The African Development Bank has extended $11.96 million (Ksh 1.7b) grant to Rwanda to speed up the establishment of the African Pharmaceutical Technology Foundation to be based in Kigali City. The latest funding through the bank’s African Development Fund will complement $1.93 million already set aside by the Rwandan government to support the implementation of […]
Kenyan youths are now turning to the foreign exchange market, which is usually known as forex or FX,as the hard economy times bite across the globe. Forex trading has gained significant popularity in Kenya, attracting a growing number of Kenyan investors looking to engage in the global currency markets. It is the largest financial market […]
Isuzu East Africa has acquired distribution rights of locally assembled UD Trucks in a deal worth Ksh 80 million. Speaking during the signing of the agreement, Isuzu East Africa Managing Director Rita Kavashe said assembly of the commercial vehicle will done at the Kenya Vehicle Manufacturing (KVM) plant in Thika. “This will go an extra […]
A businessman has been charged with issuing a Kenya Commercial Bank (KCB) bad cheque worth Sh 150 million. Nikesh Popatlal Shah, an Indian national was arraigned before Milimani Senior Principal Magistrate Robinson Ondieki and denied the charge. Popatlal was accused of issuing a bad cheque on 16th May 2023 at Vibhuti Hardware Limited in […]
High Court in Busia has nullified Kenya Revenue Authority recruitment of 1,406 revenue service assistants. Justice William Musyoka declared the recruitment carried out by the taxman last year unconstitutional. In the 17 page decision, the judge said the process was heavily skewed in favour of the Kikuyu and Kalenjin communities to the disadvantage of others. […]
Tension is high at the Jomo Kenyatta University of Agriculture and Technology (JKUAT) following an altercation between a former aide to late President Mwai Kibaki and a senior lecturer. Prof Nick Wanjohi, a former Vice-Chancellor at the university, who also served in President Kibaki’s administration as Comptroller of State House and later as his […]
A report by the Ethics and Anti-Corruption Commission (EACC) has laid bare how government officials siphoned money from the EduAfya Scheme. The anti-graft agency released the findings following an examination of systems, policies, procedures and practices of work at the National Hospital Insurance Fund (NHIF). Ministry of Education in partnership with NHIF rolled out a […]
