Category: Business
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A new report has ranked Nairobi among the cities with the highest number of dollar millionaires in Africa. The Kenyan capital has a total of 5,400 High-Net-Worth Individuals (HNWIs) whose wealth is over $1 million (Sh120 million), according to the 2022 Henley Global Citizens Report for the third quarter. Nairobi is also home to 240…
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Details about how the late Kenyan businessman Chris Kirubi distributed his multi-billion-shilling estate have emerged. Kirubi whose wealth is estimated at Sh20 billion left 80 percent of the estate to his son Robert Kirubi and daughter Mary Anne Kirubi, but the two have mutually agreed to give 9.95 percent of their shares to their sister…
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A local sugar factory. PHOTO/COURTESY The Kenya Sugar Board (KSB) has set an end-of-October target for the full revival of four state-owned sugar mills leased to private operators, saying the reforms are beginning to yield results. KSB Chairman Nicholas Gumbo said Muhoroni and SONY Sugar Companies have already resumed milling. “We have toured these factories…
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Tourists touring a park in Kenya. PHOTO/COURTESY Kenya has approved a significant hike in entry fees for its national parks, reserves, and sanctuaries, with new rates set to come into force from Wednesday, after Parliament endorsed new regulations. According to the Kenya Wildlife Service (KWS), Nairobi National Park will see the steepest adjustment, with charges…
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A closed filling station. PHOTO/COURTESY Ten petrol stations across Kenya have been forced to shut their doors after the Energy and Petroleum Regulatory Authority (EPRA) uncovered fuel adulteration during a surprise inspection exercise. The regulator disclosed that the checks, carried out between July and September, covered 1,315 sites nationwide. From the 6,090 tests conducted, 1,303…
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Nakuru Governor Susan Kihika on Friday September 26 met a team from Geothermal Development Company led by Managing Director Mr Paul Ngugi to asses emerging issues affecting the local communities around Menengai Crater. It should be noted that the parastatal is preparing to embark on the third phase of geothermal exploration at the Menengai geothermal…
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He began his entrepreneurial journey as a soft drink distributor in Nakuru. Over time, he expanded his business ventures, becoming a significant figure in Nakuru’s business community. Mburu is the founder and director of Landmark Freight Services, a clearing and forwarding company based in Mombasa with branches in China. The company has over the years…
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With the rainy season approaching, homeowners must take proactive measures to safeguard their homes from potential water damage and other related concerns. By addressing vulnerable areas in advance, one can ensure the home remains dry, safe, and undamaged during torrential downpours. Here’s a comprehensive guide on preparing your home for the heavy rainy season. The…
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Homes are unique in that they’re one of the few things that can increase in value beyond what you initially paid for them. In order to do this, though, you must be willing to spend some time and money to make your home more desirable. Let’s take a look at some of the best home…
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CS Mutahi Kagwe speaking at the official opening of the 17th African Dairy Conference and Exhibition (AFDA17) at the Kenyatta International Convention Centre. HANDOUT Agriculture and Livestock Development Cabinet Secretary (CS) Sen. Mutahi Kagwe has sounded a stern warning to Kenya’s dairy sector, insisting that the country’s ambitions to expand milk exports will collapse unless…