Kilifi County Business & Economics
Italian billionaire threatens to pull out from Malindi due to business environment
Tourism innovations boosting business
Kilifi inks Sh2.5bn deal for vegetable and fruit processing
Kingi wants five firms to refund Sh43 million
Leaders owe Kenyans more imagination than just theft
Spotlight on directors of firms in Sh45m healthcare syndicate
Italian billionaire threatens to pull out from Malindi due to business environment
2018-01-05 13:43:42 MALINDI, KENYA; Italian billionaire Flavio Briatore who has heavily invested in the tourism sector in Malindi, Kilifi County has threatened to withdraw his investments in the town owing to ‘poor’ business environment in Kenya. Flavio who owns the Billionaire Resort and the Lion in the Sun beach Resort said that Malindi town had become too dirty to attract meaningful investors   Read More ...
Foreign investor dismisses closure of Temple Point Resort reports
2017-12-26 15:09:05 A foreign investor who owns Temple Point Resort in Watamu Kilifi County has dismissed reports that the facility was closing after a protracted court battle over its ownership. One of directors in the disputed hotel, Ian Langer maintains that the 1 billion shillings establishment will continue with its operations despite being at the centre of a court battle. The ownership of this one billion shillings investment remains a subject of a court battle   Read More ...
Sh13bn Kilifi ranch investor gives owners ultimatum
2017-11-21 20:00:16 A Dubai-based firm that wants to buy a 66,000-acre ranch at a cost of Sh13 billion in Ganze, Kilifi County, has given Giriama Ranching Company officials a.   Read More ...
Devki billionaire in 750m tonne Coast cement plant
2017-11-14 20:00:39 Building material billionaire Narendra Raval plans to invest in a 750-million tonne cement plant on a 20-hectare land in Mariakani, Kilifi County. This will be the second factory in the county after ARM Cement #ticker:ARM.   Read More ...
Tourism innovations boosting business
2017-08-26 00:10:36 Hoteliers in Kilifi County have begun tapping in the domestic market to boost operations and ensure they do not close down businesses during the low season.   Read More ...
Hoteliers in Kilifi tapping into domestic tourists market
2017-08-25 14:11:58 Hoteliers in Kilifi County have begun tapping into the domestic market to boost operations and also protect themselves from closure during low tourism seasons. The hotels are now focusing on conference tourism, which they say is proving successful, as as a substitute to the foreign market which is usually seasonal. With the new markets hotels are able to operate throughout the year. Traditionally, most hotels - particularly in the north coast - close from April to August due to the low tourism season, causing many workers to lose their jobs.   Read More ...
Turkana, Kilifi to get solar power
2017-08-20 22:00:17 Schools and clinics not connected to electricity in Turkana and Kilifi counties are set to be powered by solar energy following the signing of a deal between UK-based Energy 4 Impact and OVO Foundation to install solar energy systems in the facilities.   Read More ...
Beach operators, Kilifi County feud over resort’s sea wall plan
2017-04-20 22:06:01 Malindi residents have rejected Kilfi County’s move to allow a resort to extend a sea wall along the beach neighbouring a marine park.   Read More ...
Mombasa Cement to build 36 MW wind farm in Kilifi
2017-01-26 08:00:21 Mombasa Cement is set to build a 36 megawatt (MW) wind farm in Kilifi for its own use and sale to Kenya Power. The project, which consists of 12 turbines of 3MW each, will cost an estimated Sh260 million, according to regulatory filings submitted by the cement manufacturer. The wind park will be build on a section of the 1,200 acres of land Mombasa Cement owns in Vipingo, on which   Read More ...
Safaricom opens Mombasa region headquarters office
2017-01-24 22:02:04 Telecommunications company, Safaricom, has opened a regional headquarters office in Mombasa and a retail shop in Malindi. The regional headquarters situated at the Avenue Building in Nyali is set to boost the company’s presence and distribution network at the Coast. Safaricom Chief Executive Bob Collymore said the regional office structure is geared towards enhancing interaction with customers to determine their needs and quicken the response time. “By decentralising our operations   Read More ...
Investors follow the allure of cultural tourism to grow revenues
2017-01-15 00:12:45 Investors follow the allure of cultural tourism to grow revenues Carolyne Anami, the proprietor of Afrika Kenya Village in Mtwapa town within Kilifi County stands at the entrance of a Masai traditional manyata as part of cultural tourism, January 12, 2017. [PHOTO BY GIDEON MAUNDU/STANDARD]. One of Kenya’s untapped tourism attraction is its cultural allure. Tourism stakeholders now say the country should tap into its cultural diversities and market them   Read More ...
