Kwale County Business & Economics

Sacked CECs are signatories to bank accounts

standardmedia.co.ke

Sacked CECs are signatories to bank accounts


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Kwale based mining company Base titanium prospects improved returns from mining

ktnkenya.tv

Kwale based mining company Base titanium prospects improved returns from mining


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Kwale sugar company refutes claims of imminent closure over drought

the-star.co.ke

Kwale sugar company refutes claims of imminent closure over drought


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Kwale Public Service Board on spot for illegal Sh1.5 million payment

the-star.co.ke

Kwale Public Service Board on spot for illegal Sh1.5 million payment


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Don’t kill our only source of income, say mnazi sellers

the-star.co.ke

Don’t kill our only source of income, say mnazi sellers


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Home / Kwale / Business
Kwale titanium miner rebounds to Sh1.71bn full-year profit
Base Resources has rebounded to full-year profit of Sh1.71 billion (AU$21 million) for the period ended June 30 from $20.9 million (Sh1.70 billion) loss a year earlier, the Kwale-based miner announced on Monday.   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Kwale | 
Sacked CECs are signatories to bank accounts
SUMMARY Counties that have fired county executives for finance may not be able to draw any money, after the CBK issued regulations to guide the change of signatories CBK announced that the CEC member for finance and the current signatories are still authorised to transact and are accountable for the operations of those accounts until advised otherwise Affected counties are Nakuru, Mandera, Kwale, Elgeyo Maralwet, Taita Taveta, Nyeri, West Pokot and Uasin Gishu The chaotic transition that has seen new governors sack executives is expected to paralyse financial operations in some counties   Read More ...
Categories: Business | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Kwale |  Mandera |  Nyeri |  Nakuru | 
Sh5.5bn cable car plan to lift tourism in Diani
Hoteliers are banking on the proposed construction of a Sh5.5 billion cable car facility on the Likoni channel to help turn around tourism in the South Coast.   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Shipping | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale |  Msambweni |  Diani |  Diani Location | 
Msambweni Hospital gets Sh250m ICU equipment boost
Msambweni Hospital in Kwale County has received a major boost after the national government equipped its newly built Intensive Care Unit (ICU). Kwale governor Salim Mvurya said the hospital, one of the largest health referral facilities at the Coast, has received the equipment worth Sh250 million. He added that the ICU would start operations after the training of staff, which ends on Saturday. “This is the transformation that Kwale residents   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale |  Msambweni | 
Kwale based mining company Base titanium prospects improved returns from mining
Kenya’s largest mining venture, Kwale based mining company Base titanium could be looking at improved returns in the near future as the company reported an improvement in the price of Ilmenite in the markets and higher mining volumes over the last quarter for the year ended December 2016. As KTN’s Joy Doreen Biira reports, the spike in prices is due to increased demand for the raw ore that is used   Read More ...
Categories: Business | 
Tags: Corporate |  Companies |  Enterprises | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Kwale sugar company refutes claims of imminent closure over drought
The management of a sugar factory in Kwale has refuted claims that the mill will close down until September following the ongoing drought. Mathias Mutua, Kwale International Sugar Company community relations officer, said the factory is operating as usual without any hitch. He said the factory is using its reservoir dams to irrigate the sugar farms within its nucleus, therefore not under any threat of supplies shortages. "We have several   Read More ...
Categories: Business | 
Tags: Corporate |  Companies |  Enterprises |  Industries |  Factories | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Residents of a Kwale village count losses after blast from gas factory destroys property
Residents of Kwamagongo Village which is at the border of Kwale and Kilifi counties in Mazeras are counting losses after their property was destroyed by a fire that broke out Monday night at a gas filling company. The inferno which was followed with heavy blasts left behind massive destruction of property forcing locals who are leaving next to the company to flee to safety. Confirming the incident, Rabai Location Anthony   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Losses | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale |  Kilifi |  Rabai |  Mazeras | 
Governor Kingi names directors of 5 companies who swindled county Sh51m
Kilifi Governor Amason Kingi has named directors of five companies based in Nairobi suspected to have conspired with county officials to steal at least Sh51 million from the county's bank account. Mr Kingi's local government has been hit by the shocking scandal which has seen the anti-corruption agency and the Banking Fraud Unit move to investigate what was initially a theft of Sh30 million but which emerged Friday to be   Read More ...
Categories: Business | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Nairobi |  Coast |  Kwale |  Kilifi | 
Kwale Public Service Board on spot for illegal Sh1.5 million payment
The Kwale Public Service Board paid Sh1.48 million to companies that did not offer any services, a report has revealed. The county assembly committee on public investment accounts said the board paid three companies - Wema Prestige Café, Heyco Garage and Evirea Suppliers. Chairman Patrick Mangale said on Wednesday that the companies were paid Sh854,586, Sh440,000 and Sh184,000 respectively. Speaker Sammy Ruwa asked the committee to look into the matter   Read More ...
