Billionaire businessman Peter Munga has settled an outstanding loan with Jamii Bora.
The payment has averted the auctioning of his Sh. 400 million property.
Apparently, the outstanding debt stood at Sh. 25 million which he had guaranteed a friend.
Galaxy Auctioneers last...
A 90 kilogram bag of maize will sell at Sh. 3,200. This is according to the Ministry of Agriculture.
Agriculture cabinet secretary Willy Bett announced the price, which is six per cent more than last year’s when the National Cereals...
Billionaire industrialist Chris Kirubi has added a new super expensive toy to his collection of cars.
Mr. Kirubi is the new owner of a customized Bentley Bentayga W12 Signature.
The sports utility vehicle is worth $368,299 which is equivalent to Sh....
Billionaire businessman Peter Munga’s Sh. 400 million estate has been put for auction over an unpaid debt.
Galaxy Auctioneers, in a notice published in the local dailies, invited those interested in buying Mr Munga’s five units of four-bedroom maisonettes in...
Ethiopia, whose economy recently overtook Kenya’s, is now the fastest-growing economy in sub-Saharan Africa, according to a new World Bank report.
This means Ethiopia’s economy will further stretch its lead on Kenya’s even as the latter grapples with economic headwinds,...
Tuskys Supermarket has confirmed that it is planning to takeover troubled retailer Nakumatt. Subequently, Tuskys has written has written to the competition watchdog.
Nakumatt is currently facing imminent collapse following a ballooning debt that runs into billions of money.
Dan Githua, Tuskys’...
BY WINNIE ATIENO / BUSINESS DAILY
At 17, Kenneth Opondo was serving a six- month sentence at Kodiaga Prison in Kisumu. This is after he was caught circulating fake money at an M-Pesa outlet where he was employed. He was...
Engineers in Morocco are preparing to test Africa’s first high-speed railway this week with trains reaching 320 kilometers (200 miles) per hour, the country’s rail office said Monday.
One train reached 275 kph (170 mph) on Monday along a stretch...
Troubles keep piling on once glorified retailer Nakumatt Supermarket.
The retailer has now shut down two more branches. It closed down its Bamburi branch in Mombasa and the Lunga Lunga outlet in Nairobi’s Industrial Area.
The branches are the latest in a...
Opposition leader Raila Odinga has said that Kenyans who supported his presidential campaign through the NASA pay bill number will not get any refund following his decision to withdraw from the presidential repeat vote.
Mr. Odinga, who was speaking on...
