BUSINESS

Biashara news

Government Approves Ksh1.4 Billion Cable Car Project In Mombasa

The government has approved the 4.1 billion shillings Likoni Cable Car project through a Build Own Operate Transfer partnership. The project being undertaken through a joint venture between Kenyan investors and an Austrian company is expected to ease the movement of passengers between Mombasa Island and the mainland. Once...

The Secret Kenya Pipeline Deal in Israel Which is Pushing Fuel Prices Higher

While ERC is blaming all manner of factors for the rise of pump prices, those in the know blame the rise on a deal which was signed by PS Njoroge in Israel and whose details have been kept under wraps even from Kenya Pipeline Company bosses. According to...
petrol prices

Motorists To Pay More For Fuel As Petrol Prices Go Up

Motorists will starting midnight dig deeper into their pockets as petrol prices go up in latest fuel prices review. Energy Regulatory Commission (ERC) on Tuesday announced that petrol prices will rise by Sh1.53 to go for Sh113.73 in Nairobi. Diesel Prices will reduce by Sh0.51 to sell at Sh102.74...

How Foreigner Stephen Jennings Swindled KRA Ksh6.5 Billion, Conned Shareholders And Clients of Tatu City

Details have emerged that Kofinaf Company Limited and Tatu City Limited, the companies involved in land dealings at the Tatu City could have swindled the Kenya Revenue Authority (KRA) of more than Ksh6.5 billion in tax dues, as well as unsuspecting land buyers. The company (Kofinaf), owned by New Zealand...

Portland Cement Property Set For Auction To Pay Workers Ksh1.4 Billion

The Kenya Chemical and Allied Workers Union (Kcawu) has obtained the services of an auctioneer, in preparation of auctioning East Africa Portland Cement Company's (EAPCC) property to recover Ksh1,401,585,364 the company owes to workers. This follows the cement manufacturer failure to fully implement  2013–2015 Collective Bargaining Agreement (CBA)...

Tanzanian Government Bans Kenya Carrots To Shun Competition To Its Farmers

Trade wars between Kenya and Tanzania are far from over, as the Magufuli-led nation banned importation of carrots from Kenya. The ban was issued last week by incoming Arumeru District Commissioner Jerry Muro, in a bid to protect Tanzanian farmers from competition. “During the harvesting period, carrots are imported...

Woman Narrates How Uber Driver Attacked Her

A tweep by the name Soraya has narrated how a Uber driver attacked her, after she requested to go and get cash for him on arrival to her destination. The woman, who did not reveal most details of the ordeal said that the driver, who seemengly was up...

The Ksh 1.8 Billion Kisumu Oil Jetty Scam Pulled by John Ngumi at KPC

Kenya Pipeline Company (KPC) contracted South Engineering Company (SECO) through tender number KPC/PU006-0T/17 to construct the Kisumu Oil Jetty which was meant to facilitate the transportation of oil through Lake Victoria to Uganda and Tanzania. While Kenya has completed the same, the two neighbouring countries of Uganda and Tanzania...

Nairobi Businesswoman Agnes Kagure Reveals Source Of Her Wealth

Nairobi businesswoman Agnes Kagure has revealed how she acquired her wealth and became influential in business circles. Speaking to officials of Kenya University Students Organisation (KUSO), where she was elected the patron in July, Kagure said that she has made a name in the insurance sector, where she...

Farmers Set To Win Half A Million And Trip To Dubai In Maiden Farmers’ Challenge

Applications are now open for the maiden edition of Meet The Farmer Conference (MTFC) Innov8Agric Challenge. The challenge presents farmers with an opportunity to walk home with Ksh500,000 and an all expense paid trip to Dubai for the Grand Finale, access to follow-on funding among other business opportunities. The...

Safaricom Call Rates Remain At Ksh4 Per Minute, Bob Collymore Says

Safaricom CEO Bob Collymore has said that he is not going to engage in price wars with Airtel, following the move by Airtel to slash their call rates by 50 per cent. Speaking to Reuters, Collymore said that the company would rather offer better services to its consumers than...
Petroleum

Kenyans To Pay More For Petroleum Products As From September

Motorists will have to dig deeper into their pockets as petroleum products will start attracting the 16% value added tax (VAT) as from September following pressure from the International Monetary Fund (IMF). The treasury principal secretary confirmed that the prices of petrol will rise as from September 1...

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