Month: May 2022
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Markets
Two Indomie products flagged for posing danger to human health
Food Safety Authority of Egypt (FSA) ordered two products of Indomie to be recalled from the market for being unfit…
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Economy
EU to halt Russian crude oil imports in fresh sanctions
The European Union (EU) will phase out Russian crude oil imports over the next six months. EU President Ursula Von…
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Corporate
Sanlam, Allianz merge to form largest Pan-African entity in a Ksh.243.7 billion deal
Sanlam Group (South African based) and Germany’s Allianz have joined forces in a Ksh.243.7 billion deal to merge their current…
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News
HELB extends 100% penalty waiver on students’ loan for two months
The Higher Education Loans Board (HELB) has extended its 100% penalty waiver for another two months. HELB Chief Executive Officer…
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News
KURA is auctioning its cars for as low as Ksh.400,000
Kenya Urban Roads Authority (KURA) has put its cars on public auction, an exercise which will be conducted across the…
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News
Kenya’s fuel prices more favourable than Tanzania, Uganda and Rwanda; here’s how
Fuel prices have hit new highs in Tanzania as tensions in eastern Europe continue to impact the global oil market.…
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Corporate
KBC risks shutdown over Ksh.10 billion pension fund owed to employees
State-owned broadcaster, Kenya Broadcasting Corporation (KBC) risks being shut down after the High Court ordered it to remit Ksh.10 billion…
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Agriculture
Lobby group challenges govt to formulate policies to encourage rice farming
International Rice Research Institute (IRRI) has urged the government to empower policies that will allow local rice farmers to earn…
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Corporate
Xiaomi smartphones on spot over Ksh.83.9 billion fake business deals
India has seized Ksh.83.9 billion ($725 million) from Chinese smartphone maker Xiaomi’s local bank accounts, accusing the tech firm of…
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Corporate
NSSF buys extra 11 million shares from KCB Bank worth Ksh.440.5 million
The government-owned National Social Securities Fund (NSSF) has purchased an additional 11.7 million shares from Kenya Commercial Bank (KCB) valued…
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