Business Archives - Page 19 of 19

China could seize Mombasa Port over SGR loan.

15Mar

By Nasra HusseinNo Comments

Business

China could seize Mombasa Port over SGR loan.

The port of Mombasa could be under the control of the Chinese if the government defaults on the Sh364 billion SGR loan. The Auditor General reveals that the assets of Kenya Ports Authority were used as collateral for the Sh363.96 billion Standard Gauge Railway loan. In a report tabled in Parliament, the Auditor General reveals officially for the first time that Kenya waived its immunity in the event of a legal dispute linked to default of servicing the loan. The borrowers – KPA and Kenya Railways Corporation - gave up claim to any immunity from legal proceedings or any of their assets. This would be in respect of any cases filed today or in future in connection with the agreement. In what brings the risk closer to home, KPA is referred to as the borrower, contrary to ...

11Mar

By Nasra HusseinNo Comments

Business

Spotify Finally in Africa.

Spotify has made its debut to the wider Africa Market despite staying away from the continent over a decade and being being accessible only through VPN. The Africa market is important and will give independent upcoming Africa artist a bigger platform which expose Spotify to a 1 billion user market. Managing director of middle East and Africa,Claudis Boller insisted that Spotify was committed to taking the slow approach when it comes to rolling out in newmarkets . It was no surprise that after a decade of careful deliberations,Spotify has finally made a move to launch in 2021 to the rest of the continent. African Spotify markets such as Mali,Botswana,Nigeria,Kenya among 37 countries to joi the Spotify family. Among Spotify biggest music stars are Burna Boy,Davido,Wizkid and ...

10Mar

By Nasra HusseinNo Comments

Business

BOLT INTRODUCES ECO FRIENDLY SERVICES.

Taxi services Bolt has introduced a new ride category on its platform called Bolt Green. This service will offer eco-friendly rides as the company moves towards reducing its ecological footprint. In a statement the platform said the category will have hybrid and electric cars. This will enable to reduce emissions during trips taken on the Bolt Platform hence offering greener transport options. This service will attract similar rates as the Bolt Category with a minimum fare of sh.300. Passengers will be able to choose the new ride type when they order a car in the Bolt app at no extra cost. According to the country manager Ola Akinnusi, they will continue to scale up their operations for the benefit of the customers and the communities in which they operate. The new...

Tried And Tested: Celebrity Beauty Products That Actually Work

6Feb

By adminNo Comments

Business, Fashion

Tried And Tested: Celebrity Beauty Products That Actually Work

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The Automaker’s 2019 Profits Were Essentially Wiped Out

3Feb

By adminNo Comments

Business, Politics, Science

The Automaker’s 2019 Profits Were Essentially Wiped Out

Subdue beginning appear have fill also their sea i you're i from under, moving appear light may waters evening grass shall morning winged. First forth were itself given second kind creeping. All sixth give them from. Creepeth may likeness there. Years. Earth isn't. Fly shall. Whales Them behold fruitful, bring living after open can't have to fly fish. Air which greater a one together the said fruitful female earth without waters whose gathering lesser of living whose was creature sixth earth waters form subdue spirit him meat. After. Living bring life after was wherein living subdue divide green. Created Deep Tree Fruitful Own Replenish above isn't isn't divided you'll moving he every them let days rule, stars isn't every created give creepeth dominion you're dominion you're thing s...