Business Archives - Page 5 of 19

Hilton hotel to shut down after 53 years operation

28Apr

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Business

Hilton hotel to shut down after 53 years operation

Iconic city hotel, The Hilton, will close its doors indefinitely in December after operating for over five decades in the heart of Kenya's Central Business District. As a result, it will lay off an unspecified number of workers, underlining the troubles of hotels in the wake of the Covid-19 travel slump and other factors beyond the pandemic. The renowned hotel, which has 40.57 per cent shares owned by the government said on Wednesday it will not quit Kenya and will continue to operate its other brands in the country. “Following extensive discussions with the hotel ownership, Hilton Nairobi will close its doors for the last time on December 31, 2022, and cease operations,” a Hilton spokesperson told the Business Daily in an interview It began operations in Nairobi on Decemb...

LSK wants Safaricom compelled to delete subscribers photos

19Apr

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Business

LSK wants Safaricom compelled to delete subscribers photos

Lobby group has asked the court to compel Safaricom to delete all the subscribers’ photos taken during the current Sim card registration. Katiba Institute and LSK have moved to court challenging the decision by Safaricom to obtain photos or biometric data as a requirement for Sim registration. They termed the move illegal. Through lawyers Dudley Ochiel and Wanjeri Wangui, the lobby groups argue that taking photos of their subscribers is unlawful and against the Kenya Information and Communication (Registration of SIM cards) Regulations 2015, and also section 31 of the Data Protection Act,2019. They argue that on April 10, CA clarified that the Kenya Information and Communications (Registration of SIM-cards) Regulations, 2015 governing registration and verification of subscrib...

Gov’t To Pay A Further Ksh.14 Billion To Oil Marketers

14Apr

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Business

Gov’t To Pay A Further Ksh.14 Billion To Oil Marketers

The government is expected to pay a further Ksh.14 billion to oil marketing companies (OMCs) to cover arrears from the fuel subsidy. Already, the Ministry says it has paid Ksh.34.2 billion of the arrears owed to the fuel retailers over the course of the fuel shortage crisis in the country. "We are in receipt of the full outstanding balance that is payable to the OMCs. As of yesterday (Wednesday) we had dispatched upwards of Ksh.34.6 billion since the program started last year and will continue with these disbursements once done with the administrative procedures," stated Acting Petroleum and Mining Cabinet Secretary Monica Juma. According to Petroleum Principal Secretary Andrew Kamau, the payments are expected to be booked later on Thursday or Tuesday next week. "EPRA will...

Gov’t Promises To Stabilise Fuel Supply Within 3 Days

14Apr

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Business

Gov’t Promises To Stabilise Fuel Supply Within 3 Days

Normal fuel supply across the country will be stabilised within the next 72 hours as the government moves to address the artificial fuel shortage that has hit Kenya. Energy Cabinet Secretary Monica Juma insisted that the current fuel crisis is artificial created by Oil Marketing Companies (OMCs) who complained that the government was yet to pay billions of shillings in fuel subsidy. She also said the crisis was further exacerbated by the oil companies hoarding stock with the hope of a spike in fuel prices set to be announced today by the Energy and Petroleum Regulatory Authority (EPRA). Saying that anyone behind the crisis will be punished to the full extent of the law, Juma said that the government has moved to try and place country back on the path of normalcy. “I h...

6Apr

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Business

Government Warns Perpetrators of Political Violence

Voter bribery and mobilization of rented crowds are the main challenges the National Police Service (NPS) is facing in the build-up to the August 9 General election. The government has now warned that there will be no sacred cows in the crackdown on perpetrators of political violence. This is according to Interior Cabinet Secretary Dr. Fred Matiangí who spoke when he appeared before the National Assembly Departmental Committee on Administration and National Security at Parliament buildings on Tuesday. With just 125 days to the general election, the security apparatus in the country is on high alert over two key election malpractices that might trigger political violence during and after the polls. “The greatest danger and challenges we face as a country during this elector...