Mungatana denies businesswoman who linked him to Sh51m Kilifi theft
2017-01-14 15:29:12 Danson Mungatana has distanced himself from the Sh51 million Kilifi county scandal saying he has never met the woman who implicated him. Businesswoman Lucy Wanjugu, the third defendant in a civil suit filed by the county, claimed Mungatana engineered the theft through IFMIS. Wanjugu, a director at Zohali Services, who said she was acquainted with Mungatana, claimed he made the request when they met last July. But the former Garsen   Read More ...
Centum plots multibillion investments in Kilifi County
2017-01-11 15:47:49 Centum plots multibillion investments in Kilifi County KILIFI, KENYA: Centum Investment Company is expected to commission the construction of Vipingo Vocational Institute, Industrial Park and infrastructure for the 10,254 acres Vipingo Mega City, in Vipingo area Kilifi County this year. Addressing journalists during the Centum Investment Scholarship award ceremony at Timboni primary school in Kikambala Division, Chief Executive Officer Centum Investment Company Dr James Mworia said architects are finalising on   Read More ...
Kilifi horticultural farmers to benefit from Sh2.5 billion contract
2017-01-04 18:48:28 Horticultural farmers in Kilifi County are set to benefit from a Sh2.5 billion contract signed between the Kilifi County government, a Chinese engineering company and the Kenya Agri-business and Agro industry Alliance. Kilifi Governor Amason Kingi says that more than 20,000 fruit and vegetable farmers will directly benefit from the initiative to be channeled through an agro-food park project by the Jiangxi Jianlian International Co Ltd. Kingi says that once   Read More ...
Kilifi inks Sh2.5bn deal for vegetable and fruit processing
2016-12-24 18:49:53 Kilifi county this week signed a Sh2.5 billion deal with Kenya Agribusiness and Agroindustry Alliance and JiangLian Heavy Industry Company of China for setting up of a fruit and vegetable food park. The deal targets farmers, input suppliers, processors, retailers, wholesalers, exporters and other business service providers. “The Kilifi Agro-Food Park will transform the economy of the county through creating better integrated value chains which result in greater value addition   Read More ...
Safaricom entices Kilifi businesses with affordable internet
2016-12-09 08:22:02 Safaricom entices Kilifi businesses with affordable internet NAIROBI, KENYA: Small and Medium Enterprises in Malindi can now enjoy affordable internet following the introduction of Safaricom fibre in the region. Malindi becomes the latest town to benefit from high speed internet connectivity in the second phase of the project that kicked off in Eldoret last month. The rollout follows successful deployment of fibre in Nairobi, Kisumu and Mombasa with the current   Read More ...
Counties that deposited Sh835m in Chase Bank for perks named
2016-12-05 20:12:07 Eight counties had deposited Sh835 million in Chase Bank before the mid-sized lender was placed in receivership, a Senate report revealed. Nairobi, Kisii, Machakos, Kilifi, Uasin Gishu, Kericho, Narok and Trans Nzoia counties held accounts at the lender on diverse dates from September 2013 to February 2016. The Central Bank of Kenya (CBK) took over Chase Bank in April after a run on its deposits raised fears it would be   Read More ...
EACC trailing Kilifi bank managers, senior officials in Sh51 million theft case
2016-12-04 15:33:44 EACC detectives are trailing bank managers and Kilifi county officials amid investigations into the loss of more than Sh51 million. Four managers, from different banks allegedly involved in the graft, were grilled for hours last week and also recorded statements. A senior EACC officer who did not want to be named said one of the suspects has been on the red alert and may soon be arrested and prosecuted. "This   Read More ...
Banks grilled over Sh51 million Kilifi county scandal
2016-12-04 12:26:24 Banks operating accounts of five companies named in the theft of Sh51 million from the Kilifi county government bank account have spoken out, telling the county assembly’s committee investigating the scam that they transferred the funds to their clients after the companies produced required documents for payment. Representatives of Consolidated Bank, Diamond Trust Bank, Jamii Bora Bank and Equity Bank told the committee that after asking their clients to provide   Read More ...
Kilifi County officials fail to produce revenue records
2016-11-29 23:34:29 Top Kilifi County officials and senior officers on Tuesday walked out on a special county assembly committee investigating the possible loss of millions in revenue to corruption. County Secretary Owen Baya, Chief Finance Officer Ben Kai, Director of Revenue Alfred Dena and Malingi Dzombo stormed out after declining to provide county revenue records from 2008 to the current financial year, as directed by the oversight committee chaired by Speaker Jimmy   Read More ...
