Wednesday, December 13, 2017
Pretax

KenGen’s pretax profit inches up 2 pct

Kenya’s main electricity generator KenGen said on Wednesday its pretax profit edged up 2 percent to 11.53 billion shillings ($112 million) in its year to end June, as higher interest income offset a drop...
Expansion

Kenya to spend about Sh 2bn expanding Ngong road

The government of Kenya has signed Sh1.98 billion road expansion contract with a Chinese construction company to expand a city highway. The contract between the Kenya Urban Roads Authority (KURA)  and China Qinjian International Group...
second trip

SGR begins second train service

Kenya Railways  on Wednesdya Novermber 1, comenced the second train service on the Standard Gauge Railway between Nairobi and Mombasa. The express train service will depart both Nairobi and Mombasa Termini at 3.30PM. The corporation currently...
TRANSPORTERS

Food prices to go higher as transporters keep off to see how election will...

Vendors are projecting a further rise in food prices as transporters (KTA) keep of the roads to observe election outcome. Already Fresh food prices in Nairobi have shot up amid low stocks. A spot check...
Roads

KeRRA to spend Ksh 7 Bn to improve county roads

“We are going to spend KSh 7 billion to improve urban road projects in ten county headquarters, to bitumen standards within the selected towns with a view to spurring economic growth, “says Eng. Abdul...
debt

Oil marketer to write off Sh1.8bn KPRL debt by the end of the year

After two and a half years of sustained impairments, KenolKobil will complete writing off a Sh1.8 billion debt owed by the defunct Kenya Petroleum Refineries Ltd (KPRL) in December. The company recorded the latest impairment...
Women Empowerment

Gulf African Bank procures business opportunities for women

“We are seeking to increase the number of women vendors’ customers from the current 4.4 percent to 20 percent by the end of this years, says Najma Jabri, Head of the Bank’s Women and...
tickets

Court to establish how SGR tickets reached unauthorised middlemen?

The case of five people charged of selling Standard Gauge Railway (SGR) tickets illegally will now be heard at the end of the month. The five were charged on for selling SGR train tickets without...
crude oil

Kenya attempts to control and minimize dangers associated with transporting crude oil

The Government is eying road hazard management system ahead of early crude oil exportation. Already the Ministry of Energy and Petroleum has invited bids for a consultancy firm to design and implement a road hazard...

Kenyan Employers to freeze hiring in 2017-Survey

Political jitters have led to a sharp reduction in hiring projections for most companies in Kenya with 58 percent of Human Resource Managers saying they do not plan to employ in 2017. This is attributed...
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