Governor Gideon Mung’aro has terminated a Ksh 300 million revenue collection contract Kilifi County signed with Rain Drop Limited in 2014. The firm was awarded the contract to collect local revenues on behalf of the county for a period of fifteen years by former governor Amason Kingi’s administration. Kilifi County government has now acquired a […]
Listed agribusiness and superfoods producer Kakuzi has successfully completed the inaugural export delivery of 181 Boran heifers to a Uganda-based rancher for breeding. The breeding heifers valued at more than Sh13.5 million left Kakuzi’s Makuyu, Murang’a County, livestock paddocks late last week and have now been received at Mpala Farm, in Kawempe Division, Central Uganda. […]
Workers at two large liquefied natural gas (LNG) plants in Australia, operated by US energy giant Chevron, are set to go on strike from 7 September, in a move that could drive up global prices. This follows weeks of negotiations with unions over pay and working conditions. Chevron told the BBC it would “continue to […]
Agribusiness and superfoods producer Kakuzi Plc has successfully completed the inaugural export delivery of 181 Boran heifers to a Uganda-based rancher for breeding. In a statement Tuesday, the breeding heifers valued at more than Kshs 13.5 million left Kakuzi’s Makuyu, Murang’a County, livestock paddocks late last week and have now been received at Mpala Farm, in Kawempe […]
Toyota, the global automotive giant, has been forced to suspend operations at the majority of its assembly plants in Japan due to a system malfunction. This disruption comes as a significant setback for the world’s largest carmaker, impacting its production capabilities. As a result of the glitch, Toyota had to halt operations at 12 out […]
Aviation workers have thrown their weight behind management shake up at the Kenya Airports Authority (KAA) that led to the firing of managing director Alex Gitari. Kenya Aviation Workers Union (KAWU) Secretary General Moss Ndiema said the power outage at the Jomo Kenyatta International Airport (JKIA) last Friday was as a result of incompetence and […]
Hewlett Packard Enterprise (HPE) has inked a deal with Mitsumi Distribution in a move expected to help the firm increase its market share and boost revenues in the region. The firms are betting on the new partnership to deliver cutting-edge solutions such as storage, networking and servers to enterprises in the region. “We are thrilled […]
Higher growth in insurance revenues has seen CIC Group net profit rise to Ksh 705.5 million during the first six months of this year. CIC Group profit after tax in the period ended June 30, 2023 surged from Ksh 263.1 million reported last year aided by insurance revenues which increased to Ksh 12.9 billion from […]
Shares in embattled Chinese developer Evergrande have fallen by around 80% as they started trading in Hong Kong for the first time in a year and a half. The shares have lost more than 99% of their value in the last three years as Beijing cracked down on property firms. Evergrande is at the centre […]
Shares of Chinese developer Evergrande have plummeted by approximately 80% as they resumed trading in Hong Kong for the first time in 18 months. The once-prominent company has experienced a drastic decline, shedding more than 99% of its stock value over the past three years due to intensified regulatory actions by Beijing targeting the property […]
