Top Business Daily Headlines!
Good morning, here are today's top stories from Business Daily.
Parastatal reforms split PSC, State House teams
The Public Service Commission (PSC) has clashed with the Executive Office of the President over new guidelines on managing parastatals, highlighting a power struggle over these State-owned entities. — Read More
Uber, Bolt warn of Kenya exit on Treasury tax plan
Bolt and Uber have warned they may close their Kenya operations due to unsustainable costs if Parliament approves a 6% Significant Economic Presence Tax on gross turnover for non-resident firms. — Read More
Rural folk are getting rich faster than city residents
Kenyans living in rural areas are getting richer much faster than millions of their counterparts who have migrated to cities, in a trend that is redefining wealth creation in the country. — Read More
Unga Group parts ways with MD Joseph Choge, picks insider
Unga Group has parted ways with managing director Joseph Choge after just two and a half years, appointing an insider as acting head amid efforts to return to profitability. — Read More
China Square leases Uchumi Hyper store
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Chinese retailer China Square has leased a branch owned by Uchumi Supermarkets on Nairobi’s Langata Road, investing Sh600 million to expand in Kenya. It also operates stores in Kenyatta University’s Unicity Mall and The Waterfront Mall in Karen. The rebranded store, formerly Uchumi Hyper, aims to open on June 15. — Read More
Narok bans private cars from world-famous Maasai Mara
Kenyans will now be forced to hire vehicles for game drives into the world-famous Maasai Mara National Reserve after Narok County banned entry of private cars. — Read More
Etihad Airways return to Nairobi put on ice
Etihad Airways has put on ice plans to re-introduce passenger flights on the Abu Dhabi-Nairobi route, the second delay since announcing the scheduled resumption. — Read More
In the Opinion & Analysis
Affected by the recent sharp rise in land prices in Ruiru, Kiambu, some owners sought my advice. One case saw land rates jump from Sh10,000 to Sh170,000. Many other proprietors in the county likely share this concern. — Read More
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