Co-op Bank branches to issue car insurance stickers

Co-operative Bank of Kenya through its Co-op Consultancy Agency will issue motor vehicle insurance stickers in all its branches. The bank says the product, launched in 2013, will be available in a maximum of 10 minutes on order.The certificates are normally printed at the head offices of insurers and sent to branches, taking one or two days…[...]

Jamii Bora targets small ventures with 50 per cent of its lending

Small businesses will account for half of Jamii Bora Bank’s (JBB) loan book by the end of the year under the lender’s new scheme. JBB plans to lend the SME sector, especially enterprises run by women and youths, 50 per cent of its loans as part of its strategic focus on small businesses. The bank is targeting to lend women and youth-run SME Sh4 billion by the end of the year, or 50 per cent of its loan book…[...]

Kebs postpones start date for import mark

The Kenya Bureau of Standards (Kebs) has postponed the commencement date of the import standardisation mark. Importers were from August 1, 2015, required to display a secure quality mark for all goods coming into the country. Instead, Kebs will use the whole month to perfect the system and educate players on the new mark…[...]

 High Court stops KRA from signing Sh866 million tax automation contract

The High Court has barred Kenya Revenue Authority (KRA) from signing the Sh866 million tax collection system deal. The decision by High Court Judge George Odunga is a major blow to the Kenyan Caesar together with the firm that had clinched the contested deal as they will have to wait until the case is heard and determined…[...]

GM expands after-sale service outlets

Owners of Isuzu and Chevrolet vehicles will now be able to access after-sale services from 11 Auto Xpress outlets across the country after a deal signed with General Motors East Africa (GMEA) Limited Friday. The partnership will see the company expand its after-sale service network with Auto Xpress expected to grow to a total 76 outlets in the next two years…[...]

Arbitrator sought in Airtel versus dealers row

An institute has been requested to appoint an arbitrator to resolve a contractual dispute between Airtel Kenya and over 20 of its distributors. The parties were supposed to appoint an arbitrator but they failed to settle on one, prompting the court to approach the Chartered Institute of Arbitrators. Justice Mbogholi Msagha Thursday extended orders stopping Airtel from implementing changes in a contract between the parties, until the court gets feedback from the institute…[...]

Tourism players in Kenya want say in Sh5.2b recovery fund

The Government’s decision to release Sh5.2 billion towards tourism recovery efforts has received support from industry players who urged for an all-inclusive approach to how the funds will be utilised. Kenya Coast Tourist Association (KCTA) Chairman Mohamed Hersi, while commending the Government for making the funds available, insisted 80 per cent of the monies allocated be utilised for direct promotions…[...]