is to make sure that every African child has access to education, no matter where they are

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Trade Facilitation Agreement will support cheaper, easier and faster transactions, UNCTAD officials say as deal comes into force

Enacting Trade Facilitation Agreement (TFA) will reduce graft, and boost development It is estimated that TFA could reduce trade costs between 9.6 and 23.1% for its members worldwide World Trade

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Barclays Bank’s profit dips 12% on back of bad loans, interest capping law

Barclays full profits for the year 2016 dropped by 12% due to provision of bad loans and the new amendment Bill 2016 Barclays Bank’s pre-tax profit fell to Sh10.85 billion

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Fusion Capital acquires 75% stake in Thika Royal Palms as demand for land in satellite towns increases

Private investment firm, Fusion Capital has acquired a 75% stake in Thika Royal Palms Limited, a subsidiary of Hand in Hand Development Company Limited Thika Royal Palms intends to acquire

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Kenyans living abroad register 10 Saccos, state confirms

Kenyans living abroad have registered 10 savings and credit co-operative societies (Saccos), Industrialization Cabinet Secretary Adan Mohammed has said. Speaking during the official launch and rebranding of Taqwa Sacco, the

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Business highlights – Drought and lending rate cap pose bigger risk to the economy than August elections, experts say

Counties to pay for new doctors’, nurses’ salaries, says Treasury CS Henry Rotich National government will only pay for any salary increments awarded to doctors and nurses for six months Each

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Now you can afford the pocket-friendly smarter version of the Huawei GR5

Huawei has launched the GR5 2017 which is a predecessor of the Huawei GR5 (2016) It is the first ever device in the local Smartphone market that has a premium

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Business highlights – Experts expect sharp increase in borrowing in 2017 despite banks’ reluctance to dish out loans

Experts expect a sharp increase in borrowing in 2017 Commercial banks have been reluctant to give out loans after a law capping interest rates came into force New data shows