Citi projects Safaricom’s net earnings to hit Sh78.7 billion in 2023
Kenyan Wall Street | by Jackson Okoth
Citi Research forecasts that giant telco firm, Safaricom, net profit will to rise from KSh 74.7 Billion posted...
Draft bill to allow Sasra to regulate housing, land cooperatives
Nation | by Peter Mburu
Housing and land cooperatives are facing strict government regulations as they grapple with investment fraud reaching into billions of shillings.
A...
Chinese firms at risk of breaking local contractors rule
Business Daily | by Otiato Guguyu
A number of Chinese firms handling mega road construction projects are at risk of breaching a State policy that...
Hospitality players plead for review of restrictions
People Daily | by Alvin Mwangi
Players from the hospitality industry are now pleading with President Uhuru Kenyatta to relax some of the rules, he...
Treasury removes 20pc excise tax on bank loans
Business Daily | by John Mutua
The Treasury has scrapped the 20 percent excise duty on bank loan fees, setting the stage for possible drop...
Hilton Hotel shuts CBD operations after 53-year stint
Business Daily | by Brian Ngugi
Nairobi’s iconic Hilton Hotel will close its doors indefinitely in December and lay off an unspecified number of workers,...
Life on Mars: simulating Red Planet base in Israeli desert
Nation | by AFP
Inside a huge crater in Israel's sun-baked Negev desert, a team wearing space suits ventures forth on a mission to simulate...
UK firm acquires company building geothermal plant
The Standard | by Macharia Kamau
CDC, the UK development finance institution, is making a foray into Kenya’s geothermal electricity sub-sector.
It has acquired one of...
