Business Rai opens a new sugar plant PHOTO: COURTESY At least half of the sugar produced in Kenya is now controlled by one man after the billionaire Rai family opened their fourth milling plant in Bungoma. Naitiri Sugar Company which started milling in May is the new addition to the family’s sugar conglomerate that now spans the country. The new plant extends Rai’s position as the leading sugar manufacturer from a combined capacity of his existing […] todayJuly 21, 2022 430
Business Expensive fuel looms as IMF drops support for subsidy PHOTO: COURTESY IMF has set a fresh loan condition requiring Kenya to drop fuel subsidy by October, exposing motorists to a sharp rise in pump prices. Kenya has since April last year spent an average of Sh7.65 billion monthly to subsidise diesel, super and kerosene, highlighting the adverse impact of the fuel stabilisation programme on the country’s revenues. The multilateral lender has inserted the removal of the subsidy […] todayJuly 21, 2022 170
Business Where Kenya’s super-rich are migrating to for investments Wealthy Kenyans are seeking second homes in St Kitts and Nevis, a two-island county in North America. Its education system is better, it is affordable to get citizenship because the investment requirement is fairer than in other countries and it is crypto-friendly hence attractive to technology investors and entrepreneurs. Henley & Partners, a leading international citizenship and residence advisory firm, says in 2022 Kenyans are showing interest […] todayJuly 21, 2022 17
Business president Kenyatta halves the cost of maize flour photo: courtesy The cost of maize flour, used to make Kenya's staple food, has been cut in half less than three weeks before general elections. The measure aims to deal with the rising cost of living that has seen prices of basic commodities soar. A 2kg (70 oz) packet of maize flour will now retail at KSh100, instead of KSH 200. Critics say Mr Kenyatta is using the measure […] todayJuly 21, 2022 8
insert_link 1 News Dancehall artiste KRG the Don opens over 200million worth club in Kilimani! todayDecember 17, 2021 533 1
KAWU WORKERS SET TO STRIKE FOUR DAYS BEFORE CHRISTMAS THREATENING DISRUPTION AT JKIA AND OTHER AIRPORTS.
KIZZA BESIGYE FILES A LAWSUIT AGANIST THE GOVERNMENTS OF KENYA AND UGANDA OVER HIS ABDUCTION IN NAIROBI.
