Daily Archives: May 27, 2013

Weak rand knocks Verimark: Mike van Straaten – CEO, Verimark

Selling prices rising again following ‘frightening’ rand weakness.

Posted in African News | Comments Off on Weak rand knocks Verimark: Mike van Straaten – CEO, Verimark

Regulation of tax practitioners: Piet Nel – project director, SAICA

Non-SARS-registered tax practitioners may not assist any taxpayer after July 1.

Posted in African News | Comments Off on Regulation of tax practitioners: Piet Nel – project director, SAICA

Full-year results: Kevin Hedderwick – CEO, Famous Brands

Steers the standout performer – and tashas ‘recession proof’.

Posted in African News | Comments Off on Full-year results: Kevin Hedderwick – CEO, Famous Brands

Market news: David Shapiro – Sasfin

‘It was more or less the heavyweights that actually led the market upwards.’

Posted in African News | Comments Off on Market news: David Shapiro – Sasfin

Auditor-general says Kenya Railways insolvent

Kenya Railways Corporation (KRC) is insolvent to the tune of Sh50 billion, making it yet another State-owned enterprise that has gone bust.

Posted in African News | Comments Off on Auditor-general says Kenya Railways insolvent

Kibaki named the most inspirational Kenyan

Former president Mwai Kibaki has defied retirement to enter the list of influential people that Kenyans find most inspiring, a new survey indicates.

Posted in African News | Comments Off on Kibaki named the most inspirational Kenyan

Farmers call for revision of Yala land agreement

Residents of Kadenge in Siaya District want a land use agreement with American investor Dominion Farm revised.

Posted in African News | Comments Off on Farmers call for revision of Yala land agreement

Kenyan firms head for Somalia investment forum

Kenyan companies have signed up to participate in the first regional investment conference on Somalia to be held in Nairobi on Tuesday.

Posted in African News | Comments Off on Kenyan firms head for Somalia investment forum

Moi varsity in deal with firm to expand hostels

Moi University in partnership with two international firms is set to expand its accommodation facilities to cater for a surging student population.

Posted in African News | Comments Off on Moi varsity in deal with firm to expand hostels

Sun N Sand gives way to Sh15bn luxury apartments

The 600-bed capacity five-star beach resort, Sun N Sand, will be demolished and replaced by seven luxurious apartment blocks over the next five years.

Posted in African News | Comments Off on Sun N Sand gives way to Sh15bn luxury apartments

Power connections set to cost more

Consumers living outside the 600-metre radius of a transformer will pay more to connect to the power grid, Energy and Petroleum secretary Davis Chirchir said on Monday.

Posted in African News | Comments Off on Power connections set to cost more

Kimemia quizzed by MPs over Japan embassy scandal

MPs on Monday grilled outgoing head of civil service and nominee of secretary to the Cabinet Francis Kimemia over corruption in the public service.

Posted in African News | Comments Off on Kimemia quizzed by MPs over Japan embassy scandal

Sameer Africa shelves gumboots venture to focus on tyre business

Sameer Africa has dropped plans to start making other rubber products such as gumboots and will instead focus on the tyre business.

Posted in African News | Comments Off on Sameer Africa shelves gumboots venture to focus on tyre business

National Bank sale to investor dropped in new funding plan

The National Social Security Fund (NSSF) and the government have committed to participate in National Bank’s plan to raise more than Sh10 billion

Posted in African News | Comments Off on National Bank sale to investor dropped in new funding plan