Longhorn Publishers appoints new boss

Longhorn Publishers appointed Maxwell Wahome its new Acting Group managing director effective Thursday last week. The move follows the resignation of Simon Ngigi, who the firm’s board says will continue serving the book-maker for the next three months as it undergoes the leadership transition. “The board takes this opportunity to thank Ngigi for his dedicated service to the group during his tenure as the Group Managing Director and wishes him well in his future endeavours,” the company said in a statement from chairman Francis Nyammo. Mr Wahome is faced with the…

Kenya Power changes leadership

Jared Omondi Otieno has been appointed the new acting Kenya Power Chief Executive Officer taking over from Ken Tarus who stays suspended pending the determination of the ongoing court case against top managers of the utility company. Othieno’s appointment is among 12 others announced on Monday by Energy Cabinet Secretary Charles Keter. Energy Cabinet Secretary Charles Keter announced a new team that will replace suspended Kenya Power top managers on an interim basis. Also appointed in acting capacities are: Thagichu Kiiru –General Manager Business Strategy Imelda Bore – General Manager…

Kilimani, Westlands and Thindigua ranked as the best areas for apartment development.

Cytonn Real Estate, the development affiliate of Cytonn Investments, today released its Nairobi Metropolitan Area Residential Report – 2017/2018, ranking Kilimani, Westlands and Thindigua as the best areas for apartment development; and Karen, Runda Mumwe and Ruiru as the best areas for detached units’ development. The report analyzes the current state of the residential real estate sector in Kenya in terms of supply, demand, drivers, challenges, and performance. According to the report, the sector recorded total returns of 8.2% p.a compared to last year’s 9.4%, attributable to the protracted electioneering…

Western Union Opens Office in Ivory Coast

Western Union has been providing fast, reliable and convenient money transfer services in Ivory Coast since 1995 Western Union a leader in global cross-border, cross-currency money movement, announced today the opening of an office in Ivory Coast, reinforcing the company’s on-going commitment to service excellence by getting even closer to customers. Western Union has been providing fast, reliable and convenient money transfer services in Ivory Coast since 1995, connecting customers to over half a million locations in more than 200 countries and territories. Western Union services are currently available in…

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…

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…

Kenya Power losses 500 M on vandalism, illegal connections says Tarus

By Jacktone Lawi Kenya Power is now seeking harsher penalties for people involved in vandalism of transformers. The electricity distributor pointed out that is losing hundreds of millions in revenue from vandalism of its transformers, meter tempering and power theft through illegal connection and called for stiffer actions to deal with perpetrators of such crimes. According to the Company’s Managing Director and Chief Executive Officer Dr. Ken Tarus the firm losses about half a billion from to these vices. “We are losing KShs 500 million in revenue to vandalism and…

KRA records significant improvement tax Returns

More than 2.5 Million taxpayers have filed their 2017 income tax returns on the iTax platform, with less than two days left before the exercise officially comes to a close on Saturday 30th June, 2018. This is a significant improvement compared to last year when 1.76 million individuals filed their tax returns, for both resident and non-resident categories, by the deadline. The marked improvement is attributed to efficiency of the iTax platform and the increased awareness campaign undertaken by Kenya Revenue Authority encouraging early filing of returns as well as…

MPost App to Modernize Postal and Carriage Amenities

MPost, a solution that converts phone to a mobile post office, has been enhanced with the launch of the MPost App that is set to revolutionize postal and delivery services in the country. “Through the App, users will be able to register and get instant virtual postal address, change their postal codes for efficient delivery of mails and parcels and also dispatch mails and parcels to their preferred destinations. This will enhance efficiency and convenience of mails and parcels delivery,” said AbdulAziz Mohammed, the Chief Executive Officer of Taz Technologies,…