Business

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Vehicle sales plummet as motor industry eyes third quarter recovery

Vehicle sales have been on a free fall as Kenya’s auto industry displayed a less than stellar performance in May. This is despite an inspiring first quarter of 2017. The

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Business Highlights June 21 2017

ERC to regulate power tariffs in future A study on the cost of electricity in the country is under way, which could see the Energy Regulatory Commission (ERC) start reviewing

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Business highlights June 20 2017

CMA denies ‘knowledge’ of NBK acquisition, warns Kenyans against buying their shares The Capital Markets Authority (CMA) has said that it has not received any formal communication regarding the imminent

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Kenya Power to reduce customer connection timeline to less than two months

  Energy distribution company, Kenya Power is targeting to bring down the timeline for connecting new commercial customers to less than two months. Acting Managing Director & CEO Dr Ken

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KCB Group remains Kenya’s most attractive bank, report reveals

  KCB Group has been ranked the most attractive bank in Kenya supported by a strong franchise value and intrinsic value score. This is according to a 2017 Quarter 1

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Business highlights June 20 2017

Cash-strapped Nakumatt yet to pay employees May wages Chain retailers Nakumatt, seem to be wallowing in a financial crisis after they failed to pay May salaries of their more than

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Business higlights June 19 2017

Taxman, lender at loggerheads over unpaid dues: The Kenya Revenue Authority (KRA) has locked horns with Kenya Commercial Bank (KCB) over millions of shillings in unpaid excise liabilities by the

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African governments, GODAN in move to foster continent’s untapped agricultural potential

 The Global Open Data for Agriculture & Nutrition (GODAN) initiative together with the Government of Kenya and 15 African Ministers including from South Africa, Congo, Sudan, Kenya, Uganda, Sierra Leone,

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Business highlights June 19 2017

Varsity-backed Rivatex gets Ksh3 billion boost from Indian government Rift Valley Textile Mills (Rivatex EA), a research and development facility of Moi University, has received Ksh3 billion from the government

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Business highlights June 16 2017

Power bills set to fall with the commissioning of the new Isinya substation Electricity bills are likely to dip slightly with commissioning of the new Isinya substation set for July,