Categories: Business | 
Tags: Markets |  Services | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Mombasa banks on new Kwale dam to end perennial water shortage
The perennial water shortage in Mombasa County is expected to end in the next four years upon completion of the Mwache multi-purpose dam in Kwale. Mombasa County executive in charge of Water and Natural Resources Fatma Awale said although residents require a daily supply of 186,000 cubic meters, it currently gets 46,000 cubic meters of water a day from Baricho Dam, Mzima and Marere springs. “We purchase water from Coast   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Mombasa |  Kwale | 
Kazungu says Base Titanium new licence is for exploration
Mining Secretary Dan Kazungu has denied claims that Base Titanium Limited has been given a licence to extend mining in Kwale County. Mr Kazungu said the firm which has had operations in Kenya since 2014 has only been given a prospecting licence to explore areas surrounding its current project. “What Base has is a prospecting licence, it is for scanning for minerals. They have seven years to their current investments   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
KQ bird strike, tyre burst disrupt multiple flights
Multiple flights delayed Tuesday after a bird strike and a tyre burst affected operations of the national carrier. The flights, mainly to Mombasa and Ukunda, included those of its budget subsidiary Jambojet. Passengers booked on the flights were delayed for several hours with the carrier’s customer service citing technical faults. An inflight announcement on one of the KQ planes said “there was a major engine problem on the flight we   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale |  Ukunda | 
Base Titanium gets boost in its quest for special licence
Base Titanium has moved one step closer to expanding its exploration area in Kwale by 136 square kilometres after the Ministry of Mining accepted its application for a special licence. The Australia-based company has applied to be granted mining rights on the additional area towards the border of Tanzania, over and above its existing 177 square kilometres site. Shadrack Kimomo, acting commissioner of mines, has through the latest Kenya Gazette   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises | 
Places: Kenya |  Oceania |  Australasia |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Don’t kill our only source of income, say mnazi sellers
Kwale palm wine sellers have accused security officials of harassing them. They said the business they have depended on for decades to feed their families is being killed. During a peaceful demonstration on Saturday at Mandingo in Ukunda, the brewers urged President Uhuru Kenyatta to clarify if making mnazi is illegal. Resident Suleiman Mwajoto said the business is not helping them anymore.   Read More ...
Categories: Business | 
Tags: Markets |  Suppliers | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale |  Central | 
Coast traders showcase business skills at Lamu forum
Over 500 small scale business traders from four coastal counties on Wednesday congregated at the Mkunguni Square in Lamu Town to showcase and exhibit their various skills in micro-business. The traders from Lamu, Taita Taveta, Kwale and Mombasa counties — sponsored and trained by the Kenya Coastal Development Project (KCDP) — also had a chance to interact with Lamu leaders among them governor Issa Timamy and business and financial experts   Read More ...
Categories: Business |  Life & Style | 
Tags: Markets |  Careers |  Career Skills |  Suppliers | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Mombasa |  Kwale |  Lamu |  Taita-Taveta | 
Reprieve for KAA as court quashes Kwale’s Sh43m land rates demand
The Kenya Airports Authority (KAA) got a reprieve after the High Court prohibited the Kwale county government from demanding Sh43.2 million as land rates for Ukunda Airstrip. Justice Anyara Emukule, sitting in Mombasa, also quashed a demand notice issued by the county to the KAA for payment of the money. He ruled that agencies such as the KAA that offer vital services that ordinarily would be provided by ‘parent’ ministries   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Mombasa |  Kwale | 
Firm bets on new machines to boost titanium exports
Australian miner Base Resources is expecting the production of titanium in its Kwale County operations to increase by more than 10 per cent next year on the back of improved efficiency from new equipment installed in June. Base Resources, Managing Director Tim Carstens said on Friday the anticipated increase in production in all its three products, rutile, ilmenite and zircon, would spur exports and boost sales. In the financial year   Read More ...
Categories: Business | 
Tags: Markets |  Corporate |  Companies |  Enterprises |  Exports | 
Places: Kenya |  Oceania |  Australasia |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Australia’s Base Resources gets more acreage for its mining activity
Australian miner Base Resources has been granted another exploratory drilling licence by the Ministry of Mining covering an expanded area of 177 square kilometres in Kwale County. The firm said following the nod it will upscale its exploratory activities at the Coast from where it has been exporting minerals. “Base Resources Ltd is pleased to advise that it has been granted exploration tenure over a significantly expanded land area surrounding   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets | 
Places: Kenya |  Oceania |  Australasia |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Kwale reps deny water company Sh35 million
