Latest Headlines in the Business Daily!

Billionaire Kibunga Kimani takes 6.8pc stake in Centum

Billionaire investor John Kibunga Kimani has bought an additional 10.8 million shares of Centum Investment Company Plc currently worth Sh90.7 million, raising his stake in the firm that remains undervalued in the market. — Read More

Nairobi’s six most sought-after satellite towns post double-digit land price growth

Land prices in 6 towns around Nairobi soared, matching high-yield bonds. Ngong, Thika, Syokimau saw up to 21.4% rise in 2023. — Read More

Bank dollar rates ease as shilling stages rare rally

Kenyan shilling rallies; bank dollar rates ease, max at Sh164.50. Stanbic, Cooperative, Diamond Trust, Equity align. — Read More

CBK in major operation to stop aggressive dollar bids

CBK meets banks to curb high dollar quotes, protect shilling. Kamau Thugge reassures on dollar access, aims to prevent panic bids. — Read More

Power prices may come down, KenGen says citing filled-up dams

KenGen has reported a bigger generation of cheaper hydropower on filled-up dams, promising lower electricity bills for consumers. — Read More

President Ruto’s housing scheme favours the rich, says Parliament Budget Office

Govt housing plan favors high earners, not low-income targets, warns PBO. Law allocates 60% funds to earners up to Sh149k, missing 77% workforce. — Read More

NSE incubator Ibuka struggles to deliver listings five years on

The Nairobi Securities Exchange (NSE) incubator programme, Ibuka has struggled to revive listings on the bourse more than five years since launching in December 2018. — Read More

Kenya to acquire 300 SGR wagons by end of February

Kenya has received fifty new standard gauge railway (SGR) wagons that are aimed at boosting the transport of cargo on the Chinese-built line. — Read More

Insurers slash NSE investments to record lows

Insurers cut NSE stock investments below 2%; IRA data shows 27% drop to Sh19.38bn in Sep 2023 from Sh26.53bn year prior. — Read More

Going beyond an unhappy customer

We all have tales about feeling frustrated as unhappy customers, and the question for me is how to go beyond whining and moaning – and then defecting to another vendor – to offering advice to the offending supplier so they can restore our confidence and fix the issue. Hopefully not just on a one-off basis for us, but systemically. Sometimes the issue has to do with the attitude and behaviour of the people, sometimes it’s a policy problem, and just as frequently it’s a systems one. — Read More

Other Top Stories

1. Intern costs Nema Sh100m case in a tender dispute.
2. SafeBoda to unveil car-hailing services upon Kenya return.
3. Naivas siblings in fresh battle for father’s estate.
4. Shrinking order books hit manufacturers.
5. How can I use my pension to build lasting financial legacy?