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Opinions
Slow vaccine rollout threatens economic recovery of domestic worker sector
July 30, 2021
mtvadmin
0

Slow vaccine rollout threatens economic recovery of domestic worker sector

By Luke Kannemeyer The slow vaccine rollout in Africa threatens the prospect of an economic bounce-back benefitting domestic workers, who are among the worst affected by the economic fallout of the pandemic. This is particularly relevant considering their reliance on the income of their employer, and their frequent

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Corporate Markets
Bamburi cement changes name in compliance with the Companies Act 2015
July 30, 2021
Lawrence Baraza
0

Bamburi cement changes name in compliance with companies Act 2015

Bamburi Cement has changed its name from Bamburi Cement Limited to Bamburi Cement PLC, following registration of the new name in line with provisions of the Section 53 of the Companies Act 2015. The Act requires companies that are both a limited company and a public company to be

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Health
Western Kenya on lockdown over surging coronavirus cases
July 30, 2021
Vincent Odhiambo
0

COVID situation likely to overwhelm Kenya’s health system

The ministry of health is warning that the COVID-19 could overwhelm the country’s health care systems as numbers continue to spike. This as the government extended the countrywide 10 pm to 4 am curfew including in the lake region counties. And as the pandemic bite continues to deepen

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Corporate
ILAM Fahari I-REIT blames Tuskys woes on its 51% profit decline
July 30, 2021
Collins Ogutu
0

ILAM Fahari I-REIT blames Tuskys woes on its 51% profit decline

ILAM Fahari I-REIT, has posted a 51 percent loss in six months to June this year. The ICEA’s asset management arm registered Ksh.52.8 million growths from Ksh.48.5 million recorded in the previous year over increased property expense noting reduced cash for investment due to loss of rental

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Corporate
Safaricom shareholders clear the path for Ethiopia entry
July 30, 2021
Lawrence Baraza
0

Safaricom shareholders approve entry into Ethiopia

Safaricom shareholders gave a nod for the setting up and incorporation of the Safaricom Telecommunications Ethiopia PLC, the company which will begin operation in Ethiopia in January 2022. The stakeholders voted Friday last week by a majority to allow Safaricom to subscribe for shares in Vodafamily Ethiopia

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Corporate
EABL revenue up 15% to Ksh.86 billion for year ending June
July 30, 2021
Lawrence Baraza
0

EABL revenue up 15% to Ksh.86 billion for year ending June

East African Breweries Limited (EABL) recorded a 15 percent growth in revenue to Ksh.86 billion for the year ended June 2021. The company’s profit before tax went up two percent to Ksh.10.9 billion. The slower profit growth rate was driven by the impact of cost inflation, adverse

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Corporate
Pride Drive partners with Toyota Kenya for corporate transport services
July 30, 2021
Lawrence Baraza
0

Pride Drive partners with Toyota Kenya for corporate transport services

Kenya’s leading motor vehicle distributor, Toyota Kenya has partnered with Pride Drive, a corporate car hire company to provide safe transport to corporate employees, during this period of COVID-19 pandemic. The partnership was witnessed, Thursday, during the handing over of a total of 18 HINO Kenya buses by

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General
Lorry kills two after ramming into a ditch in Machakos
July 30, 2021
KNA
0

Lorry kills two after ramming into a ditch in Machakos

Two people were killed and one seriously injured after a lorry landed into a ditch at Muvuti area in Machakos-Kikima area on Thursday. According to Machakos traffic police Mr. Ben Chilwel, the driver lost control when lorry suffered brake failure and crashed into a ditch. Mr. Chilwel said the

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Economy
Petrol price goes down by 3.7% to retail at 129.72
July 30, 2021
Collins Ogutu
0

Kenyans to be spared from ever-rising monthly fuel prices

The Senate Energy Committee held a sitting on Thursday to deliberate high taxes and levies on petroleum products including cooking. Ministry of petroleum and mining officials were hard-pressed to explain why Kenyans are paying more for fuel and cooking gas. Narok Senator Ledama ole Kina, a member of the

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Sport
July 30, 2021
mtvadmin
0

Cash Out Iko! Odibets Introduces New Game-changing Feature

One of Kenya's leading betting firms Odibets has introduced a new cash out feature that is set to change the game in the betting industry. The cash out feature allows one to take an early payout on their bets before they are settled, meaning one is able to

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