Details have now emerged of how Kenya loses over Ksh.50 million daily in traffic jams. According to a new report by the Institute of Economic Affairs Institute of Economic Affairs (IEA) now says that the introduction of the Bus Rapid Transport System holds key to managing traffic especially in Nairobi. IEA further suggests a raft […]
Why Raila is winning Hearts of the Luos after Economic Kisumu Tour
The gains from H.E Raila Odinga’s working tour of Kisumu: One, immediately the establishment of Kisumu Special Economic Zone(SEZ) at the 500 acres parcel of land in Ombeyi, Muhoroni is complete, over 24000 Kenyans will be absorbed. The Special Economic Zone will see many industries such as textile apparels and Leather products established in Kisumu […]
Government is the biggest challenge facing businesses in Kenya
By Haron Wachira Where doth my help come from? When my daughter asked me recently, “Dad, what has been your biggest challenge so far in business?” I immediately thought, Government. I closed down a manufacturing under bond warehouse because the customs officials would not give us peace unless we paid bribes — they found fault […]
Who will save Kenyans from the predatory telco giant Safaricom?
By Phil Wesonga Safaricom’s market super-dominance which is primarily supported by illegal monopolistic tactics and diabolical predatory lending targeting poor people has driven it to insane profits of Sh63.4 billion in a poorly performing economy where commercial banks and manufacturing industries are closing shop . If there was any industry that required regulation, besides the […]
Safaricom reports a 14.7 per cent increase in net profit to Sh63.4 billion
Safaricom has reported a 14.7 per cent increase in net profit to Sh63.4 billion for the year ended March 2019. Service revenue grew by seven per cent to Sh240.3 billion derived largely from outgoing voice calls and Mpesa charges. Outgoing voice service revenue grew by 0.3 per cent to Sh95.9 billion and Mpesa revenue by 19.2 […]
CS Monica Juma reveals Kenya’s plans to strengthen trade and investment ties with South Africa
Kenya is committed to strengthening relations with South Africa with the main focus on trade and investment. CS Foreign Affairs Monica Juma gave this update after the official opening of the two day 3rd Kenya trade and investment summit in Johannesburg. Monica Juma urged private sectors of both Kenya & South Africa to drive the growth of trade […]
Fuel shortage warning issued
Independent fuel distributors are now warning that there might be fuel shortage in most parts of the country, with the first to feel the heat being Nakuru and Bomet Counties. The distributors said they have not been able to access fuel from the major fuel depots for the last week, disrupting their supply to independent […]
Mumias sugar company records 15.1 billion loss in last financial year
Mumias Sugar Company has plunged further into negative territory after posting a Ksh 15.1 billion loss in the year ending June 2018, which is more than double the Ksh 6.8 billion loss reported in 2017. Despite receiving billions of shillings in Treasury bailouts, the sugarcane miller attributes the deteriorating financial situation to shortage of sugarcane, […]
DP Ruto’s useless communication advisor humiliated, punched in the nose by Lawyer Donald Kipkorir
DP Ruto’s director of communications Emanual Talam has been humiliated badly on twitter by bad ass lawyer Donald Kipkorir. Talam is one of Ruto’s useless aides whose job is just to earn a salary to sustain self in the city. It is a known fact that DP Ruto has the most fucked communications team ever […]
Kenyatta family plot to take over Kenya Airways and JKIA airport on Final Stages- MPs cry
Kenyatta family empire is on the rise and expanding to at a much faster rate than any other business entity in Africa. The family has been singled out for positioning themselves to take over the management and running of Kenya’s premier airport, Jomo Kenyatta International Airport (JKIA) through Kenya Airways (KQ). During a parliamentary committee […]
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