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Wednesday 12 June 2013

Today's Kenyan Business News In Briefs

Oil Sector 
 
The Kenya Oil Refineries Limited (KPRL) has denied claims that the over Sh1 billion tussle between the company and oil marketer KenolKobil threatens financial stability of the refinery. 

The refinery has also denied claims that Standard Chartered Bank has threatened to pull out from a Sh30billion agreement with KPRL signed in June last year, following its financial challenges.

Anti-Counterfeit Agency 
 
The Anti-Counterfeit Agency plans to spend close to Sh30 million to carry out a countrywide survey on the state of the counterfeit trade in Kenya. 

The agency’s Executive Director Stephen Malowa said the survey which will kick off in August this year will focus more on the fast moving goods like cosmetics and electronics which he said have been mostly affected by the vice.

Brand Kenya 
 
Brand Kenya Board has asked the government to ensure there is security and an enabling environment for business, to instill confidence to both local and international investors in the country. 

The board says the economy of Kenya needs both local and foreign investors to grow in double digits. 

Konza City 
 
The government has established the Konza City Community Consultative Forum in a bid to constantly engage with neighbouring county governments in the construction and development process of the metropolis. 

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