An earthmover parked at the Athi River Mining plant in Kaloleni, Kenya. PHOTO | FILE | NATION MEDIA GROUP Troubled cement maker Athi River Mining (ARM) is seeking to dispose of its Rwanda and South African subsidiaries, bringing closer to de-listing of the Nairobi Securities Exchange (NSE) listed company. Administrators of the cement processor last […]
Tullow Kenya Managing Director Martin Mbogo speaks on the firm’s future during an interview in Westlands, Nairobi, on February 20, 2020. PHOTO | FILE | NATION MEDIA GROUP An audit of the cost recovery bill presented by Tullow has revealed that at least Sh15 billion claimed does not qualify to be repaid by the Kenyan […]
Equity Bank CEO James Mwangi. PHOTO | FILE | NATION MEDIA GROUP Equity has restructured Sh92 billion loans, equivalent to about 25 per cent of its net loans at the end of last year, as the lender seeks to cushion customers who have been hit by the coronavirus crisis. The relief, which is being determined […]
A resident scares away desert locusts from a farm in Embu County, central Kenya, on January 25. 2020. PHOTO | GEORGE MUNENE | NATION MEDIA GROUP • Kenya will get the concessional 30-year loan from the World Bank alongside Djibouti, Ethiopia and Uganda, pushing the total loan to $129.5 million (Ksh138 billion). • Locust numbers […]
Kenya Commercial Bank on Wabera Street, Nairobi. Banks have long been criticised for being out of touch with the needs and realities of those it serves. PHOTO | DENNIS ONSONGO | NATION MEDIA GROUP Commercial banks must go above and beyond the call of duty if they’re to effectively meet the needs of its customers […]
Christine Kabasweke, a Vision Group employee who killed herself in Mbarara district (PHOTO/Courtesy). MBARARA – Police in Mbarara are investigating reports that an employee of Vision Group committed suicide after 50% of her salary was deducted. Christine Kabasweke, an accountant, went missing on Wednesday until her body was discovered on Saturday in her room on […]
A football fan bets on a game using SportPesa. PHOTO | FILE | NATION MEDIA GROUP The Kenyan gambling market is heavily dominated by online betting, which industry experts say typically returns 90 per cent of bets to punters as winnings. The sheer number of bets and the regulator’s inability to access the data in […]
ANC party leader Musalia Mudavadi who now wants Kenya to renegotiate bilateral and multilateral debts with its external lenders, including those in the Eurobond market, due to the Covid-19 pandemic. PHOTO | TONNY OMONDI | NATION MEDIA GROUP Amani National Congress (ANC) party leader Musalia Mudavadi wants Kenya to renegotiate bilateral and multilateral debts with […]
Lorries parked at Namanga one stop border post in this photo taken on May 12, 2020. Any lorry driver getting on Kenyan side has to be tested for Covid-19 to be allowed to cross the border. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP The estimated $2.26b new debt accumulated in less than three months […]
Consumers are yet to feel relief more than a month since President Uhuru Kenyatta directed that VAT on goods and services be reduced from 16 to 14 per cent. PHOTO | FILE | NATION MEDIA GROUP The prices of essential commodities such as maize and wheat flour, soap, tea leaves, milk, rice and cooking oil, […]
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