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NEWS & CURRENT AFFAIRS

Digital News

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Nicholas Waitathu

Nairobi County freezes pay increase, stops recruitment

Nairobi County Government will freeze pay increase for its employees in the 2015/16 financial year.

By Nicholas Waitathu 8 years ago

Nairobi County freezes pay increase, stops recruitment

Agriculture still Kenya's top growth engine

Agriculture still Kenya's top growth engine

By Paul Wafula and Nicholas Waitathu 8 years ago

Kenya seeks to clean up image in Italy Expo

Kenya seeks to clean up image in Italy Expo

By Lonah Kibet and Nicholas Waitathu 8 years ago

Long-serving CEO retires as CIC charts new growth path

Long-serving CEO retires as CIC charts new growth path

By Jackson Okoth and Nicholas Waitathu 9 years ago

Confusion reigns in stock market over Capital Gains Tax

The Kenya Revenue Authority (KRA) appears to have retreated from its earlier directive requiring stockbrokers to remit capital gains tax each time an investor disposes their shares at the Nairobi Securities Exchange (NSE).

By Jackson Okoth and Nicholas Waitathu 9 years ago

Confusion reigns in stock market over Capital Gains Tax

Workers to pay more as NHIF gazettes new rates

The National Hospital Insurance Fund (NHIF) has published new rates which take effect April 1, this year. This is against protests from the Federation of Kenya Employers (FKE), which is pushing for more consultations.

By Jackson Okoth and Nicholas Waitathu 9 years ago

Workers to pay more as NHIF gazettes new rates

State to prosecute Mumias managers

Mumias Sugar will fire and prosecute its management in a decisive twist that could also have current and past managers surcharged to recover stolen funds.

By Moses Michira and Nicholas Waitathu 9 years ago

State to prosecute Mumias managers

Kenya gives Tanzania two weeks to resolve tour vans dispute

Kenya has given Tanzania a two-week ultimatum to review the bilateral agreement that will allow the latter’s tourism vans to access the Jomo Kenyatta International Airport in the latest spat between the two East African countries.

By Luke Anami and Nicholas Waitathu 9 years ago

Kenya gives Tanzania two weeks to resolve tour vans dispute

Kenya to earn billions after EU removes duties on exports

Kenyans received a rare Christmas gift yesterday after the European Union (EU) removed taxes levied on exports from the country to the 28-member trading bloc. Starting today, Kenyan exports such as flowers, fruits, fish and vegetables entering the European market will not be subject to any tariffs.

By MOSES MICHIRA and NICHOLAS WAITATHU 9 years ago

Kenya to earn billions after EU removes duties on exports

Investors urged to take advantage of reforms

Local and foreign investors have been advised to take advantage of the ongoing reforms to increase their investments, create more job opportunities and help eradicate poverty.

By Jackson Okoth and Nicholas Waitathu 9 years ago

Investors urged to take advantage of reforms

Reprieve for consumers as State announces major drop in fuel prices

It is a sigh of relief for motorists and consumers as the Government announced that fuel and electricity prices have gone down.

By Brigid Chemweno and Nicholas Waitathu 9 years ago

Reprieve for consumers as State announces major drop in fuel prices

Kenyan exports to start enjoying duty-free access to EU next year

Kenyan exporters will start enjoying duty-free access to the European market next year.

By FREDRICK OKOTH and NICHOLAS WAITATHU 9 years ago

Kenyan exports to start enjoying duty-free access to EU next year

Counter accusations mar failed bid to EU market

The Government’s failure to reach a deal on the Economic Partnership Agreement (EPA) has placed Kenya’s foreign policy in the spotlight, raising questions about the country’s ability to adequately represent its trade interests globally.

By Frankline Sunday and Nicholas Waitathu 9 years ago

Counter accusations mar failed bid to EU market

Devolution dilemma as confusion reigns over public service delivery

All senior civil servants attached to the former ministries of Co-operatives, Health, Trade or the Livestock and Fisheries dockets are still retained by the national government.

By By JACKSON OKOTH and NICHOLAS WAITATHU 9 years ago

Devolution dilemma as confusion reigns over public service delivery

Kenya hit as EU taxes exports

Thousands of jobs are at risk after Kenya failed to broker a trade deal with the European Union (EU). This is after the Economic Partnership Agreements (EPAs) that accord preferential export benefits for Kenyan exporters to the EU markets failed to meet Wednesday’s deadline.

