Road levy, weak shilling bring pain to Nairobi motorists

City motorists will pay Sh4.06 more for a litre of petrol after the energy regulator included a raised roads levy in its review alongside changes to reflect the effects of a weaker shilling to the US dollar. Petrol will retail at a maximum recommended price of Sh102.65 per litre in Nairobi from Sh98.59. Diesel prices have, however, reduced by Sh1.21 per litre to Sh83.35 while kerosene is down by Sh4.76 to Sh57.98 per litre…[...]

10,000-acre Galana model farm set for completion in March next year

An Israeli firm contracted to develop a 10,000-acre model farm at the Galana-Kulalu irrigation scheme will complete its work in March 2016, opening part of the one-million-acre scheme to farmers. Green Arava chief executive officer Barak Tamir said work on the model farm was within schedule. “We are progressing well and we expect to complete the model farm by next year March,” said Mr Tamir…[...]

60 graduate in Samsung’s training plan for technicians

Sixty students Thursday graduated from Samsung’s East Africa Electronics Engineering Academy after taking a nine-month training in refrigeration and air conditioning equipment. The training seeks to bridge technical skill gaps that are in demand by dealers and buyers of household electronic equipment. The inaugural Samsung training programme was launched in 2012…[...]

Sh2.8bn Israeli-backed irrigation centre eyes youths

Kenya will establish a college to train youths in irrigation, Water secretary Eugene Wamalwa has said. The institution to be financed by Sh2.8 billion advanced by the Israeli government would help build a pool of professionals to run the country’s irrigation activities, he said. “There is a need for the country to have its own irrigation experts to provide manpower at the Galana-Kulalu project and other projects,” said Mr Wamalwa…[...]

Dubai Bank Kenya placed in receivership for a year

Central Bank of Kenya (CBK) has placed Dubai Bank Kenya under a receiver for a period of twelve months in response to “serious cash-flow problems”. In a statement released Friday afternoon, CBK announced it has appointed the Kenya Deposit Insurance Corporation (KDIC) as a receiver “in the interest of (Dubai Bank’s) depositors, creditors and members of the public”…[...]

Fusion Capital receives ISO Certification

Real estate developer and private equity group Fusion’s quality management system processes have been certified as compliant under the ISO 9001:2008 standard. The certification confirms that the quality processes and systems of the group’s subsidiaries, Fusion Capital and Fusion Investment Management, meet specific criteria for ensuring consistent and continuously improving quality systems that fulfill customer requirements…[...]