Revealed: Names and firms in Kilifi corruption probe
2016-11-28 00:55:33 Kilifi Governor Amason Kingi is be questioned by anti-graft agents over Sh51 million theft at the county as the names of firms and directors being probed emerged. A Kilifi court froze bank accounts of five companies as the investigations gathered pace. On Friday, county lawyers sought orders at the Malindi Law Courts to freeze the accounts pending the determination of a suit the devolved. administration has filed. Principal Magistrate Dominica   Read More ...
Court freezes bank accounts of companies behind Sh51m theft
2016-11-27 22:31:04 Court freezes bank accounts of companies behind Sh51m theft By Willis Oketch and Benard Sanga A court has frozen bank accounts of five companies linked to the theft of the Sh51 million from Kilifi County. This comes as Governor Amason Kingi revealed he will today appear before the Ethics and Ant-Corruption Commission (EACC) to shed more light on the scam. The court directed Equity Bank, Jamii Bora, Diamond Trust Bank   Read More ...
EACC obtains orders to probe bank accounts in Sh51m Kilifi scandal
2016-11-26 16:46:12 EACC has obtained orders to investigate the bank accounts of two companies and a director suspected to have Malindi principle magistrate Silvia Wewa on Friday granted the commission orders to investigate Makegra Supplied Ltd and Zohari Construction and General Supplies Ltd. Wewa also allowed EACC to probe the bank accounts of Lucy Kibogo, one of the directors at Zohali Construction. Kofa Komara, an EACC officer, told the court in a   Read More ...
Kingi wants five firms to refund Sh43 million
2016-11-25 23:35:53 Kilifi Governor Amason Kingi has said the county government will today go to court to compel five companies to return Sh43 million they allegedly received irregularly. The five companies are Makegra Supplies Ltd, Zohali Services Ltd, Kilifi Investment Services Ltd, Leadership Edge Associates Ltd and Daima One Enterprises. Kingi said they received Sh51 million payments through the Integrated Financial Management Information System by fraudulent means, but Sh8 million was reversed   Read More ...
EACC obtains order to investigate bank accounts of companies said to be have received Kilifi funds
2016-11-25 23:30:11 The anti-graft agency has obtained orders to investigate bank accounts of two Nairobi-based companies said to be among five that received more than Sh51 million from Kilifi County coffers. Malindi principal magistrate Silvia Wewa issued the Ethics and Anti-Corruption Commission with orders to investigate, inspect and obtain bank statements of Makegra Supplies Ltd and Zohali Construction and General Services Ltd. She also allowed the EACC to investigate bank accounts of   Read More ...
EACC to probe bank accounts of firms at centre of Kilifi scam
2016-11-25 19:58:18 The Ethics and Anti-Corruption Commission has obtained court orders to investigate bank accounts of two of the five Nairobi based companies said to have stolen over Sh51 million from Kilifi County coffers. Malindi Principal Magistrate Silvia Wewa on Friday issued the EACC with orders to investigate, inspect, and obtain bank statements and banker books of Makegra Supplies Ltd and Zohali Construction and General Services Ltd. She also issued same orders   Read More ...
Residents of a Kwale village count losses after blast from gas factory destroys property
2016-11-24 15:25:56 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 ...
Local businesses urged to go beyond goods and services to retain customers
2016-11-23 18:35:26 Local businesses urged to go beyond goods and services to retain customers Kenya National Chamber of Commerce and Industry (KNCCI) Chairman Kiprono Kittony delivers a speech during Kilifi International Investment Conference cocktail in Nairobi on September 21 2016.The conference slated for October 6-8 will provide stakeholders, Government, Private Sector players and Development Partners with a platform to interact through Business to Business and Government to Business with the aim of   Read More ...
Sh1.1bn remitted to National Treasury as withholding tax, says county
2016-11-20 00:18:14 Almost half of the earlier claimed to have been stolen from Kilifi County government was remitted to the National Treasury as withholding tax, records indicate. Documents made available to the Nation show that nearly Sh400 million was remitted to the national government as withholding tax in line with financial regulations which require that any individual or entity paying for goods or services deducts tax from the payment and remits it   Read More ...
Leaders owe Kenyans more imagination than just theft
2016-11-19 10:19:46 Leaders owe Kenyans more imagination than just theft This week Kenyans were treated to yet another corruption scandal. This time it was Kilifi County, where more than Sh1.8b may have been stolen. Like with the myriad corruption scandals, Kilifi’s revealed a web of collusion involving senior officials in key institutions – from the county government to the Central Bank to commercial banks. In other words, corruption in Kenya is not   Read More ...
