by Hope Media | May 6, 2020 | BUSINESS NEWS, news
Standard Chartered Bank has today announced the restructuring of its loan facilities worth over Ksh8 billion to support key sectors in the economy that have been affected by COVID 19. Some of the key sectors supported include Tourism & Hospitality,...
by Melissa Oduor | May 6, 2020 | BUSINESS NEWS
The proposed Crops (Tea Industry) Regulations 2020 that were recently unveiled by Agriculture Cabinet Secretary, Peter Munya, will strangle smallholder tea farmers if allowed to proceed as currently presented. According to Kenya Tea Development Agency (KTDA) lawyer,...
by Melissa Oduor | May 6, 2020 | BUSINESS NEWS
UAP Holdings Plc has recorded a loss before tax of KShs 3,229 million in 2019 compared to a loss before tax of KShs 480 million in the previous year. The decline was mainly driven by one-off fair value write-downs on the Group’s investment property portfolio due to...
by Melissa Oduor | May 4, 2020 | BUSINESS NEWS
A labour-intensive public works programme dubbed Kazi Mtaani is set to provide immediate job opportunities for more than 26,000 Kenyans across the country. The Kazi Mtaani programme spearheaded by the State Department of Housing and Urban...
by Melissa Oduor | May 4, 2020 | BUSINESS NEWS
Health care frontline workers in the country have been handed a lifeline after Safaricom stepped in to offer communication resources provided by Safaricom. In a statement released today, Chief Executive Peter Ndegwa said medics will receive 12GB monthly data, 600...
by Melissa Oduor | Apr 29, 2020 | BUSINESS NEWS
Photo courtesy The Kenya Association of Travel Agents (KATA) and various other associations under the umbrella body Kenya Tourism Federation (KTF) have come together through a webinar to discuss measures of business survival during and after the COVID-19 crisis. The...
