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Tuju

Judge recuses herself as Tuju’s Ksh 1.6 billion debt row takes dramatic turn

Nairobi, 16th June - High Court Justice Grace Nzioka has under unclear circumstances declared that she will no longer preside over the ksh 1.6 billion debt row between Jubilee Secretary General - Raphel Tuju and East Africa Development Bank (EADB). Mr. Tuju obtained the loan through his company Dari limited on April 10, 2015, with the intention of constructing 12 – Sh100 million two-storey,...
Carrefour

New Carrefour store at Uhuru Highway will create over 250 new jobs

Retail giant Carrefour is set to unveil its new two-floored store at Mega Mall along Uhuru Highway - previously occupied by the now-defunct Nakumatt. The new store will stock over 39,000 locally sourced items and will feature online shopping options, making it uniquely convenient to customers living in Upper Hill, Madaraka, South B, South C and Mombasa road. ...
Shop Goby

Tap your phone to open your shop

Small businesses struggling with meeting rent payments now have the option of moving their stocks online, setting up a quick and easy professional e-commerce store on the Goby App. It’s a simple customizable e-commerce service that requires no technical knowledge of computer coding to build a bubbling online presence. Read also
Huawei

Smartphone maker moves to cut the digital divide

The Covid-19 pandemic has quickly morphed from a health nightmare to a full-blown economic crisis. But as the country walks the delicate balance of containing the virus while at the same time protecting Kenya’s fragile economy, one unintended consequence that has emerged is the widening digital divide between the poor and the rich. Nothing has brought this home more than the inability of learners...
Peter-Ndegwa

Kenyans redeemed one billion Bonga Points within two months

Mobile titan Safaricom says that its customers redeemed one billion Bonga points during the months of April and May. The lottery points valued at Ksh 301 million were redeemed as part of an initiative dubbed ‘Bonga for Good’ that the telco had initiated as part of its far-reaching endeavours to cushion Kenyans from the horrifying effects of COVID-19. ...
Tuju

Tuju loses bid to have judge recuse herself on Ksh 1.6 billion debt row

Nairobi 2nd June 2020. Jubilee Secretary General – Raphael Tuju and his lawyers failed in a bid to have high court Justice Grace Nzioka recuse herself from an ongoing Ksh 1.6 billion debt row with East African Development Bank (EADB).   Mr. Tuju obtained the loan through his company Dari limited on April 10, 2015, with the intention of constructing 12 – Sh100 million two-storey, flat-roofed...

INSIGHTS

MARKETS

Markets punish Centum as bourse value dips

The market on Friday was shaken by Centum’s surprise profit warning which saw its share dip 6 percent to a one year low from Sh40.25 to...

NSE becomes the second African market with derivatives

The Nairobi Securities Exchange Derivatives Market futures will start trading today, with the official launch of the market slated for 11 July 2019, becoming...

BUSINESS AND MONEY

Huawei

Chinese tech giant to hire a more local workforce

Chinese multinational corporation Huawei says that it is actively seeking to recruit the best local talent there is. The...
Prostate Cancer

Aga Khan hospital unveils region’s most advanced prostate cancer scan

The Aga Khan University Hospital - Nairobi has commissioned the Prostate Cancer PET-CT scan, the most advanced scan for patients with prostate...

JOBS

Facebook is hiring a Head of Public Policy for East Africa

Facebook's mission is to give people the power to build community and bring the world closer together. Through our family of apps and services,...

Market turnover surges to Sh1.9billion during Tuesday trading

Daily market report: February 6, 2018 Equities Equities were boosted by the sale of Safaricom shares during Tuesday trading. The turnover surged Sh1.9billion from the previous...

Was it a suspension or a market halt; Circus of Unga...

EQUITIES The Equities market was dominated by the circus surrounding the offer to take over Unga group from minority shareholders. American firm Seaboard offered to buy...

Corporate Governance summit

The 2018 Corporate Governance Summit themed “good Governance for Good Citizenship” is set to kick off tomorrow at the Safari Park Hotel. Among Keynote speakers lined up...

OTHER NEWS

Kenya’s first oil export expected in 2021, requires Sh290 billion investment...

Kenyans will have to wait for at least three more years before the country can export its first oil. In its annual statement, British firm...

Relief to electricity consumers as Kengen announces plans to set up...

Electricity generator KenGen has announced plans to step up hydropower generation following heavy rains being experienced in various parts around the country. The announcement signals...

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