Browsing All Posts published on »July, 2013«

Opinion: County governments fleecing businesses

July 29, 2013

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 Businesses bleed from County Woes and Double Charges. By Betty Maina   The ugly side of devolution is beginning to rear its head. In an unprecedented move tantamount to creating illegal trade barriers, over 10 Counties have introduced illegal fees and charges without consultation in a manner that will surely kill industry in Kenya. Machakos […]

Cost of banking to go up as banks implement a 10% tax charge

July 12, 2013

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The cost of banking in Kenya has largely remained an area less understood. This I believe has been occasioned with the casual manner in which most of us deal with banks. More often than not, it is a case of transaction in and out. What can be summed up as A deposit-withdrawal arrangement. Not most […]

Long serving Kenol Kobi head Jacob Segman retires…

July 3, 2013

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Jacob Israel Segman, the long serving group managing director of oil marketing firm Kenol Kobil has retired. Segman, the company says joined the firm in January 1990, starting as a Marketing Coordinator in charge of Operations and Marketing and rose to the MD position in 1997. He will be replaced by David Ohana who is currently […]

Old Mutual seeking a piece of Faulu DTM

July 3, 2013

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   Old Mutual is on its way to become a deposit taking agency in a new arrangement that will see it acquire a controlling stake of Faulu DTM. The acquisition though still at its initial stages will be an interesting watch in Kenya’s financial services sector. according to information on the deal, the two firms […]

New PR outfit comes to town.

July 2, 2013

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A new PR outfit is set to be unveiled tomorrow July 3rd, in what is a testimony of a growing industry. According to a brief sent to the media, Engage Burson-Marsteller Kenya will be an anchor of the global firm Burson-Marsteller is a subsidiary of WPP in penetrating the East African Region.  Interestingly, the new outfit will […]