Pakistan, US, Uganda to bolster Kenyan exports to Sh1 trillion by 2030- report
President Uhuru Kenyatta officially opens Pakistan-Africa Trade and Development Conference, at KICC Nairobi / PSCU NAIROBI Kenya Feb 28- Kenya is set to be a key driver in global trade growth, with its exports projected to grow at an average annual rate of more than 7 percent to cross USD10.2 billion by 2030. According to […]
Posta boss summoned over Sh168 million from business registrations
Posta House in Nairobi’s CBD/ The Star NAIROBI, Kenya Feb 22- Postmaster-General Dan Kagwe has come under fire over Sh168 million collected by Posta on behalf of the Business Registration Service. Parliament, through the National Assembly’s Public Accounts Committee (PAC), summoned Kagwe to explain why the postal corporation failed to remit Sh168,776,500 held by Huduma […]
UAE to tap into Kenya’s skilled labour market
President Uhuru Kenyatta delivers his remarks during the opening of the Kenya-Gulf Cooperation Council (GCC) States business forum in Dubai/ PSCU NAIROBI, Kenya Feb 17- The United Arab Emirates (UAE) is looking to tap into the Kenyan market for skilled labourers, offering a 10-year visa to support the development of the region’s economy. The long-term […]
Branch gets Treasury Greenlight to Acquire 85% Century Bank Stake
Branch App/ branch.co NAIROBI, Kenya Feb 8- Branch International can now move forward with its plans to acquire Century Microfinance Bank after receiving the greenlight from National Treasury. This after the National Treasury exempted the digital lender from a law limiting individual shareholding in microfinance to 25 percent. In a gazette notice signed by the […]
Fly540 boss set to lose property over Sh678.7 million debt
A Fly540 aircraft/ Fly540.com NAIROBI, Kenya Feb 4- Environmental and Land Court judge James Olalo has declined to stop auctioneers from selling property belonging to Fly540 Chief Executive Officer over a Sh678.7 million debt. Donald Smith Earle- who runs Fly540 and a fellow investor risk losing prime properties in Malindi that include cottages and a […]
Kenya’s journey to a healthy Environment Social and Governance(ESG) investment climate
Partner at the Environmental practice at commercial law firm Cliffe Dekker Hofmeyr Kenya Clarice Wambua/ LinkedIn NAIROBI, Kenya Feb 2- With the increasing recognition of the need to integrate Environment Social and Governance (ESG) in day-to-day corporate operations, it is likely that ESG disclosure and reporting requirements will soon be a mandatory requirement for more […]
KRA, EACC go after secret company shareholders
Times Tower building in Nairobi, Kenya/ Courtesy. NAIROBI, Kenya Jan 31- The Kenya Revenue Authority (KRA), the Ethics and Anti-Corruption Commission (EACC), and the Financial Reporting Centre (FRC)- which tracks money launderers- are now mining data from a registry of secret shareholders disclosed to the Attorney-General in a fresh crackdown on corrupt individuals and tax […]
Court of Appeal Halts Sale of Dusit over Sh2.8 billion Debt Row
14 Riverside Drive/ Citizen Digital NAIROBI, Kenya Jan 27-The Appellate Court has halted the planned auction of a multi-billion-shilling property in Nairobi’s Riverside Drive where the Dusit D2 hotel stands over a Sh5 billion debt. Justices Daniel Musinga, Wanjiru Karanja and Agnes Murgor put on hold the auction pending a ruling on March 18. The […]
Bboxx Kenya Secures Sh1.6 billion loan from SBM
Bboxx employees setting up a solar home system/ Courtesy. NAIROBI, Kenya Jan 26- SBM Bank Kenya has lent Sh1.6 billion to solar energy firm Bboxx that plans to connect 470,000 Kenyans to renewable energy sources. GuarantCo, a fund backed by the governments of UK, Switzerland and Australia among others, is guaranteeing Sh1.2 billion or 75 […]
Carmaco Abandons Plans to list on the London Stock Exchange
Cargo at the port of Mombasa/ KPA NAIROBI, Kenya Jan 25- Comarco Group has ditched plans to list on the London Stock Exchange (LSE) through a reverse takeover of UK’s publicly-traded company Anglo African Agriculture. This was after some shareholders of Comarco said they did not want to proceed with the transaction. Initially, the port […]
