The Standard
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By Nicholas Waitathu

NBK owners approve plan to dilute Treasury, NSSF grip

National Bank shareholders have approved a plan to redeem 1.135 billion preference shares held by Treasury and National Social Security Fund (NSSF). The bank plans to use part of the proceeds from the forthcoming Sh13 billion Rights Issue to redeem the shares, a move expected to boost its capital base.
By By NICHOLAS WAITATHU 10 years ago
NBK owners approve plan to dilute Treasury, NSSF grip
Lobby moves to streamline Chamas
Lobby moves to streamline Chamas
By By NICHOLAS WAITATHU 10 years ago
New KenGen boss seeks Sh30b to fund projects
New KenGen boss seeks Sh30b to fund projects
By By NICHOLAS WAITATHU 10 years ago
Kenya requires Sh475 billion to boost agriculture
Kenya requires Sh475 billion to boost agriculture
By By NICHOLAS WAITATHU 10 years ago
Travel firms fear Sh13billion loss in tendering process
Local Agents offering travel services to ministries, parastatals and Semi–Autonomous Government Agencies (SAGAs) are likely to lose business worth up to Sh13 billion in the current financial as government contract new service providers.
By By NICHOLAS WAITATHU 10 years ago
Travel firms fear Sh13billion loss in tendering process
Kenya defies insecurity jitters to attract Sh136b investments
Kenya’s local and foreign investment inflows increased by more than 124 per cent in the 11 months to November.
By By NICHOLAS WAITATHU 10 years ago
Kenya defies insecurity jitters to attract Sh136b investments
Nairobi’s Eastlands set for facelift with plan to build 80,000 houses
Nairobi County government will build over 80,000 housing units in the Eastlands for resale
By By NICHOLAS WAITATHU 10 years ago
Nairobi’s Eastlands set for facelift with plan to build 80,000 houses
Hunger looms as deadly weed destroys 450,000 tonnes of maize
Western and parts of Nyanza are at risk of losing an estimated 450,000 tonnes of maize. This is as striga — a parasitic weed continues to decimate over 300,000 hectares of the crop.
By By NICHOLAS WAITATHU 11 years ago
Hunger looms as deadly weed destroys 450,000 tonnes of maize
BPO sector set to grow as Adec enters market
Kenya’s efforts to become a business process outsourcing and sustainability centre received a major boost yesterday after an international provider of customised onshore and offshore outsourcing solutions opened office in Nairobi.
By BY NICHOLAS WAITATHU 11 years ago
BPO sector set to grow as Adec enters market
State to ban goods from matatu roofs
The government will outlaw mounting of carriers on the rooftops of passenger services vehicles.
By BY NICHOLAS WAITATHU 11 years ago
State to ban goods from matatu roofs
Kenya farmers bet on branding to shore up earnings
Farmers and traders stand to earn more as government intensify efforts to legalise branding of local exports.
By By NICHOLAS WAITATHU 11 years ago
Kenya farmers bet on branding to shore up earnings
Enterprise reap from Sh6b youth fund
More than 157,000 youth enterprises have been financed by the youth fund to the tune of Sh6 billion. Youth Enterprise Development Fund (YEDF) chairman Gor Semelang’o (pictured) said since its inception in 2006, more than 200,000 youthful entrepreneurs have been trained and 300,000 jobs created.
By By NICHOLAS WAITATHU 11 years ago
Enterprise reap from Sh6b youth fund
State to unveil new fare system for commuters
All public service vehicles (PSV) will be required to implement and operate a cashless payment system for all fares by July 2014.
By By NICHOLAS WAITATHU 11 years ago
State to unveil new fare system for commuters
Kenya faces Sh200b in export losses over new laws
Over 40 agricultural organisations have warned that the recently enacted agricultural legislations if implemented in their current form would jeopardise exports, leading to a Sh200 billion foreign exchange loss.
By By NICHOLAS WAITATHU 11 years ago
Kenya faces Sh200b in export losses over new laws
Westgate Mall victims to miss out on compensation for lack of terror cover
Businesses that have not insured against terrorism, including those at the Westgate Mall, will have to bear with huge losses and costs.
By By NICHOLAS WAITATHU 11 years ago
Westgate Mall victims to miss out on compensation for lack of terror cover
Kenya steps up measures to set up fertiliser factory, cut imports
The government has embarked on a process to secure a strategic investor to help establish a fertiliser manufacturing plant in the country.
By By NICHOLAS WAITATHU 11 years ago
Kenya steps up measures to set up fertiliser factory, cut imports
Banks lock out more than 600,000 loan defaulters
Lenders in Kenya have blacklisted more than 600,000 loan defaulters in the last three years.
By By NICHOLAS WAITATHU 11 years ago
Banks lock out more than 600,000 loan defaulters
Device that reduces road accidents hits local stores
A South African manufacturing company Protectall Africa Ltd has launched a new device aimed at reducing runway carnage on roads.
