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Kenya Pipeline eyes regional growth following completion of oil jetty

Kenya Pipeline Company (KPC) is set regain its share of the East African petroleum market following completion of the Kisumu Oil jetty. The Kisumu oil jetty is expected to deliver petroleum products to neighboring Rwanda, Burundi, Uganda, Eastern DRC and parts of Tanzania.       Speaking during the technical …

Toyota Kenya starts center to train mechanics

Toyota Kenya Foundation introduced Toyota Service Technicians for the 21st Century (TST21) to provide technical skills to the Technicians in the automotive sector. Under this partnership The Toyota Kenya Foundation will seek to up-skill technicians through its technical course dubbed Toyota service technicians for the 21st century (TST21) an initiative …

In Pictures: A probox burnt this time in Kitui over charcoal trade

Just a day after protests in Limuru saw hundreds of motorists stranded for eight hours, a group of protestors burnt down another vehicle in Kitui. The probox was loaded with charcoal. Kitui residents started burning trucks recently to stop charcoal trade.     

South Africa’s City lodge rough entry into Kenya

From low occupancy, election tension and rogue bank holding its money City Lodge Hotel has opened doors to a rough start in Kenya The South African hotel chain City Lodge which opened its doors to guests in December at Two Rivers on Limuru Road has Sh407 million locked in Chase …

CBK veils intervention on shilling after IMF loan withdrawal

The Central Bank of Kenya has delayed the release of weekly data on dollar reserve over the week that the International Monetary Fund revealed it had withdrawn access to dollar loan. IMF withdrew Kenya’s access to a $1.5 billion standby loan in June last year yet CBK had lied that …

KRA bans stripping of containers destined for Zanzibar

The Kenya Revenue Authority (KRA) has banned the stripping of cargo containers at the port of Mombasa before onward conveyance by dhows to various consignees in Zanzibar. The move is meant to curb sea smuggling where cargo is diverted in the ocean, finding its way into the local EAC market. …

National Lands Commission to probe Integrity Centre Ownership

National Lands Commission to probe Integrity Centre Ownership. The firm at the center of the eviction of the Ethics and Anti-Corruption Commission (EACC) has been cast under the spotlight as the National Land commission seeks to investigate ownership of Integrity Centre. NLC says that the government intends to acquire the …

KenGen to switch on 158MW plant next year

Power consumers are set for better times following an announcement by the leading energy generator, Kenya Electricity Generating Company (KenGen), that the 158MW Olkaria V geothermal power plant will be operational next year as scheduled. The power plant is part of KenGen’s ambitious green energy development agenda aimed at delivering …

Hides trader charged with evading Sh204 million export duty

A Nairobi based hides and skins trader has been charged with five counts relating to tax fraud and failure to file tax returns leading to loss of revenue amounting to KSh 204 million. Ms. Claire Marisiana Odimwa is said to have under-declared the weight and measure of wet salted cow …

Moodys ratings sinks Kenyans junk bond ratings

Kenya foreign debt has been rated junk, non-investment grade speculative 11 ranks below the premium triple-A ratings given to America. Moodys downgraded Kenya’s overall ratings to B2 from B1, local debts from B2 to B3 and foreign loans from Ba2 to Ba3. Save for pricing, credit ratings have however diminished …