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20140429 2014 ECONOMIC SURVEY REPORT

THE COUNTRY’S ECONOMY GREW BY A SMALL PERCENTAGE TO 4.7% IN 2013 COMPARED TO 4.6% IN 2012, INDICATING A POSITIVE PROGRESS TOWARDS THE ACHIEVEMENT OF MUCH HYPED DOUBLE-DIGIT GROWTH BY THE YEAR 2017. THIS AS KEY ECONOMIC SECTORS IN THE COUNTR...

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20140429 BITTER SUGAR INQUEST

INSPECTOR GENERAL OF THE NATIONAL POLICE SERVICE DAVID KIMAIYO TODAY APPEARED BEFORE THE NATIONAL ASSEMBLY’S DEPARTMENTAL COMMITTEE ON AGRICULTURE TO GIVE HIS INPUT ON THE ROLE PLAYED BY THE POLICE DURING CLEARANCE OF SUGAR AT THE ENTRY POI...

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20140428 MOTORCAR BUSINESS

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20140425 INSECURITY FLOORS TOURISM

  SECURITY HAS BEEN TERMED AS THE KEY CHALLENGE THAT HAS HIGHLY THREATENED THE TOURISM SECTOR DURING THE PREVIOUS YEAR CONTRIBUTING TO A DECLINE IN TOURISM PERFORMANCE IN THE COUNTRY. SEVERAL INSECURITY INCIDENCES IN NAIROBI AND MOMBAS...

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20140424 HIGH MORTGAGE RATES

LESS PEOPLE ARE TAKING UP MORTGAGES DUE TO HIGH INTEREST RATES BY COMMERCIAL BANKS WHO SEEK LARGE MARGINS ON MORTGAGES. THIS HAS LED TO MANY PEOPLE WHO CAN AFFORD HOMES TO RELY ON RENTALS OTHER THAN TAKE UP THE MORTGAGES. ACCORDING TO THE M...

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20140424 PROBING SWEETNESS

KENYA REVENUE AUTHORITY COMMISSIONER  GENERAL JOHN NJIRAINI WAS PUT  ON THE  SPOT AS  HE  MET THE  AGRICULTURAL  COMMITTEE TO ANSWER  QUESTIONS  ON THE  ILLEGAL  IMPORTATION OF  SU...

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20140424 TAMING THE WAGE BILL

AFTER ROLLING OUT THE PUBLIC WAGE BILL DEBATE THE SALARIES AND REMUNERATION COMMISSION IN ITS ATTEMPT TO HIGHLIGHT THE WAGE BILL SUSTAINABILITY HAS GATHERED KEY RECOMMENDATIONS THAT CAN HELP REDUCE THE BLOATED WAGE BILL. ACCORDING TO SRC CH...

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20140423 ENHANCING NETWORK CONNECTIVITY

25 % OF NAIROBI’S CITY COUNTY BUDGET IS EXPECTED TO IMPROVE COMMUNICATION CONNECTIVITY IN ALL THE BUILDINGS. SPEAKING DURING THE OPENING OF THE MILIMANI EXCHANGE NAIROBI GOVERNOR EVANS KIDERO SAID THAT PART OF THE COUNTY’S OBJECTIVES IS TO ...

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20140422 OPTIMISTIC KENYANS

KENYANS WERE ONCE VOTED THE MOST OPTIMISTIC PEOPLE IN THE WORLD, BEATING LEADING AFRICA ECONOMIES LIKE NIGERIA AND SOUTH AFRICA. NOTHING SEEMS TO HAVE CHANGED SINCE THE SURVEY WAS CONDUCTED ALMOST A DECADE AGO, AS MANY KENYANS BRAVED THE TO...

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20140422 FOR BETTER OR WORSE

  BUSINESS IN NAIROBI’S EASTLEIGH AREA HAS TAKEN A NOSE DIVE SINCE THE COMMENCEMENT OF OPERATION USALAMA WATCH CLOSE TO THREE WEEKS AGO. MAJORITY OF TRADERS ARE COMPLAINING OF LOSSES RUNNING INTO MILLIONS OF SHILLINGS FOLLOWING THIS OP...

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20140417 OMBUDSMAN FAULTS TASSIA II PROJECT

THE OMBUDSMAN HAS FAULTED THE TENDERING PROCESS OF THE TASSIA 2 PROJECT OUTLINED WITH IMPROPRIETIES AFTER CARRYING OUT INVESTIGATIONS ON THE ABUSE OF POWER AND THE DISREGARD OF PROCUREMENT PROCEDURES. ACCORDING TO THE INVESTIGATION REPORT, ...

