BUSINESS

Police have nabbed 1.7 tons of banned plastic bags in Mombasa, while in transit from Tanzania. The owner is still at large, according to National Environment Management Authority (NEMA) boss Stephen Wambua. Read: County Government Bars Isuzu BRT Buses From Operating Over Design Concerns The bulk of the bags is being...

Former Unilever executive Grace Oluoch has been named Bamburi's new finance director. Ms Oluoch will take over from Eric Kironde who has been the finance director since 2011, and held the position of the managing director in an acting capacity. According to a statement from the cement manufacturer, Kironde has...

The County Government of Nairobi has barred the Isuzu's Bus Rapid Transport (BRT) buses from starting operations in the city over design concerns. The County Transport executive Mohamed Dagane yesterday said that the buses did not meet the specifications set out by the Ministry of Transport and the Nairobi Metropolitan Area...

Uchumi Supermarket management has not been able to access their headquarters at Industrial Area since October 2. This follows a move by the landlord, the Kenya National Trading Corporation (KNTC), to lock out the staffers stationed at the premises over unspecified amount of rent arrears. Over 50 private...

Online betting firm Sportpesa could be harbouring plans to enlist on the Nairobi Securities Exchange in the first quarter of 2019. Despite the Sportpesa CEO denying that the firm is planning to go public, Bloomberg reports that SportPesa has already appointed Nairobi-based Kestrel Capital East Africa Ltd. as transaction...

The National Transport and Safety Authority (NTSA) is planning to introduce electronic logbooks (e-logbooks) to curb vehicle ownership related fraud. In a statement, director-general Francis Meja said that the move will improve information sharing through its online register, the Transport Integrated Management System (TIMS). “We are currently reviewing the...

Safaricom has announced that it will increase voice calls, SMS and data tariffs as from midnight in line with the Finance Act 2018. In the revised tariffs, voice calls and data charges will increase by 30 cents while SMS charges will go up by 10 cents. "Therefore, as a result...

The effects of the Finance Act 2018 are being felt across board, and now depositors will have to feel the pinch as the banks will have now to cut interest earned on deposits following the deposit floor scrap. The Act scrapped the floor that mandated lenders to pay...

President Uhuru Kenyatta has ordered Energy Regulatory Commission and the Ministry of Energy to review electricity tariffs, with the aim of reducing the cost for small businesses within a month. The President ordered this at the Round Table forum for Small and Medium Enterprise (SME) owners in Nairobi at...

Wananchi Group, owner of pay and internet TV firm Zuku is planing to exit the Kenyan market following a tax battle with Kenya Revenue Authority (KRA). The firm has already contracted a US sales consultant Lizard Limited to work on a potential sale plan as top investors with...

Cash-strapped Nakumatt has closed its Nakumatt Mega branch, for good. The chain retailer announced this through a notice to its customers yesterday, advising them to visit its remaining branches in the country. So far, the retailer remains with six branches across the country which include Prestige, Lavington, Embakasi, Mega City...

Kenyans could have bought faulty 6kg gas cylinders from the government after it emerged that at least 67,251 cylinders supplied under the 'Mwananchi Gas Project' were defective, out of the 185,217 cylinders supplied so far. The cylinders were rejected by the National Oil, which was to retail the cylinders. The...