Nearly 1,000 Telkom Kenya retirees on Thursday won an injunction stopping the company or any of its assets from being sold until it pays them Sh3.2 billion in severance benefits. Justice Njagi Marete barred the company from entering into sale agreements with a third party regarding the properties until it settles the award granted by the Court of Appeal nearly three years ago to the 997 former workers. @business daily

 

 

Eveready Kenya is set to venture into sale of car batteries to reverse a plunge in fortunes caused by low demand for dry cells and competition from cheap Chinese imports. Sales of the Nairobi Securities Exchange-listed US multinational have dropped by a third since the company went public through an IPO about seven years ago. @business daily

 

Siaya County has signed a deal with Philips East African Company that will light up Ugunja town and its environs with solar-powered street lights. Governor Cornel Rasanga said lighting of Ambira, Got Osimbo and Rang’ala towns would start in May @business daily

 

KCB Group has filed yet another multi-million- shilling claim against stock brokerage firm Suntra over the botched purchase of Safaricom shares during the telecommunication company’s IPO in 2008. @business daily

 

The Qatari Government is considering financing the construction of a 175-kilometre road in North Eastern Kenya running between the towns of Isiolo and Modogashe at a cost of Sh129 billion. The Qatar finance ministry earlier this week said it was exploring the possibility of funding the construction of Isiolo-Garbatula-Modogashe road to the tune of $150 million (Sh12.9 billion). @standard

 

Major global oil and gas companies are among over 75 companies that have confirmed their attendance in an oil and gas conference set for next week in Nairobi. More than 15 countries and 76 oil and gas companies will pitch tents in the country to scout for new business and investment opportunities.@standard

Leave a Reply