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Unga prices higher than quoted by State House Spokesperson Hussein Mohamed

Posted on Apr 18, 2023

The drop in prices of maize flour is yet to be effected by various retailers, Citizen Digital has established.

This comes amid reports on the drop in prices of unga by State House Spokesperson Hussein Mohamed.

Taking to Twitter, the State House Spokesperson claimed that the prices have dropped to Ksh.159 and Ksh.160 depending on millers.

COFEK sounds alarm on unreasonable price increases

Posted on Jun 10, 2022

The Consumer Federation of Kenya (COFEK) has sounded the alarm on irrational price increases by certain retailers.

The consumer lobby says it has received an increased number of complaints on retail chains taking advantage of the impending general elections, high inflation and the Russia-Ukraine war to arbitrarily increase prices of fast moving consumer goods (FMCGs).

COFEK lists maize meal, wheat flour, sugar, cooking oil, tissue paper, milk and groceries as some of the goods hit with irrational price tags.

Court Bars KCB From Seizing English Point Marina Hotel Over Ksh.4 Billion Debt

Posted on Jun 09, 2022

KCB Bank has been barred from seizing the English Point Marina hotel in Mombasa over a Ksh.4.8 billion debt row. The restraining orders were issued by Justice Dorah Chepkwony pending the hearing and determination of a petition filed by the hotel.

Justice Chepkwony restained the bank from appointing a receiver or receiver managers, administrators or exercising its power under the said debt.

The bank had appointed a receiver manager, Kamal Anatroy Bhatt, as it intends to sell part or all of the property seeking to raise enough funds to settle the amounts owed to KCB.

Australia sues Facebook owner Meta over scam adverts for cryptocurrency schemes

Posted on Mar 18, 2022

Australia announced Friday it is suing Facebook owner Meta over scam adverts for cryptocurrency schemes that falsely claimed to be endorsed by prominent figures.

Australia's consumer protection commission said it had started Federal Court proceedings against Meta Platforms for "false, misleading or deceptive conduct" in breach of consumer or securities laws.

Nairobi Court Releases Businessman Wanted In Rwanda On Ksh.1M Bond

Posted on Feb 08, 2022

Businessman Nathan Lyod Ndung'u who is wanted in Rwanda has been granted a bond of Ksh.1 million.

The State had filed an application seeking to have him detained for a period of 21 days pending the filing of formal extradition. 

According to police officer Walter Marunga attached to the Transnational Organised Crime Unit of the DCI DCI, Ndung'u was arrested by Interpol on a Red Notice Alert issued last year  February.

The court was told that the republic of Rwanda tried him in absentia and he was convicted in absentia for selling property belonging to another person and was sentenced to five y...

KQ set for another restructuring

Feb 03, 2022

Kenya Airways is set for another round of restructuring as the government seeks to reduce the national carrier’s operational costs. National Treasury Cabinet Secretary Ukur Yatani says as part of the bailout plan for Kenya Airways, the government is reviewing the aircraft leases by Kenya Airways and assessing the carrier’s management.

Treasury To Borrow Ksh.60.5 Billion More For Mini-Budget

Posted on Feb 03, 2022

The National Treasury is expected to borrow Ksh.60.5 billion more in the year to June to fund the just announced 2021-2022 supplementary budget.

According to new estimates from the planning Ministry, net foreign financing is expected to rise from 2.2 per cent of GDP to 2.9 per cent of GDP while net domestic financing will ease by 100 basis points to 5.2 per cent of GDP.

Using figures in the 2021 Budget Policy Statement implies net foreign financing will move to Ksh.352.4 billion from Ksh.267.3 billion while net domestic borrowing eases to Ksh.638.5 billion from Ksh.663.1 billion.

Uganda, Rwanda agree to reopen border after 3 years

Posted on Jan 31, 2022

Ugandan traders welcomed Rwanda's announcement Friday that it will reopen its border after being closed for three years. The Rwanda Ministry of Foreign Affairs said that following last week's visit by Ugandan Lt. Gen. Muhoozi Kainerugaba — who is also President Yoweri Museveni's son — the Gatuna border post will be reopened Monday.

In February 2019, Rwanda closed the border crossing after accusing Uganda of supporting rebel groups in order to destabilize Rwanda. Uganda, meanwhile, accused the Rwanda government of spying.

The Rwandan statement says the government has taken note there is a proce...

KRA acquires new technology to crack down on landlords who are evading taxes

Posted on Jan 12, 2022

The Kenya Revenue Authority (KRA) now says it has brought on board geo-mapping technology in a bid to monitor city landlords’ tax payments.

According to the taxman, a block management system which uses a geographic information system (GIS) is on the way, which will outline buildings across the metropolises.

“We are investing in block management and geo-mapping systems to map out all these urban areas like Nairobi and Mombasa and get to know where these landlords are and who is paying what tax and who is not paying what tax,” Paul Matuku, KRA’s Commissioner for Legal Services and Board Co-ordin...

KFC runs out of imported potatoes for chips, snubs local farmers

Posted on Jan 04, 2022

Fast food chain KFC has suffered a shortage of potatoes at its outlets in Kenya following delays in delivery from its overseas suppliers, forcing it to offer customers alternative food items in place of French fries.

The firm’s Chief Executive for East Africa Jacques Theunissen told the Business Daily Monday that the shortage of chips, as they are commonly known, was due to a hitch in global supply of potatoes.

“It has to do with delays in shipping lines due to the Covid situation. Ships have been delayed for more than a month now, but we are working hard to restore as the first containers are...