Housing Finance has slashed the selling price of the Lazinos Hotel which is located in Nairobi West. The new selling price is now Sh. 240 million, down from quarter a billion shillings. This comes after the mortgage lender failed...
Laico Regency which was formerly and popularly known as the Grand Regency is flat broke. The hotel has no signs of ever making a come back. With zero cash flow, Laico Regency has now started terminating contracts of its...
KU Bank Accounts: The Kenya Revenue Authority has frozen all bank accounts belonging to Kenyatta University over unpaid taxes amounting to Sh. 2 billion. According to a report that appeared in the Sunday Nation, the KRA resulted to blocking...
Fuel Subsidy Scheme: The National Treasury under cabinet secretary Ukur Yatani diverted Sh. 18.1 billion fuel subsidy funds that were meant to cushion motorists from high fuel prices to the Chinese firm running SGR. This has been revealed by...
Presidential Staff Salaries: The salaries and allowances paid to the staff of President Uhuru Kenyatta and his deputy William Ruto increased four times to Sh. 8.64 billion in the year ended June 30, 2021.
According to the Controller of Budget,...
Kenya Commercial Bank has revealed that it suffered an attempted Sh. 2 billion money heist. The theft was attempted by a gang of hackers, who the bank did not identified as local or international.
“In 2020, the KCB Group successfully...
The China Road and Bridge Corporation (CRBC) that is constructing the Nairobi Expressway will rake in profit worth over Sh. 106 billion for the twenty seven years that it will operate the expressway. This means that the firm will...
Unemployment in Kenya: Over 1.2 million Kenyans who are jobless have given up on searching for jobs. The Kenyans, who total 1.23 million, have given up following fruitless searches for work. The majority of these are Kenyans aged between...
Pension Mortgage in Kenya: In July 2021, the Co-operative Bank of Kenya launched the first pension-backed mortgage loan facility in Kenya. This mortgage loan facility has been targeting members of pension schemes in the country.
It is meant to enable...
Joseph Gitonga is the Director of Sales and Marketing at real estate firm Username Investment Limited.
We didn’t have much capital when we started this business. During our first land purchase process, we paid for a property that had been...
