This archive report was first published on 1 December 2019.
Business Daily Africa News Roundup ¶
December 1, 2019
Business Daily Africa reported on various news stories across different categories, including economy, news, corporate, and lifestyle.
- Economy Parliament has ordered a Treasury audit of Sh2.6bn stalled projects, a move aimed at ensuring transparency and accountability in the use of public funds. Full hydro dams are set to bring cheaper power to Kenyans, with the government planning to increase the share of hydroelectric power in the energy mix. Sh8.8bn bad loans have been restructured for struggling agencies, a move aimed at helping them recover and become profitable again.
- News Doctors and maternity fees are hurting medical insurers, with the cost of medical care continuing to rise. SGR is fully booked as air fares rise ahead of Christmas, with many Kenyans opting for the train as a cheaper alternative. Banks are paying the lowest rates on savings in 36 months, a move that is likely to affect depositors who are looking for higher returns on their investments.
- Corporate DStv has removed two news channels from its Compact bouquet, a move that is likely to affect subscribers who are looking for a wider range of news channels. Retailers are clashing with KRA over the tax system, with the retailers arguing that the current system is unfair and needs to be revised. Co-op Bank boss Muriuki has acquired Sh179m shares, a move that is likely to affect the bank's share price and the overall market.
- Lifestyle BBI proposals are good for small-sized businesses, with the proposals aimed at helping them grow and become more competitive. Charting a path to success requires going off the beaten track, with many successful entrepreneurs and business leaders advocating for innovation and risk-taking.
