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Daily Nation | Smart_Company


Cane growers grope in the dark on sale of millers


Sugarcane farmers are groping in the dark over what the future looks like amid raging war of words on privatisation of State owned mills.

We can bear debt load, says Treasury


Rating agency cuts Kenya’s credit score on piling loan obligations.

Kenyan lenders take front seat in green growth


Global pre-occupation with climate change is a rather recent phenomenon especially in developing countries.

Beijing takes up Nairobi’s foreign debt spend


Asian giant has increased funding to many local projects.

Markets harvest more from cess than sources, says new study


Cess collection, which accounts for about two per cent of the county’s revenue, benefits destination markets more than the source county.

Is writing on the wall for high-end houses?


Developers of property targeting top end market at crossroads

Terrorism is bleeding Lamu tourism to death say, firms


String of attacks targeting both civilians and security forces scares visitors.

Pain for Chase Bank depositors gets even worse 


Citing exchange rate to US dollar, players say there is need to cover Sh1 million.

Kirinyaga eyes increased coffee cash in processing


Sub-sector has been through many a rough patch despite numerous revival efforts.

Tourism bets on direct US flights to lift the numbers


All eyes on the American access status and who stands to reap the most.

Kenyan coffee ranks among the world’s top beans


Three Kenyan factories have been ranked among the world’s best specialty coffee producers for 2017.

Reporting norm promises to change insurance


System promises to open up to scrutiny the various products on offer.

Allow us to self-regulate, say matatus


Matatu owners say the night bus ban is hurting the economy and called for involvement of all stakeholders in seeking a lasting solution to the runway road accidents.

Can Mumias CEO pull ailing miller out of the ward?


Can sugar expert Nashon Aseka bring back sweetness to sugarcane farmers’ lives and pull Mumias out of the red?

Tourism numbers take a hike in Mt Kenya region


Numbers in the tourism sector in Mt Kenya region are telling a promising story even as an expanded menu promises more mouthwatering activities.

Japan used car imports defy political roar to surge


The political uncertainty that characterised this year’s General Election failed to apply brakes on used car imports from Japan.

Arbitration could unlock billions into the economy


Shorter process saves those involved both time and resources in filing suits.

Firm bets on blender to grow tea earnings


Competition among those blending beverage heightens.

Kiambu sees more money for milk in value-addition


Government to partner with small dairy societies in an ambitious programme.

The way forward for agriculture in Africa


There is need for cooperation between breeders to come up with right materials.

Youth turn cane waste into big cash spinner


Group opts to utilise what most companies throw out after extraction.

Lenders go mobile in fight for small borrowers


The scramble for low income earners is peaking with all players from banks, fintechs and saccos now shifting the war to mobile phone platforms.

Banks at crossroads as landscape changes fast


Enactment of an interest rate controlling regime takes toll.

Wheat disease that gives experts food for thought


Scientists warn that stem rust could hamper food security efforts.

Open borders will do more good than harm, say experts


President Uhuru Kenyatta’s directive to open up Kenyan borders for East Africans will have a more positive than negative impact.

Ambitious plan to rev up manufacturing


Industries want the government to ensure laws and regulations are sound and predictable.

Online sales gather steam as firms look to cut costs


Jumia says rising number of large and medium-sized firms are embracing digital distribution channels.

Strategies to revive tourism bearing fruit, says Balala


Tourism cabinet secretary Najib Balala said the country is beginning to reap the fruits of aggressive efforts to boost the sector.

How MCAs are derailing devolution


Audit reports link MCAs to wastage of funds.

Kenyan banks give Iran wide berth


Despite lifting of sanctions against Middle East country tea exporters are finding it hard to receive debt owed by buyers due to lack of accounts to facilitate cash wiring.

Africa’s e-health start-ups rise, but not all are mobile-first based


ICT use in healthcare provision in Africa is not actually mobile-first despite the number of e-health start-ups accelerating, a new report released last week shows.

‘Mathenge slayer’ yet to roar into life


Machines that were to generate power from the obnoxious tree remain silent three years down the line

Digital financial products re-define service delivery


The market is expecting more exciting products to hit the market soon

Governors want bloom back into pyrethrum crop


Renewed interest comes as firms line up to get nod to set up plants in Kenya

NTSA names major killers on roads


Private cars and commercial vehicles cause the death of 1,550 people according to statistics from state agency

Uphill task in CBK bid to review law on interest rates


Analysts and consumer groups warn that move may return Kenya to the high charges regime

Stung by drought, farmers invest more in animal feed


Dairy farmers in the North Rift are increasing the acreage under animal fodder to cushion them against perennial feed shortages.

World ploughing contest returns to Kenyan soil


At least 20 countries have confirmed participation in the 64th World Ploughing Contest (WPC).

Farmers reap big from digital marketing portal


Growers assured of ready outlets even before harvesting.

War on cybercrime goes beyond creating awareness


The risk posed by cybercrime is rising by the day with company boards now placing it high on their agendas.

Blockchain roots deepen in Kenya


A number of sectors are turning to the technology that allows them to kill several birds with a single shot.

KRA fires warning shot at iTax non-compliant company board directors


Authority says board members will be held responsible and their PINs suspended if firms fail to file their returns

Food crisis to worsen as maize crop withers


More than 40,000 acres of maize crop in Uasin Gishu County are drying up.

Skills gap clouds industrial vision


Industries are forced to retrain graduates to meet demands of the job market

Will SGR deliver on cost-cutting goal?


