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This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

CBK Appoints Liquidator for Nakumatt-Linked Charterhouse Bank Limited (CHB)

he bank had 10 branches in Nairobi, Kisumu and Mombasa. Eight of these branches were located at branches of the erstwhile Nakumatt Supermarket Stores, an associate of the bank through common shareholding.

CMA Approves Crown Paints Kenya Plc Rights Issue

Mr. Shamiah added that the Authority had reviewed the application for exemptions from complying with Regulation 4 of the Capital Markets (Take Over and Mergers) Regulations, 2002 in relation to the intention of the company’s major shareholders, who have undertaken to take up their full rights entitlements. They are also willing to take more than their initial entitlements subject to availability during the rights issue.

How Sauti Sol Landed in Ksh10 Million Debt [VIDEO]

Once they cleared the debt, they shifted focus to strategically taking over the continent and invested revenues from performances and endorsements in collaborations and music videos with artists in key markets including Nigeria and South Africa.

OPPO Kenya Introduces 2 New A Series Devices – OPPO A74...

Three cameras are laid out in a simple, yet premium matrix layout often found on high-end phones. The lens uses a superposition process through etching and screen printing, while the decorative color uses metal oxide colors that harmoniously blend into the overall colors of the phone. The Rear Cameras itself feature a 13MP Main Camera, 2MP Macro Camera for close range shots, and 2MP Bokeh for brilliant bokeh shots that blur the background and highlight the subject of the photo.

KEBS Launches One-Stop Import-Export Approvals Platform

“We anticipate that the new single window system will eradicate the past operational inefficiencies associated with trade documentation and approval processes. This will enhance customs efficiency and boost national competitiveness in the import-export market through simplified cross border trade processing,” says Lt Col (Rtd) Bernard Njiraini, Managing Director, KEBS.

Amazon Ad Revenue Projected To Almost Double By 2023 To $30B...

As further evidence of Amazon’s dominance within this format, the next largest share belonged to Walmart which accounts for just 6.5% of the e-commerce channel ad market. The remaining 11% of Amazon’s ad revenue comes from ads on its video platforms and off-property ads sold through Amazon Delivery Service Program (DSP.)

Trader Fined Ksh80, 000 for Possession of Fake Excise Stamps

Principal Magistrate David Ndunge found Francis Kariuki Macharia guilty of being in possession of 6000 bottles of 300 ml Azam energy drinks that were uncustomed and of a customs value of KShs.155,000. He also faced a charge of being in possession of excisable goods without excise stamps which is contrary to regulation 30(1)(b) as read with regulation 30(2) of the Excise Duty(Excisable Goods Management System Regulations, 2017).

NMG Taps Mawingu Networks Boss for CTO Role

As the CTO, August will be in the driver's seat in NMG's digital transformation plan, which has so far seen them rebrand their flagship platform and introduce a paywall. Earlier in April, the firm confirmed having hit 50,000 subscribers.

Re-Imagining SME Operations in a Post-COVID Economy

As part of their post-Covid recovery strategy, many SMEs are looking to take advantage of the instant connection offered by technology to reach out and get feedback from their customers and apply it to their businesses immediately. To cater for such needs and offer I. T solutions to the African Market, The Adaptis Group announced on Monday, 26th April 2021 that it has acquired Solstice Technologies.

Tough Questions Kenyans Want Answered on Uhuru’s New Work Permit Policy

“We would like to see many investors from Tanzania coming to do business in Kenya. And I want to say this, Tanzanian investors are free to come and do business in Kenya. The only thing you will be required to do is to follow the laid down regulations and the laws that are in place,” Uhuru asserted while pushing for fast-tracking of the East African Common Market Protocol.