BY BUSINESS DAILY
Uchumi Supermarkets is set to close its Jipange (Ruaraka) and Capital Centre branches at the end of this month and seek out space at more profitable locations.
The retailer, which is in the market for an equity investor to...
Kenya will not have electric trains anytime soon. This is after the government dropped plans for electrification of the standard gauge railway (SGR) line between Mombasa and Nairobi.
These plans were shelved due to high high costs and irregular power supply.
“Electrifying this...
BY DAILY NATION
Acting Education Cabinet Secretary Fred Matiang’i has shut down the Presbyterian University of East Africa.
Matiang'i has also ordered the Commission for University Education (CUE) to start winding up the university.
The closure follows a recommendation from the CUE. In a report to...
Despite running a highly successful courier business in Nairobi, entrepreneur Eunice Njoki has been channeling some of her resources into the development of modern libraries in Kenya’s rural areas.
“When I was growing up, I had a burning desire to...
BY JAMES KAHONGEH / BUSINESS DAILY
Paul Kihuha, 31, is an engineering marvel, gifted with a knack for making film props. He says his business is the first of its kind in Kenya.
Known as Protisa — from the name of...
The coveted and revered throne of the World’s Richest Person is no longer occupied by Microsoft billionaire Bill Gates. It has a new king in the name of Jeff Bezos, who is popularly known as the founder of online...
The Cooperative Bank has this year sponsored 655 needy students to join Form One. This has been achieved through the bank’s scholarship scheme which is popularly known as the Co-operative Bank Foundation Scholarship Scheme.
These latest scholarship have brought the...
The Central Bank of Kenya (CBK) has said that the introduction of interest rates has affected the economy badly.
Speaking at a briefing in Nairobi, Governor Patrick Njoroge said the controls that have resulted in a credit crunch as banks...
The port of Mombasa is set to get a Dubai-like vehicles free trade zone popularly known as FTZ.
An FTZ is a re-export gateway where goods in transit are temporarily stored to avoid strict customs regulations and lengthy administrative procedures.
The 1,000-acre Mombasa re-export...
Bidco Africa has ventured into the soft drinks market with the launching of a new juice product dubbed Suntop juices. This product was launched yesterday in conjunction with CO-RO, a provider of fruit juices base in Denmark.
The launch was made...
