The Institute of Directors (IOD) has criticised the appointments of politicians to head key parastatals and state corporations, insisting that these positions should be filled by qualified individuals who are members of the institute.

It will soon be possible for the public to make cashless payments when seeking for services from any Government ministries, departments or agencies. This will happen when the State rolls out an electronic payments platform for the public sector.

Kenya’s economy is expected to perform below expectations this year owing to insecurity in parts of the country. Also feeding into this sluggish growth narrative are low prices for tea and coffee in the international markets for most parts of this year.

The Government and the International Monetary Fund (IMF), are to sign a stand-by loan deal totaling Sh65.5 billion ($750 million) to support the county’s economic reforms, including big ticket infrastructure and energy projects.

A combination of travel advisories by European countries and cancellation of flights to West African Ebola hit routes and high fleet costs have eaten into Kenya Airways’ fortunes over the last six months.

The Institute of Certified Public Accountants of Kenya (ICPAK) has raised concerns over rising cases of mobile money, procurement and cyber fraud, calling for increased vigilance.

Competition for a share of Kenya’s high end shoppers market has moved a notch higher, following the construction of a second site at Nairobi’s Karen area, where a French International hypermarket chain-Carrefour, will be located.

Kenya will from October 29 to 31 host the International Co-operatives Summit 2014 to address challenges facing the sub-sector.

Competition for a share of the lucrative Nairobi-Mombasa route has moved a notch higher. This follows the entry of SouthEast Airlines, a subsidiary of African Express Airways into this route. Its inaugural flight from Jomo Kenyatta International Airport (JKIA) to Moi International Airport in Mombasa departs Nairobi at 7.00 am today, an official at the airline confirmed.

Competition in the investment banking business has gone up a notch higher. This follows the entry of EBI Investment Corporation Kenya Limited, a subsidiary of Ecobank Capital. It has been granted an investment banking licence by the Capital Markets Authority (CMA).

A conference on effective use of digital media will be held next week in Nairobi. The meeting focusing on online technology has been organised by Globetrack International and the United States International University (USIU-Africa).

Cabinet has limited foreign travel to only the most critical trips. In a meeting held on Thursday last week, it was resolved that ambassadors or county commissioners will represent Cabinet secretaries where appropriate.

Global Security firm G4S plc has unveiled a specially fabricated fleet of vehicles with protective and offensive capabilities to support its cash transit business in Kenya.

TransCentury board has approved the acquisition of Aureos East Africa Fund’s entire shareholding in Cable Holdings Kenya Ltd.

Kenya Airways announced a positive increase in its turnover for the current (2013/14) financial year to Sh106 billion from Sh98.9 billion over the same period last year, despite a rise in its pre-tax loss.

The Central Bank of Kenya (CBK) has fully automated Over-The-Counter (OTC) trading for Treasury Bills, which previously was transacted using physical forms.