Konza city will officially be launched towards the end of the month by the president. This was announced by the PS of Information and Communications during a breakfast meeting this morning at the Laico Regency Hotel. Ground work however, has already started with a number of ministries having already received funds.
1. Thousands of Toyotas Recalled Over Glitch Three instances of steering ‘problems’ have been reported here, as Toyota recalls up to 34,500 Avensis and Prius models for inspection. It is part of a massive global recall in response to 20 reports of steering ‘knocking’. But…
Standard Chartered had sought to raise 3.2 billion shillings in the rights issue but has raised 8.3 billion. The bank's rights issue was oversubscribed by 158.4 percent similar to the one in 2010 which raised 4 billion shillings against a a targeted 2.5 billion shillings.
Within just over a decade, Britam has evolved from manually sifting insurance records to relying on a computerized systems capable of handling over 5 billion shillings in insurance premiums every year. Learn the story of this transition.
1. VAT Bill 2012 Set for 2013 The treasury has announced that The VAT Bill 2012 will be introduced next year after the general election. Speaking to the Daily Nation , Finance Minister, Njeru Githae said, “There are indications that the Bill will be…
1. CBK to License Independent Remittance Providers The Central Bank of Kenya has released a draft proposal to have independent money remittance providers (MRPs) licensed. CBK has developed draft Regulations on International Money Remittance Business to be issued to key stakeholders for public…
Just three weeks after winning KRA's tax race by emerging the top taxpayer in the country, Safaricom has won this year’s Champions of Governance Awards (CoG), with the mobile operator's CEO Bob Collymore being named the Chief Executive Officer of the Year.
1. Poll Shows that There May not Be a Run Off A new poll by research company Infotrak says Raila Odinga could clinch the presidency in the first round next year, depending on who he picks as his running mate. The poll…
1. JSC Defend Move to Buy Luxury Cars The Judicial Service Commission (JSC) has defended its decision to acquire 40 limousines for judges The commission also dismissed a car loan scheme offered by the government for judicial officers as untenable. It further…