Friday , November 1 2024
Home / The Independent (page 2022)

The Independent

Scandal-hit Kenya Olympic board back to work, agree to polls

Nairobi, Kenya | AFP |  Officials from Kenya’s scandal-hit national Olympic governing body returned to their offices on Thursday after the government lifted a one-month ban to allow them to organise elections. Kipchoge Keino, the head of the Kenyan board, is facing corruption allegations but said he was grateful that …

Read More »

China property tycoon warns on real estate bubble

Beijing, China | AFP | China’s richest man, real estate magnate Wang Jianlin, has warned the country’s property market is the “biggest bubble in history” — the latest alarm bell to be sounded on the world’s second largest economy. Wang, the owner of real estate and entertainment conglomerate Wanda, said …

Read More »

VIDEO: Local Government officials divert sh5.3 billion to personal accounts

VIDEO: Local Government ministry comes under fire after officials reportedly diverted sh5.3 billion to their personal accounts. According to reports, the said funds were meant to procure cars to the district chairpersons in the 2014/15 financial year. As they appeared before the Public Accounts Committee of parliament, officials from the ministry of …

Read More »

AB InBev cheers SABMiller takeover in ‘Megabrew’ deal

London, United Kingdom | AFP |  Belgian-Brazilian brewer AB InBev savoured its status as the global leader in the beer industry after investors approved Wednesday its buyout of British rival SABMiller. Shareholders in SABMiller — currently the producer of Foster’s, Grolsch and Peroni lagers — overwhelmingly approved $103-billion (92-billion-euro) takeover …

Read More »