Friday, August 17, 2018
Heron Portico

Heron Portico fined for secret acquisition

The antitrust watchdog has fined Heron Portico Sh6.1 million fine for buying Zehneria Hotel without notifying the authority. Competition Authority of Kenya said that the 3 percent penalty on turnover was no punitive given that...
Real People

Real People gets bond deadline extended

Investors have given SME lender Real People five extra months to settle a defaulted loan opting not to turn their debt to shareholding. Read also: Real problems in real estate Last month the firm warned that the...
Inchape CEO

UK dealer takes over Jaguar Landover as RMA calls it quits

On Thursday, Jaguar Landover (JRL) announced that it was appointing Inchcape Group, a UK based dealer as its new distributor for the Kenyan market following the exit of RMA Motors Kenya. Read also: SBM to...
Housing Finance group

Housing Finance to cut jobs and merge roles to manage costs

About 36 employees are set to exit Housing Finance this year after the firm lost 76 more in 2017 as the lender seeks to contain expenses. Related: Britam targeting to send home 100 employees through an...
KRA intercepts

KRA intercepts new consignment of narcotics at JKIA

Kenya Revenue Authority (KRA) has intercepted narcotics at the Jomo Kenyatta International Airport (JKIA). The narcotics were concealed in a package of vitamin tablets that consisted of 26 vape cartridges filled with cannabis oil and...