News : Business

Kenyans Don’t Consult Wealth Managers

Most people shun expert advice, making poorly thought out investment decisions. (Business Daily Africa)

Basco Paints, Del Monte hit with Sh21.5m fine for unfair trade practices

Competition watchdog found the two firms to have been engaging in unfair trade practices. (Business Daily Africa)

Timeless UB40 at Nairobi’s Carnivore

The group promises to give fans the closest thing to the sound of the original line up of UB40. (Business Daily Africa)

China shuts transport, temples, Disneyland as virus toll rises to 26

China suspends public transport in 13 cities, shuts down temples and rushes to construct a hospital to treat the infected. (Business Daily Africa)

Jonathan Mueke talks second chances

Jonathan Mweke’s life has been building up to something. (Business Daily Africa)

Activist launches legal fight over CMA board chairman

Okiya Omtatah accuses President Kenyatta and the Treasury Secretary of handpicking the board members. (Business Daily Africa)

State runs out of options as locusts devour more crops

Debate intensifies on whether the use of pesticides is an appropriate method to fight the insects. (Business Daily Africa)

Kindergartens of Privilege: How much parents are paying as nursery fees

Investing heavily in the early years education, which starts from one and half years to six years, has become the new luxury. (Business Daily Africa)

Over 100 insurance brokerage firms to be delisted in purge

Half of all the 213 insurance brokerage firms in the country are set to be delisted for non-compliance with the Insurance Act, effectively barring them from taking up any new business this year. (Business Daily Africa)

Sigona Safari Tour to open doors for Magical Kenya 2020

The Safari Tour serves as the exclusive qualification route for Kenyan and other African golfers to qualify for slots into the 2020 Magical Kenya Open. (Business Daily Africa)

Odyssey of a South African family that settled in Narok

I first met Norman Nzaba Sobayeni in 1964 while he was in his fourth year at Alliance High School, Kikuyu. (Business Daily Africa)

‘Notes from a Young Black Chef’ sets pace in American dream race

Notes from a Young Black Chef is set in New York where Kwame was born to a Nigerian father Patrick and Creole mother Jewel from Louisiana. (Business Daily Africa)

Netflix film revisits Cambridge Analytica, Facebook data scam

‘The Great Hack’, Netflix’s newest documentary film, feels more like an intense murder mystery that’s filled with profound political intrigue. (Business Daily Africa)

French film fete goes online

This year’s ‘My’ French Film Festival will primarily be an online event featuring over 20 feature and short films which Kenyans can watch for free. (Business Daily Africa)

Railway holds key to freeing up roads, cutting pollution

Disruption has become the only constant in the rapidly-changing world of business. (Business Daily Africa)

Diaspora full-year inflows up marginally in December

Diaspora remittances rose 14.4 percent in December 2019 to Sh25.32 billion. (Business Daily Africa)

Treasury in race to fund mini-Budget

The Treasury is under pressure to accept a larger proportion of investor bids at auctions. (Business Daily Africa)

Hotels decry cash flow crisis due to unpaid county bills

Hoteliers in western region have raised concerns over delay by counties to settle pending bills amounting to more than Sh50 million. (Business Daily Africa)

Nakuru rolls out plan to revive textile sector

Nakuru is wooing a number of investors to set up more textile and apparels factories. (Business Daily Africa)

Roll out proposals on parastatal reforms

The point in the phrase is that a president’s most important job is the economy. (Business Daily Africa)

Let’s make clean cooking technologies available to all

Harmful cooking techniques are used at a huge cost to the environment and the health of inhabitants of these households. (Business Daily Africa)

LETTERS: Develop regulatory plan for boda boda riders

Nairobi has seen an increase of boda boda riders, much to the annoyance of residents. (Business Daily Africa)

EDITORIAL: Restricting cane farmers to zones not the solution

A report by a task force proposing that sugarcane farmers be restricted to selling their produce to millers in their locality is retrogressive. (Business Daily Africa)

EDITORIAL: SMEs expansion timely

The latest plan to set up regional hubs for small and medium enterprises (SMEs) to ease access to government services is welcome (Business Daily Africa)

IRA not notified of Saham acquisition

IRA has cautioned the public that the announced takeover of Saham Assurance Company. (Business Daily Africa)

Tanzania: Magufuli Okays Sale of Confiscated Gold, Copper Concentrates

[East African] Tanzanian President John Magufuli on Friday gave the greenlight for a consignment of 270 containers of gold and copper concentrates impounded at the port of Dar es Salaam in March 2017, to be sold. (AllAfrica)

Tanzania: Tanzania Signs New Implementation Deal With Barrick

[East African] Tanzania and the Canadian mining giant Barrick Gold Corp on Friday signed an agreement to kick-start their new joint venture company to oversee Barrick's future gold mining operations in the country, as a way forward following a year long impasse. (AllAfrica)

Zimbabwe: RBZ Threat to Freeze Bank Accounts of Forex Wheeler Dealers

[New Zimbabwe] THE Reserve Bank of Zimbabwe (RBZ) has threatened to freeze bank accounts belonging to individuals and corporates that continue to cause market distortions through illegal foreign currency deals. (AllAfrica)

Egypt: Orange Egypt to Build New Data Centre in Cairo

[The Exchange] Orange Egypt signed an agreement with the Administrative Capital for Urban Development (ACUD) to build and operate the new administrative capital's data centre and cloud computing platform. (AllAfrica)

Ethiopia: Ministry Grants Five Mineral Exploration Licenses

[Reporter] The Ministry of Mines and Petroleum yesterday granted five mineral exploration licenses for local and foreign mining firms. (AllAfrica)

Seychelles: Seychelles Signs Contract With UK Company to Help Students Improve Reading

[Seychelles News Agency] Seychelles has signed a contract with Renaissance, a global leader in pre-K to 12 education technology, for a three-year programme to improve student attainment in English reading in all primary schools, said the Ministry of Education. (AllAfrica)