Stolen Kilifi billions probe to question Central Bank officials
2016-11-17 00:11:01 In what is the biggest county scam on record, the Kilifi County Assembly team investigating theft of more than Sh1bn of public funds intends to extend investigations to Central Bank of Kenya. The net is also being cast wider to include the county’s Integrated Financial Management and Information System (Ifmis) as its parliament seeks to unravel the loss of what could be more than Speaker Jimmy Kahindi, who chairs the   Read More ...
Stolen Sh51m Kilifi county cash sent to five city firms
2016-11-13 22:58:26 Stolen Sh51m Kilifi county cash sent to five city firms The Kilifi county government lost over Sh51 million from its bank accounts after an electronic money transfer system was manipulated. Crooks are said to have stolen passwords belonging to 10 officials, used them to access the Integrated Financial Management Information System (IFMIS) and siphoned money from the county government's account at the Central Bank of Kenya (CBK). Preliminary investigations show   Read More ...
Stolen Sh51m county cash sent to five city firms
2016-11-13 22:54:41 Stolen Sh51m Kilifi county cash sent to five city firms The Kilifi county government lost over Sh51 million from its bank accounts after an electronic money transfer system was manipulated. Crooks are said to have stolen passwords belonging to 10 officials, used them to access the Integrated Financial Management Information System (Ifmis) and siphoned money from the county government's account at the Central Bank of Kenya (CBK). Preliminary investigations show   Read More ...
Governor Kingi names directors of 5 companies who swindled county Sh51m
2016-11-12 09:15:49 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 ...
Kilifi lost over Sh50 million, assembly told during probe on missing health cash
2016-11-12 00:10:04 The amount stolen from Kilifi County bank accounts has risen from the previously stated Sh45 million to Sh51 million, Finance Chief Officer Ben Kai told an assembly session on Friday. It is suspected that there are cartels at the Central Bank and five banks where the money was deposited as well within the county government. The assembly is probing whether the officials colluded to loot the funds from the IFMIS   Read More ...
Investor setting up Sh9.2m tyre recycling plant
2016-11-10 21:02:22 An investor in Kilifi is setting up a plant to recycle tyres to basic components including steel and flammable gas. Monarch Petrochemical Ltd in regulatory filings says the plant will yield tyre pyrolysis oil (TPO), carbon black powder, steel wire and gas. The process involves subjecting tyres to high temperatures of 400 to 450 degrees Celsius in the absence of oxygen. “It is a great way of recycling waste tyres   Read More ...
Spotlight on directors of firms in Sh45m healthcare syndicate
2016-11-10 07:28:12 The state will freeze assets of four directors of companies linked to the Sh45 million Malindi healthcare syndicate. The companies – Daima One Enterprises, Zohali Services, Makegra Suppliers Ltd and Kilingi Investments – are all based in Nairobi. They do not have branches in Kilifi county. According to a search court warrant obtained on October 18 by a multi-agency team of detectives, Sh45,455,825 was wired to the four companies in   Read More ...
Safaricom pays artistes Sh325m in five months
2016-11-09 20:11:41 Telecommunications operator Safaricom has said it paid out Sh325 million to artistes in the past five months for use of their call-back tunes, shinning a light on the lucrative music business. The firm has been at the centre of a legal power struggle between three Collective Management Organisations (CMOs) and other agencies contracted by artists to manage their creative rights. The Malindi High Court has nullified a section of the   Read More ...
Ecobank marks nine branches for closure in digital business plan
2016-10-31 21:12:02 Pan-African lender Ecobank will be closing nearly a third of its branches by end of April next year as it seeks to push business through digital channels. They are Chambers, Ongata Rongai, Gikomba, Embakasi, Thika Road Mall (TRM), Meru, Kitale, Busia and Malindi branches. Ecobank will remain with 20 operating branches. “The decision to close the nine branches was arrived at early this year after we reviewed our business operating   Read More ...
Agriculture shares lose steam as ‘Rea Vipingo’ effect wears off
2016-10-30 19:00:26 Agriculture stocks have this year lost the momentum that saw the sector buck a bearish trend at the Nairobi Securities Exchange (NSE) in 2015, with three of the six listed firms losing half their value as the “Rea Vipingo” effect wears off. Shares of , , , and were the standout performers in the market in 2015, when investors bought in with an eye on the potentially valuable land assets   Read More ...