By Frankline Sunday and Nicholas Waitathu 9 years ago

Kenya hit as EU taxes exports

Lost opportunities for Kenya as Obama reign enters homestretch

President Obama’s second and final term comes to a close in January 2017, meaning the window of opportunity for both USA companies and Kenya firms to form gainful partnerships and do business, is fast closing.

By Jackson Okoth and Nicholas Waitathu 9 years ago

Lost opportunities for Kenya as Obama reign enters homestretch

Truth behind delay in Kenya's parastatal reforms

The much-hyped public sector restructuring process is being held back by the delayed enactment of critical laws.

By James Anyanzwa and Nicholas Waitathu 9 years ago

Truth behind delay in Kenya's parastatal reforms

NBK owners approve plan to dilute Treasury, NSSF grip

National Bank shareholders have approved a plan to redeem 1.135 billion preference shares held by Treasury and National Social Security Fund (NSSF). The bank plans to use part of the proceeds from the forthcoming Sh13 billion Rights Issue to redeem the shares, a move expected to boost its capital base.

By By NICHOLAS WAITATHU 9 years ago

NBK owners approve plan to dilute Treasury, NSSF grip

NYS to recruit 20,000 every year

The National Youth Service (NYS) plans to recruit a minimum of 20,000 youths every year. This is aimed at curbing radicalisation of jobless youth by vigilante groups, Cabinet Secretary for Devolution and Planning Anne Waiguru has said.

By Isaac Meso and Nicholas Waitathu 9 years ago

NYS to recruit 20,000 every year

Competition agency to probe existence of cartels in coffee industry

The Competition Authority of Kenya (CAK) will launch investigations into claims of powerful cartels in the coffee business in the country.

By NICHOLAS WAITATHU 9 years ago

Competition agency to probe existence of cartels in coffee industry

Lobby moves to streamline Chamas

In 1997, a group of 29 wealthy businessmen, mostly from central Kenya formed TransCentury. It started off as a simple investment vehicle commonly referred to as chama. The tycoons had vitality and each of the 29 was to bring to the table Sh1 million each. They had ambition.

By By NICHOLAS WAITATHU 10 years ago

Lobby moves to streamline Chamas

KRA closer to netting landlords for tax on rental income

It will soon be easier to detect landlords who have been evading paying taxes on their rental income to the Kenya Revenue Authority.

By NICHOLAS WAITATHU 10 years ago

KRA closer to netting landlords for tax on rental income

Jubilee to acquire seven firms in expansion plan

Jubilee Holdings Limited will acquire seven new companies in 12 countries in Africa as part of its bigger expansion business strategy.

By NICHOLAS WAITATHU 10 years ago

Jubilee to acquire seven firms in expansion plan

Britam profit up 12pc, driven by good returns

British American Investment Company’s (Britam) pretax full-year profit rose 12 per cent, helped by a rise in investment income.

By NICHOLAS WAITATHU 10 years ago

Britam profit up 12pc, driven by good returns

New KenGen boss seeks Sh30b to fund projects

Kenya Electricity Generating Company (KenGen) new boss says the firm will raise Sh30 billion this year to fund energy projects.

By By NICHOLAS WAITATHU 10 years ago

New KenGen boss seeks Sh30b to fund projects

Kenya requires Sh475 billion to boost agriculture

The Government and private sector faces a daunting task of mobilising Sh475 billion in the next three years to finance various programmes in the agriculture sector. This will help the country increase food production.

By By NICHOLAS WAITATHU 10 years ago

Kenya requires Sh475 billion to boost agriculture

State to ban goods on vehicle rooftops

The Government is considering banning PSV carrying goods on the rooftops. The ban is part of safety enhancement in the public transport sector aimed at of reducing road accidents.

By NICHOLAS WAITATHU 10 years ago

State to ban goods on vehicle rooftops

Travel firms fear Sh13billion loss in tendering process

Local Agents offering travel services to ministries, parastatals and Semi–Autonomous Government Agencies (SAGAs) are likely to lose business worth up to Sh13 billion in the current financial as government contract new service providers.

By By NICHOLAS WAITATHU 10 years ago

Travel firms fear Sh13billion loss in tendering process

Kenya defies insecurity jitters to attract Sh136b investments

Kenya’s local and foreign investment inflows increased by more than 124 per cent in the 11 months to November.

