Business Archives - Page 82 of 106

Jimi Wanjigi and Wife Sued For Allegedly Defrauding Businessman of Sh 56 MILLION

City tycoon Jimi Wanjigi has been sued by businessman Yogesh Patel for allegedly defrauding him of Sh56 million. In his suit, Mr Patel accuses Jimi

April 18, 2019

Business·News·TL

Sh15M Fine or 2 Years in Jail for Former Kenya-Re Boss Who Stole Sh7.2M

The anti-corruption court on Tuesday slapped former Kenya Reinsurance Corporation Managing Director Johnson Jackson Githaka with a fine of Sh15.2 million for stealing Sh7.26 million. Mr

April 11, 2019

Business·News·TL

Windsor Hotel Employee Awarded Sh2.6 Million after She was Sacked Over Pregnancy

A former employee of Windsor Hotel and Country Club is laughing all the way to the bank after a court awarded her Sh2.5 million as compensation

April 9, 2019

Business·News·TL

Matiang’i Gives Betting Firms 3-Month Ultimatum to Remit Taxes or Else…

Betting companies in Kenya have until June 30 to prove that they are tax-compliant or risk having their operating licences revoked, Interior CS Fred Matiang’i

April 2, 2019

Business·News·TL

Fake Phones Worth Sh8 million Seized in Nairobi’s Luthuli Avenue

The Anti-Counterfeit Authority have confiscated counterfeit mobile phones estimated to be valued at over Sh8 million in Nairobi. The Authority also seized mobile phone accessories such

March 27, 2019

Business·News·TL

Sacco Owners, Managers to Undergo Lifestyle Audit

Lifestyle audits will be conducted on owners and managers of Savings And Credit Co-Operatives (Saccos), the Ethics and Anti-corruption Commission (EACC) has said. This follows a

March 26, 2019

Business·News·TL

KQ Financial Position has Improved: Q&A With CEO Sebastian Mikosz

Kenya Airways chief executive Sebastian Mikosz answers questions from members of the public. Sir, I am a small shareholder of Kenya Airways who, like

March 25, 2019

Business·TL

City Business Lady Agnes Kagure Stations Goons to Man Property Despite Court Orders Against it

– Kagure claims to have bought the property at 100m in cash from the owner who is now deceased – She filed criminal case

March 19, 2019

Business·News·TL

Law Capping Interest Rates is Unconstitutional, High Court Rules

The section of the Banking Act that introduced capping of interest rates is unconstitutional, a high court in Nairobi has ruled. A three-judge bench

March 15, 2019

Business·News·TL

KEBS Takes Action Over “Substandard” Always Pads in Kenya

The Kenya Bureau of Standards has responded to the growing complaints about the quality of Always pads in Kenya as alleged by multiple women on

March 15, 2019

Business·Social Media·TL

“This is How Much I Earn,” KQ Boss Disputes Sh8 Million Salary Claims

Kenya Airways chief executive Sebastian Mikosz has dismissed claims on social media that he earns a monthly salary of over Sh8 million. In a statement

March 11, 2019

Business·News·TL

Laikipia County Butt of Twitter Jokes After Unveiling Sh450,000 ‘Car’ at DevCon2019 – PHOTOS

An ambitious vehicular innovation showcased by Laikipia County at the Devolution Conference in Kirinyaga is all the rave on social media. The mini car

March 8, 2019

Business·Social Media·TL

Revealed: Only 0.7 % of Bank Accounts in Kenya Hold More Than Sh1 Million

Majority of Kenyans have less than Sh1 million in their bank accounts, CBK Governor Patrick Njoroge has said. Mr Njoroge made the revelation when

February 27, 2019

Business·News·TL

Sh3M Worth of Fake Samsung Phones Nabbed in Raid on Nairobi Stores

The Anti-Counterfeit Agency has impounded fake Samsung products worth Sh3 million following a raid in Nairobi. The authority also arrested several people over the sale

February 27, 2019

Business·News·TL

Debt Collection in Kenya: Everything to Know From Debt Collector Haron Kanuli

Haron Kanuli is an established debt collector based in Kenya. He spoke to the Nairobian about the uncelebrated profession. How are debt collectors different

February 25, 2019

Business·TL

Meet Michael Ouma: Kibera Toy Bus Maker With a Gift for Nyamira Express Owner

Michael Ouma is a Kibera-based craftsman and businessman who makes toy buses to make a living. He spoke to SDE about his craft and

February 25, 2019

Business·featured·TL

GOOD NEWS as ERC Reduces Fuel Prices Further

Kenyans can heave another sigh of relief after the Energy Regulatory Commission (ERC) slashed oil prices yet again in this month’s review. According to a

February 15, 2019

Business·News·TL