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Market News NSSF puts 25pc equity portfolio in Safaricom Monday, October 14, 2019 21:34 By VICTOR JUMA The National Social Security Fund (NSSF) invested nearly a quarter of its equities portfolio in Safaricom in the year ended June 2018. FILE PHOTO | NMG  The National Social Security Fund (NSSF) invested nearly a quarter of its equities portfolio in Safaricom in the year ended...
Market News Kenyan coffee producer to supply US bhang-laced drinks maker Monday, October 14, 2019 21:35 By JAMES KARIUKI A woman picking ripe coffee beans. FILE PHOTO | NMG  A Kenyan-based coffee producer has signed a trade deal with an American beverages company to supply ground berries for making bhang-laced drinks.The deal between the Fair Trade coffee-registered producer will see New York-listed Puration...
Market News Decline in cane delivery raises sugar imports Monday, October 14, 2019 21:35 By GERALD ANDAE Cane delivery dropped 12 percent in the eight months to August compared to a similar period in 2018, forcing the regulator to scale up imports to bridge local sugar deficit. FILE PHOTO | NMG  Cane delivery dropped 12 percent in the eight months to August compared...
Market News Nyeri injects Sh200m into coffee kitty Monday, October 14, 2019 21:36 By MWANGI MUIRURI A woman picking ripe coffee beans. FILE PHOTO | NMG  Nyeri County has created a Sh200 million coffee rejuvenation kitty to increase annual production to 140 million kilograms by 2022.Governor Mutahi Kahiga said the money would be disbursed in two budgetary phases drawn from the county’s equitable...
Companies Kenya Power sales up 3.2pc in spite of dimming profits Monday, October 14, 2019 21:52 By PATRICK ALUSHULA A Kenya Power substation. FILE PHOTO | NMG  Kenya Power electricity unit sales for the first eight months of the year rose 3.2 percent to 5,910 Gigawatt hours (Gwh), despite the expected decade-low profits from the monopoly.Leading economic indicators from Kenya National Bureau of...
Companies Kenya Airways salary talks with pilots hit turbulence Monday, October 14, 2019 21:52 By BONFACE OTIENO KQ’s outgoing Chief Executive Sebastian Mikosz. FILE PHOTO | NMG  The Kenya Airline Pilots Association (Kalpa) has suspended talks with the Kenya Airways (KQ) management on a collective bargaining agreement after differing on how the airline should address its pilot shortage.General-Secretary Murithi Nyagah in a letter...
Economy Relief for motorists as petrol prices drop by Sh4.76 per litre Monday, October 14, 2019 21:59 By EDWIN OKOTH Diesel slightly dropped by Sh1.08 while kerosene prices increased by Sh0.44 per litre respectively, making the two products retail at Sh101.96 and Sh101.08 respectively. FILE PHOTO | NMG  Motorists will this month enjoy much lower pump prices after the Energy and Petroleum Regulatory...
Economy High bills queries as diesel power hits a 3-year low Monday, October 14, 2019 22:00 By PATRICK ALUSHULA The share of expensive thermal power in the national grid has reduced to 13.4 percent. FILE PHOTO | NMG  The share of expensive thermal power in the national grid has reduced to 13.4 percent, the lowest in three years on increased uptake of green...
Profiles ‘I Strive for Gold or Nothing’ Monday, October 14, 2019 15:51 By JACKSON BIKO Bharat Thakrar. PHOTO | COURTESY  Bharat Thakrar has Feng Shui’d his office. Eight gold fish and one black one twirl in a big aquarium before his desk. It calms and centres him because after all Bharat captains a behemoth ship, WPP-Scangroup, and that comes with its share of...
Design & Interiors A New Flexible Office Space Opens in Karen Monday, October 14, 2019 16:00 By COLLINS OMULO Michael Aldrige CEO Kofisi. FILE PHOTO | NMG   With a fast-changing workplace, companies are opting for offices that offer flexibility in terms of location, size, budget and services. As co-working and serviced offices become a reality, more companies are setting up in Kenya.Kofisi,...

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