The orchid collectors: Former executives turn gardening into new hobby

This past weekend, orchid collectors and enthusiasts gathered for the much-anticipated Annual Orchid Show at the Sarit Centre.

This year’s blooms were nothing short of lush, vibrant, and bursting with colour. Shades of purple, yellow, white, and green transformed the exhibition hall into a miniature jungle.

Deal on stolen data of 11.5m Safaricom subscribers flops

Safaricom has failed to settle a suit in which it sought to block the sale or transfer of stolen personal data belonging to 11.5 million subscribers.

Two former managers at Safaricom allegedly accessed and shared data, including customer names, phone numbers, birth dates, subscribers’ location, gambling records, passport and ID numbers with a businessman, Benedict Kabugi, for sale to a top sports betting firm.

10 NSE-listed firms fail to issue investor calendars

Ten Nairobi Securities Exchange (NSE) listed firms have failed to submit their corporate event calendars, contravening the rules that were introduced to enhance transparency for investors.

The NSE latest corporate calendar shows the list of firms that have failed to make the disclosures are East African Portland Cement, Eveready East Africa, NewGold Issuer (RF) Limited, HomeBoyz Entertainment and Housing Finance Group.

Bank allowed to pursue debtor for deficit from loan collateral auction

The High Court has dismissed a borrower’s appeal to block Mayfair Bank from demanding payment of a Sh9.8 million disputed loan that was allegedly settled through the sale of securities valued at Sh27 million, affirming the lender’s right to recover outstanding debts even after auctioning collateral.

In a judgment delivered by Justice Linus Kassan, the court ruled that N.T. Express Laundromat Ltd and its director, Mourine Wanjiku, failed to prove allegations of misrepresentation or procedural irregularities in a 2020 consent agreement that bound them to repay the debt.

How data gaps leave 39pc of health targets untracked

About 39 percent of Kenya’s health indicators under Sustainable Development Goal 3 (SDG 3)-which aims to ensure healthy lives and promote well-being for all-remain unreported, quietly undermining the country’s efforts to achieve the universal goals by 2030.

A policy brief from a project by Aga Khan University dubbed CHOICE Kenya, shows that the country currently only tracks 17 out of the 28 global health indicators, leaving 11 untracked due to data being missing, outdated or not disaggregated by gender, age or region-hiding real inequalities in access to care.

Kenya set for mass rollout of GM cassava in 18 counties

The Kenya Agricultural and Livestock Research Organisation (Kalro) has applied for approval to commercialise genetically modified cassava varieties in 18 counties, marking a major step in mass rollout of the crop after years of research.

Kalro has submitted an environmental impact assessment (EIA) report to the National Environment Management Authority (Nema), proposing to move eight varieties of the crop from research and testing in laboratories and controlled field trials to widespread public use.

Nextgen Mall manager gets reprieve in Sh119m tax fight

A company that manages Nextgen Mall on Mombasa Road has been handed a reprieve after the High Court quashed a Sh119.8 million tax demand as assessed by the Kenya Revenue Authority (KRA).

High Court judge Benjamin Njoroge set aside the assessment saying it was erroneous as the Commissioner of Domestic Taxes failed to consider documents presented by Nextgen Management Company, therefore arriving at a wrong conclusion.

Anti-kerosene adulteration levy collections dip below Sh1bn for first time

Collections from a levy, which is meant to discourage the use of kerosene to top up the volumes of diesel and super petrol, dipped to a record low last year amid purges that rattled crooks behind the menace.

An analysis of the consumption of kerosene shows that the State collected Sh847.02 million from the anti-adulteration levy last year, marking the first time that the collections fell below the Sh1 billion mark.

Auditor flags hiring of unqualified staff at CBK

The Auditor-General has flagged human resource breaches at the Central Bank of Kenya (CBK), including the recruitment of managers who are not fully qualified for their roles.

The auditor reckons that the banking regulator paid little attention to work experience and length of service for the undisclosed managerial roles and failed to involve the Salaries and Remuneration Commission (SRC) when setting its salary structure and perks in breach of the law.