MCAs have rejected a Sh35 million reallocation to the Kwale Water and Sewerage Company, this despite the county experiencing a shortage over unpaid bills. The company owes Kenya Power and the Coast Water Board millions of shillings The Finance, Budget and Appropriation Committee had allocated the money in the 2015-16 supplementary budget to end the one-month water shortage. Chairman Hidaya Fweda said Sh10 million would be spent on paying Kenya   Read More ...
Categories: Business | 
Tags: Corporate |  Companies | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Mauritian firm freezes plans to add stake in Kwale sugar miller
Mauritian firm Omnicane has frozen plans to double its stake in a Kwale-based sugar factory, opting to set up new sugar mills in Mozambique and Ghana. Omnicane, which currently holds a 25 per cent stake at Kwale International Sugar Company Ltd (Kiscol), has declined to exercise an option which allowed the Mauritian group to take a further 25 per cent shareholding in the Kenyan firm. The Port Louis-based sugar miller   Read More ...
Categories: Business | 
Tags: Corporate |  Companies | 
Places: Kenya |  Africa |  Sub-Saharan |  W Africa |  E. Africa |  Coast |  Kwale |  South EA | 
Group opposes railway builder China Roads’ bid to fetch water from river
Residents of Mwache village in Kwale County have opposed China Roads and Bridges Corporation’s move to fetch water from river Mwache for construction of the Standard Gauge Railway. Under the umbrella of Mwachiga, a registered group which monitors water use, the residents accused CRBC of depleting the precious commodity. Speaking during a public baraza held at Mwache river bank Thursday, the group’s secretary Samuel Chondo said the company did not   Read More ...
Categories: Business | 
Tags: Corporate | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale |  Asia |  E. Asia | 
Kenyan counties showcase tourism products in Berlin trade fair
BERLIN, GERMANY. Nairobi and Mombasa are among four county governments showcasing tourism products at the International Tourism Fair (ITB) in Berlin, Germany, to attract more international tourists to the country.Other counties participating in the Berlin travel trade fair are Kwale and Uasin Gishu.According to Nairobi tourism officials Sally Ragga and Nassir Massai, the county is participating in the Berlin travel show for the first time with the aim of positioning   Read More ...
Tags: Government |  County governments |  Markets |  Trade |  Tourism |  Products | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale |  Rift Valley |  Uasin Gishu |  Europe |  C. Europe | 
New CMA code requires listed firms to disclose individual directors’ pay
Money Markets. New CMA code requires listed firms to disclose individual directors’ pay. Base Titanium external affairs managers Simon Wall displays minerals produced at the firm’s factory in Kwale. The miner is one of the companies that disclose top executives’ pay. PHOTO | FILE. In Summary. Companies will be required to disclose the remuneration policy applied on board members and executive directors and the package paid out, says the code   Read More ...
Categories: Business |  Entertainment & Arts | 
Tags: Markets |  Stock Markets |  Corporate |  Companies |  Listing |  Capital markets |  Management |  Directors |  Production |  Directors | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Titanium miner Base Resources in Sh730m cash call to ease debt burden
Base Resources reported it had sunk deeper into losses in the six months to December due to high financing costs.   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Kwale Base Resources receives Sh200m VAT refund from Treasury
Australian miner Base Resources has started receiving refund claim payments incurred during the construction of the Kwale-based facility.   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets |  Economic Policies | 
Places: Kenya |  Oceania |  Australasia |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Titanium miner gets breathing space in new loan schedule
Kwale-based mining company Base Resources has rescheduled its loan repayment for the second time in as many years, allowing itself to pay Sh1.1 billion less for the instalment due on Tuesday.   Read More ...
Categories: Business | 
Tags: Markets |  Stock Markets | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Why Kenyan farmers have put vanilla, silkworms on back burner despite gains
For millions of farmers, dry spells dash hopes of good harvest. But Maryanne Karemesi from Kwale is counting gains under the scorching sun.   Read More ...
Categories: Business | 
Tags: Corporate | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  Coast |  Kwale | 
Senate seeks Sh3.2bn to revive coconut industry
Committee to ask government to set aside funds in 2015/2016 Budget.   Read More ...
Categories: Politics & Government |  Business |  Local (Counties) | 
Tags:  |   |   |  Industries | 
Places: Kenya |  Coast |  Kwale |  Kilifi | 
Mrima Hills exploration to be done by Government
The government has announced that no private firm or individual will be allowed to explore minerals at Mrima Hills in Kwale county. The contentious exploration business of the niobium and rare earth metals at Mrima Hills will now be done by the State through the National Mining Corporation which is   Read More ...
Categories: Politics & Government |  Business |  Local (Counties) | 
Tags: Government |  County governments |  Corporate |  Companies |   |   | 
Places: Kenya |  Coast |  Kwale | 
Cortec loses bid to have licence reinstated
By Wanjohi Githae @wanjohigithae A mining company yesterday lost a case in which it had sued the government for revoking its licence to explore minerals at Mrima hills, Kwale county. Cortec, associated with flamboyant businessman Jacob Juma, lost the case after the presiding judge, John Mutungi, ruled the licence was issued unprocedurally. The judge said   Read More ...
Categories: Business |  Local (Counties) | 
Tags: Corporate |  Companies |   |   | 
Places: Kenya |  Coast |  Kwale |