Jubilee Holdings chief executive officer Patrick Tumbo has resigned. Tumbo had served as the top chief for 10 years.
His resignation was announced by the Jubilee Holdings board on Thursday.
The board further annoinced that Tumbo will be replaced by Jubilee...
The cost of petrol, kerosene and diesel has gone up yet again. The latest prices mark a four year high for the prices, signaling pain at the pump for consumers.
The Energy Regulatory Commission (ERC) increased the price of...
From the 2018-2019 budget that was read yesterday by Treasury CS Henry Rotich, we have listed all the new budget taxes that have been imposed:
Import Duties.
1. Steel & Iron productd - from 25 - 35%
2. Paper & paper board...
Kenya's public debt has now hit Sh. 5 trillion and is causing lots of anxiety. The debt adds to the concerns that have been growing on the government's appetite for loans, most of which cannot be fully accounted for.
According...
Centum investment has recorded a drop in its full-year net profits to Sh2.7 billion from Sh8.2 billion in 2017 mainly due to lower property valuation gains and tough business environment in 2017. The Company’s full-year pre-tax profit dropped 64...
Kenya Airways has announced that it paid its former chief executive officer, Mbuvi Ngunze, a total of Sh. 104.8 million when he left the airline last year.
Mr Ngunze earned a total of Sh. 89.9 million in the nine months...
Former radio queen Angela Angwenyi has been caught up in the NYS cash theft scandal yet again.
According to a report appearing in the Business Daily, Ms. Angwenyi's bank account is among the over 115 bank accounts that have been...
Frozen bank accounts in NYS scandal: As investigations into the mega theft of some Sh. 9 billion NYS cash gains steam, more than 115 bank accounts have been frozen.
The frozen bank accounts in NYS scandal, which are in 14...
Kenyan youth, women, disabled persons and small enterprises are set to start getting government loans at 6 per cent interest under the Biashara Kenya Fund.
The cheap loans follow a decision by the government to consolidate existing youth and women...
BY THE STANDARD
A close relative of President Uhuru Kenyatta was among suppliers who were paid millions of shillings by National Youth Service (NYS).
Paul Gathecha Muhoho company, Petrokenya Oil Company Limited, made Sh. 68 million this year for supplying diesel...