KRC has indicated that they are still doing the math on final costs, with managing director Atanas Maina saying they are working on the tariff book that will inform the final rates to be charged on cargo.

Kerio families to wait longer for land pay


There was no clear timeframe on when the 500 families displaced in Kerio Valley, Elgeyo Marakwet County more than 40 years ago to pave the way for the firm’s mining activities will be paid.

State targets smartphones assembly after school laptops


Information Communication Technology authority acting chief executive Robert Mugo on Wednesday said they are keen to position the country as the major regional ICT hub.

New KCC bets on upgrade to tame volatile milk prices


The firm says the plan, which has seen it purchase and install new in its facilities spread across the country, will enable it to absorb an additional 400,000 litres of milk.

How much do you know about VAT as a taxpayer?


It is important to note that Value Added Tax, or VAT, is tax charged on purchase of taxable goods and taxable services both local and imported.

Investors jostle for a bite of Nakuru hotel industry


Nakuru town is increasingly catching the eye of hospitality investors who are pouring billions into the sector.

Why cross-border payments are next innovation frontier


Market analysts have predicted that cross-border payments are the next frontier where innovative technologies will challenge the existing expensive, clunky business models.

Bad weather hurts coffee production


Coffee farmers in central Kenya are staring at reduced earnings compared to last season courtesy of extreme weather that has drastically cut harvests.

Small enterprises bet big on regional integration


Enhancing integration of East African economies is one of the main ways to enable young entrepreneurs to scale up their enterprises.

Missing links in Kenya’s economic growth


Kenya has all the ingredients to continue being the hub of commerce in East Africa, but only if it takes serious steps to promote the growth of the pillars that have sustained it at the top.

Failure to pass fire and rescue laws exposing property owners to losses - report


Kenya has never legislated nor implemented specific policies on fire and rescue services.

Brookside training to boost milk supply


The industry has been largely dependent on rainfall

Why being a company director may no longer be rosy


The proposed law takes transparency to a new height that may prove highly intrusive into personal details of directors.

Seaweed farming uplifts Coast group’s fortunes


Seaweed can be used to make soap, shampoo, jam, toothpaste as well as juice.

Saccos emerge big winners in era of rate capping


Saccos are turning out to be the biggest beneficiaries of the wait-and-see attitude adopted by banks even as the effects of interest rate capping on commercial lenders sinks in.

KCC to retain farmer returns despite cut in retail price


State-owned milk processor New KCC will not increase producer prices even after offering a Sh10 relief to the consumer last week.

Digital payments helping reduce poverty among small farmers, shows study


A new case study by the United Nations (UN) shows that digitisation of agricultural input payments is helping in tackling poverty among small-scale farmers in Kenya.

Cyber safety threat lies in third parties


These third-parties are essential to the smooth-running of your business, but they may prove the weak link in the chain mail with which you’ve girded your cyber resources.

Certification unlocks EU avocado market


The certification has brought in 294 farmers into the avocado exporting bracket increasing avocado exports by 35 per cent.

Insurers seek generic drugs rules to cut medical cover costs


Association of Kenya Insurers is calling for a legal framework to ensure doctors do not prescribe brand names.

Silver lining in debt crisis


Financial markets were rattled when the CBK took control of Chase Bank after it failed to meet its obligations.

KPC board members’ pay triples on record meetings


KPC chairman John Ngumi attributed the rise in board expenses to the record 86 board meetings held in the year under review

Insurance technology start-ups promising more customer value


New digital technologies and business approaches are starting to change the nature of insurance delivery, especially through micro insurance.

Chinese firms dial up phone market rivalry


Oppo launched the F3, banking on the selfie camera as the selling point for the mid-range device.

Banks raise forex stocks to Sh240bn in hedging move


Banks had brought down their holdings towards the end of 2016 to $2.02 billion, in line with a steady shilling that had remained flat through the year.

M-Akiba seen as a solution to savings culture challenge


The government will next month be seeking nearly Sh5 billion from Kenyans through M-Akiba after the success of the initial issue of the mobile phone based bond system.

Insurers now target schools’ billions to shore up revenue


Faced with thinning profit margins amid heightened regulation, insurers are now vying for new revenue streams away from non-traditional segments.

Konza tech city chief says project on course


Implementation of the over Sh1.48 trillion Konza Technopolis, which is a Vision 2030 flagship project, is on course, the management says.

Key hurdles still stand in the way of business in East Africa


Regional lobby says slow pace of opening up the borders exposes local traders to cutthroat competition from importers

Plan to unlock potential of stock market


Kenya’s capital market has registered impressive growth in virtually all parameters, which has exposed several challenges that limit its future growth.

New KCC in Sh1bn upgrade as it eyes markets abroad


Milk processor has set its sights on South Africa, DRC and the Middle East countries

Tough balancing act for the new revenue team


Across section of experts say the Commission on Revenue Allocation is faced with unenviable task of coming with with a fair means of sharing out national resources.

Cane growing is now a bitter toil with little gain


Farmers say the biggest setback is the lack of affordable credit to buy crucial inputs in order to increase production

Dry spell to cut rice yield by half


Irrigation board says production will drop from 150,000 tonnes annually to 70,000

HF rolls out plan to finance cashless landowners


Owners would get funding through disposal of their properties or partnership with the group.

Trump hands lifeline to Kenya’s US exports


New US President dropped plan to endorse trans-pacific trade deal that would have seen local goods exposed to searing competition.