@BdAfrica

How politics brought down Matiba’s business empire - 12 months ago, 16 Apr 23:07

Geoffrey Irungu

Within three days after the Likoni Police Station was attacked on August 13, 1997, the hotel business that Kenneth Matiba had built over many years was left without customers and most of the employees had lost their jobs. Unknown to many, this incident marked the beginning of the end for one of the crown jewels of Mr Matiba’s multi-billion shilling empire. The attack came just five years after Mr Matiba’s relationship with the then autocratic Daniel arap Moi regime was at its lowest point. The combative politician-cum-businessman had run against Mr Moi for the presidency following the re-introduction of multi-party politics in 1992. The hotels never recovered and were eventually sold off to pay loans that had accumulated. Mr Matiba’s ability to service the loans was also weakened by the high interest rates that persisted for the better part of the 1990s as the economy struggled through the impact of ...
Read More


Category: business opinion news economy lifestyle corporate markets

Item ID: fde38da3-aa81-42c7-82c1-555893370fb1

kadiNewsItemCategoryList
  1. newsPriority: 23.343
  2. calculatedNewsPriority: 228.818
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: business
  6. title:

  1. newsPriority: 23.343
  2. calculatedNewsPriority: 228.818
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title:

  1. newsPriority: 23.343
  2. calculatedNewsPriority: 228.818
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: news
  6. title:

  1. newsPriority: 23.564
  2. calculatedNewsPriority: 229.039
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title:

  1. newsPriority: 24.233
  2. calculatedNewsPriority: 229.708
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title:

  1. newsPriority: 24.423
  2. calculatedNewsPriority: 229.898
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title:

  1. newsPriority: 23.609
  2. calculatedNewsPriority: 229.084
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title:

compoundTime
  1. timeLastCalculatedUpdate: Apr 16, 2018 11:07:40 PM
  2. timeModifiedAsFromUser: Apr 16, 2018 7:48:01 PM
  3. timeCreatedAsFromServer: Apr 16, 2018 11:07:40 PM
  4. timeUpdatedAsFromUser: Jan 19, 2019 1:12:32 PM
  5. timeCreatedAsFromUser: Apr 17, 2018 3:00:00 AM
  6. timeUpdatedAsFromServer: Jan 19, 2019 1:12:32 PM
  7. timeModifiedAsFromServer: Apr 16, 2018 11:07:40 PM

Suggested

11 hours ago, 22:42
Citi urges Eurobond holders to take up profit

Investment bankers at Citi Global Markets have advised clients to take profit in the Kenyan 10-year Eurobond which has witnessed an increase in secondary market prices in recent months. In a note Citi ...

Category: business news economy opinion corporate markets lifestyle

Item ID: 5263e531-a9fb-4bcc-8b62-cfa1ecaa821b

kadiNewsItemCategoryList
  1. newsPriority: 0.015
  2. calculatedNewsPriority: 0.198
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.015
  2. calculatedNewsPriority: 0.198
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.073
  2. calculatedNewsPriority: 0.256
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.073
  2. calculatedNewsPriority: 0.256
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.063
  2. calculatedNewsPriority: 0.246
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.033
  2. calculatedNewsPriority: 0.216
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

  1. newsPriority: 0.063
  2. calculatedNewsPriority: 0.246
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

compoundTime
  1. timeLastCalculatedUpdate: Mar 24, 2019 10:42:58 PM
  2. timeModifiedAsFromUser: Mar 24, 2019 10:08:25 AM
  3. timeCreatedAsFromServer: Mar 24, 2019 10:42:58 PM
  4. timeUpdatedAsFromUser: Mar 24, 2019 10:45:38 PM
  5. timeCreatedAsFromUser: Mar 24, 2019 7:00:00 PM
  6. timeUpdatedAsFromServer: Mar 24, 2019 10:45:38 PM
  7. timeModifiedAsFromServer: Mar 24, 2019 10:42:55 PM
12 hours ago, 22:13
State fails to trace Sh250m NYS paid Ngirita family

Taxpayers are unlikely to recover more than Sh250 million wired to the accounts of three members of the Ngirita family from the National Youth Service (NYS) that is subject of fraud suit. Ms Phyllis ...

