KCB Group CEO Joshua Oigara. FILE PHOTO | NATION MEDIA GROUP KCB Group chief executive officer Joshua Oigara earned Sh299.1 million in salary, bonus and allowances in 2019, a year when Kenya’s biggest bank by assets announced a record net profit. Mr Oigara’s compensation increased by 9.6 percent or the equivalent of Sh26.2 million from […]
A pump attendant fuels a vehicle at Total Kimathi Street in Nairobi on February 14, 2020. Industry players say local prices are expected to drop significantly by May or June. PHOTO | FILE | NATION MEDIA GROUP As the world oil industry goes through a price turmoil, Kenyans can look forward to reaping some benefits, […]
Tullow Oil Kenya Managing Director Martin Mbogo demonstrates the firm’s progress during an interview at his Nairobi office on February 20, 2020. PHOTO | FILE | NATION MEDIA GROUP Oil firms recover their exploration costs over years once production and sale of the commodity start, which in Kenya’s case is planned for 2022. Tullow, which […]
Nairobi County Assembly which is this week expected to pass a new supplementary budget which will allocate Sh3.5 billion to the Nairobi Metropolitan Service . PHOTO | FILE | NATION MEDIA GROUP The Nairobi Metropolitan Service (NMS) will get a huge financial boost after being allocated Sh3.5 billion for its operations before the end of […]
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 […]
A bonus share issue of one new fully paid ordinary share for every ten shares held in capital of the Company to the shareholders on the Register of Members at the close of business on 12th June 2020
An attendant fills a tank at a fuel station in Nyeri on June 14, 2016. FILE PHOTO | JOSEPH KANYI | NATION MEDIA GROUP The standoff between the government and taxpayers over the 16 per cent value added tax (VAT) on petroleum products since September 1 is a good opportunity for dialogue on collection and […]
National Treasury PS Kamau Thugge. He insists that the exchequer did not give permission to any private firm to collect funds on its behalf. PHOTO | FILE | NATION MEDIA GROUP By the time that the government asked the service provider, Safaricom, to stop Goldrock from collecting the money in 2014, more than Sh5.6 billion […]
Travellers book their tickets in Kisii on September 2, 2018. Fares have been increased. PHOTO | MAGATI OBEBO | NATION MEDIA GROUP Bus companies have increased their fares following a hike in fuel prices. In Kisii, some travellers in Kisii were forced to postpone their journeys. Even transport firms like Transline and Premium, whose fares […]
Household goods company Tropikal Brands Afrika has sued Uchumi Supermarkets for Sh35 million unpaid supplies, almost a year after the firm revealed it had taken struggling retailer Nakumatt to court. The firm says Uchumi has failed to settle the debts, some dating back five years, despite the credit period within which the arrears were to […]
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