Businessman Julius Mwale has proposed to give Mumias Sugar farmers Sh. 2.2 billion. This offer is part of a package by the controversial businessman to lure farmers back into sugarcane farming.
The offer comes hot on the heels of a...
Kenya has signed a Sh. 17.4 billion loan from the government of South Korea to redesign road junctions within Nairobi. The new loan has been taken from the Korean Export and Import Bank. It will be serviced up until...
InterCon Hotel Auction: The InterContinental Hotel which is associated with a firm linked with the family of former late president Daniel Moi has auctioned off its movable assets in a fire sale. This comes as the conversion of the...
Bank Property Auction: Banks in Kenya have stepped up property auctions in a bid to recover money from defaulted loans. The latest data from the Central Bank of Kenya shows that the amount of defaulted loans has decreased as...
Kenya Power Smart Meters: Leading telecommunications firm Safaricom is set to make Sh. 53.5 billion for installing smart electricity meters. The new smart meters will be installed for Kenya Power to large power consumers. The meters are aimed at...
Nairobi BRT system: Only electric buses will be allowed to use the Nairobi Bus Rapid Transit (BRT) system. This has been revealed by the permanent secretary in the State Department of Housing and Urban Development, Charles Hinga.
“We are making...
October Fuel Prices Review: Fuel prices in Kenya have dropped. According to the latest prices that were announced by the Energy and Regulatory Authority, Kenyans who use kerosene will benefit the most. This is because the price of kerosene...
Passports in Kenya are no longer being produced after the government suffered a printer breakdown. Kenyans who submitted their biometrics to the Ministry of Interior's Directorate of Immigration Services have been waiting for months to access their passports. The...
There is going to be nowhere to run for defaulters of the popular Fuliza loans. This follows an update on terms of the loan that will see KCB and NCBA have the ability to hold funds saved in M-Shwari...
Fairview Hotel Sale: In September 2021, the sale of Fairview Hotel and City Lodge Two Rivers at Sh. 1 billion to private equity fund Actis was announced. One month later, it has now emerged that Fairview will not be...
