Kingdom Bank Profitability: The Kingdom Bank is anticipating to record a profit of at least Sh. 300 million this financial year. This will be a major turnaround for the bank that has been posting a streak of losses over...
The billionaire Rai Family has emerged as one of the investors bidding to takeover Mumias Sugar in a lease deal. This has been revealed the Mumias Sugar receiver manager PVR Rao.
The revelation comes barely a week after Western region...
KRA PIN Deregistration: The Kenya Revenue Authority has delisted up to 66,269 personal identification numbers of individuals and businesses that have been defaulting on their tax obligations.
The taxman says that the affected accounts have been constantly filing nil returns...
The five-storey building that houses Marcia Hotel has bee put up for auction. The building is being auctioned off by Taifa Auctioneers. The hotel is located near NextGen Mall and Airtel Building.
The ground floor of the building contains spaces...
Mumias Sugar Revival: A week after the proposed lease of Mumias Sugar to steel tycoon Narendra Raval collapsed, reports are emerging that the opposition to the deal which has mainly come from politicians is due to lack of kickbacks.
A...
Nakuru’s Kunste Hotel is well known to travellers. But its owner, Stephen Kung’u, has always lurked behind its success — opting to steer away from media limelight. When he passed on five years ago at his Shabab Estate home,...
Narendra Raval Mumias Sugar Bid: Steel tycoon Narendra Raval has withdrawn his bid to take over and revive Mumias Sugar. Raval, who had stated that he would invest Sh. 5 billion into the moribund sugar company said that his...
Mumias Revival Bid: A multi-billion bid by steel tycoon Narendra Raval to revive Mumias Sugar has run into opposition. This is after political leaders from Western Kenya mounted an opposition to the bid claiming there was no public participation...
In the list of Kenya's richest people, there is one name that may soon be ranked as Kenya's richest person. That name is Narendra Raval. This is the name of the gentleman who runs one of the biggest steel...
Mount Kenya University has opened a Sh. 20 million hotel. The MKU hotel has been opened inside the university's Thika Main Campus and is expected to act as training centre for students pursuing hospitality management courses.
The university founder billionaire...