Category: business news economy opinion corporate markets lifestyle

Item ID: b547c5dc-c5bf-497d-a427-9e9c410d5bf0

kadiNewsItemCategoryList
  1. newsPriority: 0.001
  2. calculatedNewsPriority: 0.201
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.001
  2. calculatedNewsPriority: 0.201
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.054
  2. calculatedNewsPriority: 0.254
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.054
  2. calculatedNewsPriority: 0.254
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.044
  2. calculatedNewsPriority: 0.244
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.054
  2. calculatedNewsPriority: 0.254
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

  1. newsPriority: 0.044
  2. calculatedNewsPriority: 0.244
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

compoundTime
  1. timeLastCalculatedUpdate: Mar 24, 2019 10:13:02 PM
  2. timeModifiedAsFromUser: Mar 24, 2019 7:28:05 AM
  3. timeCreatedAsFromServer: Mar 24, 2019 10:13:02 PM
  4. timeUpdatedAsFromUser: Mar 24, 2019 10:13:28 PM
  5. timeCreatedAsFromUser: Mar 24, 2019 7:00:00 PM
  6. timeUpdatedAsFromServer: Mar 24, 2019 10:13:28 PM
  7. timeModifiedAsFromServer: Mar 24, 2019 10:12:55 PM
12 hours ago, 22:13
Actis, Indian firm to build Sh12bn Garden City houses

Real estate equity investor Actis and Indian developer Shapoorji Pallonji will put up 600 apartments targeting middle-income earners at Nairobi’s Garden City Mall Complex. The joint venture project ...

Category: business news economy opinion corporate markets lifestyle

Item ID: 3df1b558-3e2f-4ea0-84d3-e57b41dbfa69

kadiNewsItemCategoryList
  1. newsPriority: 0.002
  2. calculatedNewsPriority: 0.202
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.002
  2. calculatedNewsPriority: 0.202
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.071
  2. calculatedNewsPriority: 0.271
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.071
  2. calculatedNewsPriority: 0.271
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.061
  2. calculatedNewsPriority: 0.261
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.031
  2. calculatedNewsPriority: 0.231
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

  1. newsPriority: 0.061
  2. calculatedNewsPriority: 0.261
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

compoundTime
  1. timeLastCalculatedUpdate: Mar 24, 2019 10:13:03 PM
  2. timeModifiedAsFromUser: Mar 24, 2019 10:08:25 AM
  3. timeCreatedAsFromServer: Mar 24, 2019 10:13:03 PM
  4. timeUpdatedAsFromUser: Mar 24, 2019 10:13:28 PM
  5. timeCreatedAsFromUser: Mar 24, 2019 7:00:00 PM
  6. timeUpdatedAsFromServer: Mar 24, 2019 10:13:28 PM
  7. timeModifiedAsFromServer: Mar 24, 2019 10:12:56 PM
12 hours ago, 22:09
MUSYOKA: Mtwapa a buzzing town with striking contrasts

Nestled on the southernmost tip of Kilifi County, Mtwapa is a bustling kaleidoscope of cultures, economies and social systems. The Mombasa-Malindi highway splits the town into east and west, with ...

