Car Makers Sign Deal to Produce Electric Commercial Vehicles

[ad_1] Mumbai/Tel Aviv Mahindra & Mahindra, part of $19.4 billion Mahindra Group, and REE Automotive on 26th August 2020 signed a memorandum of understanding (MOU) to explore the development and manufacturing of electric commercial vehicles for global markets. Such a strategic collaboration will leverage REE’s revolutionary electric vehicle corner module and platform technology of integrating… Continue reading Car Makers Sign Deal to Produce Electric Commercial Vehicles

Kenya, Tanzania row escalates over new quarantine list

[ad_1] Economy Kenya, Tanzania row escalates over new quarantine list Thursday, August 27, 2020 6:30 By GERALD ANDAE The decision has angered Tanzanian authorities who retaliated by blocking AirKenya Express, Fly540 and Safarilink Aviation from flying to the country. FILE PHOTO | NMG  Tanzania has banned three more Kenyan airlines from its market as a… Continue reading Kenya, Tanzania row escalates over new quarantine list

Digital Transformation Key For Manufacturers to Survive COVID-19

[ad_1] Kenyan manufacturers have been urged to embrace and adopt emerging technologies during this COVID- 19 Pandemic era that will allow them to remain in business and sustainable for the future. SYSPRO Africa Head of Solutions Engineering Deirdre Fryer says, a research conducted last year (2019) on the state of manufacturing in Kenya by SYSPRO and… Continue reading Digital Transformation Key For Manufacturers to Survive COVID-19

Court releases Sh30 million Porsche to fake gold suspect

[ad_1] Economy Court releases Sh30 million Porsche to fake gold suspect Thursday, August 27, 2020 6:00 By SAM KIPLAGAT Suspected fake gold trader Jared Otieno. FILE PHOTO | NMG  The High Court has released a Sh30 million Porsche Panamera to a suspected fake gold trader, Jared Otieno, after the State lost the bid to attach… Continue reading Court releases Sh30 million Porsche to fake gold suspect

Ngiritas forfeit Sh95m NYS loot to State

[ad_1] Economy Ngiritas forfeit Sh95m NYS loot to State Thursday, August 27, 2020 3:57 By SAM KIPLAGAT Phyllis Ngirita at Milimani Courts Nairobi. FILE PHOTO | NMG  The government Wednesday recovered properties worth about Sh95 million from the Ngirita family, after the High Court ruled that they were proceeds of crime. High Court judge Mumbi… Continue reading Ngiritas forfeit Sh95m NYS loot to State

Employers suspend Sh2.1bn pension contribution on virus

[ad_1] Capital Markets Employers suspend Sh2.1bn pension contribution on virus Thursday, August 27, 2020 2:30 By ELIZABETH KIVUVA RBA chief executive Nzomo Mutuku. FILE PHOTO | NMG  Employers have suspended a total of Sh2.1 billion in contributions to pension schemes since March as companies took advantage of the Retirement Benefits Authority (RBA) authorised payment holiday… Continue reading Employers suspend Sh2.1bn pension contribution on virus

Farmers to get Sh117m insurance payout for crop failure

[ad_1] Capital Markets Farmers to get Sh117m insurance payout for crop failure Thursday, August 27, 2020 2:30 By JAMES KARIUKI Agriculture cabinet secretary Peter Munya with Apollo Investments chief executive Ashok Shah. PHOTO | DIANA NGILA | NMG  Six underwriters partnering with the government in a crop insurance scheme Wednesday released Sh117.5 million in compensation… Continue reading Farmers to get Sh117m insurance payout for crop failure

Obados surrender to EACC, face Sh70m graft charges today

[ad_1] Economy Obados surrender to EACC, face Sh70m graft charges today Thursday, August 27, 2020 1:59 By RUTH MBULA Migori Governor Okoth Obado leaves EACC offices in Kisii. PHOTO | RUTH MBULA | NMG  Migori Governor Okoth Obado and his four children surrendered to the Ethics and Anti-Corruption Commission (EACC) officers in Kisii to stave… Continue reading Obados surrender to EACC, face Sh70m graft charges today