Farmers urged to innovative to meet international market demand

Stakeholders in the agriculture sector have been urged to increase value for their crops to enable competitiveness in the international market. Speaking During a meet the farmers’ forum held in Nairobi, the head of Dubai Chamber of Commerce Kenyan office, Michael Gathu noted that local farmers need to create an identity for locally produced agricultural goods. READ ALSO: Increased Security investment Soaring Kenyas’ Tourism “We are working to bridge the Gap and make trade easier between Middle East and Africa by identifying the needs of the international market and coming up…

opposition MCAs vow: We will go on with Sonko’s impeachment motion

A section of Senators and members of the Nairobi County Assembly are accusing Sonko of staging theatrics to gain political mileage even in matters he should have handled as governor a long time ago. Governor Sonko has over the past one year, sacked and suspended his county executives and officials in what critics describe as unsettling of county operations. Opposition MCAs in Nairobi have vowed to go on with Governor Mike Sonko’s impeachment motion once the assembly resumes on Tuesday next week. The MCAs are citing the ongoing Pumwani saga over…

City residents dismiss petition to dissolve county government

A group of Nairobi residents have come out to oppose a petition to dissolve the Nairobi City County Government. The residents, under the Umbrella of Bunge La Mwananchi lead by their president; Henry Shitanda and Nairobi Chapter National Youth Chairman Edward Githaiga, have termed the petition by Patrick Githinji and Muthurwa residents association as mischievous and unwarranted. The group has submitted its own petition to President Uhuru Kenyatta, outlining to him some of the projects   Governor Mike Sonko has done since taking over office. The group is specifically citing improved…

Fanisi Capital to invest Ksh 400 M in Kitengela International School

Fanisi Capital has entered into an agreement to invest up to Sh400 million in Kitengela International School (KISC). Under the agreement, Fanisi Capital will initially invest Kshs 205 million in infrastructural development in the school. The investment is the first from the Fanisi Capital Fund II LLC, a growth focused private equity fund with a target to raise Ksh 5 billion. The firm plans to continue making investments in high growth consumer sectors including healthcare, education, consumer goods and agribusiness. The deal is subject to approval by the Competition Authority.…

Five banks penalized by CBK for misconduct

The Central Bank of Kenya has penalized five banks a total of Sh392 million for violating financial transaction rules in respect to the handling of the National Youth Service scandal that was exposed this year. The Banks include Standard Chartered Bank (StanChart), Equity Group, KCB Group, Co-operative Bank of Kenya Ltd, and Diamond Trust Bank (DTB). The five banks handled a total of Sh3.5 billion from NYS with StanChart handling the largest transaction worth Sh1.6 billion followed by Equity Bank at Sh886 million, while KCB processes Sh639 million. The regulator…

DTB bank reassures its stakeholders all is well

Nasim Devji Group Chief Executive Officer and Managing Director DTB Group has emphasized in a statement that at the moment, no penalty has been imposed by the Central Bank of Kenya. The bank is currently reviewing the report with a view to providing a detailed response to the issues raised by the Central Bank of Kenya within the stipulated period. We wish to reassure our stakeholders as a responsible corporate citizen and a regulated entity, DTB respects and complies with all laws and applicable regulatory guidelines. We also wish to…

KAM and partners Signs an MoU to Enhance Waste Management

Waste management is a collective role in which the private sector should complement the government’s efforts to ensuring a cleaner environment. As part of its efforts to promote effective management of PET plastic bottles, manufacturers through KAM and partners have committed to undertake measures to encourage recycling and re-use of plastic bottles across the country. According to Dr. Ayub Macharia, Chairman of the National PET Management Committee; recycling represents a systemic shift that builds long-term resilience, generates business and economic opportunities, provides environmental and societal benefits. In other words, plastics…

Illegal bumps hurting motorist

By Alfred Mosoti Road transport is the most popular and important mode of transport, bearing in mind that over 80% of the total internal passenger and freight traffic in Kenya using wit the remainder using either rail, water and air. As a matter of fact, road transport is an indispensable mode transport with comparative advantages over other modes of transport like; rail, sea and air. No passenger or goods can access a railway station, sea or airport before driven, ridden or walking there! Kenya Re strategies now paying off Nonetheless…

WHY POWER-SHARING IS SETTING A WRONG POLITICAL PRECEDENCE

By Alfred Mosoti Lets not debate with a fact, judgement must exonerate someone and contend another,Period. There is a Swahili saying that goes:  Asiyekubali kusindwa sio mshindani; which can be paraphrased to mean: Any competitor with a tendency of refusing to accept a defeat, is not a worthy opponent. The saying cautions us against competing with those people, who only accepting verdicts of scenarios where they are declared winners; but cry foul when the opposite happens! http://Also Read: https://www.ceoafrica.co.ke/city-hall-to-complete-new-icu-unit-at-mama-lucy-hospital-in-december/ Directly or indirectly, we are all engaged in various forms of…

Governors spearhead realization of Kenya’s blue economy potential

By Abednego Mwikya The bid for full exploitation of the potential of Kenya’s blue economy has gained momentum after county governments vowed to rally behind the agenda. More than 20 governors from counties endowed with blue economy resources said they will be on the forefront in spurring conversations around utilization of water resources in the country with a view to creating job opportunities for unemployed Kenyans and for improvement of the economy. “Going forward, we are going to tackle the challenges that prevent this country from tapping the full potential…