Day: May 24, 2021

4 Articles
Ethiopia mobile licence awarded to Safaricom Consortium
SMART BUSINESS

Consortium Led By Safaricom Wins Ethiopia Mobile Licence

In addition to Safaricom, the partnership includes Vodacom Group, Vodafone Group, Sumitomo Corporation (one of the largest international trading and business investment companies);...

Rice importers Rahim Qasim and Rameez Gulzar Ali
BUSINESS

Rice Importer Loses Appeal Against Sh1.4 Billion Tax Claim

Jhulay LAL Commodities Ltd appealed the decision KRA's, contesting that the entire tax of Ksh1,456,433,604 demanded was excessive. The main grounds of the...

Jimnah Mbaru. The 66-year old Chairman of Dyer and Blair is one of Kenya's foremost investment bankers, with an estimated net worth of over Ksh4.8 billion. [Photo/ Weetracker]
BUSINESSPOLITICS

Jimnah Mbaru: ‘Rejected’ Billionaire With Big Ideas for Kenya

Mbaru's Dyer & Blair has been the lead adviser for many of the biggest transactions in the region, including Safaricom's USD 840 million...

A shopper looks at bread at a supermarket. Several bread manufacturers have been found violating numerous regulatory standards following an investigation by the Competition Authority of Kenya (CAK).
BUSINESSECONOMY

Investigations Expose Bread Manufacturers’ Dangerous Practices in Kenya

Five remedial orders were issued against the rogue bread manufacturers. CAK promised to undertake spot-checks to ensure manufacturers complied with regulatory standards.