Ken on 18th Dec

The insurance sector regulator has estimated more than Sh10bn is to be paid as claim, as a result of the recent Westgate Mall terror attack. The amount-the largest in Kenya’s history, is equal to a third of the total industry payout for the previous year.The Insurance Regulatory Authority (IRA) said in a report released last week that the Westgate...

Ken on 17th Dec

Italian billionaire Flavio Briatore officially opened his Sh 500 million Lion in the Sun resort in Malindi on Sunday night.The former formula one boss jetted in the country over the weekend to open the resort as well as enjoy his Christmas holiday. He was accompanied by his son Falco Briatore and other family members. Top government official who...

Ken on 03rd Dec

Kentucky Fried Chicken has opened a new branch in Westlands, Nairobi; it’s fourth in the capital.The Westlands restaurant, opened on Sunday is located at Woodvale Groove.The Kenyan franchise of the popular American company is owned by Kuku Foods Kenya, which is in turn owned by South African entrepreneur Simon Schaffer.The other three branches...

Ken on 02nd Dec

In the ongoing Hazina Towers controversy, Nakumatt Supermarket has threatened to slap National Social Security Fund (NSSF) with a 4.7 billion bill if they terminate a 20 year lease.Nakumatt claims the 4.7 billion is calculated from lost businesses and related income from tenants who have sub-let space from it.“Sh4.7 billion is cumulative. There...

Ken on 02nd Dec

British American insurance (Britam) has appointed Francis Muthaura as the board chairman, replacing long-serving Nicholas Ashford-Hodges, who has resigned from the post.The former head of the civil service, who had in August this year been appointed a director in the same company, takes the leadership role with immediate effect.The new board chairman...

Ken on 25th Nov

Welcome to Alical Mothers Counseling Centre, situated at Forthall Learning Institute next to Juvenile remand home in Murang’a town.Target groups: Former std 8 candidates, form 1-4 and those who did their KCSE in the last 2 years. Areas of concern: psychological counselling, malpractice in religion and cult awareness, life skills and career counselling,...

Ken on 21st Nov

Emirates Airline has placed an order for 150 Boeing 777X long-haul jets, as well as a separate 50 Airbus A380 airliners, in a deal said to be worth over $100bn. With a previous order of 90 Airbus jets, the agreement will bring total orders for the world’s largest aircraft to 140, Emirates chief executive, Sheikh Ahmed bin Saeed al-Maktoum,...

Ken on 20th Nov

Miraa and Muguka chewers in Kenya could soon completely change their lifestyle. It will soon be possible for them to enter into a hotel and order a drink of their favourite stimulant.Due to the closure of some of its export markets, the miraa industry has taken a huge beating, and the wastage in the local markets during the raining season is not...

Ken on 20th Nov

The iconic Chester house in Nairobi’s CBD is set to be converted into a hotel. Monarch Group – its owners, will spend Sh 238 million to make the shift from an apartment building.The group, with interests in insurance, real estate and hospitality industries is also in the process of setting up six other accommodation facilities in...

Ken on 19th Nov

The insurer and reinsurer that covered Jomo Kenyatta International Airport prior to the big fire are finding it hard to come to terms with the total amount they have to part with as compensation.Kenya Reinsurance managing director Jadiah Mwarania says that compensation for the airport fire will wipe out all the profit expected this year by JKIA...