By By NICHOLAS WAITATHU 10 years ago

Kenya defies insecurity jitters to attract Sh136b investments

Red tape threatens to strangle local flower industry

Flower industry is seeking a streamlined regulatory regime, which in its current state they say is over supervised thus strangling its growth.

By NICHOLAS WAITATHU 10 years ago

Red tape threatens to strangle local flower industry

Nairobi’s Eastlands set for facelift with plan to build 80,000 houses

Nairobi County government will build over 80,000 housing units in the Eastlands for resale

By By NICHOLAS WAITATHU 10 years ago

Nairobi’s Eastlands set for facelift with plan to build 80,000 houses

Hunger looms as deadly weed destroys 450,000 tonnes of maize

Western and parts of Nyanza are at risk of losing an estimated 450,000 tonnes of maize. This is as striga — a parasitic weed continues to decimate over 300,000 hectares of the crop.

By By NICHOLAS WAITATHU 10 years ago

Hunger looms as deadly weed destroys 450,000 tonnes of maize

BPO sector set to grow as Adec enters market

Kenya’s efforts to become a business process outsourcing and sustainability centre received a major boost yesterday after an international provider of customised onshore and offshore outsourcing solutions opened office in Nairobi.

By BY NICHOLAS WAITATHU 10 years ago

BPO sector set to grow as Adec enters market

State to ban goods from matatu roofs

The government will outlaw mounting of carriers on the rooftops of passenger services vehicles.

By BY NICHOLAS WAITATHU 10 years ago

State to ban goods from matatu roofs

Kenya farmers bet on branding to shore up earnings

Farmers and traders stand to earn more as government intensify efforts to legalise branding of local exports.

By By NICHOLAS WAITATHU 10 years ago

Kenya farmers bet on branding to shore up earnings

Enterprise reap from Sh6b youth fund

More than 157,000 youth enterprises have been financed by the youth fund to the tune of Sh6 billion. Youth Enterprise Development Fund (YEDF) chairman Gor Semelang’o (pictured) said since its inception in 2006, more than 200,000 youthful entrepreneurs have been trained and 300,000 jobs created.

By By NICHOLAS WAITATHU 10 years ago

Enterprise reap from Sh6b youth fund

Crisis at vehicle inspection unit

No motor vehicle inspection has been carried out for the last two weeks since the Government gazetted new inspectors.

By - NICHOLAS WAITATHU 10 years ago

Crisis at vehicle inspection unit

State to unveil new fare system for commuters

All public service vehicles (PSV) will be required to implement and operate a cashless payment system for all fares by July 2014.

By By NICHOLAS WAITATHU 10 years ago

State to unveil new fare system for commuters

Kenya faces Sh200b in export losses over new laws

Over 40 agricultural organisations have warned that the recently enacted agricultural legislations if implemented in their current form would jeopardise exports, leading to a Sh200 billion foreign exchange loss.

By By NICHOLAS WAITATHU 10 years ago

Kenya faces Sh200b in export losses over new laws

Westgate Mall victims to miss out on compensation for lack of terror cover

Businesses that have not insured against terrorism, including those at the Westgate Mall, will have to bear with huge losses and costs.

By By NICHOLAS WAITATHU 10 years ago

Westgate Mall victims to miss out on compensation for lack of terror cover

Kenya steps up measures to set up fertiliser factory, cut imports

The government has embarked on a process to secure a strategic investor to help establish a fertiliser manufacturing plant in the country.

By By NICHOLAS WAITATHU 10 years ago

Kenya steps up measures to set up fertiliser factory, cut imports

Banks lock out more than 600,000 loan defaulters

Lenders in Kenya have blacklisted more than 600,000 loan defaulters in the last three years.

By By NICHOLAS WAITATHU 10 years ago

Banks lock out more than 600,000 loan defaulters

Changing face of Kenya’s public transport system

Kenya Railways is racing to meet a tight deadline. The groundbreaking ceremony for a new railway line is just over a month away.

By By JACKSON OKOTH and NICHOLAS WAITATHU 10 years ago

Changing face of Kenya’s public transport system

Device that reduces road accidents hits local stores

A South African manufacturing company Protectall Africa Ltd has launched a new device aimed at reducing runway carnage on roads.

By By NICHOLAS WAITATHU 10 years ago

Device that reduces road accidents hits local stores

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