Nigerian President Buhari waves from his plane as it prepares to depart Abuja on a previous trip. FILE | NATION MEDIA GROUP Nigerian President Muhammadu Buhari departed from Abuja on Tuesday for Kenya to participate in the United Nations Environment Assembly (UNEA) and to mark the United Nations Environment Programme (Unep) 50th anniversary. The UNEA, […]
President Uhuru Kenyatta has finally ended the long wait for the next boss at the governing organ of the Pharmacy and Poisons Board with his appointment of Dr James Mandere Rodgers Atebe as chairperson. Dr Atebe, whose tenure began on March 25, will be at the helm of the parastatal for the next three years […]
A man stands by the bill board of the Dar es Salaam Stock Exchange (DSE) in Dar es Salaam at a past event. PHOTO | FILE Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) has remained stable during the past one month despite the ongoing war between Russia and Ukraine, which has resulted […]
Justice James Makau. PHOTO | FILE | NATION MEDIA GROUP The High Court has dismissed a petition by manufacturers to quash new taxes imposed by the government on raw materials used in the production of paints. Justice James Makau ruled that levying of tax cannot be said to be a breach of the right to […]
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
A former investment manager with the National Social Security Fund, Francis Moturi, has been found guilty of fraud and slapped with Sh2.6 billion fine or 14 years in prison. Moturi had been convicted for defrauding NSSF Sh1.2 billion through a collapsed stockbroker in 2008. The pensioners fund is said to have lost an estimated Sh5.5 […]
Kenya is banking on the $385 million new Kipevu Oil Terminal to wrest the petroleum business from Dar es Salaam port, which has been supplying the Great Lakes region. Tanzania turned the tables on the port of Mombasa after persisted allegations of adulteration of petroleum products on the Northern Corridor. Then the three-year closure of […]
East African Breweries Limited Managing Director Jane Karuku. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP The brewer attributed the 23 percent growth to investment behind brands and innovation in the route to market in response to consumer behaviour shifts. EABL has also reported a 51 percent increase in physical asset acquisition in support of […]
A trader at Muthurwa market in Kenya’s capital Nairobi counting money after the day’s sales. The local currency has depreciated to trade at 113 units to the dollar from 100 units to the greenback in February 2020 – a month before the country registered its first case of coronavirus. PHOTO | FILE | NATION MEDIA […]
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