Business Archives - Page 81 of 106

Ban on Betting Ads Suspended after Artiste Sues Betting Board

The High Court on Monday temporarily suspended a government directive banning advertisements of gambling and betting. Early this month, the Betting Control and Licensing

May 21, 2019

Business·News·TL

Matiang’i To Deport Directors of Betting Companies

Interior Cabinet Secretary Fred Matiang’i is once again talking tough on gambling. Matiang’i has faulted betting companies for corrupting the youth, and leaving many

May 20, 2019

Business·TL

Moi Beats Deadline and Registers for Huduma Namba

With just a day left before the completion of the mass registration of Huduma Namba, Kenyans took to their nearest stations, forming queues from

May 17, 2019

Business·News·TL

Why Nairobi’s Luthuli Avenue Will Be Closed for 2 Weeks

The Nairobi city government is set to block one of the busiest streets in the capital for about 2 weeks. Luthuli Avenue, known for

May 17, 2019

Business·News·TL

KCB CEO Joshua Oigara Monthly Salary Rises To Sh22 Million

KCB Group Chief Executive Officer Joshua Oigara’s compensation for the year 2018 clocked in at Sh273 million, the bank has announced. This is an

May 15, 2019

Business·News·TL

Why Pangani Residents are Receiving Sh600,000 Each

About 48 residents of Old Pangani Estate will receive Sh600,000 each to vacate their properties. Nairobi County government has paid out Sh28.8 million to the

May 15, 2019

Business·News·TL

New Nairobi BRT Buses Spotted in South Africa

The BRT debate seems to be a never ending one. Nairobians have been lied to by their government many times, and things seem to

May 14, 2019

Business·TL

Two Fined Sh7.3 MILLION Each for Defrauding Kenya Re of a House Valued at Sh3 MILLION

Former Finance Director at Kenya Reinsurance Corporation Mr John Faustin Kinyua has been found guilty of abuse of office. Kinyua and his co-accused, ex-Heritage Insurance

May 14, 2019

Business·News·TL

Government Announces Free Entry Into Maasai Mara on this Day

The county government of Narok has announced free entry into the world renowned Maasai Mara Game Reserve on Madaraka Day. The announcement was made

May 13, 2019

Business·TL

Kenyan Company Starts Manufacturing ARV Drugs

A pharmaceutical company has started manufacturing ARV drugs marking the first time commercial ARVs are being manufactured in the country. Universal Corporation, based in

May 13, 2019

Business·News·TL

KRA Demands Sh14 Billion from Sportpesa

The Kenya Revenue Authority (KRA) has issued Kenya’s biggest betting firm Sportpesa a Sh14.9 billion tax bill. According to KRA, Pevans East Africa, the

May 10, 2019

Business·News·TL

Skydive Diani Wants Ksh3.6m Compensation But the AG Will Have None of It after Deadly Skydiving Accident

Attorney-General Paul Kihara has contested an application by SkyDive Diani Club challenging the government’s order for it to cease operations. The State, through the Interior

May 10, 2019

Business·News·TL

How To Watch Restricted Netflix, YouTube Content in Kenya

More Kenyans are moving are moving away from traditional TV. Mainstream stations like NTV, KTN and Citizen continue to see decline viewership, and the

May 8, 2019

Business·Tech·TL

Full List: Murang’a Top 6 Billionaires

Central Kenya has long been associated with most of Kenya’s old money. A good number of ageing billionaires come from the region, with most

May 7, 2019

Business·Celeb Net Worth·TL·ZE

Diaspora Remittances Rise To Sh67 Billion in Q1

Diaspora remittances continue to establish themselves as a top source of Kenya’s foreign exchange. In the first 3 months of this year, Kenyans living

May 7, 2019

Business·TL

Idle Assets Belonging to Naivas Founder Surrendered to State

The Treasury has taken over the assets of Naivas Supermarkets founder Peter Mukuha Kago, who died on May 6, 2010. The Unclaimed Financial Assets Authority (UFAA) said

May 7, 2019

Business·News·TL

Nation Media Ordered to Pay Jimmy Wanjigi Sh8 Million for Fake Obituary

Media giant, Nation Media Group has been ordered by the High Court in Nairobi to pay controversial wheeler dealer Jimmy Wanjigi and his wife

May 3, 2019

Business·News·TL

Safaricom Posts Record KSh 63 Billion Profit

Mobile telco, and East Africa’s most profitable company, Safaricom, has once again posted increased revenue and profit. For the full year 2018, Safaricom posted

May 3, 2019

Business·News·TL

Communication Authority Announces New Mobile Number Prefix – 01xxxx

Since the beginning of the mobile telephone age, Kenya has known only one prefix – 07xxx. It is unclear how this was arrived it,

May 3, 2019

Business·TL

Nairobi’s Elevated Highway Construction To Start in 4 Months

The construction of Nairobi’s first double-decker road is set to start in September, according to transport CS James Macharia. The Sh59 billion road will

May 2, 2019

Business·News·TL

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Business - Page 81