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Breaking Business News from the Business Daily

Zimbabwe's Mnangagwa to be sworn in as president on Friday -
Mnangagwa will land at Manyame Airbase in Harare at 6pm

Safari Rally drives coast hotels' boom -
The event, which kicks off tomorrow, is being sponsored by national carrier Kenya Airways

Safaricom shares rally to a new record high -
This came as foreign investors rushed back to the Nairobi Securities Exchange.

Masinde Muliro shut over university dons' strike -
Students at the university's hostels have been asked to vacate their rooms by Wednesday

New govt portal seeks to ease import and export trade, curb corruption -
Traders have easier access to all documents needed as well as contacts of all officers involved in clearing goods.

Low awareness, high costs add to Kenya’s kidney disease burden -
More dialysis centres and increasing uptake of insurance has improved access but does not affect disease incidence

Zimbabwe's Mnangagwa to return home after Mugabe resignation -
Mnangagwa, 75, who fled from Zimbabwe in fear of his safety after being sacked this month

Battle for top schools as more candidates pass KCPE exam -
9,846 attain more than 400 marks, intensifying scramble for national schools

Tax processes, filing days cut for firms -
Kenya’s overall ranking in ease of paying taxes improved 33 places to position 92 globally

NSE shares up Sh50bn as markets react to ruling -
Co-op and Safaricom stocks gain as shilling rises to the dollar for second day

Uber paid hackers Sh10m to conceal data stolen from 57 million accounts -
Uber Technologies Inc. paid hackers about Sh10 million ($100,000) to keep secret a massive breach last year that exposed the personal information of about 57 million accounts.

Toilets a better gauge of household’s economic status -
Unicef estimates that worldwide, 60pc of the population lack household toilets.

Wage bill queries as Kericho hires 30 PAs -
Kericho county assembly is set to hire 30 personal assistants (PAs) for local ward representatives.

Kenyan envoys sought congratulatory messages, FT reports -
But Foreign Affairs PS Monica Juma says congratulatory messages were unsolicited.

NGO board cites anomalies in Kalonzo Foundation case -
The NGO Co-ordination board has accused the Kalonzo Musyoka Foundation of being inconsistent with information about its activities hence the move to freeze its bank accounts.

Ex-KPA boss wants Sh75m theft suit order frozen -
Former Kenya Ports Authority (KPA) managing director James Mulewa is seeking the suspension of an order to pay the State Sh74.6 million for unexplained assets.

Nasa vows to set up People’s Assembly despite court order -
The Opposition has vowed to continue with plans to form the People’s Assembly despite a High Court order restraining county assemblies from passing such motions.

Financial Times: Kenya appealing for Uhuru victory messages -
The Foreign Affairs ministry is seeking congratulatory messages from Western capitals, the Financial Times reported.

Presidency tops State’s Sh5.7bn leisure spenders -
President Uhuru Kenyatta and his deputy, William Ruto, top the list of government officials who blew more than Sh5.7 billion on entertainment in the year ended June.

Utilise public forum for raising complaints -
Customer service is a horribly neglected portion of business and government in Kenya.

EDITORIAL: Early release of KCPE exam results laudable -
Tuesday’s release of the Kenya Certificate of Primary Education (KCPE) examination results, nearly a month earlier than usual, is a laudable move.

EDITORIAL: Bailouts hurting taxpayers -
Every now and then, the government has to fork out taxpayers’ money to bail out State-owned companies unable to pay their debts.

Safaricom’s online portal set to sign up foreign vendors -
Masoko, is set to start signing international vendors on its online portal in the first quarter of 2018, enabling local customers to purchase items directly from abroad.

Tuskys takes over two more Nakumatt outlets -
Retail chain Tuskys has taken over shop space vacated by troubled Nakumatt Holdings in Kisii and Kisumu, growing its branch network to 64 stores.

Listed coffee trade firm Eaagads posts Sh20m loss -
Eaagads’ loss after tax nearly tripled due to prolonged dry weather that caused a reduced crop and increased coffee upkeep cost in the six-month period to September 30.

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