Category: business news economy opinion corporate markets lifestyle

Item ID: 4af9dd68-a071-4dab-815c-ae5b2cbdc600

kadiNewsItemCategoryList
  1. newsPriority: 0.01
  2. calculatedNewsPriority: 0.21
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.01
  2. calculatedNewsPriority: 0.21
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.067
  2. calculatedNewsPriority: 0.267
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.031
  2. calculatedNewsPriority: 0.231
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.057
  2. calculatedNewsPriority: 0.257
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.067
  2. calculatedNewsPriority: 0.267
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

  1. newsPriority: 0.057
  2. calculatedNewsPriority: 0.257
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

compoundTime
  1. timeLastCalculatedUpdate: Mar 24, 2019 10:09:11 PM
  2. timeModifiedAsFromUser: Mar 24, 2019 8:35:14 AM
  3. timeCreatedAsFromServer: Mar 24, 2019 10:09:11 PM
  4. timeUpdatedAsFromUser: Mar 24, 2019 10:10:35 PM
  5. timeCreatedAsFromUser: Mar 24, 2019 7:00:00 PM
  6. timeUpdatedAsFromServer: Mar 24, 2019 10:10:35 PM
  7. timeModifiedAsFromServer: Mar 24, 2019 10:08:35 PM
12 hours ago, 22:09
Focus on NLC over inflated road land payouts

The National Land Commission (NLC) is on the spot over inflated compensation for land acquisition in the Sh16 billion James Gichuru-Rironi road expansion project by China Wu Yi Company. The NLC was ...

Category: business news economy opinion corporate markets lifestyle

Item ID: bd7eb5bd-5d9b-47fe-b659-8aa7b52f7ca8

kadiNewsItemCategoryList
  1. newsPriority: 0.011
  2. calculatedNewsPriority: 0.211
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.011
  2. calculatedNewsPriority: 0.211
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.056
  2. calculatedNewsPriority: 0.256
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.056
  2. calculatedNewsPriority: 0.256
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.046
  2. calculatedNewsPriority: 0.246
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.056
  2. calculatedNewsPriority: 0.256
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

  1. newsPriority: 0.046
  2. calculatedNewsPriority: 0.246
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

compoundTime
  1. timeLastCalculatedUpdate: Mar 24, 2019 10:09:07 PM
  2. timeModifiedAsFromUser: Mar 24, 2019 9:21:00 AM
  3. timeCreatedAsFromServer: Mar 24, 2019 10:09:07 PM
  4. timeUpdatedAsFromUser: Mar 24, 2019 10:10:35 PM
  5. timeCreatedAsFromUser: Mar 24, 2019 7:00:00 PM
  6. timeUpdatedAsFromServer: Mar 24, 2019 10:10:35 PM
  7. timeModifiedAsFromServer: Mar 24, 2019 10:08:09 PM
12 hours ago, 22:09
Porsche, BMW fail to make sales for 2 months

Luxury car market was hit by a slowdown in the first two months of the year that saw top brands Porsche and BMW fail to make a single sale. Data released this week by Kenya Motor Industry Association ...

Category: business news economy opinion corporate markets lifestyle

Item ID: 82ed348c-52d3-4231-aede-b1ad4ec65325

kadiNewsItemCategoryList
  1. newsPriority: 0.012
  2. calculatedNewsPriority: 0.212
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.012
  2. calculatedNewsPriority: 0.212
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.033
  2. calculatedNewsPriority: 0.233
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.053
  2. calculatedNewsPriority: 0.253
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.043
  2. calculatedNewsPriority: 0.243
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.053
  2. calculatedNewsPriority: 0.253
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

  1. newsPriority: 0.043
  2. calculatedNewsPriority: 0.243
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

compoundTime
  1. timeLastCalculatedUpdate: Mar 24, 2019 10:09:08 PM
  2. timeModifiedAsFromUser: Mar 24, 2019 7:28:05 AM
  3. timeCreatedAsFromServer: Mar 24, 2019 10:09:08 PM
  4. timeUpdatedAsFromUser: Mar 24, 2019 10:10:35 PM
  5. timeCreatedAsFromUser: Mar 24, 2019 7:00:00 PM
  6. timeUpdatedAsFromServer: Mar 24, 2019 10:10:35 PM
  7. timeModifiedAsFromServer: Mar 24, 2019 10:08:11 PM