By Samwel Owino Business Reporter Nation Media Group Agriculture Cabinet Secretary Mithika Linturi has been dealt a blow after the select committee considering his impeachment dismissed preliminary objections raised by his lawyer Muthomi Thionkalu on the admissibility of the case. Mr Linturi's legal team argued that the impeachment motion was supported by a flawed affidavit. Committee...
The government and the Kenya Medical Practitioners Pharmacist and Dentist Union (KMPDU) have signed a return-to-work formula, ending the 56-day nationwide doctor’s strike. Speaking during the signing Wednesday night, KMPDU chair Abidan Mwachi expressed disappointment because both parties had failed to reach an agreement on the posting and payment of interns. “The loss of lives along the way has been...
By Constant Munda Business Reporter Nation Media Group The purchase of a new London embassy and renovation of the New York facility will set back taxpayers an additional Sh1.74 billion in the year starting July, underlining the burden of keeping Kenya’s foreign missions in good shape. The Treasury is seeking approval from lawmakers to spend an additional Sh900 million to finalise the...
By Patrick Alushula Business Reporter Nation Media Group Diamond Trust Bank (DTB) will pick a CEO for its Kenyan operation for the first time in a new management structure that will leave the group managing director Nasim Devji in charge of all the subsidiaries. This will mark a shift from the current structure where Ms Devji, who has led DTB for more than 20 years, has been holding the...
By Mercy Simiyu Lifestyle Reporter Nation Media Group President William Ruto has ordered all schools to reopen on Monday, May 13, 2024. President Ruto made the announcement at State House, Nairobi during a meeting with leaders from Kajiado and Laikipia counties. He said the decision follows advice from the Kenya Meteorological Department that the prolonged heavy rains have subsided. The...
Amazon launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' Takealot.com. Africa's most advanced economy is usually seen as a good entry point for companies to expand into the continent and Amazon could be doing the same, analysts have said in the past. The launch of its service comes at a time when South Africa has seen a sharp...
By Edwin Mutai Nation Media Group Political Reporter Firms operating in Kenya’s special economic zones (SEZ) were exempted from paying Sh1.98 billion in taxes and other levies in the nine years to 2023, Parliament was told. The incentives include protection from corporation tax, withholding taxes, and value-added tax (VAT) and are offered to developers and enterprises in SEZs to...
By Patrick Alushula Business Reporter Nation Media Group Kenya’s top insurance companies, including CIC and Jubilee, have missed the deadline for publishing financial results for the year ended December 2023 as they struggle to comply with a new industry accounting standard, denying investors and policyholders a peek into the financial health of the firms. Insurance firms must publish...
By Kabui Mwangi Business and Tech Reporter Nation Media Group Kenya has commenced talks with the European Union (EU) that if successful, could see local data protection standards recognised and classified as of a similar level with those of the union members in a move that will pave the way for the free flow of personal data between both jurisdictions without any additional regulatory...
By Dominic Omondi Business Reporter Nation Media Group Small businesses and landlords have started feeling the weight of the affordable housing levy after the Kenya Revenue Authority (KRA) clarified they will pay 1.5 percent of gross sales, raising the risk of higher rents and product prices. In an advisory, the KRA clarified that landlords will pay 1.5 percent of rent received and not...