The Burugu couple of Peter Burugu and Mary Burugu have pocketed Sh1.23 billion from the sale of their school Regis Runda Academy. The school was sold to South African multinational known as the ADvTECH Group.
"The ADvTECH, Africa’s leading private education...
The amount of bank loans that Kenyans have defaulted has now hit Sh724 billion. In another sign of an economy that is struggling, the volume of non performing loans among commercial banks in the country increased by Sh7 billion...
150 Saccos that have now shut down or gone dormant disappeared with Sh1.33 billion belonging to the Kenya Union of Savings and Credit Co-operatives (Kuscco). In an effort to recover the funds, Kuscco has now asked the national government's...
The Department of State in the United States is reportedly set to roll out a pilot program that will lead to foreign nationals posting bonds of up to $15,000 (close to Sh2 million) in order to be allowed to...
Teachers in Kenya are reeling from shock after discovering that their much anticipated pay raise is as low as Sh36 for some job groups. The teachers were expecting increased salaries after signing a new pay multi billion deal.
However, as...
US President Donald Trump has unleashed a fresh wave of tariffs targeting dozens of countries. The countries that have been hit in the new wave include Canada and Pakistan. According to a report by the BBC, President Trump raised...
The National Treasury has announced that it is planning to sell up to 65 percent of Kenya Pipeline Company (KPC) in an Initial Public Offering (IPO). This has been revealed by Treasury cabinet secretary John Mbadi.
CS Mbadi informed the...
The average amount of money a Kenyan uses to bribe government officials in order to obtain a business licence has risen to more than Sh7,500. This is according to the results of a survey by the organization Transparency International...
A tax dispute has exposed how the Kenyatta family made over Sh1 billion during the construction of the Nairobi Expressway.
According to a report on the dispute that was published on Tuesday by the Nation Media Group's Daily Nation, the...
What are the requirements needed to get the famous Toyota Hiace 9l zero mileage on lipa pole pole for matatu business? This is a common question that many Kenyans contemplating about venturing into the matatu business often ask.
Currently, there...
