James Oundo

KRA shuts down broke Keroche Breweries, hundreds lose their jobs

Keroche Breweries Shut Down: The Kenya Revenue Authority has shut down troubled Keroche Breweries. The taxman has shut down the brewer over Sh. 332 million tax arrears. The shut down is expected to result in hundreds of workers losing...

Sh. 5.5 billion houses at US embassy estate in Nairobi to be ready in May

The US embassy estate worth Sh. 5.5 billion that is being constructed in Nairobi’s Rosslyn estate is set to be completed within the next two months. The estate comprises of 90 units which are being developed by Gateway Real Estate...

MultiChoice to demolish Sh. 900 million building in Kileleshwa

Pay television service provider MultiChoice is set to bring down a multi-million building in Nairobi. MultiChoice will demolish the building which is estimated to be worth Sh. 895 million. The building is the subect of a court battle between MultiChoice...

Cost of second hand Vitz hits Sh. 1 million, Rav4 Sh. 2.84 million

If you are planning to buy a second hand car, you should be prepared to cough up nearly double the amount of money you would have paid a few months ago for the 2015 model vehicles, which are the...

How Manu Chandaria lost top company to NCBA over Sh. 4.3 billion debt

Even the rich cry, it is said. This appeared to have been the case in mid 2021 when famed businessman and billionaire Manu Chandaria lost one of his top companies to the NCBA Bank. The company which was owned...

Places where Kenya’s wealthiest are now buying or building homes

A new report has revealed places where the wealthiest in Kenya are now buying or building homes. According to the report by property firm Knight Frank, Kenya's wealthiest are going for Tigoni in Limuru, Kiambu and Miotoni in Karen,...

CBK to force Lipa na M-Pesa to accept payments from Airtel, rivals

Mobile Money Interoperability: Central Bank of Kenya is set to force Safaricom's Lipa na M-Pesa to start accepting payments from Airtel and other money transfer rivals. This will be done through a national payment system which the CBK is...

You will soon be asked to have Huduma Namba to send money

Kenyans will soon be asked to have a Huduma Namba in order to send cash or do any other digital money transactions. According to a report that appeared in the Daily Nation on Thursday, the Central Bank of Kenya...

University honours Co-op Bank CEO for his role in Kenya’s banking growth

The Co-operative University of Kenya (CUK) has nominated Co-operative Bank chief executive officer Dr Gideon Muriuki for the conferment of the Doctor of Humane Letters. Dr Muriuki will be honoured for his distinguished career in the banking industry, and especially...

Qatar bans 12 Kenyan job recruitment agencies. See list

Qatar has banned 12 Kenyan job recruitment agencies. This follows following pressure from job seekers and trade unions to ensure that workers from Kenya who go to Qatar are treated better. The list of agencies that have been banned include...

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A scholarship honours a Kenyan couple’s legacy and reflects a growing tradition of educational philanthropy in Africa

Scholarship honours: Education's Enduring Role in Kenya's Development For generations, education has occupied a singular place in Kenyan society. It...