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NEWS & CURRENT AFFAIRS

Digital News

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Otiato Guguyu

How fading boda boda boom is spawning bloodshed in villages

As more riders join the business due to low entry barriers, market saturation has led to reduced incomes.

By Otiato Guguyu 8 months ago

How fading boda boda boom is spawning bloodshed in villages

State won’t block Huawei from rolling out 5G network, says CS

State won’t block Huawei from rolling out 5G network, says CS

By Otiato Guguyu 5 years ago

How Uhuru regime has helped banks mint billions

How Uhuru regime has helped banks mint billions

By Otiato Guguyu 5 years ago

Co-op bank to bail out Metropolitan Sacco

Co-op bank to bail out Metropolitan Sacco

By Otiato Guguyu 5 years ago

De La Rue exporters get nod to sell locally

Currency printing firm De la Rue has been given a year to enjoy tax-free status under an export licence while supplying products locally.

By Otiato Guguyu 5 years ago

De La Rue exporters get nod to sell locally

Legal change whittles down Treasury powers on Budget

Government will not be able to surprise Kenyans with new taxes on Budget day.

By Otiato Guguyu 5 years ago

Legal change whittles down Treasury powers on Budget

NSE boosts traders with new market

The settlement between positions will also be done on a daily basis, unlike before when the contract had to mature first.

By Otiato Guguyu 5 years ago

NSE boosts traders with new market

Rate cap repeal to cost State dearly

Banks foresee a rise in income from lending to the Government once the rate cap is repealed.

By Otiato Guguyu 5 years ago

Rate cap repeal to cost State dearly

Bad loans at 12-year high as businesses suffer

Kenyan businesses have found it increasingly hard to repay their debt with the rate of non-performing loans (NPLs) climbing to a 12-year high.

By Otiato Guguyu 5 years ago

Bad loans at 12-year high as businesses suffer

KCB offers Sh5.6b for National Bank

The valuation is seen as a bargain for the lender that has been valued at Sh9b by Parliament.

By Otiato Guguyu 5 years ago

KCB offers Sh5.6b for National Bank

CMA nets more money in Kobil insider trading

Regulator finds former Kestrel boss and two traders guilty of irregular dealing in oil marketer’s shares, handing down market bans and recovering the

By Otiato Guguyu 5 years ago

CMA nets more money in Kobil insider trading

Inadequate skills, obsolete technology blunt Kenyan firms’ competitive edge

A study of about 100 firms drawn from 12 sectors of production shows that six per cent of them completely used manual labour.

By Otiato Guguyu 5 years ago

Inadequate skills, obsolete technology blunt Kenyan firms’ competitive edge

Will this chief executive take HF from bust to boom?

Kibaara says his leadership style is putting the right people at the right places as he engineers cultural transformation and agility at the bank.

By Otiato Guguyu 5 years ago

Will this chief executive take HF from bust to boom?

No CRB listing for loan defaulters before 6 months

Lenders have three months to comply with new guidelines that bar them from reporting mobile borrowers before the lapse of 180 days.

By Otiato Guguyu 5 years ago

No CRB listing for loan defaulters before 6 months

Kenya’s agriculture, industry joined at hip

The manufacturing sector’s growth can be tracked by the weather patterns, with rain determining the level of expansion.

By Otiato Guguyu 5 years ago

Kenya’s agriculture, industry joined at hip

Questions raised over proceeds of NBK branch sales

Questions have emerged over the proceeds of the 2015 sale of National Bank of Kenya (NBK) branches to meet regulatory requirements.

By Otiato Guguyu 5 years ago

Questions raised over proceeds of NBK branch sales

Struggling Choppies closes Bungoma unit

Many of these suppliers are smarting from what happened to them when other retailers recently closed shop.

By Otiato Guguyu 5 years ago

Struggling Choppies closes Bungoma unit

Maize imports fall as traders wait for duty-free window

People needing food assistance, the agency said, will increase from 1.6 million in May.

By Otiato Guguyu 5 years ago

Maize imports fall as traders wait for duty-free window

Regional disputes threaten to stall mega EAC projects

The squabbles in the Horn of Africa have so far been restricted to shuttle diplomacy

By Otiato Guguyu 5 years ago

Regional disputes threaten to stall mega EAC projects

CMA gets nod to punish former Imperial directors

Court of Appeal in a precedent-setting ruling dismisses their claim of bias against the regulator.

By Otiato Guguyu 5 years ago

CMA gets nod to punish former Imperial directors

Cement exports plummet by 87pc

According to KNBS the value of cement exports in the first quarter of 2017 has fallen sharply from was Sh877m to Sh11m this year.

By Otiato Guguyu 5 years ago

Cement exports plummet by 87pc

Bane of fake motor insurance claims continues to stalk firms

Surprisingly, there were only two fraudulent medical claims during the period under review.

