Nakumatt Opens Cinema Hall
Regional retailer Nakumatt Holdings has expanded its entertainment services provision with the opening of a Cinema Hall at Nairobi’s Westgate Mall. As part of Nakumatt’s strategic business development plans, Planet Media Cinema a KES 80 million investment has now opened its doors barely three…
Shoplifters Causing Retailers Huge Losses
Local retailers have sounded an alarm over increased cases of operational losses occasioned by shoplifting and general theft. The losses technically referred to as shrinkage in retail trade parlance is rising by the day due to what industry players fear could be a case of an emerging organised pilferage ring…
VAT Bill 2012; How Will it Affect You?
The VAT Bill 2012 has been met with hostility from public views as well as members of parliament. A number of MPs including Dujis MP Aden Duale and Yatta MP Charles Kilinzo have announced that they will spearhead motions to have the controversial bill withdrawn. The Bill, which was approved by…
Banking Sector Grows in 2nd Quarter 2012
The Kenyan Banking Sector shown continued growth in the second quarter of 2012 compared to first quarter period that ended March 2012. According to a report released by the Central Bank of Kenya, the size of assets standing at KES 2.2 trillion compared to KES…
MPs in fresh bid to cap interest rates
Interest rates on loans should be capped at 4 percentage points more than the prevailing CBR, according to Members of parliament led by Gem MP Jakoyo Midiwo. Amendments to the Finance Bill 2011/2012 sponsored by Midiwo to have the lending rates capped was defeated in Parliament in March this year.
CMC Minority Shareholders Demand delayed AGM
A bloc of minority shareholders at giant auto dealer CMC Holding Ltd today came together to demand that the Capital Markets Authority (CMA) compel their directors to convene the overdue Annual General Meeting. The Nairobi Securities Exchange (NSE)…
CMC Shareholders demand AGM, Full year accounts
Minority shareholders at CMC Holdings Ltd will on Friday, July 27th 2012 hold a press conference to demand a date for the overdue Annual General Meeting. As a statutory requirement according to the Company Act, CMC which last held its AGM on March 4th 2011 should have already held its AGM…
Pay Your KAPS Parking Ticket With Airtel Money
Airtel Kenya and Kenya Airport Parking Services (KAPS) have launched a three year partnership that will allow Airtel customers to pay for their tickets using Airtel Money at parking spaces run by KAPS. This new service is aimed at reducing time wasted…
Orange Unveils Free Call,SMS Promotion
Telecommunications company Orange has today unveiled a promotional tariff dubbed Sare through which its pre-paid customers on Orange mobile network will enjoy free 24 hour on-net calls and SMS services as well as 10 free off-net SMSs. According to the company’s CEO, Mickael Ghossein, the…
Huawei Launches Two Smart Devices in Kenya
Information and communications technology solutions provider Huawei, has launched two high end smart devices into the Kenyan market. The company today launched the Huawei Honor Smartphone and the Huawei Media Pad tablet. The Huawei Honor smartphone, which will be retailing at KES 31,999, comes…
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