KAA to auction junk aircraft
A section of Wilson Airport. FILE PHOTO | NMG NAIROBI Kenya, Nov 4- Uncollected junk aircraft are up for grabs following an announcement by the Kenya Airports Authority. In an advert, the KAA announced the auction of 73 uncollected junk aircraft at its four main airports for prices as low as Sh5,000. The airports authority […]
Hospitals to be shut down if found defrauding NHIF
The National Hospital Insurance Fund (NHIF) building in Nairobi, Kenya/ Courtesy. NAIROBI Kenya, Oct 27- Hospitals and healthcare providers caught defrauding the National Hospital Insurance Fund (NHIF) will lose their accreditation permanently in new changes to the law. These changes introduced under the National Hospital Insurance Fund (Amendment) Bill that was passed into law last […]
Tangaza-Mobile Payment Service Provider license revoked over regulatory violations
Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge during a press briefing in Nairobi, Kenya/ CBK. NAIROBI Kenya, Oct 26- Tangaza, a Mobile Payment Service Provider, has had its license revoked by the Central Bank of Kenya (CBK) for failing to discharge its obligations under the National Payments System(NPS) Act and Regulations. According to […]
Kenyans to access MTN Uganda shares after IPO launch
An MTN outlet in Uganda, Kampala/ NMG PHOTO Interested Kenyans will be able to buy into MTN Uganda shares after the firm launched Uganda’s biggest Initial Public Offer (IPO) on October 11, 2021. MTN Uganda reached an agreement with Uganda Communications Commission to pay $100 million for a 12-year license in Uganda valid from July […]
Treasury to merge more debt-distressed State Corporations
The National Treasury building in Nairobi, Kenya/ Courtesy. The National Treasury says plans are at an advanced stage in the bid to merge the Industrial and Commercial Development Corporation(ICDC), Industrial Development Bank(IDB) and Tourism Finance Corporation. The merged outfit, the Kenya Development Corporation is set to enhance capacity by meeting financing requirements of key players […]
