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Del Monte expands products with new Sh129m investment

Nairobi, May 6 -- Del Monte Kenya has invested Sh129.2 million ($1 million) to launch new products, including energy and carbonated drinks such lemonades that will be sold in aluminum cans. The compa... Read More


Gathungu raises doubts on Sh206bn cash transfers on eCitizen

Nairobi, April 23 -- Auditor-General Nancy Gathungu has questioned the veracity of the financial statements of the eCitizen, after a review flagged widespread inconsistencies for the year ended June 2... Read More


Mivida Homes enters luxury market with Sh5.6bn project

Nairobi, April 23 -- Residential property developer, Mi Vida Homes, has launched a Sh5.6 billion ($42 million) project in Tatu City, marking its entry into Kenya's luxury housing segment. The develop... Read More


Roadblocks, transit delays targeted in Northern Corridor revamp plan

Nairobi, April 21 -- The State Department for East African Community (EAC) Affairs targets new reforms to restore the efficiency and competitiveness of the Northern Corridor by eliminating costly non-... Read More


NGOs and charity firms cut expat jobs to a five -year low

Nairobi, April 20 -- The number of expatriates employed in the Public Benefits Organisation (PBO) sector in Kenya, which includes non-governmental organisations (NGOs) and charity firms, has dropped t... Read More


Britam and Singaporean lodging firm Ascott in Nairobi hotel deal

Nairobi, April 14 -- Singapore-based international lodging owner-operator the Ascott Limited has expanded its footprint in Nairobi with the signing of a new hotel facility planned for construction in ... Read More


Oil firms get Sh3.5bn for losses at defunct refinery

Nairobi, April 7 -- The State released Sh3.52 billion to compensate oil marketing firms for losses incurred at the defunct Kenya Petroleum Refineries Limited (KPRL), Auditor-General Nancy Gathungu sai... Read More


Gathungu flags irregular pay for 'absent' top refineries officer

Nairobi, April 7 -- Auditor- General Nancy Gathungu has flagged irregular salary payments to a senior officer of the Kenya Petroleum Refineries Limited (KPRL) who continued to earn from the company de... Read More


Kenya small businesses to tap IFC's planned Sh6.7bn fund

Nairobi, March 1 -- The International Finance Corporation (IFC) proposes to invest up to Sh6.7 billion ($52 million) in microfinance institution, Platcorp Holdings Limited, to boost its liquidity and ... Read More