Business - Nomad Press

23 Nov

Unity in Democracy: Hazina Sacco Holds Landmark Annual Election

Radio Huru0 CommentsBusiness, Uncategorized

Hazina Sacco today marked a significant milestone by holding its Annual General Elections for Nairobi branch officials. With participation from 78 units, a total of 133 delegates were elected, each representing 60 Sacco members, underscoring the cooperative’s commitment to inclusivity and democracy. Speaking after the successful election, the Lang’ata Sub-County Cooperative Officer Mr. Hillary Musina commended Hazina Sacco for conducting a transparent and professional process. “Hazina Sacco has set an example of integrity and professionalism that I urge other cooperatives to follow,” he remarked. Dr. Dickson Okungu, the Sacco’s CEO, expressed gratitude for the impressive turnout. “The overwhelming participation is…

25 Oct

High Court blocks Sh95.68bn Adani power deal

Radio Huru0 CommentsBusinessHigh Court blocks Sh95.68bn Adani power deal

A court in Nairobi has issued conservatory orders barring the government from implementing any of the deals agreed between Kenya Electricity Transmission Company Limited (KETRACO) and Adani. Adani had entered into a Ksh96 billion deal with KETRACO that would see the Indian conglomerate operate four electricity transmission lines and two substations in Kenya for 30 years before handing them back to Kenya. "Pending the inter parties hearing and determination of the Application dated 23/10/2024 a conservatory order be and is hereby issued suspending the implementation of any project agreed", the order by judge Nahati Mwamuye partly read. "That any project between…

18 Oct

Senator Tabitha Karanja Clarifies Remarks On Rigathi Gachagua’s Impeachment

Radio Huru0 CommentsBusinessSenator Tabitha Karanja Clarifies Remarks On Rigathi Gachagua's Impeachment

Nakuru County Senator Tabitha Karanja has issued a statement to clarify her remarks made during the recent impeachment motion against ex-Deputy President Rigathi Gachagua. In her address on the Senate floor, Karanja's comments were interpreted by some as a call to revert to the dictatorial regime of former President Daniel Moi, a characterization she vehemently denies. "I wish to correct the insinuations of the statement which I made on the floor of the Senate yesterday during the impeachment motion and which has now been misinterpreted intentionally by my detractors for the purposes of tarnishing my intentions and meaning," she…

18 Oct

Former Tharaka Nithi Woman Rep Beatrice Nkatha passes away.

Radio Huru0 CommentsBusinessFormer Tharaka Nithi Woman Rep Beatrice Nkatha passes away.

Former Tharaka Nithi Woman Representative Beatrice Nkatha passed away on Thursday, October 17. Nkatha is reported to have passed at Kiirua Mission Hospital in Meru where she had been admitted following a long illness. Her family has yet to make any official communication. Taking to social media to mourn the ambitious Mount Kenya East Politician, the Kenya Women Parliamentary Association (KEWOPA) hailed her as a visionary leader and a dedicated servant of the people. “It is with deep sorrow and profound sadness that we join in mourning the passing of former Tharaka Nithi Woman Representative, Beatrice Nkatha, a visionary leader…

18 Oct

President Ruto Nominates Kithure Kindiki To Replace Rigathi Gachagua As Deputy President

Citizen News0 CommentsBusiness, Newsdeputy president, Kithure Kindiki

President William Ruto has nominated Prof. Kithure Kindiki to replace former Deputy President Rigathi Gachagua, who was impeached by Parliament. The announcement was made on Friday morning by Speaker Moses Wetangula in a communication to the National Assembly. "Pursuant to the provisions of Standing Order 42(1), I wish to report to the House that today morning I have received a message from the President regarding the nomination of Kithure Kindiki to fill the vacancy which has occurred in the Office of the Deputy President of the Republic of Kenya following the impeachment of the previous office holder," stated Wetangula. Prof.…

04 Oct

Mogo Fined Ksh.10.9M For Misleading Loan Practices

citizen0 CommentsBusinessMogo Fined Ksh.10.9M For Misleading Loan Practices

The Competition Authority of Kenya (CAK) has ordered asset financier Mogo to pay a penalty of Ksh.10.9 million for engaging in false and misleading representation and engaging in unconscionable conduct against its customers. Investigations into Mogo's practices were initiated following complaints submitted to the Authority by four customers between May 6, 2023, and April 11, 2024. The company, which specializes in car financing and logbook loans, has also been ordered to refund three loan customers a total of Ksh.344,939. This amount reflects the excess charges they incurred during repayment, as well as discrepancies in the dollar exchange rate applied at…

25 Sep

2024 West Pokot ASK Show And Trade Fair Showcases New Farming Techniques

KNA0 CommentsBusiness2024 West Pokot ASK Show And Trade Fair Showcases New Farming Techniques

West Pokot County has held a three-day Agricultural and Trade Fair Show aimed at promoting climate smart agriculture towards improving food security and the county’s sustainable economic growth. The county is continuously hosting agricultural shows because they provide a platform for knowledge exchange, innovation and technology ideas. The event provides an opportunity for farmers to learn about the latest new advancements in climate smart practices and digital farming techniques. Speaking during the just concluded agricultural show held in Kishaunet, Governor Simon Kachapin said they have a responsibility as a county to sponsor the shows every year since there is no other…

16 Sep

KISM Urges Compliance with Licensing Law for Supply Chain Practitioners

Reporter0 CommentsBusinessKenneth Matiba, Kenya Institute of Supplies Management (KISM), KISM Chief Executive Officer Kenneth Matiba

The Kenya Institute of Supplies Management (KISM) has called on supply chain management practitioners to comply with the Supplies Practitioners Management Act of 2007, emphasizing the need for proper licensing to promote professionalism in the field. Speaking at a press briefing, KISM CEO Kenneth Matiba praised the cooperation of the Competition Authority of Kenya (CAK) and the Kenya National Library Service (KNLS) in facilitating compliance checks and ensuring practitioners are properly licensed. Matiba revealed that recent compliance checks at five public institutions uncovered several instances of unlicensed practice. Among those found non-compliant were 12 officers at the Technical University of…

16 Sep

ICT Sector Working Group Presents Reform Recommendations to CS Dr. Margaret Ndung’u

Reporter0 CommentsBusiness, NewsICT, Sector Working Group

The Cabinet Secretary for Information, Communications, and the Digital Economy, Dr. Margaret Ndung’u, has received a comprehensive report from the ICT Sector Working Group (SWG) recommending reforms in the country's ICT policies, laws, and operational structures. The report was presented during a ceremony at the Kenya School of Government (KSG). The SWG, which was established in September 2023, conducted an extensive review of the current ICT sector, collecting data and engaging various stakeholders. The report offers recommendations across ten key themes, including digital infrastructure, cybersecurity, emerging technologies, and media broadcasting, aiming to foster growth in Kenya's digital economy over the…

14 Sep

Kagwe Tea Farmers End Boycott After Earnings Increase

Reporter0 CommentsBusinessTea

Farmers at Kagwe Tea Factory in Lari and Gatundu South, Kiambu County, have called off their three-day tea plucking boycott after their earnings were increased from Ksh 44.25 to Ksh 50.92 per kilogram. The farmers had protested a low bonus payout announced by the Kenya Tea Development Agency (KTDA), accusing factory management of failing to honor their promise of higher payments despite increased production. The protest was resolved after KTDA Zone 1 Board Director Gabriel Kagombe assured farmers that plans were underway to sell 300,000 kilos of unsold orthodox tea, improving their pay. The farmers welcomed the increase and vowed…