BusinessDailyAfrica (195)

Safaricom orders firm to refund customers Sh10m over KCPE results hitch

Safaricom directs firm to refund more than Sh10.6 million to customers who were billed more than once to check exam results

Clearing agents blame tough KRA rules for slow port operations

Kifwa says slow clearance of cargo due to stringent procedures imposed by taxman

Election months record lowest number of new car sales

Volume of new vehicles sold this year to date down 22 per cent.

Red Cross branch denies it is broke

Charity refutes insider claims its Nyeri branch is also grappling with a shortage of personnel and equipment

Facebook to open Nigerian hub next year in African tech drive

Social media company to train 50,000 Nigerians in digital skills.

Seamless travel a key road to better EA integration

Why regional bloc should go back to the drawing board to encourage free movement of people, goods.

Section of Ngong Road shut for dualling works

Kura closes Ngong road access via Valley Road-City Mortuary Roundabout; motorists asked to use alternative routes.

Envoy's Sh57m court award adds to taxpayers' Moi-era sins burden

Sally Kosgei accused of malice in the firing and replacement of diplomat with husband in 1999

Safaricom hits highest price since NSE listing

Telco's stock touches Sh28, driven by foreign investor return to the bourse after months of political tension

Kenya's Mobius car sells out new generation model

Besides local orders, the automaker says it has received interest from neighbouring countries, Europe and the US.

Daystar University resumes next week after student protest

Learners were protesting poor meals and facilities at the institution

US firm gets more funding to make condoms in Nairobi

Restance Inc's venture is part of UN drive to fight Aids

KRA discloses Sh15.9bn tax on Safaricom deal

The Kenya Revenue Authority says Vodafone share swap with subsidiary attracted capital gains levy.

EDITORIAL: Reckless spending of public funds by counties shameful

We expect Kericho and other county governments to shun profligate spending and only engage in projects that uplift their people.

EDITORIAL: Instil transparency culture

Ministry of Education's decision to speedily mark and release the 2017 Kenya Certificate of Primary Education results is without doubt laudable.

Retailers must innovate to be competitive

The Kenyan retail market is clearly going through a very difficult moment.

Disruptors hold key to insurance industry growth

Lack of innovation in this era of digitisation is partly to blame for the low insurance penetration in Kenya and the continent.

It doesn't take ICT to prove that we are one people

It should not take technology to convince or show us that we are one people.

Kenya's vast potential for app creation waiting to be tapped

Kenya's ICT infrastructure offers immense opportunities for people with skills in app creation.

Firefox upgrades search engine for faster browsing

Web browser Firefox has upgraded its search engine offering faster and more responsive connections.

Report says fintech firms top financial sector disruptors

Local companies have rapidly adopted fintech strategies as they drive innovation for products and services to meet customer expectations and maximise value.

Unclaimed assets hit Sh31.3bn as firms surrender securities

Cash and securities whose owners cannot be traced have risen to Sh31.35 billion from September's Sh27 billion.

Coffee price drops marginally as quality beans trickle into market

Coffee prices at the Nairobi weekly auction dropped marginally in this week's sale as quality beans from central Kenya trickled slowly into the market.

Mombasa Cement to double output at its Athi River plant

Mombasa Cement has unveiled plans to double annual production volume to 3.2 million metric tonnes.

Maize and SGR imports raise trade deficit by Sh216 billion

Kenya's trade deficit widened by Sh215.6 billion in the first eight months of the year as the cost of maize and rail imports soared amidst flat export earnings.

Ministry says to push Dar for joint EU export deal during visit

Kenya will use this month's meeting with Tanzania to push Dar es Salaam to sign the European market access agreement as the country fights to save its multi-billion shilling traded.

Twiga Chemicals clinches Company of Year top award

Twiga Chemical Industries scooped the 2017 Company of the Year Award while its managing director Anantharaman Ramamurthy took home the first runner's-up CEO's trophy.

Mailu appoints heads of Afya House bodies

Health secretary Cleopa Mailu has gazetted two new appointments at the ministry, including the fresh mandate of Dr Nduku Kilonzo as director of the National Aids Control Council .

IT systems provider set to open local, E Africa office

IT systems provider Syspro is set to open a Nairobi office that will also serve as the hub for its East African operations.

NBK faces biggest hit in KQ debt deal

Commercial banks in the Kenya Airways debt restructuring deal may have lost an equivalent of eight per cent of their annualised net profit.

Kenya plans Halal expo to tap Muslim buyers

Kenya is set to host an exhibition on Halal products as it seeks to tap the growing Muslim community customer-base.

China's Huawei unveils mobile devices on Jumia platform

Chinese tech firm Huawei has unveiled its Mate 10 mobile devices on Jumia Kenya where it will sell exclusively for two weeks.

KenGen tariff about-turn saves power consumers higher bills

KenGen has abandoned its bid to raise the price at which it sells hydropower to Kenya Power, sparing homes and businesses steep power bills.

Bridge schools face UK funding withdrawal after MPs raise concerns

Bridge International Academies , which is also supported by British aid money, offers cheap nursery and primary education to poor families in Kenya and Uganda.

Only seven public schools make it to the top 100 list in KCPE

Only seven public schools made it to the list of the best 100 schools in this year's Kenya Certificate of Primary Education examination.

IFC opens corporate governance training for firm directors, managers

Directors and top managers are set to undergo a voluntary two-day refresher training on new corporate governance rules from November 30 amid rising company failures due to malpractices.

Firms say suppliers flouting 40pc local-buy directive

Crafty domestic suppliers have frustrated the June 2015 presidential directive to State organs to outsource at least 40 per cent of products locally, manufacturers said on Wednesday.

Safari rally drives coast hotels' boom

The event, which kicks off tomorrow, is being sponsored by national carrier Kenya Airways

Safaricom shares rally to a new record high

This came as foreign investors rushed back to the Nairobi Securities Exchange.

Masinde Muliro shut over university dons' strike

Students at the university's hostels have been asked to vacate their rooms by Wednesday

New govt portal seeks to ease import and export trade, curb corruption

Traders have easier access to all documents needed as well as contacts of all officers involved in clearing goods.

Low awareness, high costs add to Kenya's kidney disease burden

More dialysis centres and increasing uptake of insurance has improved access but does not affect disease incidence

Zimbabwe's Mnangagwa to return home after Mugabe resignation

Mnangagwa, 75, who fled from Zimbabwe in fear of his safety after being sacked this month

Battle for top schools as more candidates pass KCPE exam

9,846 attain more than 400 marks, intensifying scramble for national schools

NSE shares up Sh50bn as markets react to ruling

Co-op and Safaricom stocks gain as shilling rises to the dollar for second day

Uber paid hackers Sh10m to conceal data stolen from 57 million accounts

Uber Technologies Inc. paid hackers about Sh10 million to keep secret a massive breach last year that exposed the personal information of about 57 million accounts.

Toilets a better gauge of household's economic status

Unicef estimates that worldwide, 60pc of the population lack household toilets.

Wage bill queries as Kericho hires 30 PAs

Kericho county assembly is set to hire 30 personal assistants for local ward representatives.

Kenyan envoys sought congratulatory messages, FT reports

But Foreign Affairs PS Monica Juma says congratulatory messages were unsolicited.

NGO board cites anomalies in Kalonzo Foundation case

The NGO Co-ordination board has accused the Kalonzo Musyoka Foundation of being inconsistent with information about its activities hence the move to freeze its bank accounts.