October 30, 2014

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[OPED] Hatred for Miss Uganda shows our miserable lives, covered in false hair -

Thursday, October 30, 2014

Equity bank makes a Sh11 billion net profit in 9 months -

Thursday, October 30, 2014

Muslim extremists take over third mosque in Mombasa -

Thursday, October 30, 2014

Kenya secondary school students to enjoy free education from 2015 -

Thursday, October 30, 2014

Raila watches in disbelief as rowdy ODM youth eject Magerer from PG meeting -

Thursday, October 30, 2014

[PHOTOS] KQ opens Sh120m executive lounges at JKIA -

Thursday, October 30, 2014

[VIDEO] English-Irish Boy Band “One Direction” releases single featuring Maasai warriors -

Wednesday, October 29, 2014

KCSE Candidate goes blind writing her maths paper -

Wednesday, October 29, 2014

Sonko accused of stealing Sh6million from Makadara -

Wednesday, October 29, 2014

Regulator says only PhD holders will lecture in Kenyan Universities -

Wednesday, October 29, 2014

Equity bank makes a Sh11 billion net profit in 9 months

Equity-Mwangi

Equity Bank has reported a Sh11.2 billion after-tax profit in its third quarter, equivalent to a 26 per cent growth from its 2013 third quarter profit. “We have harnessed global merchant capacity, now enjoying 92% annual commission growth, our assets hit 339 billion while loans grew to 207 billion at 24 per cent,” CEO James Mwangi reported on Thursday afternoon. Mwangi announced that the bank’s net profit loss has dropped by 4.3 per cent, and that regional subsidiaries registered a 137 per cent profit before tax growth. He said the Equity currently controls 17 per cent of the diaspora remittances…

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[PHOTOS] KQ opens Sh120m executive lounges at JKIA

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Kenya’s national carrier  Kenya Airways, has put what may soon be some of the best executive airport lounges in the world, at the Jomo Kenyatta International Airport. The multiple guest lounges at the Jomo Kenyatta International Airport (JKIA) Terminal 1A will provide hospitality services for passengers’ flying on Kenya Airways and its SkyTeam partners. The state-of-the-art Terminal 1A, commenced partial operations and is dedicated for use by Kenya Airways and its partners. The new airport lounges, developed at a cost of more than KSh120Million, will provide unparalleled comfort and convenience to guests and are now operational. The new lounges feature free Wi-Fi, a…

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Kenya denies American company aviation licence

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Former US Navy Seal Erik Prince’s bid to enter Kenya’s nascent oil and gas industry has run into regulatory headwinds after the government denied him an aviation licence to set up a logistics services business for the extractive industry. Kenya Civil Aviation Authority (KCAA) last week declined to renew the air service licence for Kijipwa Aviation – the company in which Mr Prince owns a 49 per cent stake – citing queries over the shareholding of the Mombasa-based carrier. “Licence not granted,” said KCAA, in a Kenya Gazette notice dated October 21, 2014; in response to Kijipwa’s application for renewal…

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Vipingo Ridge golf estate – where Kenya’s wealthy can escape reality

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More than half a dozen golf residential estates have popped up in Kenya in the last five years. Buyers are spending millions of shillings to own homes in them, even though the majority don’t play golf and have no plans to do so. At the Kenyan coast, often associated with prime beachfront homes, stands the 2,500-acre Vipingo Ridge golf development. The project combines scenic views of the region, a game conservancy, sandy beaches and an 18-hole course. Targeted at Kenya’s wealthy, Vipingo Ridge also has a private airstrip, numerous lakes, woodland areas and nature trails. So far, 600 acres of the 2,500-acre project have been…

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Boeing: Kenya Airways’ Dreamliners are the world’s best performing

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The national carrier Kenya Airways, has broken new operating efficiency ground following the ranking of its recently acquired fleet of Boeing 787 Dreamliner aircrafts among other global airlines. According to a mid-term technical evaluation report by Boeing- the aircraft manufacturers- Kenya Airways, fleet of five 787 Dreamliner planes received by early October have been performing at an operations reliability rate of 99.4 per cent making KQ at number one among Dreamliner Airline operators in terms of scheduled interruptions. The technical report further confirms that, at such an operations reliability score, the Kenya Airways fleet is performing way above the current 787…

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When your dream home in Kenya turns into a nightmare

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Ever since Jane Wangui and her husband bought their home in Lower Kabete, Nairobi, it has been a cat-and-mouse game with the seller. For seven years, they have pursed the developer to hand over the land titles, to no avail. They have hired lawyers to follow up on the case, but “they vanish along the way”. “We don’t know why these lawyers disappear,” she says. Together with 11 buyers, they each bought a house for Sh15.5 million. But on its completion, the seller raised the price to Sh17.5 million. Mrs Wangui told her lawyer to pursue the case since the…

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[VIDEO] Low cost Kenya made car goes on sale at Sh950,000

MOBIUS

A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago. The car, which trades under the brand name Mobius, entered the showrooms this month at a price of Sh950,000 – making it the lowest priced new vehicle in the country. Mobius Motors is the car maker while Thika-based Kenya Vehicle Manufacturers (KVM) is the assembler of the car that is designed for Africa’s rough terrain and off-road driving. The vehicle comes with extras such as air conditioning and power steering. Mobius, whose…

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Coming soon: Kenya’s world class metropolis

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That Nairobi’s socio-economic services are stretched to the limit is not in doubt. In fact, over the years, urban planners have grappled with the problem of decongesting the city whose population is now close to four million. Various interventions have been outlined but little seems to have changed in urban development. But did you know that the Government has an ambitious plan to disperse much of Nairobi’s population through the creation of six new cities? In March 2013, then Lands minister James Orengo signed a document entitled, Spacial Planning Concept for Nairobi Metropolitan Region, in which six thematic cities are included as…

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Wealthy Kenyans push number of registered planes to 1,268

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The number of registered aircraft in Kenya grew by 32 per cent in the past five years to 1,268 in a show of growing affluence by the elite who are driving up demand for air travel. The 1,268 aircraft comprise those belonging to operators of scheduled flights, charter flights and privately owned planes that operate from small airports and airstrips. Data from the Kenya Civil Aviation Authority (KCAA) shows that the country had 958 registered planes five years ago. More than 80 per cent of the recently registered vessels are light aircraft weighing up to 10 tonnes that are popular…

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KRA publishes guidelines on importing vehicles from Diaspora

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The Kenya Revenue Authority has published guidelines on importing vehicles from the Diaspora following a directive by President Uhuru Kenyatta that Kenyans in the Diaspora be allowed to import vehicles. The guidelines which are to take effect from November 1, 2014 were outlined by Cabinet Secretary in the National Treasury Mr Henry Rotich. The guidelines are as follows: 1. The returning resident must meet all the conditions stipulated in the 5th Schedule of EACMMA, 2004 regarding the definition of a returning resident. 2. The returning resident must be able to prove ownership of a vehicle in the country of residence for a…

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