CYTONN MAINTAINS A POSITIVE OUTLOOK FOR THE MACROECONOMIC ENVIRONMENT

  “FOLLOWING A REVIEW OF THE FIRST HALF OF 2018, CYTONN MAINTAINS A POSITIVE OUTLOOK FOR THE MACROECONOMIC ENVIRONMENT IN KENYA, WITH BETTER GDP GROWTH PROSPECTS, SUPPORTED BY IMPROVED WEATHER CONDITIONS AND A CONDUCIVE OPERATING ENVIRONMENT”  Following a review of H1’2018, we maintain a positive outlook for the macro economic environment in Kenya, with better GDP prospects relative to 2017, supported by improved weather conditions and a conducive operating environment.   The Kenyan economy is projected to grow by 5.5% on average in 2018, according to GDP projections from 15…

Greenpeace Africa advocates for safe and healthy food

 In response to news that some of Kenya’s imported sugar contains dangerous elements such as copper and lead; and that fertilisers sold to farmers in Kenya are reported to be laced with harmful mercury, Greenpeace Africa has called on the government of Kenya to act now; Food for life Campaigner, Claire Nasike has said: “It is very shocking that food meant for human consumption contains these metals. According to the World Health Organization (WHO) copper and lead are harmful to human health. Exposure to small amounts of mercury has been…

Tunisian Rugby Union deplores the anti-sports and unethical actions

As part of our efforts to grow rugby awareness everywhere in our country and following the decentralization policy of sports events by the Ministry of Sports and Youth Affairs, the Tunisian Rugby Union decided to organize the Rugby Africa  Gold Cup matches (qualifier for the 2019 World cup in Japan) opposing the Tunisian selection to its counterpart, Zimbabwe, in the city of Beja, on July 07, 2018. An organizing committee was appointed to ensure the good running of this event. After several visits at the match venue and accommodation sites,…

Rugby Africa to launch the Rugby Africa Silver Cup 2018

Next Sunday, we will launch the official opening of our second division rugby fifteens competition, the Rugby Africa Silver Cup, featuring six teams eager to win and earn their place at the Rugby Africa Gold Cup. The Rugby Africa Silver Cup is composed of 6 teams with the losing team being relegated and replaced by the winner of this year’s Rugby Africa Bronze Cup: Ghana. But how will the winner be decided? The first thing to know is that a total of six qualification pool matches will be played from…

KRA Media clarification

KRA notes with disappointment, the erroneous publication of a media article arising from a presentation tabled to the Parliamentary Departmental Committee on Agriculture on Tuesday 3rd, 2018. The misleading article published in the local daily’s Newspaper on Thursday, July 5, 2018 and headlined: ‘Firms hid behind sugar law to import drugs’ provides a distorted and inaccurate report of the KRA’s report to the Departmental committee as presented and duly tabled in the National Assembly. At the presentation session, the KRA Commissioner General, Mr. John Njiraini was clear on the period when the drugs allegedly…

KRA suspends officers in irregular sale of ethanol

The Kenya Revenue Authority (KRA) has suspended three officers alleged to be involved in irregular sale of ethanol marked for destruction, pending further investigations. The officers stationed in Mombasa, allegedly aided the sale of eight containers of ethanol outside the normal KRA auction process. The goods had been gazetted for auction under notice number 4557. The auction was set for 9th August, 2016. However, verification by stakeholders showed that the containers had been imported and concealed as diethylene glycol monobutyl ether. Upon verification, they were not auctioned on the basis…

Xpress Money partners with Co-operative Bank to ease business operations

By Amos Njau Xpress Money has partnerd with cooperative bank to increase its foot prints and strengthen its structures in the Country. Through this partnership customers will be able to send as well as receive money at 561 agent locations, which includes 150 branches of Co-operative Bank of Kenya. Xpress Money is looking at increasing its footprint in the country to ensure convenient, affordable and secure money transfer services. This partnership with Co-operative Bank of Kenya expands access to Xpress Money significantly on account of the bank’s nationwide branch network.…

Using Technological Solutions to Drive Revenue

Case Study: The Zehneria Portico Kenya is largely viewed as a leisure destination. However, as Kenya takes on the new identity of being East Africa’s economic hub, it is continually molding into a business destination. Additionally, Kenya is globally getting recognized as the African New Technologies hub, therefore bolstering the country as a leader towards the growth of business travel. So where do the Kenyan hotels fit into this new image that the Kenyan government is propelling? Moreover, how can hotel managers attract the current e-generation where virtual world supersedes…