Agency set to watch more bank clients in terror cash hunt The Treasury has moved to boost the fight against terrorism financing by widening the scope of investigation to include most of the bank transactions. Treasury secretary, Henry Rotich has empowered the Financial Reporting Centre (FRC)…
Mumias Sugar Company lays off 100 staff at closed water bottling plant Sugar miller Mumias was on Monday preparing to lay off 100 employees of its water bottling plant, which is being wound up as part of the grand plan to rescue the company from collapse. Mumias Sugar Company on Monday…
Home Afrika says 2014 profit to fall by a quarter Kenyan property developer Home Afrika Ltd said on Friday its 2014 profit would be at least 25 per cent lower than the previous year, hurt by a delay in developing its infrastructure projects during…
The Retirement Benefits Authority (RBA) has licensed CIC Asset Management Limited to manage pension funds. Responding to the high number of concerns that most pension funds are mismanaged, CIC have said that they will make use of Information and Communication Technology (ICT) to reduce the cost of doing business and enhance efficiency.
The proposed NSSF Transformation Bill promises to give every Kenyan a chance to prepare for their future. The Retirement Benefits Authority has doubts about the plan's feasibility.