Thursday, August 24, 2017
rising oil prices

Looming blow to Kenya and other oil importers as prices set to rise

With global oil prices set to rise following the recent agreements between major oil exporters, the positive terms of trade effect that Kenya and other oil importers  have enjoyed will be curtailed The world bank...

Kenya raises minimum wage by 18%

Kenyan workers have all reasons to smile as the government announced a minimum wage increment of 18 per cent. According to economists the move is calculated to caution low-income earners against the ravages of skyrocketing...
SGR

Kenya postpones the launch of SGR cargo train

Truckers and container freight station (CFS) investors can now breathe a temporary sigh of relief as the government pushes the start of the standard gauge train cargo service to December. According to Transport Principal Secretary...
dcon

Bleak future: Deacon EA to shut down more stores next month

Deacons East Africa PLC (DCON) plans to shut down undisclosed number of “unprofitable stores” by the end of next month. The move comes barely two weeks after the fashion retailer shut down its Angelo store in...

Passengers travelling on Jambojet to pay more to access additional benefits

Jambojet has introduced a new fare structure which will see Passengers travelling on the low- cost airline pay an additional Sh1,730 to access a package of additional benefits that will include checked in luggage,...
power

KPC signs purchase agreements with independent producers for 160MW of electricity

Kenya Power (KPC) has signed power purchase agreements with three independent power producers to boost the country’s electricity output. The deal will see an additional 160 megawatts of electricity come to the national grid mostly...
stops

KR introduces more stops for Madaraka express

Effective from August 1, Madaraka Express now makes stops at Voi, Mtito Andei. The inter-city train services are available once a day. “Passenger demand on the train have risen making it necessary to have a...

Total Kenya records Sh2.2 billion net profit

Total Kenya reported a 38.3 per cent net profit growth in the year ended December 2016, helped by better margins. The oil marketer made a net profit of Sh2.2 billion in the period compared to...
Computing Solution

Kenya’s company introduces a solution to Restore sanity in Matatu

MapSoft technologies introduces Hand held Mobile Computing Solution to manage and also to help in vehicle tracking among other integrated solutions by Matatu owners. Already the demand for the product is huge and they have...
siphoning

KPC investigates the alleged fuel siphoning by a local company

Kenya Pipeline Company (KPC) and the police are probing illegal siphoning of fuel from Nakuru-Kisumu pipeline by a petrol station in Koru, Muhoroni. According to KPC Joe Sang, the company was alerted about the leakage...
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