By By NICHOLAS WAITATHU 11 years ago
Device that reduces road accidents hits local stores
Tourism in the spotlight as hotel beds shortage bites
The local hospitality industry is facing an acute deficit of 10,000 classified beds, a situation, it is feared, is denying the country an opportunity to benefit from increasing numbers of international tourist arrivals.
By By NICHOLAS WAITATHU 11 years ago
Tourism in the spotlight as hotel beds shortage bites
Farmers to receive fertiliser before end month
Farmers will receive over 840,000 bags of subsided fertilisers before the end of this month to use for planting in the short rain season kicking off early next month.
By By NICHOLAS WAITATHU 11 years ago
Farmers to receive fertiliser before end month
RBA orders mandatory training for all pension scheme trustees
Majority of trustees managing retirement benefit schemes in the country are not trained in best management practices.
By By NICHOLAS WAITATHU 11 years ago
RBA orders mandatory training for all pension scheme trustees
Home ownership inches closer to reality as HF funds deposits
Housing Finance hopes that by financing upfront fees, more people will take up mortgages
By By NICHOLAS WAITATHU 11 years ago
Home ownership inches closer to reality as HF funds deposits
Local firms angle for huge deals in mining, oil and gas
Insurance and security companies are positioning themselves to exploit the untapped potential in guaranteeing safety to mining organisations. This is as discoveries of mineral resources pick up, which require insurance cover and specialised security services.
By By NICHOLAS WAITATHU 11 years ago
Local firms angle for huge deals in mining, oil and gas
Regulators tighten noose on defaulters with pact on data sharing
Regulators are closing in on loan defaulters and dodgy institutions. This follows signing of a Memorandum of Understanding (MOU) last week in Mombasa by five regulators in the financial sector.
By By NICHOLAS WAITATHU 11 years ago
Regulators tighten noose on defaulters with pact on data sharing
Will China loan lower cost of doing business?
The high cost of doing business has continued to slow down investments in Kenya despite various efforts to ease the situation.
By By NICHOLAS WAITATHU 11 years ago
Will China loan lower cost of doing business?
More Saccos face ban as regulator cracks the whip
More than 65 Savings and Credit Cooperatives (Saccos) risk being barred from carrying out deposit taking business.
By By NICHOLAS WAITATHU 11 years ago
More Saccos face ban as regulator cracks the whip
Mwalimu Sacco takes huge leap in deposits
Savings and Credit Cooperatives (Saccos) recorded 17.7 per cent asset increase for the period ended December 2012. Their assets increased to Sh293 billion in 2012 from Sh249 billion in 2011 while total membership for the sector grew by 15 per cent from 2.6 million in 2011 to 3 million in December 2012.
By By NICHOLAS WAITATHU 11 years ago
Mwalimu Sacco takes huge leap in deposits
Classification of urban areas, cities to spread investments
More investors are expected to spread their wealth across the counties following classification of the urban centres. This is expected to strengthen urbanisation.
By By NICHOLAS WAITATHU 11 years ago
Classification of urban areas, cities to spread investments
State cancels 66 fresh produce export licences
The Government has cancelled the licences of 66 fresh produce exporters for violating certification standards.
By By NICHOLAS WAITATHU 11 years ago
State cancels 66 fresh produce export licences
Uganda, Dar maize imports stabilise flour prices
Millers have so far imported 300,000 tonnes of maize, which has seen the price of flour reduce to about Sh100, up from a price range of Sh115-130 last year
By By NICHOLAS WAITATHU 11 years ago
Uganda, Dar maize imports stabilise flour prices
Egyptian agri-business firm eyes poultry farming
An Egyptian agri-business firm, Wadi Group, has announced plans to invest in the poultry industry.
By By NICHOLAS WAITATHU 11 years ago
Egyptian agri-business firm eyes poultry farming
Kenya-Re sets sights on southern Africa market
Kenya-Re Wednesday announced a 13 per cent increase in pre-tax profit — hitting Sh1.6 billion for the period that ended June 30, 2013 up from Sh1.4 billion recorded the same period last year.
By By NICHOLAS WAITATHU 11 years ago
Kenya-Re sets sights on southern Africa market
KTDA wins global finance award
Kenya Tea Development Authority (KTDA) has been named the winner of the Financial Times and International Finance Corporation (IFC) Sustainable Finance Awards 2013 held in London.
By By Nicholas Waitathu 11 years ago
KTDA wins global finance award
State stares at more job cuts to bring down soaring public wage bill
A substantial number of civil servants will be sacked under a new staff rationalisation programme set to be implemented in the 2013/14 financial year.
By By NICHOLAS WAITATHU 11 years ago
State stares at more job cuts to bring down soaring public wage bill
CDF Board ups hiring ahead of new fiscal year
The Constituencies Development Fund Board has embarked on a major move to strength its human capacity ahead of the new financial year, which begins on July 1, 2013.
By By Nicholas Waitathu 11 years ago
CDF Board ups hiring ahead of new fiscal year
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