Friday, July 19, 2019
KRA intercepts Ethanol and a Range Rover Mombasa port

KRA intercepts Ethanol and a Range Rover at Mombasa port

Kenya Revenue Authority (KRA) has intercepted 144 drums of imported Ethanol at the Port of Mombasa which had been misdeclared as 1000 bags of...
Safaricom sued 115 trillion in damages for alleged breach of privacy

Safaricom sued 115 trillion in damages for alleged breach of privacy

Telco giants Safaricom has been slapped with a 115 trillion lawsuit for alleged breaching the privacy for its millions of customer.
Safaricom customers can now reverse call cost to receivers

Safaricom customers can now reverse call cost to receivers

Communication giants Safaricom have introduced a reverse call where callers will be able to transfer the cost to the receiver by adding # before...
A Nairobi Labour Court has on Friday ordered family Bank of Kenya to pay its former MD Peter Munyiri Ksh 30 million in unpaid gratuity. Peter Munyiri who had filed a successful application before the court claimed unpaid gratuity for a five-year contract served under the institution. Family Bank of Kenya was further accused by its former MD for offering him less than what other company grouped in the same tier. The claim filed by the accuser claimed that the institution is ranked by the Central Bank of Kenya in the same tier as Housing Finance Company of Kenya (HFCK) and the National bank of Kenya (NBK) who pay gratuity at the rate of 31%. Passing the ruling was Judge Maureen Anyango who awarded Mr. Peter Munyiri Ksh 30.6 million instead of Ksh 57 Million he claimed. The 30 million was arrived at after Price Water Coopers auditors concluded that the average market rate for gratuity in the banking industry was at 18% of the gross annual basic salary. Banks such as the National Bank of Kenya are said to be paying out gratuity at the rate of 31% as they are under parastatals. Munyiri has however appealed the Ksh 30 million award as he seeks Ksh 57 million.

Family Bank ordered to pay its former MD Ksh 30 million

A Nairobi Labour Court has on Friday ordered family Bank of Kenya to pay its former MD Peter Munyiri Ksh 30 million in...
Treasury Cabinet Secretary (CS) Henry Rotich has announced the appointment of James Githii Mburu as the new Kenya Revenue Authority (KRA) commissioner. In a gazette notice on Thursday James Githii Mburu will serve for a period of five years effective July 2019. The incoming KRA commissioner will be taking over from John Njiraini who has been at the helm of Kenya’s revenue body since March 2012. 30 Kenyans had applied for the position when it was advertised back in April and the list saw a final shortlist of five candidates. The five candidates included; Julius Waita Mwatu, Richard Buru Ndung’u, Andrew Kazora Okello, Duncan Otieno Onduru and James Mburu himself.

James Mburu takes over from John Njiraini as KRA commissioner

Treasury Cabinet Secretary (CS) Henry Rotich has announced the appointment of James Githii Mburu as the new Kenya Revenue Authority (KRA) commissioner.
Kenya Airways suspends flights to and from Khartoum

Kenya Airways suspends flights to and from Khartoum

Kenya’s leading airline Kenya Airways has suspended its flights to and from Sudan following the uncertain situation at Khartoum International Airport.
EABL new mothers to get up to six months of maternity leave

EABL new mothers to get up to six months of maternity leave

East African Breweries (EABL) is set to reward its female employees with up to 6-months of maternity leave. The new...
Safaricom announce a 14.7% increase in net profit

Safaricom announce a 14.7% increase in net profit

Kenyan telecom giants Safaricom has announced a 14.7% increase in net profits and 7% top-line growth during their 2019 full year results.
Kenya Airways net profits drop by 7.5 billion

Kenya Airways reports a 7.5 billion net loss

Kenya Airways has reported a net loss of 7.5 billion in profits as the company announced its 2018 financial year performance.
Jambo Pay offers free parking on Monday

Jambo Pay offers free parking on Monday

Jambo Pay an electronic payment platform is offering free parking for motorists this Monday 29th April 2019. The company which is celebrating...