James Oundo

KRA cancels 66,269 PINs that always file nil returns, don’t file returns

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...

Marcia Hotel building along Mombasa Road to be auctioned

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...

Politicians plan to ask Sh. 100 million kickback to support Mumias revival

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...

How the late Kunste Hotel owner built his empire

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 withdraws multi-billion bid to revive Mumias Sugar

Narendra Raval Mumias Sugar Bid: Steel tycoon Narendra Raval has withdrawn his bid to take over and revive Mumias Sugar.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...

Angry leaders oppose tycoon’s Sh. 5 billion Mumias revival bid

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...

Billionaire Narendra Raval: Why I own only one pair of shoes

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...

Tycoon Simon Gicharu opens Sh. 20 million MKU hotel

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...

The day President Uhuru publicly blasted top bank CEO

Stawi Loans: In November 2019, President Uhuru Kenyatta unleashed a sharp criticism for a certain local bank that had reportedly refused to join the Stawi Loan program that was being spearheaded by the government. The program is a mobile lending...

Lands CS announces mass verification of title deeds in Nairobi area

The Ministry of Lands and Planning says the mass verification of title deeds in Nairobi is ongoing. According to a notice that was issued by the Lands Cabinet Secretary Farida Karoney, the exercise is covering the Nairobi Block 110,...

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Laikipia County announces 191 job vacancies; how to apply

The Laikipia County government has announced a mass recruitment drive targeting professionals across various fields. In a notice, the Laikipia...