Increase in accidents following the lifting of curfews and restriction of movements plunged general insurance companies into a Sh4.1 billion underwriting loss in the nine months to September 2021.
The insurers had recorded a loss of Sh879.28 million a year earlier. The loss m…
KNH leads parastatals in Sh20bn pension debt
Kenyatta National Hospital (KNH) and public universities top the list of State corporations that have accumulated Sh20 billion arrears in contributions to pension and medical cover benefits, pointing to a deepening liquidity crisis.
The largest referral hospital in the East African region …
Sarrai sets aside initial Sh1.1bn for jumpstarting Mumias Sugar
The Ugandan investor who won the Mumias leasing award will invest Sh1.1 billion to jump-start operations at the ailing miller.
Sarrai Group said the funds, which are only the first batch of capital, would be key to starting the operations at the initial stage with more funds to be injected…
Child birth heart defects treatment
Congenital Heart Defects (CHD), also known as Congenital Heart Anomaly or Congenital Heart Disease, are the most common form of birth defects in children and occur in one percent of all live births worldwide, affecting over 40 million people.
CHD is present at birth and affects the structu…
Mike’s camp serves tranquillity on nature’s big plate
For a truly remote beach holiday, Mike’s Camp in Kiwayu Island of Lamu is the place to be. Kiwayu lies in the Kiunga Marine Reserve, a pristine environment with very few settlements. It is one of the furthest regions of the Lamu archipelago and access is only by boat.
Our group took a spee…
Alarm as growers harvest immature macadamia nuts
Players in the macadamia nuts sub-sector are worried that huge quantities of the immature crop being bought by brokers might compromise quality of the produce in the international markets.
Currently, brokers are buying the nuts at as low as Sh50 a kilo and stockpiling the produce, waiting …
CBK wants orders on Imperial Bank liquidation lifted
The Central Bank of Kenya (CBK) is seeking to have orders which had been issued temporarily stopping the liquidation of Imperial Bank Ltd set aside.
In its application, CBK says that in obtaining the orders (to stop the liquidation of IBL) businessman Ashok Doshi and his wife Amit failed t…
KFC declines to share potato standards with local farmers
American fast food retail giant Kentucky Fried Chicken (KFC) has said it cannot share the quality standards that Kenyans wishing to supply it with potatoes must meet due to proprietary restrictions.
In the latest blow for farmers who were lining up to bid for the lucrative de…
Death row inmates seeking pardon drop 30pc
The number of prisoners seeking presidential pardon has dropped by a third following a Supreme Court ruling that declared mandatory death penalty unconstitutional.
The Power of Mercy Advisory Committee said the number of petitions from convicts facing the hangman’s noose drop…
Funds embezzlement claims create division in pilots’ lobby
Division has emerged at the Kenyan association for pilots following allegations of embezzlement of funds by a section of top officials.
The Kenya Airline Pilots Association (Kalpa) officials have differed on the use of funds with a top official being accused of using the asso…