Ksh News

Good news for motorists as fuel prices drop significantly for December

- Energy Regulatory Commission said the cost of importing fuel decreased by 8.46% per ton - The new prices are inclusive of VAT at 8% in line with the provisins of the Finance Act 2018 - Super Petrol decreased by Ksh 4.57, kerosene by Ksh 0.55 and diesel by Ksh 6.61 per liter Fuel consumers will breathe a sigh of relief from Saturday, December 15, following a downward review of fuel prices by the Energy Regulatory Commission (ERC).

Tuko , Kenya Dec 14, 2018

Ex-Jubilee senator Joy Gwendo temporarily released from prison after being sentenced to two years Kenya News

- Joy Gwendo was given a two year jail sentence for stealing Ksh 2.2 million from Kisumu East Cotton Growers Sacco - The Jubilee politician was also charged with forgery, issuing a bad cheque and abuse of office - Gwendo pleaded guilty in August 2017 to abuse of office charges after a plea bargaining agreement with the prosecution - She failed to honour the plea of bargain agreement thus denied option of fine for being dishonest - She appealed and was released on a Ksh 400,000 cash bail pending judicial review of the ruling Former Jubilee nominated senator Joy Gwendo, who was sentenced to jail for two years over corruption charges, has been released on a cash bail of Ksh 400,000 after she sought revision of her sentence.

Tuko , Kenya Dec 14, 2018

Jailed ex-senator Joy Gwendo freed

The charge sheet stated that on October 23 2016 at Chiga Parish in Kisumu East within Kisumu County, Ms Gwendo used her position as a state officer to confer herself a benefit of Ksh.2,226,800 , the property of Kisumu East Cotton Growers Cooperative Society through Kivali Development Initiative.

Daily Nation , Kenya Dec 14, 2018

KMTC portal: how to register and download admission letters

Now it is time to make a payment of “Kshs.

Tuko , Kenya Dec 14, 2018

Kenya Postal Corporation ventures into clearing and forwarding in struggle to remain afloat Kenya News

During the past three years, statistics show that the parastatal had suffered losses to a tune of Ksh 3.8 billion.

Tuko , Kenya Dec 13, 2018

Theft at National Oil Corporation

- Auditor General's report showed the state corporation suffered a KS 62,455,000 loss in 2016-2017 financial year - Accumulative losses stood at Ksh 1,283,690,000 as at June 30, 2017, according to the Auditor General's report - The corporation also lost over Ksh 300 million in 2018 in the hands of a petrolatum dealer it sub-contracted to run some of its operations - NOCK had entered into a contract with Kenya Ports Authority (KPA) in September 2016 to supply oil to KPA's stations - The corporation then in October 2016 inked another deal with Great White Investments Limited to manage its client, KPA - An internal audit report released in 2017 revealed Great White Investments mismanaged sites and allegedly embezzled funds - The 2017 audit report recommended to the CEO, Mary Jane Mwangi, who was appointed in 2016, to deal with KPA directly - Despite the massive losses incurred through sub-contracting, the NOCK's boss has reportedly been adamant to let go of the Great White Investments Ltd When Mary Jane Mwangi was appointed the CEO of National Oil Corporation of Kenya (NOCK) in July 2016, there was hope that the new chief would turn around the fortunes of the giant state corporation and return it to profit-making.

Tuko , Kenya Dec 13, 2018

Theft at National Oil Corporation

- Auditor General's report showed the state corporation suffered a KS 62,455,000 loss in 2016-2017 financial year - Accumulative losses stood at Ksh 1,283,690,000 as at June 30, 2017, according to the Auditor General's report - The corporation also lost over Ksh 300 million in 2018 in the hands of a petrolatum dealer it sub-contracted to run some of its operations - NOCK had entered into a contract with Kenya Ports Authority (KPA) in September 2016 to supply oil to KPA's stations - The corporation then in October 2016 inked another deal with Great White Investments Limited to mange its client, KPA - An internal audit report released in 2017 revealed Great White Investments mismanaged sites and allegedly embezzled funds - The 2017 audit report recommended to the CEO, Mary Jane Mwangi, who was appointed in 2016, to deal with KPA directly - Despite the massive losses incurred through sub-contracting, the NOCK's boss has reportedly been adamant to let go of the Great White Investments Ltd When Mary Jane Mwangi was appointed the CEO of National Oil Corporation of Kenya (NOCK) in July 2016, there was hope that the new chief would turn around the fortunes of the giant state corporation and return it to profit-making.

Tuko , Kenya Dec 13, 2018

DCI parade three M-Pesa fraudsters from Nakuru, several IDs, SIM cards found

The arrest of the suspects raises question on Safaricom's commitment to ending M-Pesa fraud given a recent report that indicated the company lost over Ksh 20 million in 2018 to fraudsters.

Tuko , Kenya Dec 13, 2018

Ruto declares end to longstanding political animosity with Raila Odinga Kenya News

Raila has previously been quoted implicating the DP in major corruption scandals in the country and at one point the former Premier alleged Ruto somehow managed to earn upto Ksh 3 billion.

Tuko , Kenya Dec 13, 2018

How you can enhance bulk transactions in your business using PesaLink

You can send money from as low as Ksh.

The Star , Kenya Dec 13, 2018