By Otiato Guguyu 5 years ago

Bane of fake motor insurance claims continues to stalk firms

Two million face hunger as State intervention falls short

Country plans to import maize as local production not adequate.

By Otiato Guguyu 5 years ago

Two million face hunger as State intervention falls short

Petrol prices to rise again

To harmonise the price changes, the Finance Bill 2019 wants to change the date of adjusting excise duty to October.

By Otiato Guguyu 5 years ago

Petrol prices to rise again

New market will let you bet on stocks

Investors will be able to put up a fraction of the share’s value and wait for price movements.

By Otiato Guguyu 5 years ago

New market will let you bet on stocks

Tax flop on small traders to hit KRA

It, however, failed to take off after counties issued licences without loading the KRA charge.

By Otiato Guguyu 5 years ago

Tax flop on small traders to hit KRA

Companies struggle to repay maturing bonds in tough year

Reports indicate that UAP Holdings is seeking a loan to pay the debt

By Otiato Guguyu 5 years ago

Companies struggle to repay maturing bonds in tough year

Treasury on the spot over Sh75b World Bank loan

According to latest figures, CS Rotich ignored amount approved by Parliament in taking up new debt from global lender.

By Otiato Guguyu 5 years ago

Treasury on the spot over Sh75b World Bank loan

KCB boss to head National Bank team

The transition process is expected to be completed by September this year.

By Otiato Guguyu 5 years ago

KCB boss to head National Bank team

The danger of Kenya’s reliance on borrowed forex reserves

Though CBK is optimistic about a steady buffer, the harsh reality is that most of the hard currency is not from exports.

By Dominic Omondi and Otiato Guguyu 5 years ago

The danger of Kenya’s reliance on borrowed forex reserves

Maiden Eurobond comes due

CBK will on Monday make a principal repayment of Sh80b of the controversial international debt.

By Otiato Guguyu 5 years ago

Maiden Eurobond comes due

CBK boss defends ‘Banki’ on new notes

The Central Bank of Kenya (CBK) has defended the Swahili translation of the word “bank” on the new banknotes after a backlash from netizens.

By Otiato Guguyu 5 years ago

CBK boss defends ‘Banki’ on new notes

Kenya’s reliance on donor funds grows

New report shows 42pc of the country’s development expenditure is now donor-funded.

By Otiato Guguyu 5 years ago

Kenya’s reliance on donor funds grows

All set for anti-dumping agency

The Government will next month set up an agency to rid the country of cheap imports.

By Otiato Guguyu 5 years ago

All set for anti-dumping agency

UK betting company buys Kenyan lottery

Tenlot Group has taken up an 85pc in Kenya Charity Sweepstake as it eyes expansion in local and regional markets.

By Otiato Guguyu 5 years ago

UK betting company buys Kenyan lottery

Real estate trusts get tax exemptions

The Trust owns Greenspan Mall, Bay Holdings and Highway House

By Otiato Guguyu 5 years ago

Real estate trusts get tax exemptions

How most of Sh3tr budget will line pockets of the rich

Also, a worrying trend is that development expenditure is only a fifth of total spending

By Otiato Guguyu and Jevans Nyabiage 5 years ago

How most of Sh3tr budget will line pockets of the rich

Auctioneer hammer to fall on defaulters of CMA fines

The regulator is also pursuing Former National Bank of Kenya managing director Munir Ahmed

By Otiato Guguyu 5 years ago

Auctioneer hammer to fall on defaulters of CMA fines

Removal of storage fees to boost port

The Port of Mombasa shrugged off challenges of new taxation and re-inspection of goods to record a 70 per cent jump in net profits to May this year.

By Otiato Guguyu 5 years ago

Removal of storage fees to boost port

Coca-Cola sells head office in Nairobi

Restructuring of Coca Cola beverages in Kenya is shaping up with the completion of acquiring franchises and sale of its head offices in UpperHill.

By Otiato Guguyu 5 years ago

Coca-Cola sells head office in Nairobi

Startups now get tax reprieve as they list at the Nairobi bourse

Finance Cabinet Secretary Henry Rotich has given firms with tax issues an amnesty to list at the Nairobi Bourse.

By Otiato Guguyu 5 years ago

Startups now get tax reprieve as they list at the Nairobi bourse

Uhuru’s Big Four agenda projects get more funds

Rotich says first year scorecard to include Eldoret-based textile maker Rivatex, which will be launched in the coming weeks.

By Otiato Guguyu 5 years ago

Uhuru’s Big Four agenda projects get more funds

Big win for small suppliers as State to finally pay up

PS says special groups to be given priority, with the rest having to wait for the new financial year to kick in.

By Otiato Guguyu 5 years ago

Big win for small suppliers as State to finally pay up

Uganda joins ban on Kenya notes

Bank of Uganda issued a notice barring currency conversion and repatriation to Kenya stating that all conversions would be done within Kenya.

By Otiato Guguyu 5 years ago

Uganda joins ban on Kenya notes

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