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20140416 THE SOARING WAGE BILL

HIGH UNEMPLOYMENT RATE IN THE COUNTRY BOTH IN PRIVATE AND PUBLIC SECTORS HAS BEEN ATTRIBUTED TO AS THE MAJOR CONTRIBUTOR TO THE ASTRONOMIC WAGE BILL WHICH HAS PRESENTED A GREAT TEST TO THE TOP FISCAL POLICY MAKERS IN THE JUBILEE ADMINSTRATI...

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20140415 2013 NSE FINANCIAL REPORT

THE MARKET PERFORMANCE IN THE FINANCIAL YEAR  2013 THAT ATTRACTED MORE INVESTORS IN THE COUNTRY AND EFFORTS TO DIVERSIFY  REVENUE STREAMS HAS SEEN THE NAIROBI SECURITIES EXCHANGE REALIZE AN INCREASE OF 62.03% OF THE TOTAL INCOME C...

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20140412 NEW MOBILE OPERATORS

THREE MORE MOBILE MONEY TRANSFER SERVICE OPERATORS WILL SOON TAKE THE MARKET, AFTER COMMUNICATION COMMISION OF KENYA ISSUED MOBILE VIRTUAL NETWORK LICENSES MVNO’S TO THREE OPERATORS , FINSERVE AFRICA LIMITED, ZIONCELL KENYA LIMITED AND TANG...

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20140411 POST HARVEST LOSS GUARDS

EASTERN AFRICAN GRAIN COUNCIL EAGC CHAIRMAN JUDAH ARAP BETT HAS CALLED ON ALL THE STAKEHOLDERS IN THE AGRICULTURAL SECTOR TO PROMOTE POST HARVEST TECHNOLOGIES TO AVOID POST HARVEST LOSSES. BETT HAS ALSO SAID THAT THE DRAFT OF THE WAREHOUSE ...

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20140411 GALAXY S5 HITS MARKET

KENYA HAS BEEN NAMED RECENTLY AS A LEADING MARKET FOR SMART PHONES IN SUB-SAHARAN AFRICA WITH OVER 100,000 SMARTPHONES SALES IN THE KENYAN MARKET EACH MONTH. THE FIRST EVER SAMSUNG  GLOBAL LAUNCH  HELD  IN THE COUNTRY TOGETHE...

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20140410 LOWER THE INTEREST RATES

 THE MINISTRY OF LANDS, HOUSING AND URBAN DEVELOPMENT HAS URGED BANKS TO LOWER THEIR INTEREST RATES SO THAT MORE PEOPLE CAN TAKE UP MORTGAGES.   DIRECTOR OF ADMINISTRATION IN THE MINISTRY OF HOUSING IBRAHIM HUSSEIN SAYS THAT ...

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20140410 MOULDING ENTREPRENEURS

KENYA AND THE REST OF EAST AFRICA MEMBER STATES HAVE A GREAT POTENTIAL TO CONTRIBUTE TO THE GROWTH OF LOCAL BUSINESS LANDSCAPE IN THE REGON IF YOUNG ENTREPRENUERS ARE WELL NURTURED. ACCORDING TO EAST AFRICA PRESIDENT FOR ENTREPRENUERS ORGAN...

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20140409 APA FULLY SETTLES KAA'A CLAIMS

APA INSURANCE HAS FINALLY SETTLED THE CLAIM FROM THE AUGUST 7, 2013 FIRE, THAT GUTTED DOWN JOMO KENYATTA INTERNATIONAL AIRPORT’S INTERNATIONAL ARRIVAL TERMINUS BY PRESENTING THE FINAL BATCH OF COMPENSATION TO THE KENYA AIRPORT AUTHORITY TO ...

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20140408 KENYA -- S KOREAN PARTNERSHIP

KENYATTA UNIVERSITY HAS LAUNCHED A KOREAN LANGUAGE AND CULTURE PROGRAM IN PARTNERSHIP WITH A KOREAN INSTITUTE, CALLED KING SEJONG INSTITUTE. THIS PROGRAM IS A COMMERATION OF 50 YEARS PARTNERSHIP BETWEEN KENYA AND KOREA AND WILL ENHANCE CULT...