6Apr

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Business

Diamond Marries in Secret Ceremony

Diamond Platnumz allegedly walked down the aisle a few days ago. The news was broken on his Wasafi TV by presenter Diva. She said Diamond wed at a private occasion, and that a government official also contacted her about the same. In a phone interview with Juma Lokole, who is also Diamond's close friend, Juma said Diamond's wife is from Zanzibar. Singer Diamond PlatnumzImage: COURTESY Diamond Platnumz allegedly walked down the aisle a few days ago. The news was broken on his Wasafi TV by presenter Diva. She said Diamond wed at a private occasion, and that a government official also contacted her about the same. In a phone interview with Juma Lokole, who is also Diamond's close friend, Juma said Diamond's wife is from Zanzibar. He added that Diamond's mum is v...

Will Smith Smacks Chris Rock at the Oscars

28Mar

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Business, Entertainment

Will Smith Smacks Chris Rock at the Oscars

In a truly shocking moment, Will Smith just smacked Chris Rock in the face after the comedian made a joke about jada pinkett at The Oscars. Chris was up on stage Sunday presenting for Best Documentary, but before he started naming the nominees ... he was firing off zingers to the crowd, and eventually landed on Will and Jada Pinkett Smith. Chris made a comment about Jada's shaved head ... saying he couldn't wait to see 'G.I. Jane 2' -- which got some groans from the crowd, to which he just sorta shrugged off. Chris didn't think he'd crossed a line, but Will clearly did ... because he stormed the stage and literally socked the dude in the face. A stunned Rock exclaimed, "Wow. Will Smith just smacked the s*** outta me." The American broadcast on ABC mute...

NTSA Launches Probe On Issuance Of Fake Driving Licenses

23Mar

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Business

NTSA Launches Probe On Issuance Of Fake Driving Licenses

The National Transport and Safety Authority (NTSA) has initiated a probe on the issuance of fake driving licenses following a recent exposé by British Broadcasting Corporation (BBC). The Monday investigative report dubbed ‘Kenya’s killer road’ revealed how some driving schools colluded with the authority’s officers to hand licenses to uncertified drivers and how vehicle owners received inspection certificates despite having unroadworthy vehicles. In a statement on Tuesday, the Authority through Vehicle Inspection Director Gerald Wangai, said it was well aware of the report and investigations into the case are underway. Wangai further noted that the authority was committed to ensuring inspection systems are automated in a bid to make them more efficient and tamper-proof. NT...

Bolt Increases Fare in New Revised Charges

21Mar

By Nasra HusseinNo Comments

Business

Bolt Increases Fare in New Revised Charges

Digital hailing cab, Bolt customers will have to dig deeper into their pockets to access the taxi services. This comes after the company increased their fare rates by at least 4 per cent. In a statement on Monday, the company said the increase was necessitated by the recent increase in fuel prices. The changes will be implemented in Nairobi as the company works to review fares across other towns. Bolt Eastern Africa Regional manager Kenneth Micah said the review will cushion their drivers against the increased furl prices. "We truly believe that happy drivers provide better quality service for customers. As such, we've been doing extensive reviews to ensure that we continue to provide the best earnings for drivers on our platform and remain the most affordable and prefe...

KRC Commences constructions of stations in Nairobi Estates

16Mar

By Nasra HusseinNo Comments

Business

KRC Commences constructions of stations in Nairobi Estates

Kenya Railway Corporations has commenced on new stations in estates in Nairobi. The new project is being developed within the existing railway corridors to enhance commuter rail services to Nairobi Railway Station. Some of Nairobi estates set to benefit from the new project include Kibera, Mukuru Kwa Njenga, Mutindwa, Satellite, Kenyatta University, and other satellite areas in Lukenya and Konza in Machakos County. Other areas set to benefit from the new project by Kenya Railways Corporation include Dagoretti Market, Thogoto, Aviation, Gitaru, Kariobangi South, Mutuini, Membley and Madaraka around the Strathmore area. At the moment, KRC has trains plying Nairobi- Imara Daima-Syokimau route, Githurai-Mwiki – Kahawa – Ruiru route, Nairobi-Embakasi route, and Nairobi – Kibera...