Kibos

Van de Grijspaarde, a Dutch investor behind Ksh2 billion Kibo Motorbike assembly in Kenya. [Photo: Business Daily]

Bernie Madoff, mastermind of largest Ponzi scheme, dies at 82 April 14, 2021
Bernard Madoff was convicted for running the largest known Ponzi scheme in history and was serving a 150-year sentence.
Transport firm faces auction over Sh245.5 million NCBA debt April 14, 2021
Bank says attempts to repossess trucks and trailers have been unsuccessful as they cannot be traced.
More pain as petrol prices to hit historic high today April 13, 2021
A brief from the energy regulator seen by the Business Daily indicates that petrol will increase by Sh4.30 to Sh127.11 per litre in Nairobi.
Mortgage, car loan defaults cross Sh100bn April 13, 2021
Default on mortgages and loans advanced to the transport sector has crossed the Sh100 billion mark in the wake of layoffs, business closures and travel restrictions.
Claimants get more time for Sh250,000 Concord State payout after snub April 13, 2021
Only 17 out of 2,949 policyholders have shown up to claim the Sh250,000 State payout of Concord Insurance, which collapsed eight years ago.
Biden orders probe into Shabaab US military Lamu base raid April 13, 2021
The new US administration said it wants to make sure the fresh “independent review” provides additional “insight and perspective” into how the attack happened.
New vehicle sales rebound 6.26pc in first quarter April 13, 2021
Sales of new motor vehicles rose 6.26 per cent in the first quarter ended March, signalling a rebound from last year.
Kenya-based Danish hair firm targets NSE listing April 13, 2021
Kenya based Danish hair products firm Africanhair PLC, trading as BeautyClick plans to list on the NSE to raise new equity for regional expansion.
Gulf African Bank, Toyota Kenya sign trucks financing deal April 13, 2021
Buyers to access up to 90 per cent funding in the payment scheme that will require buyers to repay the loan in six years.
Cryptocurrencies: A $2 trillion market April 13, 2021
One bitcoin is currently valued at 60,000 US dollars.