Author: David Indeje

Kenya Union of Journalists (KUJ)  on Wednesday sharply criticized a directive from the ministry of education on access to public schools by journalists. The union called the directive as “regrettable”. On Tuesday,  Chief Administrative Secretary (CAS) for Education Zack Kinuthia said journalists will only be allowed in schools with permission from the Ministry of Education. In its statement, Mr Eric Oduor, KUJ Secretary-General said that the directive was prompted by the expose by various media houses on the dire and pitiful state of public schools as children resume learning amidst the ravaging pandemic of COVID-19. The Union called upon the…

Employment in the Kenyan private sector increased for the third consecutive month in December but remained low compared to October, according to Stanbic Bank Kenya Purchasing Managers’ Index (PMI). The index noted that firms that hired more workers generally linked this to rising workloads. “Stronger sales led to a renewed increase in backlogs of work at the end of the year, which supported a third successive monthly rise in employment. The rate of job creation was marginal though,” reads part of the index released Wednesday. The index noted that Kenya’s private sector strengthened slightly at the end of 2020 with…

Realty developer Cytonn Real Estate has decided to sell a 4-acre land parcel in Kilimani. Cytonn had planned to construct a KSh20 billion (US$199 million) Mixed-Use Development dubbed Cytonn Towers, however, Nairobi City County’s (NCC) 2018 resolution that cancelled its construction. “Cytonn Real Estate has been retained to dispose of prime property in Kilimani; a 4-acre corner plot with access to Argwings Kodhek and Elegeyo Marakwet Roads on two sides,” it said in a notice via its social feeds. The realtor says the property ‘remains one of the largest corner plot parcels in Kilimani today.” https://twitter.com/ehdande/status/1346691551251099653?s=20 Cytonn Towers was designed…

Carbacid Investments plc, leading producer and supplier of industrial Carbon Dioxide gas in East Africa, said it will seek shareholder approval to acquire all 19,525,446 shares in listed manufacturer BOC Kenya. This is at a cost of KSh 1.24 Billion, equivalent to KSh 63.50 per share. In a statement to shareholders, the firm says the ordinary resolution of its intention to acquire 100% of BOC Kenya Plc shares together with Aksaya Investments LLP, “…be approved and ratified and the directors of the company b authorised to perform the company’s obligations in relation to completing the offer.” BOC Kenya is a…

International Air Transport Association (IATA) on Tuesday said it has suspended Fly540 for breaching its Billing and Settlement Plan (BSP) rules under Resolution 850. Under Resolution 850, IATA can order the suspension of an airline’s ticket sales when it owes payments via the BSP, when it ceases all scheduled passenger operations, or when it enters a bankruptcy process. The BSP is an electronic system operated by IATA that allows accredited travel agents to book tickets and manage the payments for airlines that have registered with the system. “IATA has suspended Fly540 with immediate effect, in accordance with the provisions in…

Kenya Tea Development Agency (KTDA) says with the coming into force of the minimum tax at a rate of 1 per cent of their turnover, they will have to part with an estimated Ksh 754 million annually. Alfred Njagi, KTDA Management Services Managing Director says it will have a great impact on the smallholder tea farmers reversing objectives of the newly amended Tea Act 2018. According to KTDA, the KSh754 million is up by KSh20 million the dividend it declared to its shareholders based on the 2019/2020 Financial Year. “The implication of this to KTDA-managed tea factories, using the last…