Kenya Airways is on a fresh collision course with the pilots’ union after it asked its crew to fly faster on the Nairobi-Guangzhou route and halved the number of pilots on every trip in its latest cost-cutting plan.
The Kenya Airline Pilots Association (Kalpa) Secretary-General Murithi Nya…
FRC eyes dirty cash hidden by lawyers in amendment
SUMMARY
The anti-money laundering watchdog has asked MPs to pass proposed changes to the law compelling advocates to disclose suspicious financial dealings of clients to help keep Kenya off the list of high-risk countries.
The Financial Reporting Centre (FRC) fears continued non-designat…
CAK flags 12 banks with hidden mortgage charges
SUMMARY
The Competition Authority of Kenya (CAK) reviewed home loan contracts for 27 banks and found the information provided to consumers by 12 of them was incomplete, unclear, and unfavourable.
The anti-trust body found that KCB Bank, NCBA Bank, Absa Bank Kenya, DIB Bank Kenya, Mayfair…
KCB loses lenders row over Mumias takeover
KCB Group has lost full control of running troubled Mumias Sugar Company after the High Court directed it to involve other creditors in the operations and planned leasing of the ailing miller.
Justice Alfred Mabeya directed the KCB appointed receiver manager — Pongangipalli Venkata Ramana …
Banks resume dividends as loan defaults fall
Bank investors are set for a significant increase in dividend income in the next five months as the listed lenders make cash distributions for the year ending December amid improved profitability and brighter economic prospects.
KCB Group , Standard Chartered Bank Kenya and Stanbic Holding…
Flower export standoff requires middle ground
Flower farmers are throwing away up to 25 percent of produce on cargo transportation hitch linked to a push to protect national carrier Kenya Airways. This is not rosy at all to the farmers and the economy, looking at the jobs and earnings at risk.
Farmers say they need to mo…
Tycoon fights grandsons’ claim to Sh7bn property
An Eldoret business tycoon locked in a succession battle with his two grandsons over a share of his Sh7 billion wealth wants the court to quash their claim, saying they had no right to his vast property.
Mr David Wakaimba told the court that his first-born son Sammy Wakaimba, who died in a…
Kenya risks Sh150bn loss in pesticides ban
Kenya stands to lose more than Sh150 billion if the ban on the use of agricultural chemicals is effected, a research think tank has said.
The Egerton-based Tegemeo Institute of Research and Policy says Kenya being in the tropics, farmers cannot afford to grow crops without us…
How Nick’s mission to boost football hit the wall
When he took over the reins at Kandanda House in 2016, Football Kenya Federation (FKF) president Nick Mwendwa vowed to bring on board more community clubs in the league besides the two famous ones — Gor Mahia and AFC Leopards.
Although well-intentioned, Mwendwa’s approach was poor. He was …
Kisumu Dunga water plant to give way for port, jetty
The government intends to relocate Dunga raw water intake and treatment plant as Kisumu readies to operate the multi-billion refurbished port and oil jetty.
This follows concerns that the complete rollout of the two mega projects could lead to increased cases of pollution in …